Compliance Associate

Payments firm

London

£50K-£65K

Key responsibilities

• Conduct detailed customer and business reviews across KYC, KYB, transaction monitoring, sanctions, PEP and adverse media risk.
• Investigate and disposition transaction monitoring alerts, identifying unusual or potentially suspicious activity and escalating where appropriate.
• Manage complex financial crime cases from initial alert or trigger through investigation, decision and closure.
• Support KYB refreshes and periodic reviews, assessing changes to ownership, management, business activity, jurisdictions, expected activity and overall risk.
• Manage and respond to Requests for Information (RFIs) from banking, payment and other financial services partners, gathering and analysing relevant information and ensuring responses are accurate, complete and appropriately documented.
• Undertake proactive research into customers, businesses, counterparties, transactions, ownership structures and associated individuals where additional information is required.
• Use Sumsub to review customer information, screening results, transaction activity, cases and supporting documentation.
• Identify gaps, inconsistencies or unusual patterns across customer information and transactional activity and determine appropriate next steps.
• Perform enhanced due diligence on higher-risk customers and business relationships, escalating material concerns to the MLRO/DMLRO or relevant Compliance colleagues.
• Review customer activity against expected business models and risk profiles, identifying potential deviations or emerging risk.
• Support the investigation and escalation of potentially suspicious activity, including preparation of clear and well-evidenced case summaries for review.
• Support ongoing monitoring and periodic reviews across the customer base, ensuring reviews are completed to the required standard and within agreed timescales.
• Assist with compliance testing, quality assurance, thematic reviews and remediation exercises.