Compliance Officer
5 days ago
**1.** **Job Identification**
**Job Title**:
**Responsible to**:
**Department**:
Compliance Officer
Compliance Manager & MLRO
Compliance
**2.** **Job Purpose**
Using a risk-based approach on client activity to remain compliant with AML regulations. Verifying and vetting clients through the onboarding process to ensure we are staying within the regulatory guidelines and minimising risk to the company.
**3.** **Role of Department**
The compliance department supports the company by ensuring that both internal and external legal requirements are complied with.
**4.** **Scope and Range**
Working closely with the MLRO/compliance manager to ensure that the organisation and our clients comply with internal and external regulations. Acting in line with AML regulations, completing ongoing monitoring of transactions and using a risk-based approach for all services. Collecting KYC on clients in-line with professional standards. Overseeing and providing training to junior compliance members.
**5.** **Main tasks, duties, and responsibilities**
- Performing routine risk reviews to help organisations understand compliance risk, scope and significance
- Recording findings properly and following up with management to ensure issues are rectified
- Assisting in the gathering of information internally in response to requests by regulatory organisations
- Performing administrative tasks such as file creation and maintaining files of ongoing projects
- Collaborating with other departments to ensure compliance and investigating irregularities
- Analysing documentation and ensuring that they meet the standards of what is required by law and policy
- Carrying out the relevant checks on clients including world check and overnight screening
- Making requests to clients for any outstanding documents to complete Compliance files
- Inputting data to keep internal spreadsheets and registers up to date
- Completing Annual Reviews on Companies. This entails analysing the Company’s activity, structure, due diligence, and overall risk
- Completing reviews on agreements, contracts and Powers of Attorney’s to ensure compliant
- Performing a risk analysis on debits and credits to ensure they are compliant
- Keeping track of outstanding due diligence requests and chasing documents consistently
- Following up on Power of Attorney’s to ensure we receive copies of all documents signed
- Keeping informed on sanction updates and developing global issues that affect our compliance
- Completing internal risk assessments for the MLRO
- Completing director risk assessments for directors
- Answering telephone calls and directing to the right person
- Preparing the relevant indemnities for signature (bank, mixed director, PSC)
- Preparing additional ad-hoc documents for clients to ensure compliance as and when required
**6.** **Systems**
- Jobstream
- World Check & Overnight Screening
- Sanction Search
- Microsoft Office
**Salary**: £18,000.00-£21,000.00 per year
Schedule:
- Monday to Friday
Supplemental pay types:
- Performance bonus
Work Location: One location
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