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Compliance Associate – Payments

  • Location: London
  • Salary: £50,000 - £60,000 per year

Posted over 2 years ago

  • Sector: Compliance
  • Contact: Emilia Thomas
  • Contact Email: ethomas@merje.com
  • Expiry Date: 20 February 2022
  • Job Ref: ET/18522

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Great opportunity for a Compliance Associate to join a payments services firm which specialises in transferring funds to the developing world. The business provides customized foreign exchange and treasury services to more than 500 customers, including international aid and development organizations, UN agencies, government agencies, NGO's, religious entities, multinational corporations, and financial institutions.

 

Job Role

 

To support the continuing development of this highly successful business, we require a dynamic professional to play a key role in supporting the compliance department with its advisory and monitoring responsibilities. This role will sit within the Wholesale Advisory and Monitoring division of the Compliance department and will focus on providing advisory support and monitoring across the Firm’s Global Payments division.

 

General Duties

 

·         Monitoring key regulatory developments and offering advice and guidance to other business units as required

·         Assist in the implementation of new regulations and other projects (e.g. Strong Customer Authentication implementation, Payment Services Regulations gap analysis)

·         Analysis and interpretation of relevant laws and regulations, including identifying changes to these that could affect the business

·         Perform ongoing tasks such as reviewing and signing off on financial promotions, gifts and entertainment monitoring etc.

·         Assist in the implementation of suitable compliance controls to new business initiatives and new products

·         Assist with regulatory reporting matters

·         Perform “deep dive” ad hoc monitoring tasks e.g. a review of the Firm’s outsourcing arrangements

·         Assist in the completion of ongoing tasks that sit within the team’s Compliance Monitoring Programme (“CMP”)

·         Assist with investigating and resolving ad hoc queries from regulators, exchanges and other areas of the business

 

Essential Knowledge and Experience

·         University degree in business, law, finance, economics, politics or other similar discipline

·         At least three years’ relevant experience, preferably within a Payment Services Firm

·         Good working knowledge of regulations, in particular PSD2 and Safeguarding requirements