ABOUT IFX PAYMENTS

We’re an award-winning global provider of foreign exchange and payment solutions. At IFX, our mission is to become the number one service-led alternative banking partner in EMEA for corporates and Financial Institutions that add value beyond the transaction. We have one guiding principle: to Win. Properly.

REQUIREMENTS

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• Experience: Proven experience in transaction monitoring and corporate onboarding.

• KYC and AML Knowledge: A solid understanding of KYC law, regulations, compliance risk, non-financial risk, and documentation aspects of the KYC process, particularly for correspondent banking relationships.
• Analytical Skills: Strong analytical and organisational skills, with the ability to be a proactive and fast learner.
• Communication Skills: Excellent communication skills, both written and verbal, with the capability to document relevant information in a clear, structured, and comprehensive manner. Ability to build and maintain relationships with colleagues and clients at all levels of seniority.
• Teamwork: A strong team player with robust work ethics.
• Resilience and Commitment: Resilient and committed with the ability to plan, prioritise, and work under pressure.
• Attention to Detail: Accuracy and diligence with a focus on delivering high-quality results within tight deadlines.
• Market Awareness: An interest in financial markets, current events, and news.
• Technical Proficiency: Command of MS Office applications and general computer proficiency.

WHAT’S THE ROLE?

Job Title: Junior Transaction Monitoring Associate
Team: Compliance
Location: London

OVERVIEW OF THE ROLE

The Transaction Monitoring Associate is a vital role within our organisation, responsible for conducting detailed monitoring and analysis of client transactions to identify and mitigate risks associated with money laundering and financial fraud. This position requires a high level of diligence, analytical skills, and a deep understanding of KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. The ideal candidate will be proactive, detail-oriented, and committed to maintaining the highest standards of compliance and risk management.

RESPONSIBILITIES

• Detailed Transaction Analysis: Conduct in-depth analysis of client transactions, scrutinising for unusual patterns or activities that might indicate money laundering, terrorist financing, or other financial crimes.
• Alert Investigation and Resolution: Manage and investigate alerts generated by the transaction monitoring system, determining the legitimacy of transactions and escalating suspicious activities as per the established protocols.
• Trend Analysis and Reporting: Identify and report on trends or patterns in transactional behaviour that could indicate emerging risks or areas of concern.
• Compliance and Regulatory Adherence: Ensure all transaction monitoring activities are compliant with relevant AML regulations and internal policies. Stay updated with changes in regulatory requirements and adjust monitoring strategies accordingly.
• Client Risk Assessment: Assist in assessing the risk level of clients based on transaction activities, contributing to the overall risk profile analysis.
• Documentation and Record Keeping: Maintain accurate and comprehensive records of all monitored transactions and investigations for audit and regulatory purposes.
• Enhancing Monitoring Processes: Contribute to the continuous improvement of transaction monitoring processes and systems, suggesting enhancements for more effective monitoring and risk management.
• Collaboration and Reporting: Work closely with the compliance and AML teams, providing regular reports on transaction monitoring findings and escalating issues as necessary.