Compliance Administrator

The Recruitment Co are currently recruiting for a Compliance Administrator to work for an established, growing business in the Blackpool area.
Compliance Administrator salary: £23,000 - £24,000 (depending on experience)

Compliance Administrator hours: 8.30am - 5pm Monday to Friday (37.5 hours per week)

Compliance Administrator company benefits:

• Onsite Free Car Parking
• Pension Contribution Scheme
• Share Incentive Plan
• Private Medical Insurance
• Medical Cash Plan
• Life Assurance
• Income Protection Scheme
• 25 Holiday days + Bank Holidays
• Cycle to Work Scheme

Compliance Administrator Summary/ Job Purpose:

Responsible for the ongoing monitoring activities including periodic reviews and ongoing transaction/ payment monitoring. To review and assess existing clients to ensure that the client due diligence held on file is up to date, accurate and that the appropriate CDD/ EDD is recorded and retained on file. To ensure all activities are in accordance with all relevant laws, regulations and guidance notes relating to client due diligence and the prevention of financial crime. To be constantly alert to any risk or proposed action which may expose the company to adverse reaction or censure.

To always act in a professional manner and in the best interests of the company and to promote a good impression of the company, department, and the roles undertaken therein, to all clients, including external clients and other
departments of the company.

Compliance Administrator Roles and responsibilities:

• Work with the CDD Monitoring Manager, with reference to members of the Financial Crime Team where necessary, in the completion of an account periodic review.
• To perform periodic reviews of existing clients in line with the client's risk rating. For example, High Risk client reviews are performed annually.
• To ensure that client due diligence, including a full understanding of a client's overall wealth and source of fund is held on file, is up to date, accurate and in line with our AML responsibilities.
• To collect missing information (by writing to clients and/or speaking to Execs) and chasing any requested information. To perform electronic screening refreshes to ensure there are no changes to possible PEP, RCA, Sanctioned and/ or adverse media exposure that may pose a risk to the firm.
• To perform a review of when a trigger event is received, for example ensuring we have the correct DD on file for change of address/ change of name/ change of ownership etc.
• To refresh the client risk assessment to ensure that the appropriate level of due diligence has been applied.
• To perform adhoc AML reviews where escalations have been made from across the business, including AML onboarding following certain trigger events.
• To seek appropriate management approvals to continue with a business relationship.
• To ensure that the account structure is correctly documented in Avaloq and that all parties are correctly stored in Avaloq (so as to ensure that they are covered in our overnight screening).
• To investigate overnight screening alerts to establish if there are any changes to a client status including PEP/ RCA/ Sanctions and/ or adverse media. Where a positive match is identified to escalate to the Senior CDD Manager/ Financial Crime Compliance.
• To perform live payment monitoring to ensure activity is line with what the firm knows about the client and obtain relevant Due Diligence documentation.
• To perform post transaction monitoring to ensure activity is in line with that the firm knows about the client and obtain relevant Due Diligence documentation.
• Contribute to ad hoc projects relating to CDD/EDD, including client remediations.
• Undertake technical or any other relevant training as and when required.
• Be proactive in developing your knowledge of the industry and the market. Undertake and record relevant Continuous Professional Development (CPD) to develop knowledge and skills.

If this sounds of interest, please do feel free to apply through the link below, or alternatively please do get in touch on , or drop me a message on LinkedIn - in/harry-greenhalgh/ and I will be happy to discuss further!
The Recruitment Co are an equal opportunities employer.
CPBlackpoolOther

The Recruitment Co. is an equal opportunities employer and we're committed to diversity and inclusion in the workplace.