Compliance Associate
Banking Circle · London, England, United Kingdom
- On site
- Full-time
- £50,000 / year
- London, England, United Kingdom
Job highlights
- Support critical UK compliance activities and authorities.
- File SARs and review suspicious activity escalations.
- Respond to law enforcement information requests.
- Collaborate with AML and compliance stakeholders.
- Analyze customer data for suspicious patterns.
About the role
About Banking Circle
Banking Circle is a fully licensed, technology enabled bank processing over €1 trillion in payments every year - and growing. We exist to power the global economy’s most ambitious payments businesses with infrastructure that is fast, modern, and engineered for scale. Today, more than 800 people across 11 countries work together as one global team. We move fast, we think boldly, and we build with intent - because our clients depend on us to keep pace with the world’s most dynamic payments flows. We are expanding globally, scaling our capabilities, and deepening our impact, so if you want to shape the future of financial infrastructure - this is the place.Your team welcomes you with open arms
As the new Compliance Associate in our Compliance Team in London, you’ll experience an open and knowledge driven culture, where everyone can thrive, connect with colleagues, learn and grow. Here you will be empowered to make an impact every day. In this role you will get the chance to work take on responsibility for filing SARs relating to UK branch clients or activity with a UK nexus. This will require reviewing escalations received from across the business relating to unusual activity ensuring detailed, precise and balanced reports are filed. This includes researching, analyzing and evaluating possible suspicious activity raised during the due diligence and ongoing lifecycle. You will also be involved in responding to information requests from law enforcement authorities relating to compliance matters. We offer a hybrid work model for our employees to allow for flexibility and productivity. However, we do expect you to spend most of your time in the office to build community and efficiency in the team.Exciting work is waiting for you
- Review and respond to requests for information made by UK Law Enforcement Authorities/Agencies ensuring that information is provided in a timely manner and is accurate.
- Handle and review assigned UK SAR cases within available SLAs
- Inputting SAR cases into the NCA portal ready for review ahead of filing
- Analyze information concerning customer and account activity including transactional data and conduct additional research
- Close collaboration with key stakeholders in AML and compliance on SAR filings and investigations
- Analyze documents and transaction data patterns to evaluate accounts flagged for possible suspicious activity
- Supporting the Compliance Team with any administrative tasks as required
Key skills/competency
- Compliance Associate
- UK Compliance
- SAR Filing
- AML
- Suspicious Activity Reports
- Due Diligence
- Law Enforcement Requests
- Financial Crime
- Regulatory Reporting
- Banking Operations
Skills & topics
- Compliance Associate
- Compliance
- AML
- Anti-Money Laundering
- SAR
- Suspicious Activity Reports
- Banking
- Finance
- Regulatory Compliance
- United Kingdom
How to get hired
- Tailor your resume: Highlight experience in AML, compliance, or related fields, emphasizing reporting and analytical skills for a Compliance Associate role.
- Showcase your skills: Emphasize your can-do attitude, interest in AML/compliance, strong reporting and analytical abilities, and data pattern analysis.
- Demonstrate teamwork: Detail your experience as a team player with excellent communication skills, ability to collaborate, and work independently.
- Highlight adaptability: Mention your ability to thrive in fast-paced environments and meet tight deadlines, crucial for a Compliance Associate at Banking Circle.
- Apply strategically: Submit your application directly through the company's career portal; applications via email or direct message are not accepted.
Technical preparation
Familiarize yourself with UK SAR filing procedures.,Review AML regulations and financial crime typologies.,Practice analyzing transactional data patterns.,Understand the NCA portal and reporting requirements.
Behavioral questions
Describe a complex compliance issue you resolved.,How do you handle pressure and tight deadlines?,Share an example of collaborating with stakeholders.,How do you ensure accuracy in your reporting?
Frequently asked questions
- What are the main responsibilities of a Compliance Associate at Banking Circle?
- As a Compliance Associate at Banking Circle, your core responsibilities include filing Suspicious Activity Reports (SARs) for UK clients, reviewing escalations of unusual activity, analyzing customer data for suspicious patterns, and responding to information requests from UK law enforcement authorities. You will work closely with AML and compliance stakeholders to ensure accurate and timely reporting.
- What qualifications are required for the Compliance Associate position at Banking Circle?
- Banking Circle typically looks for candidates with a university degree or equivalent experience in Anti-Money Laundering (AML), compliance, or a related field. Strong reporting and analytical skills, a proactive attitude, and the ability to work both independently and collaboratively are essential for this Compliance Associate role.
- How does Banking Circle support a hybrid work model for its Compliance Associates?
- Banking Circle offers a hybrid work model for its employees, including Compliance Associates, to balance flexibility and productivity. While remote work is possible, the company encourages spending most of the time in the office to foster community and team efficiency.
- What is the company culture like at Banking Circle for a Compliance Associate?
- Banking Circle fosters an open and knowledge-driven culture where Compliance Associates can thrive. The team emphasizes collaboration, continuous learning, and empowers employees to make a daily impact within a fast-paced financial infrastructure environment.
- How can I best prepare my application for the Compliance Associate role at Banking Circle?
- To prepare your application for the Compliance Associate role, focus on highlighting your university degree or relevant experience in AML/compliance, strong analytical and reporting skills, and your ability to work in a fast-paced, deadline-driven environment. Ensure your resume clearly demonstrates a can-do attitude and team-player qualities.
- What kind of data analysis is involved for a Compliance Associate at Banking Circle?
- For the Compliance Associate position, you will analyze customer and account activity, including transactional data, to identify patterns that may indicate suspicious activity. This involves researching, evaluating, and reporting on potential financial crime.
- Who should I contact if I have questions about the Compliance Associate job application?