Compliance Monitoring Analyst

Compliance Monitoring Analyst | London

Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.

We specialise in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence. Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments.

In 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 clients worldwide.

By combining global reach with deep local market expertise, Monex enhances businesses with a suite of financial solutions and FX market analysis to help optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape.  Our corporate client experience is further enhanced by our dedicated sector expertise across a range of industries.

Job overview

As Compliance Monitoring Analyst, your tasks involve monitoring existing trading clients as well as managing the requirements for dormant clients wishing to start trading again with Monex. This includes transaction monitoring, payments, ERMI reporting, periodic remediation’s of client accounts and monitoring ongoing adverse media allegations of clients and/or directors or associates.

Key Responsibilities & Accountabilities:

Financial Crime / AML Globally

• Perform periodic client remediation’s across all jurisdictions based on the risk of the client;
• Analyse trading activity for anomalies. Cross reference live data with information provided at on-boarding;
• To liaise with the front office, specifically the dealing team, to ensure good communication and a smooth process for remediation of client accounts;
• Assist with the development of internal processes and procedures for daily activities, including the ongoing development of systems and controls;
• Managing ongoing PEP/Sanction screening alerts of clients, directors and third parties, where necessary;
• Create client summaries if high risk factors are identified;
• Escalate findings to Senior team members or Line Manager if necessary.

Business & Compliance Strategy:

• Assist with the overall Compliance strategies whilst completing day-to-day operations;
• Helping to advise and assist Senior management and the Front office on global risk appetite and current, country specific regulations and guidelines.

Regulatory & Financial Crime Requirements

• Broad understanding of Financial crime regulations across all relevant jurisdictions;
• Responsibility to adhere to policies and procedures set out in line with relevant regulation across each jurisdiction;
• Assisting in the continuous review and improvement of Monitoring Policies & Procedures, to continue to be compliant with regulatory changes and best practice;
• Ensuring risk based procedures are in place for the review and escalation of due diligence /KYC documentation and information on all clients.

Compliance Monitoring

• To assist in the identification and investigation of suspicious activity/transaction reports and report accordingly;
• To assist in the review and improvement of monitoring systems and controls.

Technology & Data:

• Responsible for assisting with the sourcing and maintaining all Compliance/Monitoring systems;
• Assist in the development of internal systems to allow for effective execution of daily tasks within the monitoring team.

Business Knowledge / Technical Skills

• Previous experience of working within in a similar regulated industry;
• Financial crime exposure to global AML and FC;
• Previous experience in complex AML/FC projects;
• Demonstrated experience working on AML/FC issues across jurisdictions and multiple legal entities;
• Experience in transactional monitoring, payment authorizations, periodic reviews and analysis of trading patterns and data;
• Demonstrates professional acumen, integrity, discretion, credibility, resilience & trustworthiness;