Junior Compliance Monitoring Analyst

Junior Compliance Monitoring Analyst | Amsterdam

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

We specialize 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 optimize efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape.  Our corporate client experience is further enhanced by our dedicated sector’s expertise across a range of industries.

Department overview

The Compliance Department is responsible for ensuring the firm operates in compliance with its regulatory obligations and has systems and controls for the prevention of financial crime.  Accordingly, the department is split into these two functions.  Firstly, regulatory compliance provides relevant advice to the business and undertakes arms-length monitoring, acting in the capacity of a second line of defence unit. Secondly, the financial crime team undertakes the due diligence process for all client on-boarding and screening, monitors payments, and carries out periodic screening and KYC reviews.

Job overview

The Junior Compliance Analyst (Monitoring) is mainly responsible for ensuring that all relevant steps of the transaction and client monitoring process are effectively and timely completed.  This includes, but is not limited to, clearing alerts in the relevant monitoring systems (real-time, ex-post and existing client name-matching) and reviewing existing clients on an ongoing basis.  The Compliance Analyst must monitor clients whilst adhering to the internal policies and procedures set out by Monex whilst identifying any potential risks to the business by following the escalation process stated in these policies.

To provide coverage during peak activity times and to ensure the business continuity of the Compliance function, the Compliance Analyst may be required, from time to time, to support the Compliance Onboarding team, which is responsible for onboarding new clients.  

Finally, the Compliance Analyst may be requested, from time to time, to assist on other regulatory compliance topics, including but not limited to:

• Client complaints
• Conflicts of interest 
• Regulatory watch
• MiFID
• KYC for other banks/counterparties
• Code of Conduct and Ethics

Key Responsibilities & Accountabilities:

As a member of the Compliance team, you will be involved in the performance of the following tasks:

1. Effective and timely completion of client monitoring procedures.

2. Contribute to the assessment and management of the compliance risk of MESL to ensure that these risks are understood and managed.

3.  Assist in the publication and issuance of policies and procedures on the fight against Money Laundering, Terrorist Financing and on compliance with international financial sanctions.

4.  Assist in the execution of the Compliance Monitoring Programme.

5.  Respond to requests for information from internal and statutory auditors, as required.

Business Knowledge / Technical Skills

• Recent graduate in Business Administration, Finance or Law
• Experience in a compliance or internal / external audit department within the financial services industry is desirable, but not mandatory.

Systems / Knowledge Skills:

• AML/CFT software and CRM systems
• MS Office; Outlook, Word, Excel, PowerPoint

Languages

• High standard of oral & written English is mandatory
• Ideal candidate will speak French and/or Italian
• Any other European language is a plus