Compliance Officer Job Specification


Ethical approach – must have strong compliance principles.
Culture – your strong ethical approach must be transpired to all staff to promote a companywide strong culture of good compliance.
Never assume – make decisions on the basis of actual knowledge, don’t guess, if information is required request it.
Refer – Where you feel necessary, communicate a concern to senior management for a second point of view.


Client On boarding
*Responsible for the policy and procedures – updating where necessary, senior management sign off, communication and distribution.
*KYC checks for both UK and Overseas Individuals and Corporates.
*Ability to recognise risk factors of the data, ability to set questions/challenges to the potential client that need to be addressed.
*Ability to use internet sources to gather useful information to build client profiles. (companies house/overseas company registers, linkedin, google maps)
*Understand the purpose of sanction lists, the different lists for different jurisdictions and where they can be found.
*Understand the actions required for a positive or false positive match, and the investigation methods required to make a decision.


Client Monitoring
*Maintaining up to date and monitoring client files (address, ID, corporate ownership), as well as the trading profile.
*Keep the SGM-FX e-system up to date


Transaction Monitoring
*Pre, real time and post monitoring.
*ensuring transactions fit within client profiles.
*ensuring that we have an understanding for the purpose of all transactions.
*3rd party receipts and 3rd party payment protocols.
*Knowledge of supporting documentation to request/accept.
*Ability to recognise suspicious/unusual activity. Responsibility to report this to the authorities.


Risk Assessments
*Regular interaction with Senior Management to review and set company risk appetite (prohibited sectors)
*Knowledge of high-risk jurisdiction and sector types.
*Ability to sort/categorise high risk clients and regularly review them.


Compliance Training
*Ensuring that all staff have regular AML training and have a competent understanding of AML and CTF.


Regulatory Knowledge
*Knowledge of the Money Laundering Regulations
*Knowledge of the Payments Services Regulations – including safeguarding, segregating, COBS, beneficiary led trading.
*An understanding of the Data Protection Act.
*An understanding of the international compliance framework and how this can affect us.
*Up to date with regulatory change and developments both in the UK and internationally.


Regulatory Reporting
*Ability to interact where necessary with our regulators (FCA and HMRC).
*Ability to liaise with our banking partners during compliance visits/reviews.


Complaints Handling
*Responsible for identifying and understanding the nature of the complaint, collating the required data from a variety of sources, resolving the complaint and producing a final response.


Staff Compliance guidance
*Ability and knowledge to answer staff and client ad hoc compliance queries.
*Able to provide and communicate compliance guidance information for all staff (i.e. client transparency, Source of Funds, security measures).




Candidates with a suitable background and skillset without the requisite level of knowledge required will be considered subject to their ability and commitment to attaining the Compliance qualifications.