Compliance Assistant London 2024

This role is a fantastic opportunity to start your Compliance career if you are an enthusiastic, self-motivated, inquisitive team player with effective communication and problem-solving skills. You will be hard working with a desire to contribute to the success of a fast-paced and innovative financial services technology firm. You will be joining a growing Compliance team and will benefit from ongoing training.

MillTechFX was founded in January 2019 to provide corporates, institutions, corporate treasurers and asset managers with direct access to transparent and competitive multi-bank rates offering low cost FX execution. MillTechFX is an affiliate of Millennium Global Investments, one of the largest independent currency managers, and we have recently raised growth capital to fuel our journey.

Your mission

Our Compliance team creates, develops, implements, monitors and manages our procedures, key controls and policies that ensure that we control and monitor risk, and benefit from proper governance structures. The department closely monitors all business areas to ensure that comprehensive regulatory and risk controls are in place and functioning appropriately.

The Compliance function is also responsible for conducting appropriate due diligence on its clients, ensuring the firm adheres to its anti-money laundering and counter-terrorist financing requirements.

You will support the Compliance team in a wide range of tasks where you will need to show initiative, reflect and learn about the regulations, policies and procedures that are in place, as well as commit to supporting your colleagues in achieving the department goals.

Responsibilities

Your responsibilities in this role will include:

• Assisting with the review and approval of marketing and other promotional materials;
• Assist with the building, maintaining and implementation of the Compliance monitoring plan, ensuring that the firm’s system and controls remain effective;
• Assist with new customer onboarding and ongoing due diligence requirements: including the collection and review of submitted documents, liaising with our counterparty bank relationships to facilitate a smooth ISDA onboarding process for our clients;
• Develop and maintain knowledge of UK (and other relevant jurisdictions) compliance laws, rules and guidelines applicable to our business;
• Maintain and update our compliance policies and participate in team training;
• Assist in the investigation, maintenance and reporting of breaches in our compliance;
• Assist with product solution reviews where necessary;
• Assisting with and completing compliance reviews and audits;
• Assisting the team with GDPR and data protection compliance;
• Horizon scanning; looking for future regulatory developments applicable to our business;
• Participate in special compliance projects including liaison with other departments such as operations, finance, HR, technology and business development; and
• Any other ad-hoc tasks and responsibilities.

Required skills

We value each MillTechFX employee equally and respect all that they have to offer, including their passion, creativity, determination and friendship. Specifically, for this role, we are looking for a:

• A high degree of personal honesty and integrity;
• University Degree (or equivalent) or some work experience, a legal background is desirable;
• An analytical and inquisitive mindset with a desire to learn;
• Attention to detail;
• Excellent spoken and written English;
• A proven ability to work successfully in a team; and
• Good computer skills including Microsoft Office (Word, Excel etc).

We are a fast growth FinTech so a growth mindset and the ability to roll up sleeves and respond to changing circumstances with agility will be critical.

What do we offer in return?

Our commitment is to help you flourish in this role, through support with your professional development, opportunities to be involved in key projects, and exposure to challenges that you may not be offered in a larger organisation. We will provide:

• A competitive salary dependent on experience with annual reviews.
• Pension scheme.
• Private medical insurance.
• EV salary-sacrifice scheme.
• Cycle to work scheme.
• Well-being contributions.
• Additional days of leave per year of service.
• Enhanced Maternity.
• Enhanced Paternity.
• Buying annual leave.
• Unpaid leave.
• E-Learning Platform access.
• Training & Development allowance and fully paid study days.

How to apply?

We would love to hear from you if you think that you’re a good fit for this role. To apply you should upload your CV. One of the team will then be in touch with you to discuss the next steps.