Compliance Associate Annual Salary: Up to £32,000 Location: Ipswich, UK Job Type: Full-time, Permanent We are currently recruiting on behalf of a client for a Compliance Associate to join their dynamic team in Ipswich. This role is crucial for ensuring that the company operates in accordance with relevant UK laws, regulations, and internal policies, with a strong focus on Anti-Money Laundering (AML) activities, including Know Your Customer (KYC) and Customer Due Diligence (CDD) processes. This position offers an excellent opportunity for career progression within a regulated environment. Day-to-day of the role: Assist in the completion of AML activities, including screening and due diligence for existing and new corporate clients. Handle the recording and investigation of Suspicious Activity Reports, and report matters externally as required. Support ongoing monitoring of client transactions to detect potential suspicious activity. Perform screening of borrowers against sanctions lists, adverse media, and Politically Exposed Persons (PEP) databases. Prepare compliance-related management information for presentation to senior management, clients, and key stakeholders. Support the review and maintenance of compliance policies, processes, and procedures. Maintain and update compliance records, ensuring all documentation is accurate and up-to-date. Assist in compliance-related projects and prepare reports for internal and external audits. Ensure compliance with FCA regulations, AML laws, and internal policies. Escalate high-risk matters to senior compliance officers as necessary. Contribute to the continuous improvement of AML processes and procedures. Required Skills & Qualifications: Knowledge of AML regulations and guidance, KYC/CDD requirements, and FCA guidance. Proficiency in Microsoft Office. A minimum of 3 years’ experience in a compliance or regulatory environment within the financial services industry. Ethical conduct, demonstrating high ethical standards and integrity. Excellent communication skills, able to tailor messages to different audiences. Strong problem-solving skills, with the ability to assess situations and propose practical solutions. Excellent organisation and time management skills, with a keen attention to detail. Ability to work to deadlines with competing priorities. Commitment to continuous learning and professional development. Benefits: Competitive salary package. Opportunities for career advancement and professional growth. Supportive team environment. To apply for the Compliance Associate position, please submit your CV and/or contact Sophie Clarke at Reed (Norwich) to learn more today!