Junior Financial Crime Analyst

Junior Financial Crime 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 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 2025, Monex facilitated $198 billion in FX turnover and managed $16.1 billion in assets. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 70,000 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.

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 three 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 and Thirdly, the Senior Legal Advisor who provides legal leadership across the business by providing proactive, in depth, business focussed advice and analysing legal risk. The Department is currently transitioning to a model whereby the newly instituted ‘Customer Success Team’ will carry out the reviews on all low and medium risk cases, thus focusing the Financial Crime team on only those reviews identified as being of higher risk.  

Job Overview

The Junior Financial Crime Compliance Analyst is responsible for carrying out the Financial Crime Compliance, AML and KYC requirements within Policies & Procedures – in relation to Customer Onboarding. They must  stay up-to-date on AML regulations; resolves concerns and other issues that may arise and obtains approvals from senior members of the team, where necessary.

To perform Enhanced AML/Due diligence checks on all clients received from the 1LoD (Customer Success Team),  following the Policy to identify and mitigate high risk factors. To collect, analyse and summarize information and to prepare informative reports.

The Junior Financial Crime Compliance Analyst must on-board high risk rated clients whilst adhering to the internal policies and procedures set out by Monex (MEL, MEM) whilst identifying any potential risks to the business by following the escalation process stated in these policies.

Your role is a Code of Conduct (COCON) role. You are required to act in accordance with the ‘Monex Code of Conduct’ as detailed in your contract of employment, the Employee Handbook and its related policies.

Key Responsibilities & Accountabilities:

Financial Crime / AML Globally

• Responsible for assessing and onboarding High Risk rated clients to Monex Europe Markets and Monex Europe Limited.
• Support the Onboarding Manager and DMLRO/MLRO  in all areas of Financial Crime and Fraud;
• To work closely and liaise with Customer Success Team and front office staff (where applicable) and to encourage an understanding of client risk;
• Analyse complex ownership structures and investigate all positive alerts incl. PEP, sanctions and adverse media following the escalation process if a positive match is identified;
• Identifying potential conflicts issues and escalating them to line manager;
• Carrying out research on the source of wealth and funds of new High Risk Rated clients;
• Responsible for PEP Classification and escalation for sign off
• Produce detailed reports with recommendations based on these findings;
• Contribute to the continuing development, preparation and maintenance of the financial crime policies and procedures (including training materials), where necessary;
• Respond to financial crime compliance questions and requests from other departments.
• Support the Financial Crime Monitoring team with On Going Due Diligence (ODD) requirements.

Compliance Culture

• Establish good working relationships with Customer Success Team and front office and all other departments so that Compliance is seen as an effective second line of defence providing a professional internal guidance and advisory service.

Compliance Training

• Assisting AML training to support staff and new joiners;
• Ensure CPD/personal development is maintained.

Business & Compliance Strategy:

• Assist with the overall Compliance strategies for London 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 Culture

• Encourage good forms of communication with Customer Success Team and front office and all other departments to promote the Compliance department as an essential/co-operative/effective/helpful second line of defence;
• Providing guidance where necessary in line with regulation in relation to documents required for remediation or transaction monitoring;
• To continue to form good working relationships with individual compliance departments for good communication.

Compliance Training

• Completing online training on an annual basis.
• Assisting AML training to support staff and new joiners
• Ensure CPD/personal development is maintained

Compliance Monitoring

• To assist in the identification and investigation of suspicious activity/transaction reports and report accordingly to the MLRO, or deputy MLRO;
• 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 authorisations, periodic reviews and analysis of trading patterns and data.