Job Description

Junior Financial Crime Administrator

Job type: Full-time

Location: Freemarket offers a hybrid working model. You should be able to attend the office in London Bridge when required, on average twice per week.

About Freemarket

FreemarketFX is a FCA regulated Authorised Payment Institution which specialises in cross-border payments and currency exchange, helping businesses accelerate growth by offering tailored payment and currency solutions. We combine proprietary technology, industry expertise, and strategic partnerships with leading banking and technology providers to deliver exceptional service.

This is an exciting opportunity for a motivated and ambitious individual to join a fast-growing FinTech company. With the support of the Compliance Team and access to external training with the ICA, this role offers excellent opportunities for skill development and career progression.

At Freemarket, our success is driven by our commitment to core behaviours that shape how we work and deliver value. We take

accountability

, ensuring outcomes are met with urgency and transparency. Our

data-driven

approach blends rigorous analysis with intuition to guide sound decision-making. We encourage innovation by being

curious learners

, always seeking new knowledge, skills, and perspectives. We act as

team players

, prioritising team success over individual recognition, and our

client-centric

mindset ensures we consistently understand and meet the needs of our clients, adding value at every step. These behaviours run through everything we do, enabling us to exceed expectations and support our clients' growth effectively.

Responsibilities will include:

Support the Financial Crime Team with the completion of transaction monitoring in both Realtime and post-transaction through alert handling, escalation and discounting of flagged transactions. Complete holistic transaction monitoring reviews of clients both as part of a Trigger Event or Annual/Periodic Review. Draft responses to banking partners when they reach out to use with Requests for Information (RFIs) in relation to our underlying customers. Assist with scenario testing and quality assurance as part of the AML Monitoring programme Monitor the performance of Transaction Monitoring rules and assist in the creation of them. Support the Compliance Team with the on-going implementation of the organisation's compliance and financial crime framework & policies. Review and carry out PEP, Sanction and Adverse Media checks as necessary, ensuring ongoing checks are completed in a timely fashion and any false positives are recorded and escalated as required. Ensure record keeping obligations are correctly adhered to and that customer records are filed accordingly and kept up to date. Liaise and respond to requests from Account Managers, Client Services and the Operations teams and provide support with any ad-hoc compliance queries. Support the Financial Crime Manager & DMLRO with MI, reporting and any additional ad-hoc duties. Familiarise yourself with and ensure you keep up to date with JMSLG and UK regulations such as Payment Services Regulations, Funds Transfer Regulations, the MLRs (2017) etc. Complete Suspicious Activity reports and escalate these to the MLRO. Support the Customer Due Diligence team with onboarding tasks as required.

The person we are looking for:

An ambitious individual with a hunger to develop their skills and knowledge within Compliance. Organised self-starter, demonstrating good time management, has strong communication skills (written & verbal), conscientious and diligent, having the aptitude to take initiative. Analytical mindset with strong attention to detail. Proactive and self-motivated, with the ability to work independently and as part of a team. A team player with strong interpersonal skills and the ability to collaborate effectively between departments. An individual with impeccable levels of integrity. Intermediate or advanced skills with Excel or similar is highly advantageous. Flexibility with occasional requirement to cover Public Holidays. Willingness to travel to the office in London Bridge on a hybrid basis. No prior relevant work experience is required, however, a desire to further yourself within the Financial Services Sector is a must.

This role offers an excellent opportunity to develop your knowledge and skills in compliance and financial services whilst building a rewarding career in the FinTech sector.