KYC Analyst bei Monex

KYC Analyst | Madrid

Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.

We specialise 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 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 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 optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape.  Our corporate client experience is further enhanced by our dedicated sector expertise across a range of industries.

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 seeks to educate the wider business about legal, regulatory and financial crime risks and requirements. The Department recognises the firm has grown rapidly and therefore system and controls may have to be developed concurrently with the business. While tactical solutions are deployed, the goal of the Department is to develop and implement scalable solutions that are not dependent on manual intervention.

Job Overview

The Compliance Analyst maintains legal and regulatory compliance by researching and communicating requirements; stays 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 AML/Due diligence checks on all clients, using a risk scoring matrix to identify and mitigate high risk factors. To collect, analyse and summarize information and to prepare informative reports.

The Compliance Analyst must on-board clients whilst adhering to the internal policies and procedures set out by Monex whilst identifying any potential risks to the business by following the escalation process stated in these policies.

The role acts to support the Compliance Dept in all areas of on-boarding, AML/FC as well as advising on system developments and policy changes where applicable.

Key Responsibilities & Accountabilities

Financial Crime / AML Globally

• Compliance Analyst for all Financial crime and AML related matters for the
• MEMSV;
• Support the Compliance Manager and Head of Compliance in all areas of Financial crime and AML;
• To liaise with front office staff where applicable and to encourage an understanding of both individual and corporate client risk;
• Investigate all positive alerts incl. PEP, sanctions and adverse media and following the escalation process if a positive match is identified;
• Identifying potential conflicts issues and escalating them to line manager;
• Dealing with CDD requirements;
• Carrying out risk assessments at client on boarding and when CDD records are updated. This includes screening of legal entities, controllers, UBOs to identify any positive PEP/Sanction/adverse media matches;
• Carrying out research on the source of wealth and funds of new clients;
• Produce detailed reports with recommendations based on these findings;
• Contribute to the continuing development, preparation and maintenance of the compliance and financial crime policies and procedures, where necessary;
• Respond to compliance questions and requests from other departments

Compliance Culture

• Establish good working relationships with 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 Knowledge / Technical Skills:

• Wide financial crime exposure to EU AML and FC;
• Previous experience of working within in a similar, regulated industry;
• Demonstrated experience in managing AML/FC issues across jurisdictions and multiple legal entities.