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Compliance/Risk Officer with Sciopay Ltd

EC2A 1NT, London (Greater)
Closing date
27 Oct 2022

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Banking & Financial Services
Role Type
Apprenticeship, Advanced
Start Date
12-18 months
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Job Details

Job Description:

We are looking for an up-and-coming Compliance individual to join the team in London who is passionate about taking their first step within the payments, financial services, or FX industry. As a Compliance/Risk Officer you will help manage the day-to-day running of the Transaction Monitoring and End-Customer Onboarding systems, ensuring that Compliance risks are adequately identified, assessed monitored, controlled, and reported as required.

This role will require the candidate to commit to 08:30 - 17.00 shifts on a weekly basis.

The Details...

  • Conduct a review of customers' applications at the point of onboarding
  • Carry out enhanced customer due diligence (ECDD) and know-your-customer (KYC) on new customers
  • Conduct sanction/PEP screening and investigate potential hits
  • Conduct monitoring of existing applications to ensure that documentation is up to date
  • Support data-protection compliance
  • Complete Compliance administration (record training, keeping customers records up-to-date) as required
  • Analyse payment and compliance data to identify trends and patterns
  • Review the effectiveness of current monitoring rules and settings and provide feedback on ways to optimise
  • Continuously review current processes and suggest improvements to the process as well as systems used
  • Work cross-departmental to proactively identify and resolve operational compliance queries
  • Undertake assigned Compliance project work
  • Identification and reporting of suspicious activity to relevant global financial intelligence units
  • Proactively escalate urgent cases to the MLRO/DMLRO for further review
  • Keep up-to-date with current and future regulatory changes that affect the business and use this knowledge to proactively suggest improvements to compliance policies and procedures.

Training Provided:

As a Compliance/ Risk Officer Apprentice you will undertake the Compliance/ Risk Officer Level 3 Advanced Apprenticeship. Completion of the apprenticeship will result in the awarding of the ICA Certificate in Anti-Money Laundering, Compliance, or Financial Crime Prevention.


Apprenticeship is 15 months but the role is permanent

Skills & Personal Qualities:

  • Basic MS Excel & Word
  • Willingness to learn new operational skills within compliance software
  • Ability to work independently to manage assigned tasks to ensure daily targets are met
  • An accountable worker who takes ownership of cases from start to finish
  • Team player who enjoys working with others in order to achieve a shared goal efficiently and effectively • Ability to reprioritise and multitask at short notice to meet tight deadlines
  • Have an interest in having a career in Compliance within the payments, financial services, technology or FX industry
  • Be articulate, numerate, organised, hardworking and able to build excellent relationships.

Qualifications Required:

  • 5 GCSEs at grade 4/C or above, to include English and Maths (or equivalent qualifications)

Future Prospects:

The candidate will be joining a small team so we will be expecting them to taking a leading role within the compliance department by the end of the apprenticeship. This will potentially include managing a team and having a voice on how the future of our compliance department operates.

Other information:

Please ensure that you apply for the position as soon as possible to avoid disappointment. The closing date is a rough guideline as to when an advert will close. The advert may close before the given closing date if the employer has filled the position(s). 
BPP have a dedicated team who support students with disabilities, learning difficulties, health conditions and wellbeing. Please contact us at if you have any queries or would like more.


About BPP Professional Apprenticeships

BPP is one of the UK’s largest providers of professional apprenticeship training. They work closely with some of the UK’s leading employers including RBS, EY and Starbucks to create unique opportunities for apprentices.

Who Are BPP Professional Apprenticeships?

BPP have been delivering professional qualifications for over 40 years. Training over 80,000 leaners each year, across areas including law, management, accountancy, insurance, banking, nursing, healthcare and more.

What BPP Professional Apprenticeships Offers

BPP's programmes are developed in partnership with employers and respected professionals. Their programmes offer recognised professional qualifications, with a clear pathway from one level to the next – all the way up to chartered status. Regardless of position, almost anyone can get involved. From entry-level talent, to the most senior leaders. Through an apprenticeship you’ll have the opportunity to develop a stronger, wider and deeper skill set. 


Once you’re on your apprenticeship, you will be surrounded by BPP’s experts. Including dedicated Coaches who will support you through your journey, and Tutors who will provide their expertise on your chosen course. BPP’s flexible delivery blends digital learning with a face-to-face approach, and in some cases peer-to-peer learning, to help minimise disruption in your working environment.

Find Us
0161 244 6471
M1 6FQ
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