Intern - Financial Crime Prevention Assistant

Job Locations GB-London

Requisition Post Information* : Posted Date 3 weeks ago(10/2/2023 6:40 AM)

Requisition ID

2023-10111

# of Openings

1

Category (Portal Searching)

Compliance

Innovative, future-focused and collaborative, StoneX Group Inc. (NASDAQ: SNEX) is a global financial services firm with an entrepreneurial culture and a passion for providing world-class services to our clients. A Fortune-100 company with a nearly 100-year track record, with 3,300 employees and over 400,00 retail and institutional clients from more than 40 offices spread across five continents, we connect clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.

 

Today's global financial markets offer a world of opportunities. To trade. To invest. To manage risk. And to grow. We believe in connecting every company, every organization, every trader, and every investor to every advantage they need to succeed in today’s global markets ecosystem.

 

But that belief doesn’t stop at our clients. We also believe in connecting every single one of our employees to every opportunity they need to succeed in their own careers, too. From an entrepreneurial culture to a collaborative environment working alongside highly skilled specialists, a career at StoneX also offers a world of opportunities. To invest in yourself. To achieve. And to grow.

 

We Connect Clients to Markets.

 

StoneX Internship

Are you looking to gain real world experience in an entrepreneurial culture? Consider an internship at a thriving global financial services firm and launch your career with StoneX!

A StoneX Internship will provide development, support, career growth, and an endless array of opportunities. You can expect to make an impact on the business and experience a career defining internship program.

 

Internship Perks:

In addition to the real-world experience, you’ll gain at StoneX, we’re excited to offer interns several perks which include the following:

• Compensation: All interns are paid at a competitive rate.
• Hybrid Model: StoneX works on a hybrid model with the flexibility to work from home and in one of our fully equipped offices around the globe. In office days are made better with free snacks and drinks.
• Socials: Networking and acclimation to the company, office, and city are important aspects of the internship program. Socials and local favorites are planned at various points, with large events at the beginning and end of your internship.
• Access to Senior Leaders: Senior leaders are involved in the internship program from day one, delivering trainings, presenting on firm business, weekly leadership calls, and even attending socials.
• Training: Virtual and in-person trainings to get interns onboarded and connected with the company globally.
• Mentorship: Interns have a mentor and buddy to help answer any questions and work alongside during your internship.

 

Department Overview

The department comprises of various teams responsible for recognizing and evaluating the potential risks associated with existing clients, new business ventures or products. The aim of the department is to prevent financial crime by offering suggestions on implementing controls to minimize potential risks in light with sanctions and embargoes and other regulations.

• Examine alerts generated during client screening processes. This involves conducting thorough investigations and performing additional checks to ensure accurate identification of individuals and entities associated with the client.
• You'll play a role in keeping track of information requests related to important due diligence procedures. This involves organising and ensuring timely responses to requests for crucial information.
• You'll be involved in the process of identifying and verifying both the clients and any individuals or entities that hold a beneficial interest in the client's affair, a critical step in preventing financial crime.
• You'll learn about the entire journey a client undergoes during the client lifecycle. This includes assessing various factors that influence the client's risk rating in terms of financial crime and anti-money laundering.
• Grasp the reasons behind the meticulous examination and ongoing monitoring of new clients. This also extends to the continuous evaluation of existing client relationships to detect and mitigate potential financial crime risks.
• Become familiar with the regulatory controls that businesses are required to implement in order to mitigate their exposure to financial crime.
• You'll be tasked with recognising patterns and common characteristics in client trading activities. This understanding is crucial in accurately categorising the level of risk associated with a particular client.
• Delve into the intricate landscape of sanctions and embargoes, which involves understanding the legal restrictions imposed on certain countries, entities, and individuals.
• You'll gain knowledge about the factors that need to be carefully evaluated when engaging in business transactions with entities from different countries. This includes considering geopolitical, economic, and legal aspects.
• Be able to demonstrate a proactive approach in evaluating the potential risks associated with new business ventures or products. You'll also offer suggestions on implementing controls to minimise these risks.
• You'll play a role in recognising and staying updated on any new regulatory changes or developments in the field of financial crime prevention.
• Ensure that cases, emails, and requests are handled in a timely and appropriate manner.
• You'll work on building and enhancing relationships with colleagues across the organisation. This will facilitate the sharing of best practices and ensure a comprehensive understanding of risk management requirements related to financial crime prevention.

Ability to maintain confidentiality and appropriately handle sensitive information with tact and discretion

• Sound verbal/written communication abilities
• Effective interpersonal skills
• Sense of urgency
• Honesty, curiosity, and tenacity
• Strong work ethic and emphasis on attention to detail
• The confidence to fail

 

Early Careers Requirements

• Pursuing a bachelor’s degree from an accredited university in a relevant program and graduating between December 2024 and August 2025 (entering penultimate year of university)
• Available for a June 2024 start date for an 8 – 10-week program
• Proficiency with Microsoft Office suite (preferably Excel)
• Must be authorized to work in the UK for any employer