Compliance Assistant

Compliance

Compliance Assistant

Location: Marble Arch, London

The Prax Group is a British multinational independent production, refining, storage, distribution and sales conglomerate dealing in crude oil, petroleum products and biofuels, headquartered in Weybridge, Surrey. Our mission is to conduct business responsibly, placing excellence, integrity, and philanthropy at the heart of everything we do. 

The Prax Group’s core business is production, refining, logistics, and integrated supply and optimisation; our assets and investments complement and enhance these activities. The Group has over 1,500 employees in 6 offices across the world. The Group’s downstream marketing and distribution businesses carry the Harvest Energy brand. Its midstream and upstream businesses, including production, refining, and blending, carry the Prax brand. The Group is collectively identified as the Prax Group. 

The Legal & Compliance Department is part of Central Services located in Prax Headquarters in Weybridge, Surrey. As the Compliance Assistant for the Prax group, you will be reporting to the Group Ethics & Compliance Officer as part of the Legal and Compliance Department. Also, you will be assisting with performing customer due diligence checks on a wide range of businesses in the UK and internationally.

Duties to include but not limited to:

• Anti-Money Laundering – assisting with implementing and conducting Know Your Customer (KYC) process at Prax, and assisting with requests for KYC about the group
• Provide compliance support via close proximity to the dynamic and fast moving IS&T, Risk & Corporate Finance teams.
• Performing due diligence checks on new and existing counterparties to identify risks and ensure compliance with applicable laws and regulations.
• Provide on-site compliance support to the centrally located wider Group Legal team.
• Maintain accurate records of compliance activities, including counterparties documentation and compliance reports, to ensure audit readiness.
• Compliance policies – assisting with creating, implementing, and keeping up to date a group Code of Conduct and compliance polices
• Compliance training – assisting with set up and implement the online training program for the whole Prax group
• Keeping up-to-date all compliance registers
• Data Protection - assisting with all GDPR related matters
• Other ad-hoc compliance related duties

Qualifications, character and experience:

• 2 years of experience with AML compliance
• Ability to meet demanding deadlines, often with competing priorities, and adapts to business needs
• Interest in process improvement and implementation of change
• Advanced MS Office skills
• Oil industry experience would be an advantage

• Excellent time management/organisational and multi-tasking skills
• Possess strong analytical skills
• Strong communication skills
• Flexible and adaptable in approach
• 5 days a week in the office