IFX Payments

Cross-border payments platform with FX

KYC Onboarding Associate - Funds

Financial Crime & AMLUpdated on Nov 13

Full-timeDubai - United Arab EmiratesNo salary listed

About the Job

Requirements

Proven experience in KYC/KYB onboarding within financial services or a similar regulated industry.
Experience onboarding funds and fund-related structures, such as general partners, management companies, and special purpose vehicles, at a DFSA- or FSRA-regulated firm such as a fund administrator, bank, custodian, or fund manager.
Working knowledge of the DFSA AML Module and UAE AML/CFT framework.
Strong attention to detail and ability to manage multiple tasks in a deadline-driven environment.
Analytical and process-oriented mindset, with a focus on continuous improvement.
Excellent communication and stakeholder management skills, including across UK and UAE teams.
Adaptability and ability to perform under pressure.
Willingness to travel to the Dubai office as required.

Responsibilities

Collect and review KYC/KYB documents for UAE-incorporated clients onboarded by the UK group entity, with a particular focus on funds, and hand over to UK Onboarding for approval and account opening.
Conduct end-to-end onboarding of DIFC clients, with particular focus on funds.
Act as liaison between clients, the DIFC Sales team, and UK Onboarding until accounts go live.
Conduct client due diligence and enhanced due diligence checks in accordance with AML/KYC regulations using relevant screening tools.
Identify and verify ultimate beneficial owners and controllers across fund structures, including general partners, management companies, investment managers, and fund administrators.
Ensure onboarding processes adhere to regulatory and compliance standards.
Review and verify documentation for compliance with internal policies and regulatory requirements.
Identify and escalate high-risk cases, potential risks, or red flags to the CO/MLRO.
Serve as the first point of contact for KYC-related queries and provide timely, professional responses to clients.
Communicate with clients to obtain required documentation and clarify requirements.
Maintain accurate records of onboarding activities within internal systems.
Support the CO/MLRO with audits, reporting, and process-improvement initiatives.
Identify process-improvement opportunities and suggest solutions to enhance efficiency.

Desired Qualifications

Awareness of UK requirements, including MLRs 2017 and JMLSG guidance.
A recognised AML/compliance qualification, such as an ICA certificate, or willingness to work toward one.

Overview of the role

The KYC Onboarding Associate (Funds) is a vital first line role within our organisation, responsible for supporting onboarding for clients introduced by the UAE entity to our Group UK entity, with a particular focus on funds and responsible for onboarding UAE clients. This position requires a high level of diligence, analytical skills, and previous KYC/KYB onboarding experience with funds. The ideal candidate will be proactive, detail-oriented, and committed to maintaining the highest standards of compliance and risk management.

Collect and review KYC/KYB documents for UAE-incorporated clients onboarded by our UK group entity, with a particular focus on funds. Handing over to UK Onboarding for approval and account opening.
Conduct end-to-end onboarding of DIFC clients, with particular focus on funds.
Act as liaison between the client, the DIFC Sales team and UK Onboarding until the account goes live.
Conduct thorough and accurate client due diligence (CDD) and enhanced due diligence (EDD) checks in accordance with AML/KYC regulations, using the relevant screening tools.
Identify and verify ultimate beneficial owners and controllers across fund structures, including general partners, management companies, investment managers and fund administrators.
Ensure all onboarding processes adhere to regulatory and compliance standards.
Review and verify documentation to ensure compliance with internal policies and regulatory requirements.
Identify and escalate high risk cases, potential risks or red flags to the CO/MLRO.
Act as the first point of contact for KYC-related queries, providing timely and professional responses to clients.
Communicate effectively to obtain required documentation and clarify requirements with clients.
Maintain accurate records of onboarding activities within internal systems.
Support the CO/MLRO with audits, reporting, and process improvement initiatives.
Identify opportunities for improving processes and suggest innovative solutions to enhance efficiency.

Proven experience in KYC/KYB onboarding within Financial Services or a similar regulated industry
Experience onboarding funds and fund-related structures (e.g. GPs, management companies, SPVs) at a DFSA or FSRA-regulated firm, such as a fund administrator, bank, custodian or fund manager, is a must.
Working knowledge of the DFSA AML Module and UAE AML/CFT framework; awareness of UK requirements (MLRs 2017, JMLSG guidance) is advantageous.
A recognised AML/compliance qualification (e.g. ICA certificate) is advantageous, or willingness to work towards one.
Strong attention to detail and ability to manage multiple tasks in a deadline-driven environment.
Analytical and process-oriented mindset, with a focus on continuous improvement.
Excellent communication and stakeholder management skills, including across UK and UAE teams.
Commitment to continuous learning and adapting to changing regulatory landscapes.
A true team player with a winning mentality and strong work ethic committed to continuous improvement and high performance.
Adaptable, tenacious and flexible, able to perform under pressure.
A collaborative approach to working with others and committed to an inclusive environment.
Willingness to travel to the Dubai office as required.

About the Company

IFX Payments

Cross-border payments platform with FX

IFX Payments is a London-based fintech that streamlines international money movement for businesses by combining foreign exchange expertise with a digital payments platform. Its core service, ibanq, enables sending and receiving funds in over 40 currencies from a single interface, while an API gateway lets clients integrate straight-through processing, real-time reporting, and automated treasury workflows. The company targets corporates, financial intermediaries, and institutions seeking alternatives to traditional banking through scalable, cloud-based payments and FX solutions. Its goal is to reduce currency risk and simplify cross-border transactions, embedding itself as a global payments and treasury platform for businesses of all sizes.

Company size: Not listed
Company stage: Not listed
Total funding: Not listed
Headquarters: London, United Kingdom
Founded: 2005

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