Senior Compliance & Financial Crime Analyst
Volume
This job is no longer accepting applications
See open jobs at Volume.See open jobs similar to "Senior Compliance & Financial Crime Analyst" Firstminute Capital.Founded by Mastercard and WorldRemit former executives, with early employees from Google, Uber, American Express, HSBC, Curve and Deliveroo. Volume (www.getvolume.com) is a London-based payments startup on a mission to kill the hidden fees on the Internet for both consumers and merchants alike 💳
Our mission is to create a universal checkout on the Internet 🌍 enabling online shoppers 🛍️ to pay and businesses 🛒 to get paid quickly, easily, conveniently, and eventually for free with just one click ⚡
Faster than Apple Pay, Volume is the only payment method that allows consumers to pay in one click using their bank app and businesses to eliminate payment intermediaries such as Stripe, PayPal, card networks, and their extortionate hidden fees 👿
We are currently looking for an experienced Senior Compliance & Financial Crime Analyst to join us as we embark on our journey to become a regulated financial institution. This is an incredible opportunity to receive a competitive salary and meaningful equity shares in the hottest startup in the UK 🔥
Our CultureWe don’t follow the traditional corporate or start-ups 🥱 model but empower our people to own their work end-to-end. The challenge is not for everybody, we are entirely mission-driven with a fully autonomous team culture. You decide the strategy, you move the metric, we help to achieve your goals 🏆
Department Description
You will be part of the Risk & Compliance team working directly with the Head of Compliance & MLRO. You will be part of a core team responsible for successfully delivering our second line of defence (2LoD) capabilities within the firm.
What you will be doingThis role will be supporting the MLRO and Head of Compliance with all Financial Crime matters including AML, KYC, ABC and DPA, and compliance with all regulatory requirements, including the the development and implementation of the firm’s financial crime framework, with a particular focus on financial crime prevention including managing fraud risks, preventing bribery and corruption, reporting suspicions of money laundering, customer due diligence requirements, transaction monitoring and preventing market abuse.
This role will ensure that a commercially orientated service is delivered, whilst continuing to meet best practice, regulatory and statutory requirements. This role will assist in the launch of Volume’s products and initiatives, ensuring that financial crime risks are assessed and mitigated, meeting all best practice, regulatory and statutory requirements.
Reporting into the Head of Compliance & MLRO, your responsibilities will include:
- Operates as a key Financial Crime Subject Matter Expert for the firm.
- Provide support and expertise in the absence of the MLRO
- Assist in the delivery of the regulatory requirements regarding the development and launch of Volume’s products and initiatives, ensuring all aspects of regulation are suitably addressed and risk managed.
- Work closely with the Product and Programme teams to ensure solutions meet these requirements.
- Training: Providing training to employees on AML/CTF policies and procedures to raise awareness and ensure compliance.
- Customer Due Diligence (CDD): Overseeing the process of verifying customer identities and assessing the risks associated with client relationships.
- Provide Financial Crime input to the development of new/upgrade of existing system, including assessing third party solutions where appropriate.
- Horizon scanning & Subject Matter Expert knowledge on existing and emerging Anti-Money Laundering (AML), Fraud, Anti-Bribery and Corruption (ABC), Counter-Terrorism Finance (CTF), Payments and other relevant regulations and their impact on business’ products and expansion plans.
- Support the continued development and implementation of the firm’s AML/CTF and financial crime framework, leading the financial crime risk assessment programme as part of the firm’s overall Compliance Monitoring Programme.
- Support the MLRO in the day-to-day activities of the firm’s AML and Financial Crime Management arrangements.
- Work closely with key stakeholders providing advice, guidance and support regarding AML and Financial Crime matters, particularly on complex structures, transactions, client onboarding risks, as well as in identifying high risk customers, including Politically Exposed Persons (PEPs).
- Lead the development of the firm’s policies and procedures for AML, CTF and other financial crime areas.
- Support the firm’s internal and external compliance and regulatory reporting requirements relating to financial crime (including relevant reporting, e.g. MLRO Report).
- Transaction Monitoring: Monitoring financial transactions to detect and report any suspicious activities that might indicate money laundering or terrorist financing.
- Reporting: Reporting suspicious transactions to relevant authorities as per regulatory guidelines.
- External Communication: Interacting with regulatory authorities, law enforcement agencies, and other external stakeholders regarding AML/CTF issues.
- Strong knowledge, experience and capability across Financial Crime, ideally gained from an open-banking background.
- Fraud management capability including knowledge of AML Transaction Monitoring and Fraud alerts.
- Strong skills/experience of recognised Financial Crime software/technology (e.g. Transaction Monitoring) in order to support the development, implementation and effective use of operational systems from a financial crime angle.
- Ideally the candidate will have a bachelor’s degree in a relevant field and/or a CAMS qualification or similar.
- The successful candidate must have at least 3 year’s Financial Crime / Compliance experience gained in the Money remittance /Payments or relevant financial services with good practical knowledge and expertise in AML, the Payment Services Directive and other applicable UK and European Financial Crime related regulations.
- Good knowledge of the UK and EU compliance laws and regulations applicable to payments/financial institutions is essential, with strong transaction monitoring skills and experience in a financial institution.
- Equity in the company 💰
- Work from home 🏡and our incredible offices in London 🇬🇧and Krakow
- A one-off remote-working budget to help you set up your home office 💺
- 24 days holiday as standard ✈️
- 30-day ‘work from anywhere’ policy 👩💻☀️
Diversity
We’re a diverse bunch here at Volume, with all kinds of experiences, backgrounds, and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
This job is no longer accepting applications
See open jobs at Volume.See open jobs similar to "Senior Compliance & Financial Crime Analyst" Firstminute Capital.