Compliance Manager, Affirm
Money Laundering Reporting Officer
€83-123k
+ ESPP
POS installment loans
Job no longer available
POS installment loans
1001+ employees
Job no longer available
€83-123k
+ ESPP
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- 6+ years of experience in financial crime compliance, AML or risk management, ideally within NL-regulated consumer credit / Buy Now Pay Later (BNPL), fintech or payments
- Prior experience as a (deputy) MLRO is strongly preferred
- Proven experience designing and maintaining financial crime frameworks, including risk assessments, policies, and monitoring programs
- Expertise: Advanced knowledge of applicable laws, regulations, requirements, best practices, and regulatory trends that impact Affirm’s business, including in relation to the Dutch Wwft, EU AML Regulations and sanctions regulations
- Subject matter expert in completing end-to-end compliance testing and/or assessment activities with limited oversight
- Advanced project management, critical thinking, and analytical skills
- Excellent ability to collaborate cross-functionally and communicate complex regulations to functional leadership, while demonstrating strong organizational and relationship management skills with a detail-oriented and thorough approach
- Inquisitive and proactive in proposing creative and effective solutions
- Proactive and innovative mindset with proven experience in leading initiatives and driving a culture of compliance within an organization
- A strong interest in fintech and consumer financial protections
- Fluent in English; Dutch language skills are a plus
What the job involves
- Affirm’s EU Compliance team designs and implements a compliance program that proactively addresses regulatory requirements while also identifying potential compliance issues that may arise
- Compliance program activities include advisory, training, testing & monitoring, reporting and oversight
- Although a second line of defence, compliance partners with the business to support new products, markets, and initiatives, as well as issue identification, remediation plans and risk assessment
- Compliance uses multiple data sources to enable informed decision making, strengthen controls and provide good outcomes for consumers
- As Affirm continues expanding across Europe, we’re seeking an experienced Regulatory Compliance Manager / Money Laundering Reporting Officer (MLRO) to lead and oversee its Financial Crime Compliance Framework
- You will act as the first point of contact for financial crime matters, including anti-money laundering, fraud and sanctions
- You will ensure that Affirm B.V. complies with its financial crime obligations, while maintaining alignment with Affirm’s global standards
- This remote-eligible role reports to the EU Compliance Director
- Own and oversee the design, implementation and maintenance of Affirm’s EU Financial Crime Compliance Framework, ensuring adherence to local regulatory requirements (eg. Wwft and related EU legislation)
- Develop and maintain AML, fraud and sanction related policies, procedures, and controls, ensuring these are proportionate, risk-based, and aligned with Affirm’s global compliance standards
- Advise on compliance and financial crime matters across functions including Product, Risk and Engineering, helping balance regulatory obligations with business objectives
- Develop and maintain a KYC risk assessment framework
- Support and challenge first-line operations in managing financial crime risks, including customer onboarding, transaction monitoring, and screening processes
- Be responsible for reporting of suspicious activity, ensuring timely and accurate submissions to FIU-Nederland
- Drive awareness and accountability through training, communication, and proactive engagement across teams
- Monitor regulatory developments and recommend updates to internal frameworks to maintain ongoing compliance readiness
- Other duties as assigned
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Boasting over 21M consumers and 337,000+ merchants, the company offers flexible payback options, ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- Spending Wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
- Supportive Communities: Get involved with our employee resource groups and community groups
- Remote-first Workforce: If your role is remote, you can set up shop anywhere in your home country
- Generous Time Off: Take the time you need when life happens
- Health Benefits: Get a plan that fits your needs
- Mental Healthcare: Take care of your mind with great mental health programs
- Parental Leave: Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- Away Days: We offer 20 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & Development: Engage in exciting learning programs to level up your growth
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(Co-Founder & CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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