Financial Crime Team Leader, Capital on Tap
Salary not provided
Mid and Senior level
Manchester
Credit card built for small businesses
Be an early applicant
Credit card built for small businesses
501-1000 employees
FintechB2BBankingPaymentsLendingCredit cards
Be an early applicant
Salary not provided
Mid and Senior level
Manchester
501-1000 employees
FintechB2BBankingPaymentsLendingCredit cards
Company mission
To make running a small business as easy as possible.
Role
Who you are
- Experience making independent risk-based judgements on AML investigations
- Financial crime onboarding, investigation, screening and transaction monitoring experience is essential
- Experience in handling cases involving complex beneficial ownership structures is essential
- Meticulous attention to detail to identify when things are not working as designed
- Cases won’t always fit into neatly defined criteria so you’ll need to be Confident in your ability to make best-judgement decisions based on the information available and be able to communicate these effectively
- Genuinely care about the development of the team and the individuals you manage as demonstrated by your interactions across the business
- Ability to give and receive open and constructive feedback
- At least 1 year of management experience is essential - ideally in a financial services environment, preferably within FinCrime
What the job involves
- The role follows a shift pattern that covers the hours between 9:00am to 8:30pm, 7 days per week
- The Financial Crime team consists of 46 people globally. The team is responsible for ensuring that Capital on Tap meets its regulatory obligations in relation to all things AML and CTF
- The primary role of the Team Leader will be to support the Fincrime Manager in driving the performance and development of team members in a supportive, transparent and accountable environment
- Your success is the success of the members of your team in aggregate, as measured by their performance, satisfaction and well-being
- Responsible for leading a team of up to 10 FTE FinCrime officers as they conduct KYC, KYB and Transaction Monitoring checks as part of our onboarding and ongoing customer due diligence requirements
- Ongoing development of team members, identifying areas for improvement and leveraging individual and team forums (1-1s, coaching sessions, huddles, team meetings, etc) to affect positive change. Ensuring all team members have active, individualised and meaningful development plans in place
- Act as a subject matter expert in onboarding due diligence requirements, including screening, industry risk, complex ownership structures and EDD
- Ensure the team handles transaction monitoring alerts & escalations in accordance with procedures and meet standards for both quality and timeliness
- Assist the team in the investigation of suspicious transactions to help protect the business from potential Money Laundering and Terrorist Financing risks
- Assist in the preparation of high quality Suspicious Activity Reports to the authorities concerned. (NCA & FINCEN)
- Continuous reviewing of transaction monitoring capabilities and providing feedback to the wider financial crime leadership team on efficiencies to be implemented, including enhancement to existing rules
- Act as a subject matter expert for financial crime escalations within the wider FinCrime team and other areas of the business
- Participate in wider FinCrime team meetings, sharing knowledge on identified emerging trends and threats to assist in the building of a high performing team
Application process
- We will aim to get back to you within 3 working days (during busy periods this could take up to 5 working days.)
- First stage: 30 minute intro and values call with Talent Partner (Video call)
- Second stage: 60 minute CV overview with FinCrime Operations Manager and FinCrime Compliance Manager (In person) followed by a brief and informal meeting with the FinCrime team
- Final stage: 45 minute interview with the Director of Specialist Operations and the MLRO (Video call)
Our take
Capital on Tap is going against the national trend which, since the financial crash in 2008, has seen the banks dial back the amount they lend to SMEs by 50%. Yet, in that same time, the number of UK SMEs has risen by 30%.
UK SMEs are the backbone of a complex economy that is constantly changing so the need for fast and responsive access to finance is becoming more and more important to ensure their success and growth.
Capital on Tap allows British SMEs access to a credit card with up to £250,000 credit within minutes. Gone are the days when waiting up to eight weeks for a loan decision was viable.
The company has raised significant funding too, which has allowed it to expand to the US and accelerate small business growth. With the company reporting to have attracted more than 200,000 SMEs to use its service and these users have spent over £10B, Capital on Tap is certainly on track for even more success.
Steph
Company Specialist at Welcome to the Jungle
Insights
Top investors
Company
Employee endorsements
Opportunities to learn
"When I started I came from s slightly different tech stack so there were plenty of opportunities to learn new stuff. The company has many internal..."
Funding (1 round)
Oct 2021
$603.3m
LATE VC
Total funding: $603.3m
Company benefits
- Health benefits include private healthcare insurance, free therapy sessions and eye care vouchers
- Subsidised gym membership and company sports teams
- We contribute 4% to your pension (with up to 7% match) through our pension plan
- Cycle to work scheme, annual travel card loan and parking space loans for the Cardiff office
- Our London office has access to bike storage and shower facilities
- Worldwide Travel Insurance cover through Vitality
- You get 28 days of holiday exclusive of bank holidays every year
- After 4 years, you can take a 4 week paid sabbatical
- If you are a new parent, you can enjoy enhanced parental leave
- Every year, you have access to a £1000 learning budget to spend on anything that helps your development
- We also hold company knowledge sharing including show and tells and our own version of TED talks
- Our Happy Club organises monthly socials including quiz nights, scavenger hunts, and celebrations of all occasions whether it's PRIDE, religious holidays or another tradition
- You can also enjoy regular team socials to bond with your team!
- We have an array of company clubs including netball, football, and book clubs. Or start your own!
- For your first anniversary, you'll receive a reward of £250 to pilot something new in your personal life. When you reach 2 years, you will receive £500 to Be a Buddy to a loved one. The rewards just keep getting better with every year you're with us!
- Take your colleague to lunch with our 'Be a Buddy Lunch' or receive a referral bonus if you recommend your brilliant friends to join the team
Company values
- Just pilot: Our company is built on piloting new ideas, we know our job is never done. We ask questions, we figure it out. We only build what our customers want
- Be a Buddy: It’s never not my job. Tap in from day one. We do the right thing
- Why not today?: Fast is as slow as we go. Take ownership and raise the bar. Keep things simple
Articles
Leadership
Damian Brychcy
(CEO)Previously co-founded Colossus where they served as CEO. Also served as an Attorney at Kilpatrick Townsend & Stockton.
Diversity, Equity & Inclusion at Capital on Tap
Fay Sumner (Head of Talent)
- At Capital on Tap, we want to be a place where a diverse mix of talented people want to come and do their best work but most importantly feel included and be their authentic selves. We are fully focused on equality and believe deeply in diversity of race, gender, sexual orientation, religion, ethnicity, ability, national origin and all the other characteristics that make us who we are.
- We have put a lot of time into developing an inclusive recruitment strategy to ensure our hiring practices are as inclusive as possible. All hiring managers have attended inclusive recruitment training and we have introduced objective skills testing.
- When speaking to teams across the company, the majority of teams felt that we are a diverse community with a huge mix of backgrounds and many people commented it was the most diverse place they’ve worked.
- Over the last year, we have started to share our own stories and experiences. Groups across the company commented how much they have enjoyed learning from each other and educating ourselves on different areas of diversity. They also felt these talks and discussions bridge the gap between different offices and teams.
- We have celebrated and recognised pride weeks, we spent the week highlighting the culture of South Asian heritage month and have also learnt about Black History in both the US and UK and LGBTQ+ History across the world through film and book discussions.
- We have reflected on our own mental health and how to support ourselves and others. Senior leaders have spoken openly about their experiences and struggles, embedding a culture where it’s ok to speak up if or when you need support. We partnered with That Day mental health support for our UK employees so that everyone is able to access the support and help when they need it.
- Rolled out inclusive management training to all managers on how to run an inclusive and purposeful 1-on-1 and how to create belonging in distributed teams. We have recently rolled out Management on Tap training sessions with the aim to support our managers to feel confident to support their team in the best way possible.
- These commitments are just a snippet of what we have done so far and something that we regularly visit and discuss within Capital on Tap as we know our job is never done. We continuously challenge ourselves to ensure we are taking the right approach, to ensure that we are and continue to be a diverse and inclusive place to work.
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