Financial Crime Manager, Enfuce
+ Employee stock option program
Card issuing and processing solutions
Job no longer available
Card issuing and processing solutions
101-200 employees
Job no longer available
+ Employee stock option program
101-200 employees
Company mission
To bring together the brightest mind and best technology to drive meaningful change in the world.
Role
Who you are
- Understanding of the payment services and e-money sector, card schemes and card issuing, and the BIN Sponsorship operating model
- Knowledge of UK electronic money and payment services regulation, including FCA requirements
- Strong understanding of the UK/EU law on money laundering, terrorist financing and sanctions
- Strong analytical skills, with the ability to assess complex regulatory and risk-related issues
- Excellent communication and interpersonal skills, including the ability to work collaboratively, provide feedback and challenge in a constructive manner, and work with a diverse range of stakeholders
- High levels of attention to detail
- Ability to understand the broader business context and identify the interconnections between various moving parts
- Anticipate the needs of the team and the business, taking proactive steps to maintain a strong compliance position by solving problems as they arise, or escalating for decisions in a timely manner
- Take personal pride in producing high quality deliverables
What the job involves
- The purpose of this role is to support Enfuce in maintaining a robust second line of defence financial crime function that can provide advice, challenge, and oversight to the business
- Through the effective execution of this role, you will support Enfuce to ensure it identifies financial crime risk and has a commensurate control environment in place to protect the Enfuce and its customers
- Maintain Enfuce’s financial crime policies
- Ensure relevant teams have received adequate training on fraud and financial crime
- Take responsibility for performing the financial crime Business Wide Risk Assessment, including working with first line business units to address control deficiencies
- Maintain a risk based compliance monitoring plan, and perform detailed and insightful compliance monitoring reviews
- Work with the MLRO to articulate Enfuce’s financial crime risk appetite statements and
- Ensure the quality of data being reported by both first line departments and the second
- Line Risk and Compliance Team is sufficient
- Support first line business units to understand the risk inherent in products and customer
- Use cases, either at onboarding and scoping, or proactively as part of product
- Development
- Provide independent challenge of new or revised customer due diligence (CDD), transaction monitoring, and sanctions systems
- Maintain and test the effectiveness of the Financial Crime Framework
- Ensure we have appropriate controls in place to manage bribery and corruption risk, for
- Example by maintaining a gift and entertainment register
- Support with the maintenance of a PEP register
- Review and provide second-line oversight of escalated PEP cases, ensuring appropriate risk classification, enhanced due diligence, and periodic review in line with Enfuce’s risk appetite and policies
- Review and provide second-line oversight of sanctions alerts and investigations, confirming that screening processes, alert dispositions, and escalations are appropriately handled, documented, and compliant with applicable sanctions regimes
- Ensure Enfuce stays up to date with regulatory changes, and work with first line of defence business units to ensure the business is prepared to comply
- Keep our suspicious activity reporting log up to date, and when notifications are made
- Support the MLRO in investigating notifications and submitting reports to law
- Enforcement
- Ensure Enfuce maintains an appropriate country risk assessment
- Coordinate responses to external authority requests e.g. production orders or requests
- From law enforcement
- Support the MLRO in producing the annual financial crime board report
- On an intra-group basis, you will be required to provide risk and compliance support to
- Enfuce’s other group entities
- Supporting all other reasonable tasks at the discretion of Enfuce
Salary benchmarks
Our take
The rise of open banking has allowed fintechs to provide more personalised customer experiences, but setting up these systems requires specialists. It can also be difficult for smaller companies to provide more simple services such as fast card issuing and payments, reducing their ability to compete with other financial services.
Enfuce provides card issuing and payment services, helping clients to launch feature-rich payment cards that are secure, compliant, and quick to deploy. The company also helps businesses set up open banking systems, allowing customers to share their financial data to facilitate the creation of personalised financial tools.
Whilst many companies provide cards and open banking financial tools, this often requires complimentary infrastructure and software engineers - resources that many businesses are unable to access. Enfuce has been smart to offer a suite that allows any business to rapidly deploy cards and financial services, and continues to forge impressive partnerships as it doubles down on this core goal.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Nov 2023
$9.4m
LATE VC
Dec 2021
$52.8m
SERIES C
Total funding: $82.3m
Company benefits
- Extended healthcare and insurance: We offer occupational healthcare and well-being programmes in all locations, including mental well-being coaching. The specific programmes might vary depending on your location
- Flexible paid time off: We offer a flexible paid time off policy, providing up to 5 weeks of annual vacation days and paid family leave (subject to country regulations). Additionally, you can benefit from hybrid or remote work options, promoting a healthy work-life balance
- Regular fun with your team: To spend other than work-related time with your teammates, you get a team activity budget for three quarters a year. The fourth quarter is reserved for a company-wide event
- Individual learning budget: You get a yearly learning budget to use for courses and other relevant learning opportunities that help you develop your skills
Company HQ
Espoo
Leadership
Denise Johansson
(Co-Founder & Co-CEO)Experience as Head of Project Management for Aktia. Banking Specialist, Head of SWIFT Service Bureau, and Project and Business Manager for Crosskey from 2007 to 2016.
Monika Liikamaa
(Co-Founder & Co-CEO)Director of Crosskey Banking Solutions from 2011 to 2016. Experience as Director of Cards and Payments for Aktia.
William Ekström
(Co-Founder & Chief Architect)Developer for Opera Software form 2002 to 2008. Developer, Application Manager, Business Development Manager, and Lead Architect for Crosskey Banking Solutions from 2008 to 2016.
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