Risk and Compliance Operations Manager, Enfuce
Card issuing and processing solutions
Job no longer available
Card issuing and processing solutions
101-200 employees
Job no longer available
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
- Solid experience in risk, compliance, or financial crime roles, preferably within the payments sector
- Understanding of risk management principles, including the first and second lines of defence
- Relevant professional qualifications in risk, compliance, or financial crime are highly desirable
- Comprehensive knowledge of the payment services industry, including e-money, card schemes, card issuing, and the BIN Sponsorship model
- Excellent communication skills, both written and verbal
What the job involves
- It is an exciting time to join our BIN Sponsorship team as Risk and Compliance Operations Manager and help shape our processes as we begin to grow our customer base
- The Risk and Compliance Operations Manager will lead our efforts in managing risks and ensuring compliance across our operations
- This position is crucial for developing a critical part of our business, offering the successful candidate significant exposure and career development opportunities
- Working closely with our Head of Risk and Compliance Operations, the role holder will be instrumental in implementing our risk and compliance framework, embodying integrity, and being proactive in identifying and communicating risks and compliance issues in an easily understandable manner
- Conduct and manage Know Your Business (KYB) assessments to ensure they adhere to compliance standards and requirements
- Apply and refine our customer risk scoring methodology to ensure accurate risk assessments across our customer base
- Perform detailed due diligence on potential customers, evaluating their business models, use cases, financial health, and potential reputational risks
- Oversee regular and ad-hoc reviews of current customers for compliance with company policies and regulatory standards
- Monitor and report on key performance indicators (KPIs) within the team, identifying and addressing any issues, and escalating concerns as necessary
- Compile and present reports on customer data and trends, identifying any potential risks or compliance issues to senior management
- Produce detailed risk reports focusing on areas such as fraud, financial crime, regulatory compliance, and financial stability
- Contribute to the development and execution of remediation plans for customers falling short of compliance standards, and monitor progress
- Assist in the enhancement of operational processes related to risk and compliance management
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
$9.3m
LATE VC
Dec 2021
$51.9m
SERIES C
Total funding: $80.9m
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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