Compliance Analyst, Modulr
Refresh Audit
+ Share Options Incentive Scheme + Company Bonus
4+ days a week in office
API payments infrastructure for B2B payments
Job no longer available
API payments infrastructure for B2B payments
201-500 employees
Job no longer available
+ Share Options Incentive Scheme + Company Bonus
4+ days a week in office
201-500 employees
Company mission
Managing payments can be complex and time-consuming. With Modulr, our mission is to securely embed payments and accounts into your platform for higher efficiency, a smoother experience and more time to grow your business.
Role
Who you are
- You are driven by a passion for safeguarding the business while enabling rapid growth
- You thrive in dynamic environments, rolling up your sleeves to tackle tasks and achieve team and business objectives
- Confident and knowledgeable, you understand company policies and procedures and excel at assessing performance against them
- You are skilled at guiding clients/partners, providing clear recommendations, and suggesting meaningful amendments to policies and procedures when necessary
- Taking ownership of compliance processes excites you, and your are committed to ensuring these processes evolve to keep the business, partners, and clients operating at their best
- Highly organised and structured, you balance immediate compliance tasks and investigations wits longer-term strategic projects
- You are adaptable and comfortable working in an early-stage business where priorities shift, and time is of the essence
- Analytical by nature, you assess risks thoroughly and define effective controls, clearly communicating findings, effectiveness, and any potential gaps to stakeholders
- Your inquisitive mind drives a proactive approach to problem-solving and resolving issues
- You are self-motivated and thrive when working independently in a fast-paced setting
- Sharing your expertise and ideas to improve processes and outcomes is something you genuinely enjoy
- You have a strong interest in FinTech and financial crime, bringing curiosity and passion to your work
- A (high-level) understanding of local regulations such as the Wetter voorkoming van witwassen en financieren van terrorisme (Wwft), Sanctiewet 1970 and Wet op het financieel toezicht (Wft)
- This knowledge is important to ensure compliance with Dutch financial laws and to effectively manage regulatory risks (together with a 2nd line team)
- You enjoy self-leading and working independently when required in a fast-paced, constantly changing environment
- You enjoy sharing your knowledge and sharing your ideas about how we can improve
- You have a strong interest in FinTech and financial crime prevention within this sector
- Strong awareness of current Refresh or Audit Procedures and ability to identify issues for these through analysis
- Experience working as part of an Audit or Customer Due Diligence Team within financial services
- Awareness of the regulatory landscape Modulr operates in including Dutch regulations such as Wwft, Sanctiewet 1970 and Wft
What the job involves
- The Compliance Analyst is responsible for leading and managing ongoing CDD & Compliance Audits and Assessments of Modulr’s clients
- Working in the First Line Risk & Compliance Function, the team are responsible for mitigating risks to Modulr as they relate to the provision of our services as an Electronic Money Institution, with a heavy focus on AML, CTF and Sanction control frameworks, but also considering other key aspects such as proposition, consumer duty and value to the market where applicable
- With the regulatory environment continuously evolving, we are looking for someone who displays a keen sense of professional curiosity and willingness to review and consider all compliance aspects as set out in the regulations, providing support and advice to other teams within the business
- As a team in a growth phase, this is a great opportunity for someone to help shape and deliver a market-leading proposition
- This is a varied role in which you will conduct risk and compliance checks and go beyond checkbox exercises while performing in-depth audits on Modulr’s customers
- You will receive training but eventually, you will run these autonomously, drawing upon your analytical, communication and risk evaluation skills
- This is an opportunity to be a part of our Amsterdam team, as we continue our growth into Europe while working closely with stakeholder in our other offices in Edinburgh and London
- Conducting client risk assessments
- Conducting customer due diligence (including Simplified and Enhanced Due Diligence)
- Performing partner audits (internal and external)
- Engaging with Modulr colleagues across the business and external stakeholders
- Screening for politically exposed persons and sanctioned individuals
- Reviewing policies and procedures and recommending amendments or changes to these in line with Modulr compliance requirements
- You will be part of a cross disciplinary team(s), with co-workers located in Edinburgh, London, Amsterdam, India, France and Spain. We are friendly and sociable, challenging but rewarding
Our take
Modulr operates in the payments space for digital businesses and provides a Payments as a Service API Platform. B2B transactions processed by pureplay digital operators will reach $14 trillion by 2023, up from $6.7 trillion in 2018, so it's playing in a huge market.
The Modulr platform delivers a fully integrated service providing a fast, easy and reliable digital alternative to processing payments via traditional business and corporate banking.
It has partnered with large finance companies like Sage, which gives it a great distribution channel to sell their services to SMEs.
Modulr is already moving billions of pounds for businesses across many different industries. The total value of payments in and out of Modulr’s platform exceeds £10bn a month.
Kirsty
Company Specialist at Welcome to the Jungle
Company
Employee endorsements
My opinions are valued
"My opinions are genuinely valued, and there’s plenty of space to share ideas and be heard. People actually listen and consider different ideas. It..."
Funding (last 2 of 6 rounds)
May 2022
$109.3m
SERIES C
Nov 2020
$11.9m
LATE VC
Total funding: $191.5m
Company benefits
- Share options - meaningful equity so you can share in the growth of Modulr
- £1000 to spend on a variety of benefits, flexible for you to choose based on your interests and needs
- 33 days holiday (including bank holidays), with flexibility to choose which days you take off
- An additional day's holiday for your birthday
- Holiday trading, up to 5 days per year
- Pension and life insurance
- Enjoy freebies and discounts on many products and services, through our Perkbox partnership
- Cycle to work and e-bike rental schemes
Company values
- Own the Opportunity - responsible and accountable, we keep pushing ourselves and each other forward.
- Move at Pace - with a bias for action, informed debates and data-driven decisions power our progress.
- Build the Extraordinary - we're here to transform an industry and solve complex problems.
- Achieve it Together - we support each other, share constructive feedback and embrace positive challenge.
Company HQ
Shepherd's Bush, London, UK
Articles
Leadership
Myles Stephenson
(CEO)Experienced executive, with 6 years at M&S, 7 years at Retail Decisions Plc, 5 years as CEO at CorporatePay and 2 years as Managing Director at WEX Europe.
Ritesh Tendulkar
(CIO)20 years of experience in software, including 3 years as Head of Software at WEX Europe and 1 year as ClearScore's Technical Lead.
Salary benchmarks
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Diversity, Equity & Inclusion at Modulr
- We believe that diversity is essential to our success and welcome individuals from all backgrounds, experiences, and perspectives to join our team. If you share our values and enjoy working in a dynamic and exciting environment, we encourage you to explore our available positions and join us in shaping the future of Modulr
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