Corporate Onboarding Associate, Modulr
Direct and Partner Client Onboarding
Offers share options and company bonus
4-5 days a week in office
API payments infrastructure for B2B payments
Posted today
API payments infrastructure for B2B payments
201-500 employees
Posted today
Offers share options and company bonus
4-5 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
- The successful Corporate Onboarding Associate will have a track-record in delivering results in a fast-moving scaling business and hence you must be comfortable with change and uncertainty
- 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)
- Previous experience in a compliance role, ideally in corporate onboarding across various sectors and jurisdictions
- Regulatory Interactions: Experience performing AML and Compliance audits and successfully managing remediation of findings
- Direct experience in Corporate Onboarding Client Due Diligence [KYB] –or refresh experience; ideally with direct exposure to enhanced risk assessment in a corporate onboarding environment & / or European Corporate Client Due Diligence [KYB]
- Ability to analyse complex data sets and identify trends or anomalies. Problem-Solving: Strong problem-solving skills to address compliance issues effectively
- Meticulous attention to detail to ensure accuracy in compliance documentation and reporting. Risk Identification: Ability to identify potential compliance risks and implement mitigation strategies
- Strong verbal and written communication skills to articulate compliance issues and requirements
- Stakeholder Engagement: Ability to interact effectively with various stakeholders, including clients, senior management and colleagues
- High ethical standards and the ability to make decisions that uphold the integrity and reputation of the organisation
- Confidentiality: Maintaining confidentiality of sensitive information
- Organisational Skills: structured and organised, able to handle the competing pressures of immediate compliance tasks and investigations alongside longer term projects
- Time Management: Effective time management skills to meet deadlines and prioritize tasks
- Taking ownership of compliance processes, whilst ensuring that they evolve so that the compliance programme continues to be aligned to the business’s growth plans
- Strong decision-making capabilities, especially in high-pressure situations
- Ability to assess the impact of regulatory changes on the organisation and develop strategies to address them
- Innovative Solutions: Developing innovative solutions to compliance challenges
- Passionate about protecting the business, whilst also supporting rapid growth
- Ability to adapt to changing regulatory environments and organizational needs
- Staying resilient in the face of challenges and setbacks
- These attributes help ensure that a Senior Compliance Analyst can effectively manage compliance risks and contribute to the overall integrity and success of the organization
- 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 Corporate Onboarding Associate is responsible for owning and managing CDD & Compliance Assessments of our more complex clients
- Working in the First Line CDD Operations 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 an ever-changing regulatory environment, we are looking for someone who displays a keen sense of professional curiosity and willingness to review and consider all aspects of compliance as set out in the regulations, providing support and advice to other teams within the business
- As a team in phase of growth, this is a great opportunity for someone to help shape and deliver a market leading proposition
- Performing Client Risk Assessments
- Corporate Onboarding - Customer Due Diligence (including Simplified and Enhanced Due Diligence)
- Performing Partner Audits (Internal and External)
- Stakeholder Engagement (Internal and External)
- Screening for Politically Exposed Persons and Sanctioned Individuals
- Reviewing Policies and Procedures and recommending amendments or changes to these documents in line with Modulr compliance requirements
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
$105.2m
SERIES C
Nov 2020
$11.5m
LATE VC
Total funding: $184.5m
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
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
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
Share this job
View 10 more jobs at Modulr