Compliance & Money Laundering Reporting Officer, Marqeta
More information about location
Modern payment & card issuing solutions
Job no longer available
Modern payment & card issuing solutions
1001+ employees
Job no longer available
More information about location
1001+ employees
Company mission
To be the global standard for modern card issuing, empowering builders to bring the most innovative products to the world.
Role
Who you are
- You have a passion for developing and implementing strong compliance programs
- The successful candidate is a smart, ambitious, and experienced leader who can craft compelling narratives for Marqeta’s global compliance programs, understands the regulatory requirements across multiple jurisdictions, including the US, UK, and Europe
- Ideally 10+ years of relevant experience, preferably within a regulated payment firm (e.g. E-Money Issuer), in: AML/CFT Compliance and Regulatory Management
- Previous experience as an MLRO or Deputy MLRO or demonstrable experience in a similar role
- Knowledge of the UK and EU AML/CTF legal and regulatory framework, including the Proceeds of Crime Act 2002, Terrorism Act 2000, UK Money Laundering Regulations 2017 and EU 6th Anti Money Laundering Directive, as well as international AML and CTF standards (e.g. FATF Recommendations) and their application to payment services in the UK and EU
- Knowledge of current and emerging UK and EU payment systems regulation (e.g. PSD2 and 2EMD) and supervision within the UK/EU and ability to operationalize into a robust compliance programme
- Experience of communicating and interacting with external regulatory bodies in the UK and/or the EU
- Attention to detail and the ability to prioritize and deliver in a fast paced and dynamic environment with a high degree of personal accountability, quality, accuracy, integrity and trust
- Analytical and problem solving experience with a strong focus on quality assurance of output
What the job involves
- As Marqeta’s Compliance Officer and Money Laundering Reporting Officer (MLRO) in the UK, you will report to Marqeta’s Chief Compliance Officer and be the first hire in Europe to build and lead our UK and EU compliance team
- This is a highly cross-functional and strategic role that requires strong partnerships with our Go to Market, Product Management, and Legal teams as well as our bank partners to conceive and execute a strategy that ensures compliance while supporting innovation
- You will serve as the MLRO in the UK but will also be responsible for building a team to perform compliance activities globally
- Develops appropriate policies and procedures to support the product vision of Marqeta and our customers, and works cross-functionally to drive unified messaging and positioning within the organization and with our partners
- You will be a leader within the Risk & Compliance organization, driving thought leadership, supporting the development of global compliance policies and implementing AML compliance programs
- You will be a trusted subject matter expert working closely with your internal and external partners to establish an efficient, scalable and effective program that identifies and mitigates risks while enabling growth
- Serve as the Money Laundering Reporting Officer (MLRO) in the UK, ensuring effective implementation of Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) policies and standards
- Develop and maintain a robust compliance framework that aligns with regulatory requirements and industry best practices across the UK and EU, including establishing and maintaining risk-sensitive policies and procedures and controls to enable Marqeta to identify, manage, monitor and report any financial crime risks to which it may be exposed
- Ensure that Marqeta has in place effective systems and controls to identify, assess, monitor and manage money laundering risk and sanctions risk and exposure, associated with Marqeta’s customers and business activities in the UK and EU
- Respond to changes in relevant laws, regulations, and identify impacts across the enterprise. Adjust policy as necessary, and coordinate with relevant stakeholders to provide training and guidance on implementation
- Support payment service license applications within the UK and EU
- Provide strategic advice to the business teams on product and geographic expansion initiatives in the UK and EU, while mitigating risk
- Provide support and guidance to the business lines on AML/CFT compliance policy, regulatory interpretation, and implementation
- Continuously improve standard compliance policies and processes to help scale the compliance function
- Collaborate with cross-functional teams across all lines of defense, including the Business Operations, Legal, Risk Operations, and Internal Audit teams, to ensure a cohesive and integrated approach to compliance
- Work in partnership with other members of the Risk & Compliance and Legal teams
- Develop and deliver compliance training, including AML/CFT training, to enhance awareness and understanding of compliance obligations
- Partner with Marqeta’s other Compliance Officers and personnel to build a global compliance program
- Establish and maintain effective relationships with external regulatory bodies, industry associations, and other relevant stakeholders
Application process
- Recruiter For This Role:
- Louise Devlin
- Typical Process:
- Application submission
- Recruiter phone call
- Hiring manager video call
- Virtual “Onsites” consisting of 6 x 45 min calls
- Offer!
Salary benchmarks
Our take
Marqeta processes payments quickly, offering businesses a more straightforward way to take customer payments with its physical and virtual card solutions. The company has a string of major companies utilizing its flexible and scalable platform, including Uber, Doordash and Square.
The company is rapidly expanding in Europe, with strong growth in processing volumes and new partnerships, including major collaborations with firms like Trade Republic. It also partnered with Visa and Affirm to introduce the Visa Flexible Credential, allowing users to access multiple payment methods on one card.
With a focus on global growth and delivering innovative financial services, Marqeta is targeting new verticals and supporting underbanked businesses. With this aim, the company is on its way to deepening its impact in the fintech space and driving further innovation in payments.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 9 rounds)
May 2020
$150m
LATE VC
May 2019
$250m
SERIES E
Total funding: $542.5m
Company benefits
- Praise: We believe in generously recognizing each other’s talents and contributions, and sharing the goodness we see
- Health and wellness: We cover your premiums for health, dental, and vision. Plus, your pet gets his/her/its own insurance, on us
- Flexible time off: We take time to relax and recharge when needed. We have unlimited time off for most employees and encourage an average of 5 weeks per year
- Marqeta paid family leave: We support all families. We offer 12 weeks of paid leave for all new parents and up to 20 for birthing parents. We also offer 4 weeks of caregiving leave
- 401k match: We invest in your future. We’ll match 50% of your contribution and up to 6% of your salary
- Meaningful equity: As owners of the company, we’re all in this together. Full-time employees will receive equity in Marqeta
- Giving back: We recognize we’re part of a larger community and encourage employees to donate their time and expertise to organizations they support
- Monthly stipend: You’ll get an additional monthly stipend on your paycheck to help fund your daily commute, cell phone, and/or internet connectivity
- Stock discount: The Employee Stock Purchase Program allows employees to buy discounted company stock
Company HQ
Northgate - Waverly, Oakland, CA
Leadership
Jason Gardner
(Founder & Board Member)Having studied at Arizona State University, worked in Management for Benettar Marble & Granite, NetManage and Gartner Group. Then founded PropertyBridge and spent 2 years at MoneyGram before founding Marqeta as CEO in 2010.
Mike Milotich
(CEO)Spent a decade at VISA, ultimately serving as SVP (Head of Corporate Finance and Investor Relations). Was also Commercial Analytics Lead for PayPal and a Senior Financial Analyst at Barclays Global Investors.
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