Financial Crime Compliance Associate, Lendable
+ Equity
More information about location
3 days a week in office (Shoreditch, London)
Fintech Unicorn - Lending Platform
Open for applications
Fintech Unicorn - Lending Platform
201-500 employees
Open for applications
+ Equity
More information about location
3 days a week in office (Shoreditch, London)
201-500 employees
Company mission
To make consumer finance amazing: faster, cheaper and friendlier.
Role
Who you are
- Proven experience in the financial services sector, with a strong understanding of industry best practices and regulatory frameworks; familiarity with retail banking or FinTech is highly desirable
- Educated to degree level or holding a relevant compliance qualification (e.g., ICA Certification in Financial Crime or AML/CTF)
- Possesses a strong work ethic, sound judgment, and the ability to make well-informed decisions
- Exceptional communication skills, both written and verbal
- Comprehensive knowledge or willingness to learn about Financial Crime guidance and regulation including; the FCA Handbook, particularly the Financial Crime Guide, and the JMLSG Guidance
What the job involves
- Reporting to the Financial Crime Risk Manager, you will play a pivotal role in Second Line Assurance, conducting comprehensive end-to-end control testing to strengthen Lendable’s defences against Anti-Money Laundering (AML), Terrorist Financing, Proliferation Financing, Sanctions, and Anti-Bribery and Corruption
- As part of a close-knit team, you’ll have the chance to shape your role and advance your career as the business continues to grow
- Accountability for identifying, assessing, and managing financial crime risks. This includes ensuring that risks are clearly documented and understood at all levels
- Ensuring that processes are carried out effectively to detect and prevent financial crime through the creation of robust assurance processes and effective oversight
- Working closely with the second line (risk and compliance teams) to ensure a cohesive approach to risk management and ensuring that the organisation meets all regulatory expectations and is prepared for audits or reviews
- Ensuring that policies, procedures and governance documents are in place and align with the firm's financial crime framework
- This role requires an understanding of regulatory expectations, as well as the ability to adapt to a fast-paced environment where financial crime risks are constantly evolving
- The objective of the second line Financial Crime Function is to provide independent oversight, guidance, and challenge to ensure that the firm effectively manages financial crime risks, such as money laundering, fraud, and terrorist financing. Its primary role is to ensure that appropriate risk management processes are in place and functioning as intended, while also ensuring compliance with relevant regulations
- The team maintains strong working relationships across almost all areas of the firm and collaborates effectively to achieve its goals
- Offer guidance and support to the first line of defence on matters related to financial crime)
- Conduct quality assurance (QA) reviews of high-risk processes to ensure alignment with established policies
- Compile regular QA reports, highlighting key findings and outlining remedial action plans
- Contribute to the annual financial crime risk assessments to maintain the effectiveness of the control framework
- Conduct gap analysis against Dear CEO letters and FCA fine reviews
- Deliver prompt and accurate responses to financial crime-related queries directed to the Second Line Team
Application process
- A quick phone call with one of the team
- A task to complete (this will take no longer than an hour)
- Video Interview with the Financial Crime Risk Manager to discuss your task
- Video Interview the Director of Enterprise Risk
Salary benchmarks
Our take
Lendable competes with banks, other lenders, and consumer finance companies to provide loans, credit cards and car financing to consumers. Streamlining the loan application process, the company cuts personalised rates and fund transfers from days to minutes.
Lendable believes it can win in this crowded field due to its market-best customer service and strong financials. Part of its success is due to its funding coming from institutional investors. Lendable originates and services its loans on behalf of institutional investors, but doesn't hold them on its own balance sheet.
Growing insolvencies will worry all lending platforms, but Lendable looks well-placed to weather any credit storm given its substantial debt financing. In 2023, it launched two new products in the US, signifying its growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Challenging work
"At Lendable I'm in a position to make decisions and engineer solutions on a product that's worth billions and growing all of the time. This brings..."
Funding (last 2 of 3 rounds)
Mar 2022
$279.5m
GROWTH EQUITY VC
Sep 2017
$6.5m
SERIES A
Total funding: $289.4m
Company benefits
- Cycle to Work scheme
- Onsite Yoga
- Lunch cooked by onsite chefs 3 times a week
- 25 days holiday (excl. bank holidays)
- Work from home opportunities on Monday and Friday
- Private Health Insurance (inclusive of dental and pre-existing conditions)
- Share Options for all Employees
- Regular team and company wide socials
- Pension
Company HQ
London, UK
Articles
Leadership
Martin Kissinger
(Co-Founder & CEO)Studied Economics as an undergraduate at LSE before doing an MPhil at Oxford University. Worked as an Entrepreneur in Residence at Rocket in Berlin.
Paul Pamment
(Co-Founder)Studied Mathematics at Oxford University before taking up technical roles at a handful of startups.
Jakob Schwarz
(Co-Founder)Worked as an Analyst at Goldman Sachs and then BCG before founding Lendable.
Victoria van Lennep
(Co-Founder)Worked as the Deputy Editor at the Economist before joining Martin Kissinger to co-found Lendable!
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