Financial Crime Analyst, Modulr
Screening
+ Share Options Incentive Scheme + Company Bonus
4-5 days a week in office
API payments infrastructure for B2B payments
Be an early applicant
API payments infrastructure for B2B payments
201-500 employees
Be an early applicant
+ Share Options Incentive Scheme + 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
- A (high-level) understanding of local regulations such as the Wet ter 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 2nd line team)
- Be a subject matter expert in Screening in the EU
- You are passionate about protecting the business, whilst also supporting rapid growth
- You love rolling up your sleeves and doing whatever is required to achieve the goals of the compliance team and wider business
- You are excited about the prospect of supporting the lead analyst in improving and evolving existing compliance processes to ensure the compliance programme continues to be aligned to the business’s growth plans
- You are structured and organised and able to handle the competing pressures of compliance tasks and investigations from several different workstreams
- You are comfortable working in an early-stage business, where time is critical, and things change frequently
- You are analytical and inquisitive by nature
- You can structure investigations in a clear and concise manner
- You have an inquisitive mind and proactive approach to problem solving and issue resolution
- 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 Money Laundering Modus Operandi and ability to identify these through transactional analysis
- Experience working as part of a Screening and/or Transaction Monitoring Unit within financial services
- Experience of completing as well and peer reviewing Unusual Activity/Transaction Reports (UAR/UTRs)
- Awareness of the regulatory landscape Modulr operates in including Dutch regulations such as Wwft, Sanctiewet 1970 and Wft
- Use of industry guidance material from FATF/JMLSG
- ICA qualifications (or equivalent)
- Intermediate Excel skills
What the job involves
- The first line Risk & Compliance function executes processes to mitigate financial crime risks to Modulr relating to Money Laundering/Terrorist Financing, Fraud, Sanctions, Anti-bribery & Corruption
- This role is focussed on the screening of customers and transactions for risks associated to PEP’s, sanctions, adverse media, fitness/probity, and other warnings from regulators, ensuring that any such risks are identified and mitigating actions taken in line with Modulr’s regulatory obligations and AML Policy
- As we are a small team, this is a hands-on role; you will need to be comfortable handling complex cases and using your own initiative to solve problems and drive continuous improvements in the team’s processes
- 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
- Investigating both customer and transaction related alerts generated from our diverse customer base
- Reporting suspicious activity internally to the Compliance Officer
- Supporting financial crime prevention across the wider business and Modulr partnerships and ensuring Modulr’s agents, distributors and outsourced service providers are also performing screening to the required standard
- Support with external reporting to enforcement agencies such as FIU NL / DNB where required and in line with Modulr’s regulatory responsibilities
- Analysis and insight into current trends, themes, and overall control effectiveness
- Stakeholder Engagement (Internal and External)
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
Insights
Few candidates hear
back within 2 weeks
43% female employees
0% employee growth in 12 months
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
$104m
SERIES C
Nov 2020
$11.3m
LATE VC
Total funding: $182.3m
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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