FinCrime Compliance & Assurance Officer, Chip
£50-60k
+ Discretionary Performance-Related Annual Bonus
More information about location
2-3 days a week in office (Shoreditch, London)
Savings and investment app
Be an early applicant
Savings and investment app
201-500 employees
Be an early applicant
£50-60k
+ Discretionary Performance-Related Annual Bonus
More information about location
2-3 days a week in office (Shoreditch, London)
201-500 employees
Company mission
To build wealth for our generation.
Role
Who you are
- You’ll have around 5 years' of financial crime experience, including at least half that time in a 2LoD role. We will consider strong candidates with less experience where they can demonstrate genuine depth across compliance monitoring, assurance, and FC operations oversight. Experience across both lines of defence experience are required
- Experience in a retail savings, investment, or wealth management environment is advantageous, particularly where this has involved exposure to complex customer risk profiles and the financial crime risks associated with investment and wealth products
- Thorough, hands-on knowledge of the UK Financial Crime regulatory framework
- Proven experience conducting compliance monitoring and assurance reviews, including control testing methodology, sampling, and findings reporting
- Experience contributing to enterprise-wide risk assessments with an understanding of inherent risk, control assessment, and residual risk conclusions
- Direct experience with SAR drafting, review, and escalation decisions
- Working knowledge of KYC controls, PEP and sanctions screening processes, EDD obligations, and high-risk customer processes
- Excellent communication as well as strong MI and data skills. Comfortable building and presenting management information and findings in a way that tells a clear story
- Organised and self-directed, with the ability to manage multiple workstreams and deadlines independently
- ICA, CAMS, or equivalent professional qualification is desirable, though not essential if experience is strong
- Comfortable using or implementing AI tools in a compliance context and a strong interest in developing skills as this technology progresses
- We’re looking for someone who’s genuinely excited about Chip and energised by the opportunity to help build the future of wealth, making saving, investing and pensions simpler and more accessible for everyone
- Alongside the technical side, we’ll be looking for empathy, self-awareness, sound judgement, resilience and a collaborative mindset. People who are good to work with, especially when things get hard
What the job involves
- This is a senior second-line-of-defence (2LoD) position within Chip’s small Financial Crime Compliance function
- You will own end-to-end compliance monitoring and assurance, provide expert advisory to our first-line operations teams, and play a pivotal role in how we identify, assess, and mitigate financial crime risk across our growing portfolio of savings and investment products
- Reporting directly to the MLRO / Head of Financial Crime Compliance, you will be a capable, growing specialist - someone who can work with real independence, communicate risk clearly, and contribute meaningfully to improving Chip’s control framework across all areas of financial crime risk
- Execute Chip’s Financial Crime Compliance Monitoring Plan end-to-end, across AML, fraud, sanctions, PEPs, and broader financial crime controls - including scoping, fieldwork, control testing, reporting, and issue tracking through to closure
- Apply data analytics and AI-assisted tooling confidently across your monitoring work - using them to sharpen coverage, improve efficiency, and raise the quality of findings
- Produce clear, well-evidenced assurance reports with actionable findings for relevant governance forums
- Contribute to enterprise-wide risk assessments (EWRA), supporting the assessment of inherent risk, control effectiveness, and residual risk across Chip’s product and customer base
- Identify and flag control gaps, contributing to recommendations for improvement and supporting the tracking of remediation actions through to completion
- Support horizon scanning activity with gap analysis, monitoring regulatory developments and emerging financial crime typologies relevant to Chip’s risk profile
- Review and assess internal Suspicious Activity Reports (SARs) and escalations referred from first-line teams, providing quality assurance on escalation decisions prior to MLRO escalation for sign-off
- Assist with the handling of Law Enforcement Agency (LEA) requests, supporting the preparation of timely, accurate, and appropriately documented responses
- Maintain meaningful MI to track financial crime risks, control performance, and monitoring outcomes - building AI-assisted reporting where it adds efficiency and clarity
- Contribute to the MLRO Annual Report, including drafting sections on financial crime risk, control environment, and assurance activity
Application process
- We usually respond within three days
- Video screen with someone from our Talent team
- Case study
- Video interview with the hiring manager and case study run through
- Final interview with Chief Risk & Compliance Officer
Salary benchmarks
Our take
Chips offers a free app designed to make saving as easy as spending. Utilising an AI-driven system, the app calculates how much users could save, provides an option to decline, and automatically transfers the selected amount to the user's Chip account, streamlining the saving process.
Chip's popularity has seen some pretty rapid growth too, with users collectively saving more than £800M through the platform. Recently, the company completed a £6M funding round at a valuation of approximately £208M, backed by Channel 5 Ventures alongside its large base of retail investors. Since launching, Chip has raised around £48M through crowdfunding, with nearly 30% of the business owned by everyday investors.
Alongside its funding success, Chip has continued to refine its platform with automated savings tools, tailored investment portfolios, and educational features designed to make wealth-building more accessible. With this fresh capital and growing brand visibility, the company is most certainly going to be a serious force in the increasingly competitive digital wealth management market.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 12 rounds)
Sep 2025
$22.7m
LATE VC
Dec 2023
$6.8m
LATE VC
Total funding: $107.1m
Company benefits
- 28 Days of Holidays - Plus Public Holidays: Take 28 days to unwind and recharge, plus all public holidays! We prioritize your work-life balance so you can enjoy life outside of work. 🌟
- Private Healthcare with Bupa - Your Health, Our Priority: Get comprehensive care with Vitality's private healthcare, where your medical history is disregarded, ensuring peace of mind whenever you need it.
- Chip Fitness Benefits - Your Wellbeing, Your Way: Support your fitness and mental wellbeing with access to classes, programs, and personal goals. We've got you covered!
- Employee Assistance Programme - We've Got Your Back: Access confidential support for personal or work challenges, including mental health resources and practical advice. We've got your back!
- Hybrid Working - Flexibility at Its Best: Work in the office 3 times a week, blending in-person collaboration with the comfort of home.
- Investing in Your Growth: We support your development with an annual training budget for courses, workshops, or conferences to help you advance your career.
- Pension: We invest in your future with a workplace pension scheme, contributing 5% on earnings up to £50,000. Plan ahead with confidence while you grow your career!
- Company Laptop - Work Anytime, Anywhere: Get a company laptop to stay productive on the go, wherever you are!
- Working Away Policy: Work from anywhere outside the UK for up to 90 days – take your job on the go!
- Cycle to Work Scheme - Ride in Style: Enjoy the Cycle to Work Scheme and pedal your way to a healthier, greener commute.
- Season Ticket Loan
Company HQ
London, UK
Leadership
Simon Rabin
(Co-Founder & CEO)Prior to co-founding Chip in 2017, Simon co-founded Roamer. They were also a Director at Txt2buy and a Marketing Manager at Unibutler.
Alex Latham
(Co-Founder & CMO)Alex previously worked in Marketing at Maxim and as the Head of Growth at Pineapple Punk.
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