UK AML Operations Team Lead, Raisin
2 days a week in office
Open banking for deposits and savings
Job no longer available
Open banking for deposits and savings
501-1000 employees
Job no longer available
2 days a week in office
501-1000 employees
Company mission
To break down barriers and facilitate a transparent single market for savings and investment products.
Role
Who you are
- Proven track record of managing AML/financial crime operational teams within a UK FCA-regulated financial institution (this role is suitable for experienced leaders in the area)
- Bachelor's degree in finance, business, law, or a related discipline. A relevant professional certification (e.g. CAMS, ICA Diploma, or equivalent) is highly desirable
- Proven hands-on experience managing the end-to-end Suspicious Activity Reporting (SAR) process, including investigation, decision-making and timely submission to law enforcement
- Hands-on experience with third-party tools for KYC, sanctions screening, and transaction monitoring
- Experience in having implemented change processes or change projects successfully, for example in regards to the tools/platforms used for daily operations
- Strong analytical and communication skills, with exceptional attention to detail and a structured approach to risk assessment and reporting
- Demonstrated ability to work independently, manage competing priorities, and meet high standards under pressure in a rapidly changing environment
- Excellent interpersonal and stakeholder management skills, with the ability to engage effectively at all levels of the organisation
- A proactive and forward-thinking mindset, committed to continuous improvement and excellence in AML operations
- We value diversity and the unique experiences each individual brings. If you’re excited about this role but don’t meet every requirement, we still encourage you to apply
What the job involves
- Our AML Operations team plays a key role early in the customer journey - ensuring safe and compliant onboarding to our platform.
- We’re looking for an experienced leader to guide a team of 9 analysts, someone who brings not just operational know-how, but a broader vision for how AML can continuously evolve.
- If you're passionate and experienced in developing people, strengthening processes, and navigating the complexity of a UK FCA-regulated environment, this is your opportunity to shape a function that sits at the heart of our business
- Team & Stakeholder Leadership
- Lead and manage a team of AML operations analysts, setting clear goals, providing constructive feedback, and supporting continuous professional development
- Ensure clear work allocation, tracking, and prioritisation across the AML Operations team, with visibility of progress, risks, and ownership
- Identify, assess, and escalate financial crime risks appropriately to the MLRO or Senior Management, working proactively to propose and implement effective mitigation strategies
- Promote a culture of integrity, professionalism, and ethical conduct across all areas of financial crime operations
- Operational Execution & Oversight
- Oversee daily AML operations including KYC (Know Your Customer), PEPS / Sanctions / Adverse Media screening, transaction monitoring activities, and Suspicious Activity Reporting (SARs) ensuring timely high-quality execution with clear end-to-end ownership and sound risk-based decision-making
- Ensure the consistent application of customer due diligence (CDD) and enhanced due diligence (EDD) standards in line with regulatory requirements and industry best practices (e.g. JMLSG, FCA reviews)
- Manage and review the end-to-end process of Suspicious Activity Reporting (SAR), including quality assurance and timely submissions to the UK’s National Crime Agency (NCA)
- Conduct quality assurance reviews of KYC files to ensure strict compliance with AML regulations and legal requirements
- Oversee the use of third-party KYC, sanctions screening, and transaction monitoring platforms to support due diligence and ongoing monitoring processes, and identifying improvement areas (if necessary)
- Innovation & Process Improvements
- Proactively identify areas of improvement and confidently develop or improve financial crime procedures suited for a fast-paced and dynamic environment, incl. leading small change projects
- Foster strong cross-functional collaboration with second line functions, legal, compliance, and technology teams to enhance operational effectiveness and risk management
- Serve as a subject matter expert on UK financial crime legislation and regulatory obligations, including POCA, the Money Laundering Regulations, the Terrorism Act, and the JMLSG guidance, demonstrating a strong. and practical understanding of how these apply to day-to-day AML operations and stay abreast of industry developments, regulatory changes, and emerging financial crime trends, and disseminate relevant insights across the team and wider business
Our take
Raisin is transforming open banking in the deposits and investments sector, leveraging its infrastructure to benefit bankers and savers in the global $50+ trillion deposit market. The company operates several B2C platforms, including Raisin, WeltSparen, Savedo, and ZINSPILOT in Europe and the UK, and SaveBetter in the US.
Raisin collaborates with around 400 banks globally, serving over 550,000 direct consumers. Backed by PayPal, Deutsche Bank, and Goldman Sachs, Raisin plans to expand further. In 2023, Raisin launched its deposits platform in Poland, connecting Polish savers with European banks via its cross-border savings technology. This platform simplifies access to diverse deposit products across Europe, enhancing safety and convenience.
In late 2023, Raisin announced it had reached €50 billion in assets under administration, with significant growth in markets like Germany, the UK, the Netherlands, and the USA, and over €1 billion in net inflows each quarter in 2023.
Freddie
Company Specialist at Welcome to the Jungle
Insights
12% employee growth in 12 months
Company
Funding (last 2 of 11 rounds)
Mar 2023
$69.2m
LATE VC
Jan 2022
$34.6m
CONVERTIBLE
Total funding: $317.2m
Company benefits
- Visa & Relocation Support
- 1,700 EUR Training Budget
- Free Choice of Hardware
- Beginner German Classes
- Food & Drinks
- Flexible working hours, home office and 28 vacation days
- Subsidised Urban Sports Club Membership
- Company Pension Scheme
- Team Events
Company HQ
Wrangelkiez, Berlin, BE
Leadership
Tamas Giorgadse
(Co-Founder & CEO)Previously served as a Partner at McKinsey, and is a Non-Executive Board Member of the Bank of Georgia.
Dr Frank Freund
(Co-Founder & CFO)Previously worked as a Senior Consultant at McKinsey.
Michael Stephan
(Co-Founder& COO)Previously worked as a Consultant at McKinsey.
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