Financial Crime Operations Risk Manager, Lendable
+ Equity
More information about location
3+ days a week in office (Shoreditch, London)
Profitable Fintech Unicorn - Lending Platform
Job no longer available
Profitable Fintech Unicorn - Lending Platform
501-1000 employees
Job no longer available
+ Equity
More information about location
3+ days a week in office (Shoreditch, London)
501-1000 employees
Company mission
To make consumer finance amazing: faster, cheaper and friendlier.
Role
Who you are
- This role requires a strong understanding of regulatory expectations, as well as the ability to adapt to a fast-paced environment where financial crime risks are constantly evolving
- A minimum of 4 years of experience in a financial crime environment within the financial services industry
- In-depth knowledge of Sanctions, Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. (Qualifications would be beneficial)
- Strong written and verbal communication skills, with the ability to present complex information clearly to both internal and external stakeholders
- Excellent analytical and problem-solving capabilities
What the job involves
- Take ownership across a broad remit. You are trusted to make decisions that drive a material impact on the direction and success of Lendable from day 1
- Work in small teams of exceptional people, who are relentlessly resourceful to solve problems and find smarter solutions than the status quo
- Build the best technology in-house, using new data sources, machine learning and AI to make machines do the heavy lifting
- The role of a First Line Financial Crime Risk Manager is pivotal in safeguarding Lendable against financial crime
- The position will reside within the first line of defence, which is responsible for owning and managing financial crime risks directly within business units
- Accountability for identifying, assessing, and managing financial crime risks within the first line business units they oversee. This includes ensuring that risks are clearly documented and understood at all levels
- Responsibility for designing and enhancing controls to mitigate risks, such as sanctions screening, customer due diligence and transaction monitoring
- 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 required policies, processes and procedures are in place which align with the firm's financial crime framework
- Working closely with the Learning and Development Team to provide training to frontline staff to enhance awareness and adherence to financial crime policies
- The first line financial crime team plays a crucial role in managing and mitigating financial crime risks within the organisation
- This team is part of Operations and is responsible for implementing and executing controls to prevent financial crime
- The team maintains strong working relationships across almost all areas of the firm and collaborates effectively to achieve its goals
- Oversee operational processes related to financial crime by providing effective assurance and management information with the aim to ensure that all work is completed in accordance with company policies
- Lead in defining solutions in response to risks which are i) smart, ii)proportionate, iii) sustainable (e.g. Automated controls over manual interventions) and iv) considered (i.e. not just plugging the gap but thinking more holistically about the issue and what we need, to improve the risk environment)
- Collaborate with internal teams to mitigate financial crime risks associated with current business activities and upcoming changes
- Provide training and guidance to staff on financial crime prevention and compliance measures
- Be able to manage interdependencies in order to support in the delivery of agreed solutions, change initiatives in a timely and high-quality way
- Plan, report and track actions through to completion
Application process
- A quick phone call with one of the team
- Interview and Assessment with the Head of Fraud & Financial Crime and another key stakeholder within the business
- Video Interview the Director of Enterprise Risk
Salary benchmarks
Our take
Lendable competes with banks, other lenders, and consumer finance companies to make finance and credit easier to access for all 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. With fresh funding, this profitable fintech unicorn is poised to make credit access easier for consumers. And with the launch of two new products in the US, Lendable is certainly in a good position for more growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
Mar 2022
$283.5m
GROWTH EQUITY VC
Sep 2017
$6.5m
SERIES A
Total funding: $293.4m
Company benefits
- 💸 Best-in-class compensation, including equity
- 🏥 Comprehensive private health insurance (including dental, optometry and general wellbeing)
- 🎊 Multiple opportunities to socialise with your team and the wider company
- 💻 Equipment provided for you to do your best work!
- 🏠 You can work from home every Monday and Friday if you wish - on the other days we all come together IRL to be together, build and exchange ideas (hybrid)
- 🍲 Our in-house chefs prepare fresh, healthy lunches in the office every Tuesday-Thursday
- 🚗 EV car scheme (Octopus)
- 🚲 Cycle to work scheme
- 🧮 Pension
- 🌴 25 days of annual leave - excluding bank holidays
- 🏋️♀️ 50% off gym memberships at Virgin Active and Nuffield (via Vitality health insurance)
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.
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