Responsibilities
- The assurance review schedule as the DC book grows, keeping risk ratings accurate and ensuring each customer receives the right level of scrutiny.
- The review and closing out post-live conditions for newly onboarded DCs where applicable.
- Issuing assurance review requests, including scoping the right questions and sample requests based on entity type, operating model, and risk rating.
- In-depth reviews of DC responses, identifying gaps and weaknesses in their financial crime controls.
- The production of formal review reports with clear findings and a recommendation on whether a DC's risk rating should be maintained, increased, or decreased.
- Drafting and issuing recommendations to DCs, then tracking and following up until full closure is confirmed.
- The engagement with external stakeholders, including CEOs, MLROs, Compliance Managers, especially when sharing difficult findings or recommendations.
Requirements
- Experience working in financial crime compliance — ideally in an audit, assurance, oversight, or monitoring capacity, with hands-on review experience rather than purely advisory or policy work.
- Hands-on experience conducting financial crime audit or assurance reviews or assessments, including reviewing control frameworks and identifying gaps.
- Experience with writing reports and recommendations on the back of audit or assurance reviews.
- A solid understanding of financial crime controls: AML, sanctions, KYC, transaction monitoring, SARs, QA/QC and end-to-end onboarding and ongoing customer journeys.
- Confidence managing external relationships and having direct, sometimes difficult conversations with customers.
- Strong organisational skills and an analytical mindset — you'll be juggling reviews at different stages and spotting issues that aren't always obvious.
- A love of writing - we have a major amount of written documentation that you will be contributing to, and we place a high degree of importance on clarity and readability
Nice to Have
- Familiarity with the different onboarding models within embedded finance a DC can use (managed, reliance, or outsourced) and how they affect the scope and depth of review.
- Hold a relevant financial crime qualification such as an ICA diploma, or have experience presenting findings to senior stakeholders.
Benefits
- Remote-first flexibility: Work from anywhere in the UK
- Work from abroad: Up to 20 days a year
- Time off: 25 days’ holiday, bank holidays and a winter break (we shut down between Christmas and New Year)
- Share options: Own a part of what we’re building together
- Pension: Auto-enrolment into our Penfold scheme
- Insurance: Private medical with Bupa (including family cover) and life insurance with AIG
- Wellbeing: 1:1 coaching and therapy session available through Oliva
- Family leave: Enhanced parental leave with up to 6 months on full pay after two years’ service
- AI tools: Everyone has a Claude subscription on us and access to other premium tools
- Your setup: We’ll support you in creating a comfortable and effective WFH environment
Team
Structure: first line operations
Additional Information
- As a bank, we’re committed to maintaining the highest standards of security. This means that the successful candidate will need to complete background screening, and our offer will be conditional upon satisfactory review of these checks. This would include verification of right to work, criminal record, credit history, social media and professional reference checks.
