Financial Crime Compliance Specialist (Advisory)

Were Capital on Tap
Capital on Tap started because small businesses were underserved. Big banks were slow their products werent fit for purpose and small business owners often couldnt access what they needed. We set out to fix that.

Today were a financial platform - not just a credit card company. We offer a best-in-class business credit card SME-focused spend management platform a savings product that hit 1 billion in funds within its first year and a growing suite of tools and financial products that make running a small business easier.

1000 employees 20bn in annual card spend 200000 customers 17000 Trustpilot reviews averaging 4.7 stars and were profitable. Weve done a pretty good job so far but were just getting started!

This is a Hybrid role the Financial Crime Compliance team working from our London (Moorgate) office 3 days per week.

Financial Crime Compliance at Capital on Tap

The Financial Crime function is responsible for the ongoing management of the companys Financial Crime policies procedures and controls. This includes risk assessment and ongoing assurance of AML compliance business advisory and management of high risk customer and suspicious activity escalations.

What Youll Be Doing

You will sit in the 2nd line Financial Crime Compliance team operating independently from the 1st line FinCrime Operations team. Your job is to provide oversight challenge governance and handle escalations from 1LOD that may result in reporting and/or offboarding decisions.

• Support the MLRO in owning and running Capital on Taps compliance monitoring programme designing thematic reviews and control tests that assess whether 1st line financial crime controls are working as intended.
• Maintain and develop AML/CTF policies procedures and risk appetite standards - drafting updates in response to regulatory change monitoring findings QA output and internal audit recommendations.
• Support the completion of the business-wide Financial Crime Enterprise Wide Risk Assessment (EWRA) identifying areas of emerging risk and recommending proportionate controls.
• Lead 2LoD financial crime review of new product and change initiatives providing independent risk assessment and recommending next steps to the MLRO prior to sign-off for go-live.
• Produce management information and compliance reporting for senior leadership and relevant governance committees.
• Support horizon scanning activity translating regulatory change into practical impact assessments for the business.

What Were Looking For

• At least 3 years operating in a 2nd line financial crime or AML compliance function within a regulated UK financial services firm particularly focusing on Business customers - candidates with exclusively 1st line case management backgrounds and/or predominantly Retail Banking experience will not be suitable.
• Demonstrable experience designing or running a compliance monitoring or control testing programme - not just participating in one.
• Strong working knowledge of the UK Money Laundering Regulations 2017 JMLSG guidance and POCA - applied in practice not just in theory.
• Experience contributing to or owning a financial crime risk assessment at a business or product level.
• Comfortable presenting findings and recommendations to senior stakeholders and governance forums.
• Sharp analytical thinking and clear written communication - you will be writing reports and policy documents that the business acts on.
• Comfortable working independently and challenging the business constructively when controls fall short.

Diversity & Inclusion
We welcome consider and encourage applications from anyone who shares our commitment to inclusivity. Join us in creating a space where authenticity thrives and everyone can do their best work.

Great Work Deserves Great Perks
We try not to take ourselves too seriously (all the time) so we make sure our office is decked out with a pool table arcade machine beer tap and a couple of office dogs thrown in for good measure. Check out our benefits:

Private Healthcare including dental and opticians services through Vitality
Worldwide travel insurance through Vitality
Access to a reproductive and hormonal health platform via Hertility
Anniversary Rewards (-week fully paid sabbatical)
Salary Sacrifice Pension Scheme up to 7% match
28 days holiday (plus bank holidays)
Annual Learning and Wellbeing Budget
Enhanced Parental Leave
Cycle to Work Scheme
Season Ticket Loan
6 free therapy sessions per year
Dog Friendly Offices
Free drinks and snacks in our offices

Check out more of our benefits values and mission here.

Other Info
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Excited to work here Apply!
If youd like to progress your career within our fast growing profitable fintech then click apply and we will aim to get back to you within 3 working days (during busy periods this could take up to 5 working days.)

Required Experience:

IC

Employment Type : Advisor
Experience: years
Vacancy: 1
Weekly Salary Salary: 750 - 750