Careers

Location

Edinburgh, GB

Job Term

Full-Time

Company Website

About Modulr

Modulr is a fintech scale-up that’s breaking new ground within the business payments sector – which moves $130trn annually. And businesses are no longer tolerating the slow, inefficient and costly infrastructure provided by legacy institutions. Modulr develops cutting-edge API-first services to enable modern business to eliminate historic hidden inefficiencies and build fast-to-market products on top of our award-winning payments platform.

The Role

The first line Risk & Compliance function executes processes to mitigate risks to Modulr as they relate to Money Laundering/Terrorist Financing, Fraud, Sanctions and other Financial Crime risks (such as Anti-bribery & Corruption).  This particular role will be focussed on the onboarding of new clients which will involve CDD checks, AML and adverse media screening, ownership structure reviews, risk assessments, policy reviews and occasional compliance audits with clients.

As we’re a small team, this is a hands-on role; you’ll need to be comfortable getting into the detail and be happy to suggest improvements.

Day to day tasks include:

  • Client Risk Assessments
  • Customer Due Diligence (including Simplified and Enhanced Due Diligence)
  • Performing Partner Audits (Internal and External)
  • Stakeholder Engagement (Internal and External)
  • Screening for Politically Exposed Persons and Sanctioned Individuals
  • Reviewing Policies and Procedures and recommending amendments or changes to these documents in line with Modulr compliance requirements 

About Modulr

  • Modulr ranked 18 on LinkedIn’s 2019 Top Startups List in UK
  • We were recently awarded £10 million from the BCR Fund to further develop our innovative product
  • Four years old, we have offices in London, Edinburgh and Dublin
  • We have processed over 15 million transactions with a value of £18 billion of business payments to date, averaging 1.4 million transactions per month
  • We are multi-award winning and want to keep creating a world class product

Modulr is a fintech scale-up that’s breaking new ground within the payments sector. We are in a digital age when businesses need to move money 24/7 instead of operating within regular banking hours. Companies are under mounting pressure to manage their cashflow, control their costs, comply with regulations and handle complex supplier, customer and employment payment arrangements. Modulr develops cutting-edge API-first solutions that enable businesses to overcome these challenges and take control of their money.

About you;

  • You’re passionate about protecting the business, whilst also supporting rapid growth.
  • You love rolling up your sleeves and doing whatever’s required to achieve the goals of the compliance team and wider business.
  • You have experience with onboarding businesses operating in multiple sectors
  • You will have experience in reading and understanding company policies and procedures
  • You will be comfortable with guiding partners and offering amendments to policies and procedures
  • You’re excited about the prospect of taking ownership of compliance processes, whilst ensuring that they evolve so that the compliance programme continues to be aligned to the business’s growth plans.
  • You’re structured and organised, able to handle the competing pressures of immediate compliance tasks and investigations alongside longer term projects.
  • You’re comfortable working in an early stage business, where time is critical, and things change frequently.
  • You’re analytical and can assess risks and define appropriate controls based on these, communicating the links, effectiveness and any potential gaps clearly to others.
  • You have an inquisitive mind and proactive approach to problem solving and issue resolution
  • You enjoy self-leading and working independently in a fast-paced, constantly changing environment.
  • You enjoy sharing your knowledge and sharing your ideas about how we can improve.
  • You’ve a strong interest in FinTech and financial crime.

Skills and experience we’re interested in;

  • You should have a general understanding of the regulatory landscape Modulr operates in.
  • Experience migrating manual processes to automated processes, whilst ensuring the correct risk parameters are applied. Defining these processes, setting out the optimal way to achieve goals and embedding tools and procedures to achieve them.
  • Responsibility for undertaking day to day compliance tasks and prioritising these accordingly.
  • Developing and maintaining compliance policies & processes.
  • Assessing the adequacy and effectiveness of measures, controls and procedures put in place to ensure compliance with regulatory obligations.
  • Intermediate Excel skills.
  • Relevant qualifications and professional certifications.

In addition to a market leading salary we offer the following benefits:

Modulr offer highly competitive salary and benefits packages; our employees enjoy the benefits of flexible working. The office is modern, with lots of natural light and has break out areas. Importantly, our work is challenging and interesting, you will gain valuable experience in a rapidly scaling business at an important phase of growth while contributing to our collaborative culture.

  • Bonus
  • Pension
  • Flexible benefits
  • 33 days holiday (inclusive of bank holidays)
  • Training allowance
  • Opportunities for career development
  • Flexible working
Apply now