Compliance Analyst

Modulr; City of Edinburgh; On-site; GBP 35,000 - 55,000; Full time

Job summary

Join a rapidly growing fintech that is transforming the payments landscape. As a Compliance Analyst, you will play a crucial role in managing compliance assessments, ensuring adherence to AML and regulatory standards while supporting the company's growth. This position offers the chance to work in a dynamic environment where your contributions will directly impact the business. With a focus on innovation and collaboration, you will be part of a team that values curiosity and proactive problem-solving. If you're passionate about compliance and want to make a difference in the fintech industry, this is the perfect opportunity for you.

Benefits

Share Options Incentive Scheme

Company Bonus

Enhanced Pension

Flexible benefits

Perkbox discounts

33 days holiday

Learning Opportunities

Company-wide events

Great workspace

Qualifications

• Experience in CDD and compliance assessments in a fintech environment.
• Strong understanding of AML, CTF, and regulatory frameworks.

Responsibilities

• Lead CDD & Compliance Assessments for clients.
• Engage with stakeholders and perform partner audits.
• Review and recommend changes to compliance policies.

Skills

Customer Due Diligence

Stakeholder Management

AML Compliance

Risk Assessment

Policy Review

Analytical Skills

Education

Bachelor's Degree in Finance or related field

Tools

Compliance Software

Job description

• Are you curious, excited by experimentation and always looking for a better way of doing things?
• Do you want to keep learning and developing whilst getting hands-on, payment-building experience?
• Do you want to have the opportunity to play an important role in a rapidly growing fintech?

If so, we would love to hear from you!

We are looking to hire high-energy, and value-adding talent to join Modulr, the fastest growing payments business in the UK and Europe, to lead and manage CDD & Compliance Assessments of our clients.

About Us

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables thousands of businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment methods, accounts, and card products. We’ve created an industry-leading platform with comprehensive online tools and API access, to meet the demands of daily business payments. We are connected to an expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS. Our payments expertise and extensive product capability also enables us to build tailored solutions to solve complex payment problems for hundreds of clients in a range of industries, including Travel, Merchant Payments, Lending, Wage Advance and Investment & Wealth. We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs, and hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in 11 currencies. We are principal issuing members of Visa and Mastercard across UK and Europe. Our regulatory permissions and governance structure underpin our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank. Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam and Mumbai.

Modulr values

• Building the extraordinary and going that extra mile
• Owning the opportunity, be passionate and proud of the time you invest
• Move at pace, reach your goals faster with us supporting you each step of the way
• Achieve it together, working as a team and being a Modulite

The Role

The Compliance Analyst is responsible for leading and managing ongoing CDD & Compliance Assessments of our clients. Working in the First Line Risk & Compliance Function, the team is responsible for mitigating risks to Modulr as they relate to the provision of our services as an Electronic Money Institution, with a heavy focus on AML, CTF and Sanction control frameworks, but also considering other key aspects such as proposition, consumer duty and value to the market where applicable. With an ever-changing regulatory environment, we are looking for someone who displays a keen sense of professional curiosity and willingness to review and consider all aspects of compliance as set out in the regulations, providing support and advice to other teams within the business. As a team in a phase of growth, this is a great opportunity for someone to help shape and deliver a market-leading proposition.

Specific duties

• 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 you:

The successful Compliance Analyst will have a track record in delivering results in a fast-moving business and hence be comfortable with change and uncertainty. Excellent stakeholder management experience is essential to being successful in this role.

The Ideal Candidate

• 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.

What can Modulr offer you

You’ll be part of a cross-disciplinary team(s), some might be in Edinburgh, London, or Amsterdam. We are friendly and sociable, challenging but rewarding. We want you to push yourself and for us to support you in your future as we scale up and grow. Our culture and values are putting you first and are about investing in your future.

• Share Options Incentive Scheme
• Company Bonus - the more successful we are together, the more company bonus we offer
• Enhanced Pension
• Flexible benefits - £1000 to spend on a variety of benefits for you to choose from which suit your lifestyle and needs
• Perkbox - enjoy freebies and discounts on many other products and services
• 33 days holiday (including bank holidays) + your birthday off - choose which days you take off to relax and/or spend time with loved ones
• Learning Opportunities – on joining Modulr you will embark on our 3-day onboarding programme to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But, we don’t want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels and platforms to allow you to grow and develop in Modulr.
• Modulr hands-on - join your colleagues for our company-wide events throughout the year.
• Great workspace - Modulr thrives on innovation which is best done through in-person collaboration. This approach enables us to work together closely, exchange ideas, and create innovative solutions that drive our success. We have state-of-the-art offices located in Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.

ModInclusion

We believe that by seeing Modulr, and the world, from all sorts of angles, we can make life better for all. We want you to know that the things that make you, you — like your identity, age, ability, and background — are things that we will always celebrate and support with open arms. As such, we are keen to maximise the diversity of our workforce and actively encourage applications from anyone and everyone.