Compliance Manager (MLRO Team) - UK

Revolut; City Of London; On-site; GBP 75,000 - 95,000; Full time

Job summary

A fintech company is seeking a Compliance Manager in London to oversee the Financial Crime and Anti-Money Laundering frameworks. The ideal candidate will have significant experience in financial services compliance, ensuring regulatory requirements are met while supporting product launches. This position involves close collaboration with various teams and managing compliance training for staff. Be part of a diverse team dedicated to innovation and compliance excellence.

Benefits

D&I Framework and initiatives

Opportunities for professional growth

Qualifications

• 5+ years of experience in an MLRO and Financial Crime Compliance role.
• Knowledge of payment systems and markets with a focus on technology.
• Fluency in English.

Responsibilities

• Define and document the Financial Crime and AML Program.
• Manage the UK suspicious activity reporting process.
• Communicate responsibilities to staff for compliance.

Skills

Experience in Financial Crime Compliance

Understanding of FCA regulations

Problem-solving skills

Good communication skills

Knowledge of AML policies

Education

Bachelor's degree

Relevant Master's Degree

Professional qualification (ICA or ACAMS)

Job description

Overview

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About Revolut

People deserve more from their money. More visibility, more control, more freedom. And since 2015, Revolut has been on a mission to deliver just that. With an arsenal of awesome products that span spending, saving, travel, transfers, investing, exchanging and more, our super app has helped 28+ million customers get more from their money. And we're not done yet.

As we continue our lightning-fast growth, we believe that two things are essential to continuing our success: our people and our culture. So far, we have 6000+ people working around the world, from our great offices or remotely, on our mission. And we're looking for more. We want brilliant people that love building great products, love redefining success, and love turning the complexity of a chaotic world into the simplicity of a beautiful solution.

About the role

Compliance is a key team that ensures Revolut's products and processes meet the regulatory requirements and translate this into the best customer outcomes. They've got outstanding ability to find solutions and carry out testing in a purely digital environment. Those data-driven experts know that better people and machines are the most effective way of managing conduct risk

We're looking for a Compliance Manager to ensure that the Financial Crime and Anti-Money Laundering Control Frameworks of Revolut are fully operating effectively against money laundering - a sharp mind who can quickly identify money laundering risk and maintain our systems and controls, considering a range of factors

As a key member of the UK E-money FCC team, reporting into the MLRO and DMLRO, you will support the design, lead and shape the future of oversight and compliance. Be warned, this is a very hands-on role

Up for the challenge? Let's get in touch

What you'll be doing

• Defining, developing, managing, refining, and documenting the Financial Crime and AML Program to manage all sources of regulatory risk and provide reporting which meets the needs of our UK regulators, local and Group management
• Working closely with the Group FinCrime function and other senior managers across the business to identify, assess, update, and mitigate the regulatory compliance risks posed to Revolut, and determining the priorities and resources required to effectively control them
• Determining identification and verification standards for customer take-on and AML compliance
• Managing the UK suspicious activity reporting (SAR) process, internally and externally
• Communicating with all necessary staff to ensure they understand their responsibilities and are trained in Revolut policies and procedures to identify financial crime, escalate suspicious activity by making internal reports, and make external reports to the regulators and other law enforcement bodies in a timely manner
• Receiving and promptly responding to enquiries from law enforcement agencies
• Continuously developing, enhancing, and embedding the financial crime and AML risk framework for managing key regulatory and financial crime risks across the firm, ensuring that all processes are fit for purpose
• Serving as a liaison to the local authorities, managing filings to the local Financial Investigation Unit (FIU)
• Supporting the business where necessary regarding the launch of products to ensure regulatory requirements are met
• Working cross-functionally across multiple teams to ensure execution against regulatory requirements and internal policies
• Collaborating with internal Compliance teams (such as Financial Crime, Compliance Operations, Risk & Controls) to identify clear steps necessary to mitigate regulatory risks and provide recommendations as clear business requirements
• Partnering with Product Owners to educate and drive the appropriate execution of compliance requirements

What you'll need

• A bachelor's degree, with a relevant Master's Degree preferred or a professional qualification from an internationally recognised body, like ICA or ACAMS
• 5+ years of experience in an MLRO and Financial Crime Compliance role
• Experience either directly with FCA / PRA / BoE regulators, or with regulations and requirements associated with the FCA / PRA / BoE
• Knowledge and experience of best practice in financial services regulation, fraud detection methodologies, and emerging practice in financial crime and money laundering typologies
• Good communication skills with the ability to motivate others
• The ability to exercise oversight, knowledge, and understanding of financial crime and AML policies, procedures, and control arrangements in a complex financial operation
• Problem-solving and decision-making skills with the ability to analyse complex information to identify the key issue/action and drive resolution
• Deep knowledge of the UK regulatory environment and key financial crime regimes
• An understanding of payment systems and markets with a focus on technology and mobile applications
• Fluency in English

Building a global financial super app isn't enough. Our Revoluters are a priority, and that's why in 2021 we launched our inaugural D&I Framework, designed to help us thrive and grow everyday. We're not just doing this because it's the right thing to do. We're doing it because we know that seeking out diverse talent and creating an inclusive workplace is the way to create exceptional, innovative products and services for our customers. That's why we encourage applications from people with diverse backgrounds and experiences to join this multicultural, hard-working team.

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Note: This position is subject to internal eligibility and regulatory checks.