Financial Crime Risk Manager

Griffin Bank Ltd; City Of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A technology-driven financial institution is seeking a Financial Crime Risk Manager to conduct risk assessments and maintain compliance. The ideal candidate will have a minimum of 5 years of experience in financial crime and a strong understanding of UK regulations. This role offers hybrid-remote work flexibility and a competitive benefits package.

Benefits

25 days off per year

Remote-first flexibility

Support with home office setup

Private medical and life insurance

Enhanced parental leave

Qualifications

• Minimum 5 years financial crime experience, with at least 2 years in a Second Line role.
• Strong understanding of UK financial crime regulations.
• Proven track record of conducting risk assessments.

Responsibilities

• Conduct comprehensive financial crime risk assessments across various customer segments.
• Maintain and update the Business-Wide Financial Crime Risk Assessment.
• Provide independent challenges to First Line risk assessments.

Skills

Financial crime experience

Understanding of UK financial crime regulations

Conducting risk assessments

Experience in banking or fintech

Writing clarity and readability

Job description

About Griffin

Hi, we're Griffin! We're the bank for companies who want to build and launch financial products.

Our context

We're rapidly heading towards a future where most of us access financial services through technology companies rather than high street banks. All sorts of companies are now embedding financial products into their apps and user journeys so that their customers can seamlessly make payments, manage expenses, take out loans, save, invest, and do more.

The problem is that companies are still dependent on legacy banking infrastructure if they want to offer regulated financial products. They need to either partner directly with an incumbent bank and/or stitch together middleware from various Banking as a Service (BaaS) providers. This process is slow, expensive, and complex and makes it very hard for companies to get new financial products off the ground.

At Griffin, we want to change this.

Our purpose

We want to make it easy for companies to bring finance to their customers at the point of greatest relevance. So, we built a bank.

But not just any bank! Griffin is a technology platform and a bank: fully regulated, API-first, developer-centric, and purpose-built to serve innovative fintechs and brands who want to build and embed financial products.

Learn more about what we do.

Our culture

Our culture is our most important asset, and one of the ways we safeguard it is by being extremely intentional about hiring the right people. We won't hire people who don't seem like a strong fit for our core values, even if they're otherwise extremely qualified.

We also believe that smart, motivated, conscientious people thrive in high-trust, high-autonomy environments. That's why we're transparent by default, and we encourage open discussion and challenge across all levels of the organisation. We're also remote-first, asynchronous, and fully flexible - because you're the expert on how and when you do your best work.

Learn more about our culture.

The Risk and Compliance team

Like most of Griffin, the Risk and Compliance team is in its infancy.

We're working to build a second line that is a highly respected and integrated part of the business and somewhere our colleagues go to for expert and pragmatic advice, while remaining independent from the first line.

Our aim is no less than to be the best in class. We are not putting patches on legacy frameworks, we're laying the foundations of the future of global financial infrastructure.

Who are you

• Minimum 5 years financial crime experience, with at least 2 years in a Second Line role
• Strong understanding of UK financial crime regulations (MLR 2017, POCA, Proceeds of Crime Act, Terrorism Act, Sanctions regimes)
• Proven track record of conducting risk assessments and control testing
• Demonstrated experience in banking, payments, or fintech environments

We're hybrid-remote, and most of your colleagues will not share an office with you on a day-to-day basis. This means you should also have:

• A high degree of comfort adopting new software tools for document drafting, collaboration and communication.
• 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 (you can find out more here about how we write )

What will you be doing here?

As a Financial Crime Risk Manager at Griffin, you will...

• Conduct comprehensive financial crime risk assessments across BaaS customer segments (fintechs, remittance firms, proptech, non-bank lenders) and product lines (embedded accounts, safeguarding, savings, client money). Identifying emerging financial crime risks and typologies relevant to BaaS business models
• Maintain and update the Business-Wide Financial Crime Risk Assessment (BWRA), ensuring it reflects the evolving risk landscape
• Provide independent challenge to First Line risk assessments, control self-assessments and business decisions
• Assess the adequacy and effectiveness of financial crime controls across the organisation by conducting thematic reviews and testing transaction monitoring scenarios, sanctions screening, and customer due diligence processes
• Provide real-time risk advice on new products, partnerships, and business initiatives
• Deliver training and guidance to First Line teams on financial crime risks and controls

What can we offer you?

We are an early stage startup and we're working hard to expand our benefits package. We're planning to add to this list in the future.

• Salary: £
• 25 days off a year + winter break(we close in between Christmas and New Year) + bank holidays
• Remote-first flexibility - work from anywhere in the UK
• WFA - Everyone gets up to 20 'work from abroad' days a year
• Support with home office setup
• Tax-advantaged stock options under HMRC's Company Share Option Plan (CSOP)
• 1:1 coaching and therapy through Oliva
• Auto-enrolment into company pension scheme with Penfold
• Enhanced parental leave with up to 6 months at full pay
• Private medical insurance and life insurance (provided by Vitality and AIG respectively)

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

How do I apply?

Are we your next move? Apply via the link below, if there's a match our Talent team will reach out to schedule an initial conversation and talk you through what happens next.

We're remote-first

We have a small London office in Moorgate, but we are comfortable hiring people to work from anywhere in the UK. About a third of the company is based within occasional commuting distance of London, the rest are full-time remote.

Under representation

Our goal is for Griffin to proportionally represent the diversity of the working population in society. We're working to ensure that Griffin is a supportive, empowering and inclusive environment for every member of our team - whatever your combination of race, ethnicity, gender, age, sexual orientation, physical ability, nationality, neurodiversity, and religious beliefs. If you're part of a group that is under-represented in fintech, we'd love to hear from you.

Griffin Bank Ltd request that recruitment agencies do not speculatively submit CVs to any employee or associate of our company unless explicitly asked to do so by a member of our Talent team. Any CVs sent to any member of our team on a speculative basis will not be recognised and we will not accept liability for any fee or commission should we subsequently employ a candidate who applied to us directly or was introduced by an instructed agency that may also have been submitted speculatively by an uninstructed agency.