Partner Oversight Team Lead

Modulr; City of Edinburgh; On-site; GBP 45,000 - 75,000; Full time

Job summary

Join an innovative fintech company as a Partner Oversight Lead, where you'll lead a dedicated team ensuring compliance and operational excellence. In this dynamic role, you'll engage with partners, manage high-risk cases, and drive improvements in compliance processes. With a focus on collaboration and growth, you'll play a crucial part in shaping the future of embedded payments. Enjoy a supportive environment that values diversity and offers exciting perks, including flexible benefits and a strong emphasis on learning and development. This is a fantastic opportunity to make a significant impact in a rapidly growing industry.

Benefits

Share Options Incentive Scheme

Company Bonus

Flexible Benefits (£1000)

Perkbox Discounts

33 Days Holiday

Learning Opportunities

Company-wide Events

Great Workspace

Bike to Work Scheme

Qualifications

• Experience in a regulated business with AML and CTF knowledge.
• Strong stakeholder management and team leadership skills.

Responsibilities

• Lead a team of Oversight Analysts and manage high-risk cases.
• Ensure compliance with regulatory frameworks and improve processes.
• Engage with clients and provide training on compliance issues.

Skills

Stakeholder Management

Regulatory Compliance

Risk Assessment

Team Leadership

Analytical Skills

Financial Crime Knowledge

Education

Experience in Regulated Business

Understanding of AML and CTF Policies

Tools

Data Analysis Tools

Compliance Management Systems

Job description

• Are you curious, excited by experimentation and always looking to innovate?
• Do you want to work in embedded payments where you can keep learning and developing whilst getting hands-on experience?
• Do you want to have the opportunity to work in a growing Fintech?

If so, we would love to connect and collaborate!

We want to hire ambitious, and value-adding talent into Modulr, the fastest growing payments business in the UK and Europe, to play a key role in our first line of compliance operations and supporting our analysts in this area.

About us

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment schemes, accounts, and card products.

We have created an industry-leading API platform with comprehensive online tools and 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 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. Modulr 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 schemes across UK and Europe.

Our regulatory permissions and governance structure are the foundations of 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.

Modulr now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam, and Mumbai.

Modulr values

• Building the extraordinary; going that extra mile
• Owning the opportunity; be passionate and proud of the time you invest
• Move at pace; reach goals faster whilst supported on your career journey.
• Achieve it together, working collaboratively and being a Modulite

The role

Summary

This role sits within our Partner Oversight team which is responsible for the ongoing monitoring of clients we designate as partners (and who will provide e-money services to their onward clients typically under our licence) to ensure they have the correct controls in place and are operating within Modulr’s risk and compliance framework. Partner Oversight is a key part of Modulr’s first line compliance operations, executing processes to mitigate risks to Modulr and their customers as they relate to Financial Crime, Consumer Protection, Financial and Operational Resilience. The Oversight role is a multidisciplinary one including regular client engagement to discuss data and business intelligence, sample checking, and analysis and investigations work collaborating with internal stakeholders. Analysts also need to have a deep understanding of how our partners are operating to identify and mitigate regulatory and commercial risks. You will play a key role in supporting these activities and in the growth and development of our team of analysts.

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. You will have experience with leading a team and delivering results, have a good understanding of the regulatory landscape that Modulr operates in and be comfortable with driving change and guaranteeing operational excellence.

Specific duties

• Lead a team of Oversight Analysts within the broader Oversight function, with line management responsibilities for 3+ team members.
• Be a subject matter expert within the Oversight team, supporting colleagues with complex and challenging client issues, ensuring these are managed to completion.
• Manage high-risk or complex cases for partners that are under enhanced monitoring, taking the lead to ensure remediation plans are completed and evidenced before being transitioned back to business as usual.
• Uphold Modulr’s policy frameworks and procedures and ensure these are followed accurately during BAU processes.
• Own quality assurance of Oversight team members to ensure activities are being performed to the required standard.
• Mentor, support and develop new and existing members of the Oversight team.
• Identify opportunities to continuously improve our systems and processes in line with the requirements of the function and changing regulatory landscape.
• Focus on stakeholder management, working collaboratively with functions across Modulr and building strong partnerships with clients.
• Work with the Oversight Manager to produce consistent and effective MI reporting to demonstrate performance as part of formal governance and oversight.
• Keep abreast of related industry trends and themes and provide ongoing training to the Oversight team.

About you

The successful Partner Oversight Lead will have a track record in delivering results in a fast-moving scaling business and hence you must be comfortable with change and uncertainty. More specifically the ideal candidate will have:

• 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 strong stakeholder management skills and can work collaboratively with internal and external stakeholders. You will be comfortable acting as a point of escalation, engaging with and guiding partners on their activity and actions required to comply with regulations.
• You enjoy leading, mentoring and supporting other members of your team.
• You are comfortable making decisions/recommendations on a risk-based approach and supporting others to do so.
• You have experience operating in a regulated business, ideally with the understanding and implementation of company AML and CTF policies and procedures, adopting a risk-based approach to ensure controls are proportionate and relevant to the business in question.
• 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’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 enjoy sharing your knowledge and ideas about how we can improve.
• You’ve a strong interest in FinTech and financial crime and have a high level understanding of how fintech businesses work and are financed.

What can Modulr offer you

You will be part of a cross-disciplinary team(s), with co-workers located in Edinburgh, London, Amsterdam, and India. 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.

• Share Options Incentive Scheme.
• Company Bonus - the more successful we are together, the greater the reward.
• Flexible benefits - £1000 to spend on a variety of benefits for you to choose from which suit your lifestyle and needs. Including Private medical insurance, gym membership, health checks etc.
• 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, called ModStart, to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But we do not want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels, platforms, and Buddy allocation 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 ask our team members to be based in the office 4 or more days a week. We have state of the art offices located in WeWork in Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.
• Bike to work / E-bike scheme.

ModInclusion

At Modulr, we are working hard to build a more positive diverse and inclusive culture that helps everyone to feel they belong and can truly bring their whole self to work. Not only is it the right thing to do for everyone in the Modulr team, it’s also the right thing to do for our business, the community we operate in and attracting future talent. As part of our approach, we actively welcome applications from candidates with diverse backgrounds.