Remote Compliance Manager - London, United Kingdom - Revolut Ltd

    Default job background
    Description

    With an arsenal of awesome products that span spending, saving, travel, transfers, investing, exchanging and more, we've helped 40+ million customers get more from their money.

    So far, we have 10,000+ people working around the world, from our great offices or remotely, on our mission.

    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.

    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 Senior 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, you'll be Deputy MLRO, reporting directly to the MLRO, and will help to lead and shape the future of oversight and compliance.

    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
    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
    Fluency in English
    ~ 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/D-MLRO or Financial Crime Compliance role
    ~ Knowledge and experience of best practices in financial services regulation, fraud detection methodologies, and emerging practice in financial crime and money laundering typologies
    ~ The ability to exercise oversight, knowledge, and understanding of financial crime and AML policies, procedures, and control arrangements in a complex financial operation
    ~ Deep knowledge of the UK regulatory environment and key financial crime regimes
    ~ 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. Refer to our Data Privacy Statement for Candidates for details on our data handling practices during your application.
    Financial benefits that show we value your work
    Medical insurance for you and your close ones
    Flexibility to work from home, the office or abroad

    Deliver WOW We love building great products, we love delighting our customers, we love turning the complexity of a chaotic world into the simplicity of a beautiful solution that truly solves customer needs.