Financial Crime Operations Risk Manager

Lendable Ltd; London; Hybrid; GBP 40,000 - 80,000

Job description

About Lendable

Lendable is on a mission to make consumer finance amazing: faster, cheaper, and friendlier. We're building one of the world's leading fintech companies and are off to a strong start:

• One of the UK's newest unicorns with a team of just over 500 people
• Among the fastest-growing tech companies in the UK
• Profitable since 2017
• Backed by top investors including Balderton Capital and Goldman Sachs
• Loved by customers with the best reviews in the market (4.9 across 10,000s of reviews on Trustpilot)

So far, we've rebuilt the Big Three consumer finance products from scratch: loans, credit cards and car finance. We get money into our customers' hands in minutes instead of days.

We're growing fast, and there's a lot more to do: we're going after the two biggest Western markets (UK and US) where trillions worth of financial products are held by big banks with dated systems and painful processes.

Join us if you want to

1. Take ownership across a broad remit. You are trusted to make decisions that drive a material impact on the direction and success of Lendable from day 1
2. Work in small teams of exceptional people, who are relentlessly resourceful to solve problems and find smarter solutions than the status quo
3. Build the best technology in-house, using new data sources, machine learning and AI to make machines do the heavy lifting

About the role

The role of a First Line Financial Crime Risk Manager is pivotal in safeguarding Lendable against financial crime. The position will reside within the first line of defence, which is responsible for owning and managing financial crime risks directly within business units. Key responsibilities often include:

• Accountability for identifying, assessing, and managing financial crime risks within the first line business units they oversee. This includes ensuring that risks are clearly documented and understood at all levels
• Responsibility for designing and enhancing controls to mitigate risks, such as sanctions screening, customer due diligence and transaction monitoring
• Ensuring that processes are carried out effectively to detect and prevent financial crime through the creation of robust assurance processes and effective oversight
• Working closely with the second line (risk and compliance teams) to ensure a cohesive approach to risk management and ensuring that the organisation meets all regulatory expectations and is prepared for audits or reviews
• Ensuring that required policies, processes and procedures are in place which align with the firm's financial crime framework
• Working closely with the Learning and Development Team to provide training to frontline staff to enhance awareness and adherence to financial crime policies

This role requires a strong understanding of regulatory expectations, as well as the ability to adapt to a fast-paced environment where financial crime risks are constantly evolving.

Your team's objectives

• The first line financial crime team plays a crucial role in managing and mitigating financial crime risks within the organisation.
• This team is part of Operations and is responsible for implementing and executing controls to prevent financial crime.
• The team maintains strong working relationships across almost all areas of the firm and collaborates effectively to achieve its goals.

What you'll be doing/impact on objectives

• Oversee operational processes related to financial crime by providing effective assurance and management information with the aim to ensure that all work is completed in accordance with company policies.
• Lead in defining solutions in response to risks which are i) smart, ii) proportionate, iii) sustainable (e.g. Automated controls over manual interventions) and iv) considered (i.e. not just plugging the gap but thinking more holistically about the issue and what we need to improve the risk environment)
• Collaborate with internal teams to mitigate financial crime risks associated with current business activities and upcoming changes.
• Provide training and guidance to staff on financial crime prevention and compliance measures.
• Be able to manage interdependencies in order to support in the delivery of agreed solutions, change initiatives in a timely and high-quality way
• Plan, report and track actions through to completion

What we're looking for

• A minimum of 4 years of experience in a financial crime environment within the financial services industry.
• In-depth knowledge of Sanctions, Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations. (Qualifications would be beneficial)
• Strong written and verbal communication skills, with the ability to present complex information clearly to both internal and external stakeholders.
• Excellent analytical and problem-solving capabilities.

The interview process

We're not a corporation so we try our best to get things moving as quickly as possible. For this role we'd expect:

• A quick phone call with one of the team
• Interview and Assessment with the Head of Fraud & Financial Crime and another key stakeholder within the business
• Video Interview with the Director of Enterprise Risk

Life at Lendable

• The opportunity to scale up one of the world's most successful fintech companies.
• Best-in-class compensation, including equity.
• You can work from home every Monday and Friday if you wish - on the other days, those based in the UK come together IRL at our Shoreditch office in London to be together, build and exchange ideas.
• Enjoy a fully stocked kitchen with everything you need to whip up breakfast, lunch, snacks, and drinks in the office every Tuesday-Thursday.
• We care for our Lendies' well-being both physically and mentally, so we offer coverage when it comes to private health insurance.
• We're an equal-opportunity employer and are looking to make Lendable the most inclusive and open workspace in London.

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