Financial Crime Compliance Associate

Reporting to the Financial Crime Risk Manager, you will play a pivotal role in Second Line Assurance, conducting comprehensive end-to-end control testing to strengthen Lendable’s defences against Anti-Money Laundering (AML), Terrorist Financing, Proliferation Financing, Sanctions, and Anti-Bribery and Corruption. 

As part of a close-knit team, you’ll have the chance to shape your role and advance your career as the business continues to grow.

• Accountability for identifying, assessing, and managing financial crime risks. This includes ensuring that risks are clearly documented and understood at all levels.

• 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 policies, procedures and governance documents are in place and align with the firm's financial crime framework

This role requires an 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 objective of the second line Financial Crime Function is to provide independent oversight, guidance, and challenge to ensure that the firm effectively manages financial crime risks, such as money laundering, fraud, and terrorist financing. Its primary role is to ensure that appropriate risk management processes are in place and functioning as intended, while also ensuring compliance with relevant regulations.

• 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

• Offer guidance and support to the first line of defence on matters related to financial crime).

• Conduct quality assurance (QA) reviews of high-risk processes to ensure alignment with established policies.

• Compile regular QA reports, highlighting key findings and outlining remedial action plans.

• Contribute to the annual financial crime risk assessments to maintain the effectiveness of the control framework.

• Conduct gap analysis against Dear CEO letters and FCA fine reviews.

• Deliver prompt and accurate responses to financial crime-related queries directed to the Second Line Team.

What we’re looking for

• Proven experience in the financial services sector, with a strong understanding of industry best practices and regulatory frameworks; familiarity with retail banking or FinTech is highly desirable.

• Educated to degree level or holding a relevant compliance qualification (e.g., ICA Certification in Financial Crime or AML/CTF).

• Possesses a strong work ethic, sound judgment, and the ability to make well-informed decisions.

• Exceptional communication skills, both written and verbal.

• Comprehensive knowledge or willingness to learn about Financial Crime guidance and regulation including; the FCA Handbook, particularly the Financial Crime Guide, and the JMLSG Guidance.

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

• A task to complete (this will take no longer than an hour)

• Video Interview with the Financial Crime Risk Manager to discuss your task

• Video Interview the Director of Enterprise Risk