Financial Crime, Lead Risk Associate
Financial Crime, Lead Risk Associate
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Job Description
Were on a mission to make money work for everyone.
Were waving goodbye to the complicated and confusing ways of traditional banking.
After starting as a prepaid card our product offering has grown a lot in the last 10 years in the UK. As well aspersonal and business bank accounts we offer joint accounts accounts for 16-17 year olds a free kids account and credit cards in the UK with more exciting things to come beyond. Our UK customers can also save invest andcombine their pensions with us.
With our hot coral cards and get-paid-early feature combined with financial education on social media and our award winning customer service we have a long history of creating magical moments for our customers!
Were not about selling products - we want to solve problems and change lives through Monzo
London or Remote (UK) 71400 - 90000 share options Benefits Hear from the team
Our Financial Crime team
Were a team of financial crime experts working together to manage and improve Monzos financial crime controls to help Monzo detect deter and prevent financial crime for all its customers across all product and delivery channels. The Customer Decisioning Risk team youll be working with focuses on our customer journeys at signup and during lifecycle making sure that we make the right risk-based decisions about our customers through our risk assessments and screening solutions.
The squad that youll be part of works with dedicated financial crime engineers data scientists and machine learning experts. This enables us to spot assess and build detective and preventive controls quickly.
As an Associate Lead FinCrime Analyst youll play a key role by
- Supporting the development and optimisation of Monzos screening solutions for both customers and payments across multiple jurisdictions.
- Developing strategic relationships with product/platform owners and key business stakeholders to provide expert Fincrime knowledge and define business and functional requirements within screening.
- Being the lead point of contact for Monzos strategic screening suppliers managing our third party relationships and identifying issues and opportunities in the servicing with both compliance and commercial risks in mind.
- Working closely with data analytics and machine learning stakeholders to continue to develop best-in-class detection and prevention capabilities.
- Maintaining a close relationship with our Fincrime operations teams ensuring a high level of coordination and anticipation of impact when scoping change working with operations to manage any changes in demand to reduce impact and defining process requirements for working screening alerts
- Helping to define and interpret key measures and metrics on the performance of screening systems and assisting your senior manager in the preparation of reporting to relevant oversight committees and senior stakeholders across the business.
- Proactively identifying and sharing emerging threats/trends working across Fincrime teams.
- Acting as a single point of contact for both internal and external stakeholders to provide SME knowledge on Monzos screening controls
- Safely scale Monzos screening controls across new products and jurisdictions understanding the nuance of different jurisdictions regulatory expectations.
Wed love to hear from you if
- You have experience of working with both UK and EU financial crime regulations and payment infrastructures (e.g. SEPA SWIFT Bizum) and how they interact cross-border.
- You have experience working with screening solutions and a broad awareness of other systems used to detect and prevent all types of Fincrime.
- Have led or provided significant support for the implementation of improvements to screening or operations-heavy systems in similar organisations.
- You have demonstrable experience of thinking strategically whilst also knowing when a tactical approach is required.
- You have experience of working closely with product data and engineering teams to define build requirements and support from a fincrime risk perspective.
- You are passionate about Fincrime Monzo and putting customers first and working in a fast-paced high-volume environment and thrive when theres ambiguity.
- Youre great at explaining processes and complex technical requirements to people.
- Youre well organised and can work under pressure to tight deadlines.
- You have a track record of demonstrating your strong decision making skills and ability to work to multiple deadlines simultaneously.
- You can be called upon at short notice and with limited context to take the lead on any number of issues or situations.
The application journey has 3 key steps
- Introduction call with a member of the hiring team
- Initial call with the Hiring Manager
- 2-part final stage interview (Technical and Behavioural)
This process should take around 4-6 weeks - your schedule is really important to us so we promise to be as flexible as possible!
We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo You can read them here.
Whats in it for you:
71400 - 90000 share options
This role can be based in our London office but were open to distributed working within the UK (with ad hoc meetings in London).
We offer flexible working hours and trust you to work enough hours to do your job well at times that suit you and your team.
1000 learning budget each year to use on books training courses and conferences.
We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.
Plus lots more! Read our full list of benefits.
Well only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you dont miss out.
Youll hear from us throughout the application process but if youve got any questions please reach out to You can also use this email address to let us know if theres anything we can do to make the process easier for you because of disability neurodiversity or anything else.
#LI-MY1 #LI-REMOTE
Equal opportunities for everyone
Diversity and inclusion are a priority for us and were making sure we have lots of support for all of our people to grow at Monzo. At Monzo were embracing diversity by fostering an inclusive environment for all people to do the best work of their lives with us. This is integral to our mission of making money work for everyone. You can read more in our blog 2024 Diversity and Inclusion Report and 2024 Gender Pay Gap Report.
Were an equal opportunity employer. All applicants will be considered for employment without attention to age ethnicity religion sex sexual orientation gender identity family or parental status national origin or veteran neurodiversity or disability status.
If you have a preferred name please use it to apply. We dont need full or birth names at application stage
Required Experience:
IC
Employment Type
Full Time
