Financial Crime Risk Manager (MLRO)

ABOUT TIDE

At Tide we help SMEs save time (and money) in the running of their businesses by not only offering business accounts and related banking services but also a comprehensive set of highly usable and connected administrative solutions from invoicing to accounting.

Tide is transforming the small business banking market with over 1.6 million members globally across the UK India Germany and France. Using advanced technology all solutions are designed with SMEs in mind. With quick onboarding low fees and innovative features we thrive on making data-driven decisions to help SMEs save both time and money.

Tide facts:

• Tide is available for UK Indian German and French SMEs
• Over 1.6 million members: 800000 UK and 800000 in India and growing rapidly
• Over $200 million raised in funding
• Over 2500 Tideans globally - were diversity champions!
• We have offices in Central London with a member support and technology centre in Sofia Bulgaria technology centres in Serbia Romania Lithuania and Hyderabad and offices in Gurugram and New Delhi India

ABOUT THE TEAM

We are a dynamic forward-thinking group of professionals deeply committed to supporting Tide in its growth while maintaining the highest standards of regulatory compliance and risk management. We have great cross-collaboration both within and outside the team and we pride ourselves on our team culture ways of working and the support we provide to each other and to the business.

In joining the Compliance Team you will be part of a supportive and knowledgeable group with opportunities to work on complex high-impact projects that contribute directly to Tides success and growth. Youll be encouraged to bring new ideas challenge the status quo and take ownership of key compliance initiatives

ABOUT THE ROLE

The MLRO (Money Laundering Reporting Officer) is responsible for making sure the company follows all relevant anti-money laundering (AML) and counter-terrorist financing (CTF) laws regulations and internal policies in Germany. The MLRO will also serve as the main point of contact for German financial intelligence units (FIUs) and regulators. The German MLRO will report into Tide European MLRO.

• Regulatory Compliance:
• Oversee and ensure compliance with German AML/CTF laws regulations and BaFIN CSSF circulars via Passporting to Germany
• Oversee and ensure compliance with BaFin AML/CTF laws & regulations
• Stay up to date with changes in European and Luxembourgish AML/CTF laws and regulations and update internal policies and procedures as needed.
• Reporting:
• Act as the primary contact point for the Financial Intelligence Unit (FIU) and BaFin.
• Receive and investigate suspicious transaction reports (STRs) and suspicious activity reports (SARs).
• File STRs/SARs with the FIU when appropriate.
• Policy & Procedures:
• Implement and maintain robust AML/CTF policies procedures and controls across Germany
• Conduct regular reviews and updates of AML/CTF framework to ensure its effectiveness.
• Risk Management:
• Lead the AML/CTF risk assessment process identifying and mitigating money laundering and terrorist financing risks.
• Provide guidance on complex AML/CTF issues and high-risk client relationships.
• Training:
• Deliver comprehensive AML/CTF training programs for all relevant staff members.
• Ensure staff are aware of their AML/CTF obligations and responsibilities.
• Oversight & Monitoring:
• Oversee the client onboarding process ensuring proper Know Your Customer (KYC) and Customer Due Diligence (CDD) procedures are followed.
• Monitor transactions and customer behavior for suspicious patterns.
• Internal Communication:
• Report regularly to senior management and the European MLRO on AML/CTF matters including compliance status identified risks and remediation efforts.
• Collaborate with Legal Compliance 1st Line Operations to ensure a cohesive approach to AML/CTF.

WHAT WE ARE LOOKING FOR

• Minimum of 5 years of practical experience in financial crime roles within a UK or European Banking Authority supervised firm preferably CSSF or BaFin regulated financial services firms and has a good understanding of best practice. Its important that you are a free thinker and someone who wants to go over and above to improve the way things are.
• Experience engaging with Financial Intelligence Units or other law enforcement organisations in the EU (Raising SARS etc).
• Seasoned decision maker capable of making risk decisions on suspicions transactions PEPs etc.
• Experience in conducting Financial Crime risk assessments and ability to communicate effectively with 1LOD teams to ensure they understand the risks in their area.
• Understanding and oversight of Key financial Crime risk indicators and metrics
• Capability to create metrics and then summarise them into an easily digestible report which calls out the key trends on a monthly basis for senior stakeholders at governance forums
• Excellent verbal written and interpersonal communication skills in English & German.
• A real passion for fighting financial crime. At Tide we really care about the impact we made on the wider field when it comes to reducing financial crime.
• Participating in external forums and engaging with other Financial Institutes to have an impact is a another area we would want you to be passionate about
• Must be self-motivator self-starter and ability to work independently and has a genuine passion for financial crime.
• Are passionate about using technology excited about the prospect of building from the beginning and scaling and really getting to grips with products and financial crime risk associated with them
• The ability (and enjoy) to multitask and successfully operate in a fast paced team environment will be key to your success at Tide. Must adapt well to change and successfully set and adjust priorities as needed.

WHAT YOU WILL GET IN RETURN

Our location-specific employee benefits are designed to cater to the unique needs of Tideans:

• 25 days of paid leave per year
• Additional 3 days of paid leave for volunteering or L&D
• We invest in your development with a EUR 1000 professional L&D budget per year
• Share options
• Extended Parental Leave
• Mental health support through Plumm
• A one-off home office budget
• Work and travel globally - up to 90 days per country outside of your home country
• Team socials
• Sabbatical Leave
• Option to take your your work device as your own (eligibility applies)

TIDEAN WAYS OF WORKING

At Tide we champion a flexible workplace model that supports both in-person and remote work to cater to the specific needs of our different teams.

While remote work is supported we believe in the power of face-to-face interactions to foster team spirit and collaboration. Our offices are designed as hubs for innovation and team-building where we encourage regular in-person gatherings to foster a strong sense of community.

TIDE IS A PLACE FOR EVERYONE

At Tide we believe that we can only succeed if we let our differences enrich our culture. Our Tideans come from a variety of backgrounds and experience levels. We consider everyone irrespective of their ethnicity religion sexual orientation gender identity family or parental status national origin veteran neurodiversity or differently-abled status. We celebrate diversity in our workforce as a cornerstone of our success. Our commitment to a broad spectrum of ideas and backgrounds is what enables us to build products that resonate with our members diverse needs and lives.

We are One Team and foster a transparent and inclusive environment where everyones voice is heard.

At Tide we thrive on diversity embracing various backgrounds and experiences. We welcome all individuals regardless of ethnicity religion sexual orientation gender identity or disability. Our inclusive culture is key to our success helping us build products that meet our members diverse needs. We are One Team committed to transparency and ensuring everyones voice is heard.

• Tide doesnotcharge any fees at any stage of the recruitment process.
• All official Tide job opportunities are listed exclusively on ourCareers Pageand applications should be submitted through this channel.
• Communication from Tide will only come from an official@tide.coemail address.
• Tide does not work with agencies or recruiters without prior formal engagement and we do not authorize third parties to make job offers on our behalf.

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