Thursday , March 30 2023

Monzo Bank Jobs – Senior Financial Crime Manager

Website Monzo Bank

Job Description:

We’re looking for an exceptional Financial Crime Senior Manager to drive forward the development of our Signup and Screening capabilities. You will lead a team to deliver improvements to the data feeds and controls that detect and prevent Financial Crime risk at onboarding across all our products and delivery channels. Your technical knowledge will ensure we’re protecting Monzo and our customers from all Financial Crime risks, but also ensures we maintain the exceptional customer experience Monzo is known for.
We need someone who really understands the Financial Crime regulatory framework, including expert practical knowledge of Sanctions legislation and regulations relevant to Monzo. You’ll also have expert knowledge in how to develop systems, rules and models to most effectively detect and prevent all types of Financial Crime at onboarding and manage Sanctions risks to Monzo.
You should know that we fight Financial Crime a little differently at Monzo. You’ll work in a team with dedicated Financial Crime engineers, data scientists and machine learning experts, which helps us to spot, assess and prevent crime quickly. We choose not to split out different areas of crime, either. Instead we tackle all Financial Crime together as one team. That includes AML, fraud, sanctions breaches, terrorist financing, bribery and corruption and tax evasion.


Job Responsibilities:

  • Coordinating the activity of data and machine learning experts to develop industry leading detection capabilities at Signup.
  • Leading the teams responsible for delivering improvements across multiple core Fincrime detection and prevention systems and processes.
  • Proactively identifying and sharing emerging threats/trends using your excellent data and analytics skills, working across all Fincrime teams.
  • Developing strategic relationships with product/platform owners and senior stakeholders to provide expert fincrime knowledge and define business and functional requirements.
  • Identifying the highest priority issues or problem areas and working with other members of the Fincrime Team to drive forward solutions.
  • Providing expert knowledge in Sanctions legislation, regulations and best practice relevant to Monzo. This will include providing advice on developments to controls required to effectively implement UK, EU and US Sanctions.
  • Owning the strategy for the development of Signup and Screening controls, including ID&V, Customer Screening, Payments Screening, Digital Identity and Identity Fraud detection.
  • Building a close relationship with our Fincrime operations teams, ensuring sufficient communication and knowledge sharing on improvements to Signup and Screening capabilities.
  • Work closely with Product teams across all Monzo products to ensure the appropriate controls in place to manage Financial Crime risk to support rapid and safe business growth.
  • Defining and interpreting key measures and metrics on the performance of key systems and reporting this to relevant oversight committees and senior stakeholders across the business.

Job Requirements:

  • You have a track record of demonstrating your strong decision making skills and ability to work to multiple deadlines simultaneously.
  • You are passionate about Fincrime, Monzo and putting customers first.
  • Have expert knowledge of UK, EU and US Sanctions legislation and regulation and understanding how to implement these in practice.
  • You’re great at explaining processes and complex technical requirements to people, and have flawless written English.
  • Have led the implementation of improvements to Signup and Screening systems in similar organisations.
  • You’re keen to get stuck in and make things happen, without waiting for someone else or always needing to delegate.
  • You’re comfortable working with data and using it to come up with recommendations.
  • You’re well organised and can work under pressure to tight deadlines.
  • You have significant experience working in Financial Crime and with systems used to detect and prevent all types of Fincrime.
  • You have experience of leading a wide range of Fincrime professionals and technical experts
  • You enjoy working efficiently in a fast-paced, high-volume environment and thrive when there’s ambiguity.
  • Strong ability to analyse data to identify patterns and trends and draw conclusions that improve our detection capabilities.
  • You’re comfortable working with product managers, engineers, data scientists and identifying operational requirements.

Job Details:

Company: Monzo Bank

Vacancy Type:  Full Time

Job Location: Cardiff, Wales, UK

Application Deadline: N/A

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