Corporate Onboarding Associate - CDD & Audit

Edinburgh

• Are you curious, excited by experimentation and always looking for a better way of doing things?  
• Do you want to keep learning and developing whilst getting hands-on, payment-building experience?
• Do you want to have the opportunity to play and important role in a rapidly growing fintech?

If so, we would love to hear from you!

We are looking to hire high-energy, and value-adding talent to join Modulr, the fastest growing payments business in the UK and Europe, to lead and manage CDD & Compliance Assessments of our clients.

 About Us

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables thousands of businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment methods, accounts, and card products. We’ve created an industry-leading platform with comprehensive online tools and API access, to meet the demands of daily business payments. We are connected to an expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS. Our payments expertise and extensive product capability also enables us to build tailored solutions to solve complex payment problems for hundreds of clients in a range of industries, including Travel, Merchant Payments, Lending, Wage Advance and Investment & Wealth. We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs and hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in 11 currencies. We are principal issuing members of Visa and Mastercard across UK and Europe. Our regulatory permissions and governance structure underpin our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank. Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by the venture arms of payments giants PayPal and FIS, as well as growth investors Blenheim Chalcot, General Atlantic, Frog Capital and Europe. Modulr now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam and Mumbai.

Modulr values

• Building the extraordinary and going that extra mile 
• Owning the opportunity, be passionate and proud of the time you invest 
• Move at pace, reach your goals faster with us supporting you each step of the way
• Achieve it together, working as a team and being a Modulite

The Role

The Corporate Onboarding Associate is responsible for leading and managing CDD & Compliance Assessments of our clients. Working in the First Line CDD Operations Function, the team are responsible for mitigating risks to Modulr as they relate to the provision of our services as an Electronic Money Institution, with a heavy focus on AML, CTF and Sanction control frameworks, but also considering other key aspects such as proposition, consumer duty and value to the market where applicable. With an ever-changing regulatory environment, we are looking for someone who displays a keen sense of professional curiosity and willingness to review and consider all aspects of compliance as set out in the regulations, providing support and advice to other teams within the business. As a team in phase of growth, this is a great opportunity for someone to help shape and deliver a market leading proposition.

 Specific duties

• Performing Client Risk Assessments
• Corporate Onboarding - Customer Due Diligence (including Simplified and Enhanced Due Diligence)
• Performing Partner Audits (Internal and External)
• Stakeholder Engagement (Internal and External)
• Screening for Politically Exposed Persons and Sanctioned Individuals
• Reviewing Policies and Procedures and recommending amendments or changes to these documents in line with Modulr compliance requirements.

About you:

The successful Corporate Onboarding Associate have a track-record in delivering results in a fast-moving business and hence be comfortable with change and uncertainty. Excellent stakeholder management experience is essential to being successful in this role.

 The Ideal Candidate

Regulatory Knowledge:

Demonstrate comprehensive knowledge of industry regulations, laws, and guidelines. Continuous Learning: you have a strong interest in Fintech and financial crime, keeping abreast of changes in regulations and compliance requirements.

Experience Industry

Previous experience in a compliance role, ideally in corporate onboarding across various sectors and jurisdictions. Regulatory Interactions: Experience performing AML and Compliance audits and successfully managing remediation of findings. Direct experience in Corporate Onboarding Client Due Diligence [KYB] –or refresh experience; ideally with direct exposure to enhanced risk assessment in a corporate onboarding environment & / or European Corporate Client Due Diligence [KYB]

Analytical Skills 

Ability to analyse complex data sets and identify trends or anomalies. Problem-Solving: Strong problem-solving skills to address compliance issues effectively.

Attention to Detail

Meticulous attention to detail to ensure accuracy in compliance documentation and reporting. Risk Identification: Ability to identify potential compliance risks and implement mitigation strategies.

Clear Communication

Strong verbal and written communication skills to articulate compliance issues and requirements. Stakeholder Engagement: Ability to interact effectively with various stakeholders, including clients, senior management and colleagues.

Ethical Judgement and Integrity:

High ethical standards and the ability to make decisions that uphold the integrity and reputation of the organisation. Confidentiality: Maintaining confidentiality of sensitive information.

Project Management

Organisational Skills: structured and organised, able to handle the competing pressures of immediate compliance tasks and investigations alongside longer term projects. Time Management: Effective time management skills to meet deadlines and prioritize tasks.

Leadership

taking ownership of compliance processes, whilst ensuring that they evolve so that the compliance programme continues to be aligned to the business’s growth plans.

Decision-Making:

Strong decision-making capabilities, especially in high-pressure situations.

Critical Thinking Assessing Impact

Ability to assess the impact of regulatory changes on the organisation and develop strategies to address them. Innovative Solutions: Developing innovative solutions to compliance challenges.

Adaptability

Passionate about protecting the business, whilst also supporting rapid growth by:

Flexibility

Ability to adapt to changing regulatory environments and organizational needs.

Resilience

Staying resilient in the face of challenges and setbacks. These attributes help ensure that a Senior Compliance Analyst can effectively manage compliance risks and contribute to the overall integrity and success of the organization.

What can Modulr offer you

You’ll be part of a cross disciplinary team(s), some might be in Edinburgh, London, or Amsterdam. We are friendly and sociable, challenging but rewarding. We want you to push yourself and for us to support you in your future as we scale up and grow. Our culture and values are putting you first and are about investing in your future.

• Share Options Incentive Scheme
• Company Bonus - the more successful we are together, the more company bonus we offer
• Enhanced Pension
• Flexible benefits - £1000 to spend on a variety of benefits for you to choose from which suit your lifestyle and needs
• Perkbox - enjoy freebies and discounts on many other products and services
• 33 days holiday (including bank holidays) + your birthday off - choose which days you take off to relax and/or spend time with loved ones
• Learning Opportunities – on joining Modulr you will embark on our 3-day onboarding programme to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But, we don’t want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels and platforms to allow you to grow and develop in Modulr.
• Modulr hands-on - join your colleaguesfor our company wide events throughout the year.
• Great workspace - Modulr thrives on innovation which is best done through in-person collaboration. This approach enables us to work together closely, exchange ideas, and create innovative solutions that drive our success. We have state of the art offices located in Exchange Crescent in Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.

ModInclusion 

We believe that by seeing Modulr, and the world, from all sorts of angles, we can make life better for all.​ We want you to know that the things that make you, you — like your identity, age, ability, and background — are things that we will always celebrate and support with open arms.  As such, we are keen to maximise the diversity of our workforce and actively encourage applications from anyone and everyone.

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By submitting your CV you understand that we have a legitimate interest to use your personal data for the purposes of assessing your eligibility for this role.  This means that we may use your personal data to contact you to discuss your CV or arrange an interview, or transfer your CV to the hiring manager(s) of the role you have applied for.  You can ask us at any time to remove your CV from our database by emailing peopleops@modulrfinance.com – but please note that this means we will no longer consider you for the role you have applied for.