Financial Crime Analyst - Screening 

Amsterdam, Netherlands 

• 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 the opportunity to play an important role in a rapidly growing and exciting Fintech business? 

About us 

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment schemes, accounts, and card products.   

We have created an industry-leading API platform with comprehensive online tools and 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 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. Modulr 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 schemes across UK and Europe.   

Our regulatory permissions and governance structure are the foundations of 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; going that extra mile. 

• Owning the opportunity; be passionate and proud of the time you invest. 

• Move at pace; reach goals faster whilst supported on your career journey. 

• Achieve it together, working collaboratively and being a Modulite. 

About the Role 

The first line Risk & Compliance function executes processes to mitigate financial crime risks to Modulr relating to Money Laundering/Terrorist Financing, Fraud, Sanctions, Anti-bribery & Corruption.  This role is focussed on the screening of customers and transactions for risks associated to PEP’s, sanctions, adverse media, fitness/probity, and other warnings from regulators, ensuring that any such risks are identified and mitigating actions taken in line with Modulr’s regulatory obligations and AML Policy. 

As we are a small team, this is a hands-on role; you will need to be comfortable handling complex cases and using your own initiative to solve problems and drive continuous improvements in the team’s processes.  This is an opportunity to be a part of our Amsterdam team, as we continue our growth into Europe while working closely with stakeholder in our other offices in Edinburgh and London.

The key tasks of your role will include: 

• Investigating both customer and transaction related alerts generated from our diverse customer base.
• Reporting suspicious activity internally to the Compliance Officer.
• Supporting financial crime prevention across the wider business and Modulr partnerships and ensuring Modulr’s agents, distributors and outsourced service providers are also performing screening to the required standard. 
• Support with external reporting to enforcement agencies such as FIU NL / DNB where required and in line with Modulr’s regulatory responsibilities.
• Analysis and insight into current trends, themes, and overall control effectiveness.
• Stakeholder Engagement (Internal and External). 

 About You

• A (high-level) understanding of local regulations such as the Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft), Sanctiewet 1970 and Wet op het financieel toezicht (Wft). This knowledge is important to ensure compliance with Dutch financial laws and to effectively manage regulatory risks (together with 2nd line team).
• Be a subject matter expert in Screening in the EU.
• You are passionate about protecting the business, whilst also supporting rapid growth.
• You love rolling up your sleeves and doing whatever is required to achieve the goals of the compliance team and wider business.
• You are excited about the prospect of supporting the lead analyst in improving and evolving existing compliance processes to ensure the compliance programme continues to be aligned to the business’s growth plans.
• You are structured and organised and able to handle the competing pressures of compliance tasks and investigations from several different workstreams.
• You are comfortable working in an early-stage business, where time is critical, and things change frequently.
• You are analytical and inquisitive by nature.
• You can structure investigations in a clear and concise manner.
• You have an inquisitive mind and proactive approach to problem solving and issue resolution.
• You enjoy self-leading and working independently when required in a fast-paced, constantly changing environment.
• You enjoy sharing your knowledge and sharing your ideas about how we can improve.
• You have a strong interest in FinTech and financial crime prevention within this sector. 

Skills and experience we are interested in:  

• Strong awareness of current Money Laundering Modus Operandi and ability to identify these through transactional analysis.
• Experience working as part of a Screening and/or Transaction Monitoring Unit within financial services.
• Experience of completing as well and peer reviewing Unusual Activity/Transaction Reports (UAR/UTRs)
• Awareness of the regulatory landscape Modulr operates in including Dutch regulations such as Wwft, Sanctiewet 1970 and Wft
• Use of industry guidance material from FATF/JMLSG
• ICA qualifications (or equivalent)
• Intermediate Excel skills.  

What can Modulr offer you 

You will be part of a cross disciplinary team(s), with co-workers located in Edinburgh, London, Amsterdam, and India. 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.  

• Share Options Incentive Scheme.
• Company Bonus - the more successful we are together, the greater the reward.
• Flexible benefits – over €1,000 a year to spend on anything you like i.e you can add it to your pension or use to towards travel.
• Pension - we contribute 10% of your pensionable salary into our company pension scheme
• Share options - you will be offered Modulr share options depending on your level and issued the January following your joining date
• 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 2-day onboarding programme, called ModStart, to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But we do not want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels and platforms.
• Modulr hands-on - join your colleagues for 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 ask our team members to be based in the office 4 or more days a week. We have state of the art offices located in Exchange Cresent Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.  

ModInclusion 

At Modulr, we are working hard to build a more positive diverse and inclusive culture that helps everyone to feel they belong and can truly bring their whole self to work. Not only is it the right thing to do for everyone in the Modulr team, it’s also the right thing to do for our business, the community we operate in and attracting future talent. As part of our approach, we actively welcome applications from candidates with diverse backgrounds. 

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.