At a Glance
- Tasks: Lead a global compliance testing programme and ensure effective AML, CTF, and consumer compliance controls.
- Company: Join LemFi, a fast-growing fintech revolutionising cross-border financial services for immigrants.
- Benefits: Competitive salary, flexible work environment, and opportunities for professional growth.
- Other info: Dynamic team culture with a focus on innovation and collaboration.
- Why this job: Make a real impact in the financial sector while supporting a diverse global community.
- Qualifications: 6 years in AML compliance, with 3 years in a managerial role; strong regulatory knowledge required.
The predicted salary is between 35000 - 45000 £ per year.
About Our Company
Lem Fi (YC S21, Series B) is revolutionizing cross-border financial services for immigrants through its multi-currency platform, processing over $1 billion in monthly transactions.
We provide instant remittances, foreign exchange services, and multi-currency accounts, all in one seamless experience.
With 300+ employees across 15+ countries, we’ve secured our Series B funding from top investors like Highland Europe, Left Lane Capital, and Y Combinator.
Our vision is to build the first full-stack financial services hub for the world’s immigrant population.
Job Summary
The Compliance Testing Manager role at Lem Fi will be responsible for developing and overseeing a global compliance testing program to assess the effectiveness of AML, CTF, sanctions, and consumer compliance controls across the US, UK, Canada, and other jurisdictions.
The role includes designing and executing regular control testing, leading the model validation program, and ensuring proper documentation and follow-up on identified issues.
The manager will support audit project management efforts, collaborate with key stakeholders to implement corrective actions, and report findings to the Board of Directors.
They will also lead the Quality Assurance team by setting KPIs and driving performance evaluations to maintain high standards across all compliance functions.
Responsibilities
- Develop and maintain a global compliance testing program with testing scopes to evaluate AML, CTF, sanctions, and consumer compliance programs (including GLBA) for Lem Fi in the United States, United Kingdom, Canada, and other global jurisdictions.
- Conduct regular testing on compliance processes and controls according to an annual testing schedule.
- Build and oversee the model validation program and control testing to ensure processes and controls mitigate regulatory risk effectively.
- Adequately document the evaluation of the effectiveness of internal controls.
- Follow up with key stakeholders on identified compliance issues and ensure timely, appropriate corrective action plans.
- Assist Compliance Officers with project management for all Compliance audits, including independent, state, and federal regulatory audits.
- Report testing program results and corrective actions to the Board of Directors; manage and lead the Quality Assurance team, including setting KPIs and conducting performance reviews.
Requirements
- Total of 6 years of experience in AML and sanctions compliance
- Minimum of 3 years in a Manager-level compliance testing role
- Advanced knowledge of US BSA/AML, CTF, and sanctions regulations (particularly for banks and MSBs)
- Direct experience developing and managing BSA/AML, CTF, and sanctions testing programs
- Demonstrated knowledge of US consumer compliance regulations and testing standards
- Prior direct experience managing a team of compliance staff
- Candidate Qualities
- Flexibility: Willingness to explore different ways of doing things and adapt approaches as needed.
- Critical Thinking: Ability to define issues clearly and solve them with data, facts, and observations.
- Seniority level
- Mid-Senior level
- Employment type
- Full-time
- Job function
- Quality Assurance
- #J-18808-Ljbffr
Compliance Testing Manager employer: LemFi
LemFi is an exceptional employer that values innovation and community engagement, particularly within the Ghanaian diaspora in the UK. With a dynamic work culture that encourages collaboration and creativity, employees benefit from ample growth opportunities and the chance to make a tangible impact in the fintech space. The company's commitment to understanding and serving its communities sets it apart, making it a rewarding place for those looking to drive meaningful change.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Testing Manager
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like LemFi looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance Testing Manager
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at LemFi. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at LemFi
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with LemFi’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
