At a Glance
- Tasks: Lead a global compliance testing programme and ensure regulatory standards are met.
- Company: Join LemFi, a pioneering fintech company transforming cross-border financial services.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Other info: Dynamic environment with a focus on innovation and career advancement.
- Why this job: Make a real impact in compliance while working with a diverse, global team.
- Qualifications: 6 years in AML compliance, with 3 years in a managerial role.
The predicted salary is between 48000 - 72000 € per year.
About Our Company
LemFi (YC S21, Series B) is revolutionising 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 have 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 LemFi 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 LemFi 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
Compliance Testing Manager in London employer: LemFi
LemFi is an exceptional employer that champions innovation and inclusivity in the financial services sector, particularly for immigrants. With a dynamic work culture that fosters collaboration and growth, employees benefit from opportunities to lead impactful projects while being part of a diverse team across multiple countries. The company prioritises professional development and offers a supportive environment where compliance professionals can thrive and make a meaningful difference in the lives of their clients.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Testing Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the compliance field, especially those at LemFi or similar companies. A friendly chat can open doors and give you insights that might just help you land that Compliance Testing Manager role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of AML, CTF, and sanctions regulations. We want to see you confidently discuss how you've tackled compliance challenges in the past. Show us your critical thinking skills!
✨Tip Number 3
Don’t forget to showcase your flexibility during interviews. Share examples of how you've adapted your approach in previous roles. We love candidates who can think on their feet and adjust to new situations!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows us you're genuinely interested in being part of the LemFi team. Let’s make it happen!
We think you need these skills to ace Compliance Testing Manager in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Compliance Testing Manager role. Highlight your experience in AML, CTF, and sanctions compliance, and don’t forget to showcase any leadership roles you've had. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance and how your background makes you a perfect fit for LemFi. Keep it engaging and relevant to the job description – we love a good story!
Showcase Your Achievements:When detailing your experience, focus on your achievements rather than just listing duties. Use numbers and examples to demonstrate how you've made an impact in previous roles. We appreciate candidates who can quantify their success!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at LemFi
✨Know Your Compliance Stuff
Make sure you brush up on your knowledge of AML, CTF, and sanctions regulations. Be ready to discuss how you've applied this knowledge in previous roles, especially in compliance testing. The more specific examples you can provide, the better!
✨Showcase Your Leadership Skills
As a Compliance Testing Manager, you'll be leading a team. Prepare to talk about your experience managing teams, setting KPIs, and driving performance evaluations. Share stories that highlight your ability to motivate and guide others.
✨Be Ready for Scenario Questions
Expect questions that put you in hypothetical situations related to compliance issues. Think through how you would handle various scenarios, such as identifying a compliance breach or implementing corrective actions. This will show your critical thinking skills.
✨Understand LemFi's Vision
Familiarise yourself with LemFi's mission and the immigrant financial services landscape. Being able to connect your compliance expertise to their vision will demonstrate your genuine interest in the role and the company.
