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- Tasks: Lead AML compliance efforts, mentor staff, and conduct quality assurance in a fast-paced environment.
- Company: Join OpenPayd, a top global payments platform revolutionising banking for businesses worldwide.
- Benefits: Enjoy a £3000 training budget, gym subsidies, early finishes, and 25 days annual leave.
- Why this job: Be part of a mission-driven team focused on innovation and customer experience in fintech.
- Qualifications: 5+ years in AML compliance with strong knowledge of financial regulations and excellent analytical skills.
- Other info: Extra day off for your birthday and opportunities for social volunteering.
The predicted salary is between 48000 - 72000 £ per year.
OpenPayd is a leading global payments and banking-as-a-service platform for the digital economy. Through its API-driven technology, businesses can embed financial services into their products and create seamless user experiences needed to drive business growth. OpenPayd’s platform removes the need to contract with multiple providers for different services and across different markets. Instead, businesses can access accounts, FX, international and domestic payments, and Open Banking services globally via a single API integration. OpenPayd is committed to providing businesses with a fully compliant solution across all markets, leaving your business to focus on growth.
Our Mission
Our mission is to ‘To open up banking and payments for business globally, through a modular platform’. We believe that all businesses regardless of their scale or industry should be able to leverage the best payment and banking services. We believe in providing our services through a simple, flexible, and scalable platform.
How will you add value to the OpenPayd journey?
- Working in a dynamic, fast-paced environment with industry-leading colleagues who have the customer experience at the forefront of their daily activities.
- Delivering training within the department and mentoring 1st and 2nd line staff as well as new starters.
- Conducting quality assurance on applications and providing SME feedback.
- Conducting compliance calls with clients, ultimately assessing the clients' controls and compliance programs.
- Resolving escalations and making risk-based decisions on new business.
- Overseeing the AML risk assessment process, ensuring that risks are effectively identified, assessed, and mitigated.
- Proactively identifying and sharing areas for improvement in the due diligence processes and procedures.
- Leading the investigation of suspicious transactions and activities, preparing detailed reports for regulatory authorities as required.
- Preparing and presenting regular reports to senior management and the board on the status of the AML program, including metrics on compliance efforts and identified risks.
- Supporting and coordinating commercial teams in qualifying and onboarding potential clients.
- Analysing transactions for suspicious activity.
- Working closely with the tech teams to automate the onboarding process.
The ideal candidate will have the following:
- An expert in Compliance with a comprehensive knowledge and experience within Financial Services Compliance with a minimum of 5 years AML experience.
- In-depth knowledge of AML, CTF, and Financial Services regulations, as well as industry best practices for robust AML Frameworks.
- Background in CDD and ongoing assurance of complex client types and corporate structures.
- Proven experience in the UK/EU regulated financial services sector - preferably within a fintech, challenger bank, correspondent banking, or consultancy firm.
- Experience working with Digital Asset service providers is beneficial.
- The ability to self-manage, organise competing priorities effectively and meet deadlines.
- Ability to mentor, and deliver training in a confident cohesive manner.
- You enjoy working efficiently in a fast-paced, high-volume environment and thrive when there’s ambiguity.
- Experience of working in fintech.
- Strong analytical skills, problem-solving ability and attention to detail.
- Good interpersonal skills.
- Ability to communicate both orally and in writing, and be able to present credibly and professionally to senior management.
Our perks and benefits
- Personal training budget - £3000.
- Health, Dental, Life Insurance.
- Gym membership subsidised - £80 towards any gym.
- Annual bonus scheme.
- 25 days annual leave plus the Bank Holidays.
- Extra day off for your Birthday and social volunteering.
- Early 4 pm finish on Fridays.
We’d like you to take a read of our Talent Acquisition Privacy Notice which explains how we collect and process your personal data. Please read our notice carefully. By submitting the application button, we will consider that you are aware of it. We are looking forward to receiving your CV.
To all recruitment agencies: OpenPayd does not accept speculative agency resumes. Please do not forward resumes to our jobs alias, OpenPayd employees or any other company location. OpenPayd is not responsible for any fees related to unsolicited resumes. OpenPayd will only accept CVs from partners with relevant agreement via the People and Talent team only.
Senior AML Compliance Executive employer: OpenPayd
Contact Detail:
OpenPayd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior AML Compliance Executive
✨Tip Number 1
Familiarise yourself with the latest AML and CTF regulations, especially those relevant to the UK and EU. Being well-versed in these regulations will not only help you during interviews but also demonstrate your commitment to compliance.
✨Tip Number 2
Network with professionals in the fintech and compliance sectors. Attend industry events or webinars to connect with potential colleagues at OpenPayd and gain insights into their company culture and expectations.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed AML compliance in previous roles. Highlight your experience with complex client types and your ability to mentor others, as these are key aspects of the role.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've identified and mitigated risks in past positions. This will illustrate your problem-solving abilities and attention to detail, which are crucial for the Senior AML Compliance Executive role.
We think you need these skills to ace Senior AML Compliance Executive
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior AML Compliance Executive position. Tailor your application to highlight your relevant experience in compliance, particularly in AML and CDD.
Highlight Relevant Experience: In your CV and cover letter, emphasise your minimum of 5 years of AML experience and your background in the UK/EU regulated financial services sector. Use specific examples to demonstrate your expertise in compliance and risk assessment.
Showcase Your Skills: Make sure to showcase your analytical skills, problem-solving abilities, and attention to detail. Mention any experience you have with digital asset service providers or fintech environments, as this will strengthen your application.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also conveys your enthusiasm for OpenPayd's mission. Discuss how you can contribute to their goal of providing compliant solutions and enhancing customer experiences.
How to prepare for a job interview at OpenPayd
✨Showcase Your AML Expertise
Make sure to highlight your extensive knowledge of AML, CTF, and Financial Services regulations during the interview. Be prepared to discuss specific frameworks you've implemented or worked with, as well as any relevant experiences in the UK/EU regulated financial services sector.
✨Demonstrate Problem-Solving Skills
Given the fast-paced environment at OpenPayd, it's crucial to showcase your analytical skills and problem-solving abilities. Prepare examples of how you've effectively identified and mitigated risks in previous roles, especially in relation to suspicious transactions.
✨Prepare for Training and Mentoring Questions
As the role involves delivering training and mentoring staff, be ready to discuss your experience in these areas. Think of specific instances where you successfully trained others or improved processes, and how you can bring that expertise to OpenPayd.
✨Communicate Clearly and Professionally
Since you'll be presenting reports to senior management, practice articulating your thoughts clearly and professionally. Use concise language and be prepared to answer questions about your reports, demonstrating your ability to communicate complex information effectively.