CDD Onboarding Analyst

CDD Onboarding Analyst 

We are hiring  in our beautiful Edinburgh office.

• 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 advance your knowledge of Compliance?

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 securely onboard new 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 Modulite

The Role

Key responsibilities

The CDD Onboarding Analyst is a vital role within Modulr and this role will execute processes to mitigate risks to Modulr as they relate to Money Laundering/Terrorist Financing, Fraud, Sanctions and other Financial Crime risks (such as Anti-bribery & Corruption).

The successful CDD Onboarding Analyst will play a major role in leading and shaping the first line Risk & Compliance function to onboard new clients which will involve CDD checks, AML and adverse media screening, ownership structure reviews, risk assessments, policy reviews and occasional compliance audits with clients.

Specific duties

Depending on the project, you will need to be comfortable doing the following:

• Client Risk Assessments
• 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 

The Team:

As we’re a small team, this is a hands-on role; you’ll need to be comfortable getting into the detail and be happy to suggest improvements.

About you:

The successful CDD Onboarding Analyst will 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

• You’re passionate about protecting the business, whilst also supporting rapid growth.
• You love rolling up your sleeves and doing whatever’s required to achieve the goals of the compliance team and wider business.
• You have experience with onboarding businesses operating in multiple sectors
• You will have experience in reading and understanding company policies and procedures
• You will be comfortable with guiding partners and offering amendments to policies and procedures
• You’re excited about the prospect of 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.
• You’re structured and organised, able to handle the competing pressures of immediate compliance tasks and investigations alongside longer term projects.
• You’re comfortable working in an early-stage business, where time is critical, and things change frequently.
• You’re analytical and can assess risks and define appropriate controls based on these, communicating the links, effectiveness and any potential gaps clearly to others.
• You have an inquisitive mind and proactive approach to problem solving and issue resolution
• You enjoy self-leading and working independently in a fast-paced, constantly changing environment.
• You enjoy sharing your knowledge and sharing your ideas about how we can improve.
• You’ve a strong interest in FinTech and financial crime.

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 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 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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