Financial Crime Analyst

Financial Crime Analyst 

Edinburgh, United Kingdom 

• 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? 

If so, we would love to hear from you! 

We are a young company growing fast. Our vision is to be the embedded payments leader, enabling any software platform to become a payments business. We deliver a complete digital payments service which our customers embed in their software via our API-first platform.  

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 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 ongoing transaction monitoring of existing clients to ensure financial crime risks are mitigated, and suspicious activity is investigated/reported in line with Modulr’s regulatory obligations. 

 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. 

 The key tasks of your role will include: 

• Investigating transaction monitoring alerts generated from our diverse customer base. 
• Reporting suspicious activity internally to the MLRO as well as externally to the National Crime Agency (NCA). 
• Supporting financial crime prevention across the wider business and Modulr partnerships through the review of Internal SARs. 
• Analysis and insight into current trends, themes, and overall control effectiveness 
• Stakeholder Engagement (Internal and External) 

 About You: To join us as a Financial Crime Analyst, you’ll need:  

• 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 Transaction Monitoring Unit within financial services. 
• Experience of completing as well and peer reviewing Suspicious Activity Reports (SAR’s) Awareness of the regulatory landscape Modulr operates within. 
• Use of industry guidance material from FATF/JMLSG 
• ICA qualifications (or equivalent) 
• Intermediate Excel skills.  

  Align to our values... 

We believe in The Modulr Way. Our Modulites work to: 

• Build the extraordinary: Ambition and commitment 
• Own the opportunity: Ownership and accountability 
• Move at pace: Performance and quality 
• Achieve it together: Honesty and respect 

We look to build great things, collaboratively and collectively, and every Modulite is empowered to drive their own contribution. 

What can Modulr offer you

• Share Options Incentive Scheme
• 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 WeWork in Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.

Life at Modulr 

You’ll be part of a cross disciplinary team(s), some might be in Edinburgh, London, Dublin or Amsterdam. We are a challenging organisation but rewarding. We want you to push yourself and for us to support you in your future as we scale up and grow, we want you to be with us along the journey if you believe in it. Our culture and values are putting you first. 

 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. 

#LI-Onsite