Financial Crime Analyst - Screening

Amsterdam, Netherlands

Full-time

• 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 the opportunity to play an important role in a rapidly growing and exciting Fintech business?

About us

Modulr is the payments automation platform that streamlines money movement with accuracy, control and reliability – built to scale. Shaping the future of finance operations, Modulr automates payment and reconciliation workflows to remove manual work, lower operational costs and reduce errors.

Processing more than £150B annually and trusted by over 6,000 businesses - from SMEs to Enterprise - Modulr provides the dependable foundations to run finance operations efficiently and grow confidently. As a regulated platform with 99.9% uptime Modulr provides control and confidence over how money moves in and out of the business, including payroll, supplier payments, spend management and payment collection.

Modulr values

• Building the extraordinary; going that extra mile.

• Owning the opportunity; be passionate and proud of the time you invest.

• Move at pace; reach goals faster whilst supported on your career journey.

• Achieve it together, working collaboratively 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 screening of customers and transactions for risks associated to PEP’s, sanctions, adverse media, fitness/probity, and other warnings from regulators, ensuring that any such risks are identified and mitigating actions taken in line with Modulr’s regulatory obligations and AML Policy.

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. This is an opportunity to be a part of our Amsterdam team, as we continue our growth into Europe while working closely with stakeholder in our other offices in Edinburgh and London.

The key tasks of your role will include:

• Investigating both customer and transaction related alerts generated from our diverse customer base.
• Reporting suspicious activity internally to the Compliance Officer.
• Supporting financial crime prevention across the wider business and Modulr partnerships and ensuring Modulr’s agents, distributors and outsourced service providers are also performing screening to the required standard.
• Support with external reporting to enforcement agencies such as FIU NL / DNB where required and in line with Modulr’s regulatory responsibilities.
• Analysis and insight into current trends, themes, and overall control effectiveness.
• Stakeholder Engagement (Internal and External).

About You

• A (high-level) understanding of local regulations such as the Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft), Sanctiewet 1970 and Wet op het financieel toezicht (Wft). This knowledge is important to ensure compliance with Dutch financial laws and to effectively manage regulatory risks (together with 2nd line team).
• Be a subject matter expert in Screening in the EU.
• 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 Screening and/or Transaction Monitoring Unit within financial services.
• Experience of completing as well and peer reviewing Unusual Activity/Transaction Reports (UAR/UTRs)
• Awareness of the regulatory landscape Modulr operates in including Dutch regulations such as Wwft, Sanctiewet 1970 and Wft
• Use of industry guidance material from FATF/JMLSG
• ICA qualifications (or equivalent)
• Intermediate Excel skills.

What can Modulr offer you

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 – We offer a Company Share Option Plan (CSOP), giving you the opportunity to benefit from any increase in share value in the event of a sale, merger or flotation.
• Bonus - Our annual discretionary bonus, paid in May for the previous year, is based on both company and individual performance.
• Pension Contribution
• Flexible benefits - €1000 to spend on benefits for you to choose from which suit your lifestyle and needs
• 33 days holiday (including bank holidays) + your birthday off - choose which days you take off to relax and/or spend time with loved ones
• Travel Commuting Allowance – we offer a commuting allowance to help cover the cost of traveling to our office
• 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 all-hands - 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.

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.