Head of Financial Crime, US Retail Banking

  • Monzo
  • London, UK
  • Feb 11, 2019
Full time Finance Management

Job Description

We’re looking for an experienced financial crime (fincrime) expert, with plenty of BSA/AML regulatory knowledge, to be our Head of Fincrime for US Retail Banking. 
You’ll report directly to our Head of Financial Crime and play a strategic role in fighting fincrime. You’ll need to be a dab-hand at managing people, projects and investigations, but you’ll need to be ready to get hands-on too. You’ll work with the rest of the Fincrime team to set up our operational procedures, train colleagues on fincrime regulation and make sure that we’re compliant.

We’re the UK’s fastest growing bank, with 1.4 million customers and nearly 700 employees. We need a crack team of crime fighters to help us stay one step ahead as we continue to grow. 

You should know that we fight financial crime a little differently at Monzo. You’ll work in a team with dedicated financial crime engineers and data scientists, which helps us to spot, assess and prevent crime quickly. So you should be comfortable dealing with data and chatting to engineers at a high level about how technology can help us. 

We choose not to split out different areas of crime, either. Instead we tackle all financial crime together as one team. That includes AML, fraud, sanctions breaches, terrorist financing, bribery and corruption and tax evasion. You should know each of these like the back of your hand. 

Day to day, you’ll:

  • be responsible for making sure we’re compliant with US BSA/AML regulation
  • direct what training our Customer Operations Fincrime Specialists need
  • update, iterate on and write procedures
  • be an escalation point for the Customer Operations Fincrime Specialists on US-based work
  • perform risk assessments on new products or features
  • do ad hoc project work like choosing suppliers, analysing data, or engaging with other banks
  • be comfortable in a cross-functional team, working with engineers to automate as much as possible and finding efficiencies in everything we do
  • appreciate the differences between US and UK regulation, and be comfortable sharing technology and procedures where possible.

You should apply if:

  • you’re excited by the prospect of building a new bank
  • you care about people and want to make sure that genuine customers get the best experience possible
  • you’re a quick learner and thrive when there’s ambiguity
  • you have a very good understanding of the BSA/AML regulations
  • you have experience of dealing with US regulators and law enforcement
  • you have experience doing operational fincrime work and are happy to iterate on procedures so they’re sensible and efficient
  • you’re comfortable stepping back from the detail and coming up with a readable set of procedures for others to follow.

It’s a bonus but not required if you have:

  • experience in a startup
  • management experience.

We’re looking for somebody based in the US

You’ll be one of our first US hires, so there might not be a US office when you start! Either way, we’d like you to come and spend your first month or so with the Fincrime Team in London (flights and accommodation paid for, of course), so we can get to know each other and you can get up to speed. 

Once we have a US office, you’ll be based there, working with the team to launch Monzo in the US. You’ll also be part of the Fincrime Team, attend Fincrime meetings and work with Fincrime engineers, analysts and data scientists. Your manager will be the Head of Financial Crime, and she’ll help you prioritise your first areas of work. 

We care deeply about inclusive working practices and diverse teams. If you’d prefer to work part-time or as a job-share, we’ll facilitate this wherever we can – whether to help you meet other commitments or to help you strike a great work-life balance. We’re keen to make sure we’re designing a bank that works for everyone, so we particularly encourage applications from different underrepresented demographics.

We’re offering a competitive salary (taking into account experience and any specialism) plus stock options and lots of other benefits.