Octopus Money on cord

Octopus Money

Money Laundering and Reporting Officer (MLRO)

External position
London, UK
Hiring internally for Octopus Money?
FinTech · Wellness · Finance
At Octopus Money, we want to help millions of people take the first steps towards making their life dreams a reality
Active
4 months ago
Posted
3 days ago
Checked
cord regularly checks that external positions are still open
2 days ago

Skills & Experience

Job roles: Risk and Compliance
Experience level: Senior, Lead
Core skills considered: Risk mitigation, Stakeholder Management, Training & development, Regulated business exp
Other skills considered: Financial strategy, Process management, KPI setting

Logistics

Base salary: £95K - £110K
Employment type: Permanent
Remote working: Hybrid (up to 2 remote days p/w)
Visa sponsorship: Not available

Job Description

We're looking for a Money Laundering Reporting Officer (MLRO, SMF17) to oversee Octopus Money Group's anti-money laundering (AML) and counter-terrorist financing (CFT) frameworks. We largely run a single governance approach across our businesses, so this is a single role with four approvals behind it. You will own the AML and CTF approach, decide when SARs are made and act as our point of contact with regulatory bodies on MLRO matters.

You'll ensure compliance with all relevant regulations, lead investigations and be the expert in the room. This is a strategic and hands-on role, ideal for someone passionate about financial integrity and innovation, with a focus on UK retail customers.


Where the role sits:

  • Reporting to the central Head of Risk and Compliance (SMF16).
  • Sitting in the central second line risk and compliance team.
  • Member of the Risk Committee, owning the economic crime reporting.
  • Presenting the annual MLRO report to the governing body.
  • Working alongside other senior management across Octopus Money Group (c. 5bn of assets and c. 150k clients) and the Octopus Group.
  • Working closely with other SMFs in the wider Octopus Group of companies.

Your role:

  • Be our key expert on financial crime and lead the whole agenda to keep our customers safe and our team aware of emerging risks.
  • Work from inside the central risk and compliance team, and alongside the first line business functions and product teams.
  • Embed financial crime controls in the customer journey to ensure good customer outcomes, using AI tooling where appropriate.
  • Stay up to date with regulatory developments and industry best practices.
  • Be our policy and framework lead on financial crime, which includes:
  • Holding the money laundering reporting function (SMF17) and acting as nominated officer
  • Taking on further entities where appropriate, including any we acquire
  • Owning a single money laundering and terrorist financing approach, with entity specific requirements where business genuinely differs
  • Developing, implementing and maintaining AML/CTF policies, procedures and controls
  • Deciding when a SAR or a defence against money laundering request goes to the NCA, and managing the tipping off risk that follows
  • Overseeing CDD, EDD and PEP treatment across our advice, discretionary management, fund and platform journeys, including where a third party or outsourced provider carries it out
  • Leading internal investigations and escalating issues early to the governing bodies
  • Owning sanctions screening approach, designation matching and any reporting to OFSI
  • Delivering the annual financial crime return for each entity in scope
  • Owning and enhancing the BWRA
  • Conducting regular risk assessments and ensuring appropriate KYC/KYB
  • Provide financial crime training and guidance across the business, including to the governing functions.
  • Be our point of contact for financial crime with the FCA, the NCA, the UK Financial Intelligence Unit, OFSI and our auditors.

Ideal candidates will have:

  • Demonstrable SMF17 experience across UCITS, MPS, DFM, financial planning, wealth planning and investment platform business.
  • Proven experience in a senior AML/compliance role.
  • Understanding of UK AML regulations, FCA requirements and financial crime risks.
  • Excellent analytical, investigative and communication skills.
  • Ability to work independently and influence cross-functional and cross-group teams.
  • Experience in acquisition and migration works.
  • ICA or equivalent AML qualification preferred.
  • Experience with systems such as NorthRow, SmartSearch and Alloy.

What we expect from you:

  • Judgement that you can defend and stakeholder influence.
  • Written work that holds up against internal and external scrutiny.
  • Candour with the governing bodies about where the opportunities are, with defensible routes to mitigation.
  • Team player. We have a flat structure and collaboration is at the heart of everything we do.
  • Openness, transparency and accountability.

Success looks like this at Octopus Money:

  • You can handle ambiguity. You're comfortable using judgement to create structure and applying first principles thinking
  • You're someone who 'chases the ball', rather than just hoping others pick it up. We look for determination, resilience and a healthy dose of optimism
  • You thrive in a fast paced environment. You're open to course correct when needed, and challenge yourself and others to

Company Benefits

  • 6% Pension
  • Enhanced parental leave
  • Free financial coaching
  • 1:1 mental wellbeing coaching
  • SIP scheme
  • Discretionary bonus
  • PMI
  • Life Assurance
  • Headspace sub
  • Cycle to work
  • Electric car scheme
  • Hybrid work (Mondays and Fridays remote)
  • 18 days "work from anywhere" allowance
Money Laundering and Reporting Officer (MLRO) at Octopus Money
Position posted 3 days ago

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Starling Bank on cord

Starling Bank

Full Stack Engineer (ML Ops)

London, UK
FinTech · Banking · Finance
A better bank for everyone
Active
over 6 months ago
Responds to
0% of requests
Responds in
1h 55m
Requests
7 pending

Skills & Experience

Job roles: Full Stack
Experience level: Mid, Senior
Core skills considered: Java, React, Redux, AWS, JavaScript

Logistics

Base salary: £70K - £110K
Employment type: Permanent
Remote working: Hybrid (up to 2 remote days p/w)
Visa sponsorship: Not available

Job Description

Starling is the UK’s first and leading digital bank on a mission to fix banking! Our vision is fast technology, fair service, and honest values. All at the tap of a phone, all the time.

Starling is the UK’s first and leading digital bank on a mission to fix banking! We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way.

We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

Our technologists are at the very heart of Starling and enjoy working in a fast-paced environment that is all about building things, creating new stuff, and disruptive technology that keeps us on the cutting edge of fintech. We operate a flat structure to empower you to make decisions regardless of what your primary responsibilities may be, innovation and collaboration will be at the core of everything you do. Help is never far away in our open culture, you will find support in your team and from across the business, we are in this together!

The way to thrive and shine within Starling is to be a self-driven individual and be able to take full ownership of everything around you: From building things, designing, discovering, to sharing knowledge with your colleagues and making sure all processes are efficient and productive to deliver the best possible results for our customers. Our purpose is underpinned by five Starling values: Listen, Keep It Simple, Do The Right Thing, Own It, and Aim For Greatness.

Hybrid Working

We have a Hybrid approach to working here at Starling - our preference is that you're located within a commutable distance of one of our offices so that we're able to interact and collaborate in person. We don't like to mandate how much you visit the office and work from home, that's to be agreed upon between you and your manager.

Our Data Environment

Our Data teams are excited about the value of data within the business, powers our product decisions to improve things for our customers and enhance effective and agile decision making, regardless of what their primary tech stack may be. Hear from the team in our latest blogs or our case studies with Women in Tech.

We are looking for talented data professionals at all levels to join the team. We value people being engaged and caring about customers, caring about the code they write and the contribution they make to Starling. People with a broad ability to apply themselves to a multitude of problems and challenges, who can work across teams do great things here at Starling, to continue changing banking for good.

Requirements

We have built our entire banking platform in house and mostly in Java. We are looking for people who want to work on building the tooling that is used by our engineers on a daily basis.

We are looking for people who are truly full stack, and are as comfortable polishing their javascript front end as they are debugging the innards of their java applications database interactions, or standing up infrastructure with terraform. We are looking for people who can:

  • Design REST apis.
  • Code backend services, ideally using Java, or another other server side compiled language.
  • Develop modern front ends, ideally using React and Redux.
  • Get their code into the cloud and support it there, ideally on AWS.
  • Believe in clean coding, simple solutions, automated testing and continuous deployment.
  • Like to take ownership of a feature from the original idea through to live.
  • Think (like us) that a small number of empowered developers is the right way to deliver software.

Company Benefits

  • 33 days holiday (including flexible bank holidays)
  • An extra day’s holiday for your birthday
  • 16 hours paid volunteering time a year
  • Part-time and/or flexible hours available for most roles
  • Salary sacrifice, company enhanced pension scheme
  • Life insurance at 4x your salary
  • Hybrid/remote working
  • Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
  • Generous family-friendly policies
  • Varied social groups set up and run by our employees
  • Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing

Full details are available on our careers site

Interview Process

Interviewing is a two way process and we want you to have the time and opportunity to get to know us, as much as we are getting to know you! Our interviews are conversational and we want to get the best from you, so come with questions and be curious. In general you can expect the below, following a chat with one of our Talent Team:

  • Stage 1 - 30 mins with one of the team
  • Stage 2 - Take home challenge
  • Stage 3 - 90 mins technical interview with two team members
  • Stage 3 - 45 min final with an executive and a member of the people team
Alex Yeates on cord
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