Job Description: Financial Crime Business Banking Subject Matter Expert

Salary: £86,000 - £125,000 + stock options + Benefits Location Type: Remote (UK) Employment Type: Full-time

🚀 About Monzo

We’re on a mission to make money work for everyone. We’re waving goodbye to the complicated and confusing ways of traditional banking. After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16-17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us.

With our hot coral cards and get-paid-early feature, combined with financial education on social media and our award winning customer service, we have a long history of creating magical moments for our customers! We’re not about selling products - we want to solve problems and change lives through Monzo ❤️

Hear from our UK team about what it's like working at Monzo ✨

⭐ Our Financial Crime Team

We’re looking for a brilliant Financial Crime Business Banking Subject Matter Expert to drive forward our strategy for Monzo’s Business Bank. You’ll be the FinCrime lead in a cross-functional team that builds and iterates controls to maximise financial crime prevention while delivering best in class customer experience. This is an Individual Contributor (IC) role, meaning you won't have any people management responsibilities (at least for now), instead you'll be leading through your expertise and be the 'go-to' person in this space.

We need someone who really understands the Financial Crime regulatory framework and typologies for Business Banking, and has expert knowledge in how to develop controls to ensure Monzo remains compliant and can most effectively detect and prevent all types of Financial Crime. You’ll be an exceptional stakeholder manager, bringing others along on a journey to deliver huge impact.

You should know that we fight Financial Crime a little differently at Monzo. You’ll work in a team with dedicated Financial Crime engineers, data scientists and machine learning experts, which helps us to spot, assess and prevent crime quickly. 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.

🔑 Your Key Role

You’ll play a key role by:

• Owning the strategy for development of financial crime preventing systems for Monzo’s Business Bank.
• Leading a team of specialist FinCrime risk owners to implement our fincrime strategy across the Business Bank as it develops new products and expands to new markets.
• Developing strategic relationships with FinCrime and Fraud experts, Business product owners and Senior Execs to provide expert FinCrime knowledge and help define business requirements.
• Suggesting, developing, implementing and monitoring industry leading fincrime detection capabilities alongside data scientists, machine learning experts, product management and engineers across multiple teams.
• Providing expert knowledge to support the development of FinCrime systems to effectively manage Business Banking risks in multiple jurisdictions.
• Building a close relationship with our FinCrime operations teams, ensuring sufficient communication and knowledge sharing on risks.
• Defining and interpreting key measures and metrics on the performance of key systems and reporting this to relevant committees on an ongoing basis.
• Identifying the highest priority issues or problem areas and working with other members of the FinCrime Team to drive forward solutions.

🤩 We’d Love to Hear From You If You Have:

• Significant knowledge of how to manage Financial Crime risks in a mix of Business, Commercial and Corporate banks.
• Involvement in the implementation of policies and procedures for Business-specific products and features.