Embedded Banking Financial Crime Oversight Manager

5w1 month ago

ClearBank

London, GB · Full-time · £90,000 – £130,000

About this role

Trust unlocks our greatest potential at ClearBank, where banking infrastructure is made faster, safer, more reliable, and easier to access. Join the Embedded Banking Financial Crime Oversight team as Manager, reporting to the Head. Coordinate thorough assessments of new Embedded Banking Partners' financial crime controls, emphasizing outsourced processes.

Understand partners' Operating Models, including systems, processes, and sub-contractors. Monitor existing partners' controls, assess risks using ClearBank’s taxonomy and data. Ensure compliance with the Oversight model and lead governance sessions.

ClearBank offers high autonomy and transparency, trusting you to make right decisions. Challenge the status quo in a place where safety encourages bravery to try new things. Own issues in the moment and exercise judgement on risks.

Think radically and responsibly to find best solutions. Build knowledge of legislation, regulatory changes, and industry best practice. Support Embedded Banking change programmes and new financial crime systems.

Requirements

Significant expertise in risk and control frameworks and compliance with regulatory standards in financial crime, especially outsourcing
Audit, assurance or consultancy background with experience in oversight and review of financial crime control frameworks
Strong understanding of sectors such as money remittance, electronic money, APIs, Cryptocurrency firms, and merchant acquirers
Experience dealing with complex and varied Embedded Banking Partners
Knowledge of financial crime risks in operating models, systems, processes, and sub-contractors
Ability to assess risks using taxonomies and relevant data

Responsibilities

Oversee compliance with all internal policies, standards, industry guidance and regulation
Lead completion of Financial Crime Systems and Controls Assessments for new Embedded Banking relationships
Monitor and oversee existing Embedded Banking Partners from a financial crime perspective
Ensure all oversight activities are completed in accordance with the Oversight Model
Continuously assess and update financial crime aspects of Embedded Banking Partners' Risk and Control registries
Define and report internal and external Key Risk Indicators for data-driven performance monitoring
Chair Embedded Banking Partner financial crime governance sessions
Maintain Embedded Banking Partner Management Procedures covering Onboarding and Oversight from a financial crime perspective