Financial Crime Compliance Specialist

6w1 month ago

Capital on Tap

London, GB · Full-time · £70,000 – £95,000

About this role

Capital on Tap started because small businesses were underserved by slow big banks with unfit products. Today we're a financial platform offering a best-in-class business credit card, SME-focused spend management, and a savings product that hit £1 billion in its first year. With 1,000+ employees, £20bn annual card spend, and 200,000+ customers at 4.7 Trustpilot stars, we're profitable and just getting started.

This hybrid role has the Financial Crime Compliance team working 3 days per week from our London Moorgate office. You'll sit in the independent 2nd line team, providing oversight, challenge, and governance over 1st line FinCrime Operations. Handle escalations that may result in reporting or offboarding decisions.

The Financial Crime function manages policies, procedures, controls, risk assessments, AML compliance, business advisory, and suspicious activity escalations. Support the Head of FinCrime in running the compliance monitoring programme with thematic reviews and control tests. Maintain AML/CTF policies responding to regulatory changes and audit findings.

Review UAR referrals, act as SME for complex escalations like PEPs and sanctions, produce management information for leadership. Support FCRA, horizon scanning, and law enforcement coordination. Join a growing fintech making running small businesses easier.

Requirements

At least 3 years operating in a 2nd line financial crime or AML compliance function within a regulated UK financial services firm, focusing on business customers
Demonstrable experience designing or running a compliance monitoring or control testing programme
Strong working knowledge of the UK Money Laundering Regulations 2017, JMLSG guidance, and POCA applied in practice
Experience reviewing UAR referrals and supporting suspicious activity reporting decisions
Expertise handling complex escalations such as PEPs, sanctions, adverse media, and high-risk onboarding
Knowledge of financial crime risk assessments and policy development in response to regulatory changes

Responsibilities

Support the Head of FinCrime in owning and running the compliance monitoring programme, designing thematic reviews and control tests
Maintain and develop AML/CTF policies, procedures, and risk appetite standards in response to regulatory change, monitoring findings, QA output, and internal audit recommendations
Support completion of the business-wide Financial Crime Risk Assessment (FCRA), identifying emerging risks and recommending controls
Review internal UAR referrals from 1st line, challenging quality and supporting the MLRO on NCA disclosures
Act as 2nd line subject matter expert for complex financial crime escalations including PEPs, sanctions, adverse media, complex ownership, and high-risk onboarding
Produce management information and compliance reporting for senior leadership and governance committees
Support horizon scanning activity, translating regulatory change into practical impact assessments
Coordinate with internal teams on law enforcement enquiries and partner bank requests