Financial Crime Compliance Specialist

6w1 month ago

Capital on Tap

London, GB · Full-time · £65,000 – £85,000

About this role

Capital on Tap was founded to help small business owners with an all-in-one business credit card and spend management platform. The company serves over 200,000 businesses worldwide, aiming to reach 1 million by 2030. This hybrid role joins the Financial Crime Compliance team, working 3 days per week from the London Moorgate office.

The Financial Crime function manages the company’s policies, procedures, and controls, including risk assessment and AML compliance assurance. Team members provide business advisory and handle high-risk customer and suspicious activity escalations. As part of the 2nd line team, you operate independently from 1st line FinCrime Operations.

You will offer oversight, challenge, governance, and manage escalations from 1st line that may lead to reporting or offboarding. Daily work involves supporting compliance monitoring, reviewing referrals, and acting as subject matter expert on complex cases like PEPs and sanctions. The role coordinates with teams on law enforcement enquiries and produces reporting for senior leadership.

Support the Head of FinCrime in running the compliance monitoring programme and developing policies in response to regulatory changes. Contribute to the business-wide Financial Crime Risk Assessment and horizon scanning for emerging risks. This position enables impact on financial crime governance in a fast-growing fintech environment.

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 contributing to or owning a financial crime risk assessment at a business or product level
Ability to review SAR quality and challenge 1st line decision-making
Comfortable presenting findings and recommendations to senior stakeholders and governance forums

Responsibilities

Support the Head of FinCrime in owning and running Capital on Tap's 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 the completion of the business-wide Financial Crime Risk Assessment (FCRA), identifying emerging risk and recommending proportionate controls
Review internal UAR referrals from 1st line and other business areas, challenging quality and supporting the MLRO on NCA disclosure
Act as 2nd line subject matter expert for complex financial crime escalations including PEPs, sanctions, adverse media, complex ownership structures, 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 for the business
Coordinate with internal teams on law enforcement enquiries and partner bank requests, ensuring appropriate documentation and oversight