Financial Crime Compliance Specialist

1d1 day ago

Capital on Tap

London, GB · Full-time · £58,000 – £78,000

About this role

Capital on Tap is a financial platform serving small businesses with a business credit card, spend management tools, and a savings product that reached £1 billion in its first year. The Financial Crime Compliance Specialist operates in the 2nd line team, delivering independent oversight and governance separate from 1st line operations.

The role focuses on compliance monitoring, policy development, and handling escalations that may lead to regulatory reporting or customer offboarding decisions. You will challenge 1st line referrals and provide subject matter expertise on complex cases including PEPs, sanctions, and high-risk structures.

This hybrid position requires three days per week at the London Moorgate office alongside the Financial Crime Compliance team. The function manages ongoing risk assessments, AML controls, and advisory support across the business while maintaining independence from operational teams.

The position offers scope to shape monitoring programmes, influence risk appetite standards, and contribute to governance reporting for senior leadership and committees. Horizon scanning and regulatory change assessments form a core part of the work.

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.

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 and audit findings.
Support completion of the business-wide Financial Crime Risk Assessment, identifying emerging risks and recommending proportionate controls.
Review internal UAR referrals, challenging quality and supporting the MLRO on external disclosure decisions to the NCA.
Act as 2nd line subject matter expert for complex escalations including PEPs, sanctions, adverse media, and high-risk onboarding.
Produce management information and compliance reporting for senior leadership and governance committees.
Support horizon scanning activity and translate 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.