DMLRO Compliance Officer

About us:

YouLend is a rapidly growing FinTech Company that is the preferred embedded financing platform for many of the world's leading e-commerce sites, tech companies and payment services providers. Our software platform enables our partners to offer flexible financing products in their own branding to their merchant base without capital at risk.

We believe that embedded finance will be the future of companies that want to delight and retain their customers. We're building the solutions that will power that vision globally.

The Role

This role operates within the Legal and Compliance function, reporting to the Global Head of Compliance (GHC) / Money Laundering Reporting Officer (MLRO). The DMLRO will have delegated authority from the MLRO to mitigate regulatory and legal risk and to provide Financial Crime-related guidance for our UK & EU entities. This role supports the GHC / MLRO to provide an expert advisory and monitoring service to ensure compliance with relevant rules, regulations and code of conduct. The focus will be around the development and maintenance of a compliant and effective risk-proportionate financial crime and compliance framework across payments and business lending.

Requirements

We are looking for a Deputy MLRO Compliance Officer to join us at YouLend

• Experience in compliance, audit or risk management
  
  
  

What You'll Be Doing

• Assist the MLRO in ensuring YouLend operates in accordance with all legal and regulatory requirements relating to : Money Laundering and Countering Terrorist Financing, Sanctions, Tax Evasion, Market Abuse, Bribery & Corruption and Fraud
• As subject matter expert, work closely with the first line of defence and YouLend colleagues to review escalations (e.g. Sanctions / PEPs and Adverse media, suspected cases of fraud raised) and where necessary make recommendations in line with YouLend's AML Policy and Risk Appetite
• Enhancing our mechanisms and metrics for financial crime oversight of the second line compliance team. Support a project manager charged with providing management information, reporting and system support
• Continually refine the second line oversight and monitoring of the control framework included in the compliance monitoring programme and financial crime surveillance technology for customer screening, and transaction monitoring and reporting
• Support the MLRO in defining the appropriate lists and rules to be used to screen customers and monitor transactions for suspicious activity
• Undertaking special projects as needed on targeted risk issue remediation, taking ownership of specific tasks as delegated by the MLRO or senior management
• Advise on Compliance owned Policy interpretation and working with the firm to resolve significant breaches and violations of such policies, and internal and/or external reporting when required
• To support risk assessments being conducted including on any new products or current products with a material change
• Support delivery of the annual MLRO report.
• Contributing to / and awareness-raising and training for the first and second line of defence staff, including formal classroom training, workshop sessions, or informal Q&A sessions
  
  
  

Knowledge And Experience / Must Haves

You are an experienced professional working in fintech, in addition:

• At least 5 years of relevant work experience / Financial Crime experience.
• Have a detailed operational knowledge and understanding of the UK and EU Payment Institution regulatory and legal requirements regarding financial crime compliance, payments (Payment Services Directive, Payment Services Regulation), industry standards, best practices and business lending is a plus.
• Experience in translating legislation or legal advice into clear business-focused procedures, guidance and training.
• Evidence of delivering organisational change to maintain a culture of high-level AML and Sanctions compliance within YouLend.
• Ability to anticipate and evaluate potential fraud and financial crime risks at a strategic level (including organisational structures, business processes, product design, delivery channels and third-party system providers etc).
• Relevant professional qualification from an internationally recognised body (e.g., ICA, ACAMS) are advantageous
• Experience in presenting to Board, Board Committees and/or Senior Management highly desirable.
• Skilled in building strong and productive relationships / networks with internal and external stakeholders.
• Experience in deriving insights from qualitative and quantitative data/information, drawing appropriate conclusions and making sound decisions as a result. Evaluate complex information and present with accuracy and attention to detail
• You are fluent in English; with any European language as an excellent benefit to the team
• You are based in the UK
  
  
  

Benefits

We offer comprehensive benefits package that includes:

• Stock Options
• Private Medical insurance via Vitality
• EAP with Health Assured
• Enhanced Maternity and Paternity Leave
• Modern and sophisticated office space in Central London
• Free Gym in office building in Holborn
• Subsidised Lunch via Feedr
• Deliveroo Allowance if working late in office
• Monthly in office Masseuse
• Team and Company Socials
• Football Power League / Squash Club
  
  
  

Why join YouLend?

At YouLend, we are actively creating an equitable and inclusive environment for every YouLender to thrive. We champion diversity and embrace equal opportunity employment practices. Our hiring, transfer, and promotion process are exclusively based on qualifications, merit, and business requirements, free from any discrimination based on race, gender, age, disability, religion, nationality, or any other protected basis under applicable law.

Salary: £65,000-95,000 Bonus