AFC Operations Lead / Senior (f/m/d)

at  Upvest

Upvest, founded in 2017, enables any financial institution to offer great investment experiences to its customers. Upvest is an investment firm regulated by the German supervision authority (BaFin). The company currently employs 160+ people across Europe with its headquarters based in Berlin, Germany.
The company is backed by the world’s largest venture capital funds and investors including Bessemer Venture Partners, BlackRock, Earlybird, HV Capital, Notion Capital, and ABN Amro Ventures, as well as by renowned fintech entrepreneurs (including Maximilian Tayenthal, founder of N26, and Felix Haas, founder of IDnow).
We’re looking for fintech enthusiasts to join us in creating the financial infrastructure of tomorrow. We’re building the first European Investment API to enable any financial institution offering a wide range of efficient and transparent investment products, such as stocks and ETFs in nominal, portfolio, and fractional form. Our mission and vision is to make investing as easy as spending money.
We’re based in Berlin but are also open to hiring remotely in Germany for this role. If you’re currently based elsewhere but would like to move to Germany, we’re happy to support your relocation.

JOB REQUIREMENTS:

• Bachelor’s degree; relevant certifications (e.g., CAMS, CFCS) are a plus
• A minimum of 5 years of experience in KYC / AML Operations within the financial services industry, preferably in Germany
• Strong understanding of AML laws, regulations, and compliance requirements
• Proficient in utilising KYC / AML monitoring tools and systems, with demonstrated experience in analysing complex data sets to identify suspicious activities
• Proven ability to set up new team structures and lead more junior team members
• Excellent communication skills in English and preferably German, with the ability to collaborate effectively with cross-functional teams and senior management
• Strong attention to detail and analytical skills, with the ability to make sound judgments and decisions in high-pressure situations

• Develop KYC/ AML processes within the Upvest Operations team in tight alignment with second line, including future hiring, training and management of analysts
• Execute, develop and maintain AML procedures and controls in line with regulatory requirements and industry best practices
• Collaborate with cross-functional teams to enhance AML monitoring systems, tools, and technologies for improved detection and prevention of suspicious activities
• Support investigations of alerts generated by our transaction monitoring systems, analysis of customer transactions, accounts, and activities to identify and prevent potential money laundering and fraudulent activities
• Perform sample-checks on end user KYC data and ensure compliance with regulatory requirements
• Ensure compliance with PEP/ Sanctions guidelines and internal policies and procedures
• Own annual reassessment of procedures for all end users
• Jointly with the second line functions conduct periodic risk assessments and reviews of existing AML processes, identifying gaps and recommending necessary enhancements or modifications
• Work closely with AML Officer and regulatory authorities, providing necessary documentation and support during audits and investigations
• Support second line AML Team in regularly updating the Operations team on new process and working instructions
• Support Operations Team in launching requests for information for Clients and End Users
• Maintain up-to-date knowledge of AML laws, regulations, and industry standards, incorporating any necessary changes into the company’s AML framework
• Produce accurate reports and documentation to demonstrate compliance with regulatory obligations