Money Laundering Reporting Officer

at  Zeller

We believe that businesses of all sizes deserve better financial and payment products and services. Traditionally, businesses of all sizes are let down by slow applications, protracted onboarding, opaque pricing, restrictive contracts and forced to use outdated solutions that no longer meet the innovative requirements of modern business.
We started our journey four years ago, and have since helped tens of thousands of Australian businesses reduce the complexity and time taken to take and make payments, manage complex fleets of payment hardware, store and save money and lead the conversation in business-to-business fintech. We’re now taking our next steps in expanding our industry and world leading capabilities into the United Kingdom.
Our company is backed by leading global VCs, and brings together experienced payment and tech industry professionals who are aiming to redefine business banking and the way businesses get paid by their customers.
If you are passionate, curious, hungry and seeking an opportunity to make your mark on Fintech in the United Kingdom, with the strength of a global team behind you - we’d love to talk to you. This is a unique opportunity to shape, direct and build better financial services for all UK businesses.
About the role
We are looking for a Money Laundering Reporting Officer to establish our UK financial crime strategy, management and operational response. You will be an integral team member of the Risk & Compliance Operations function in the UK. You will be a key contributor in securing our regulatory licencing, and the FCA’s primary contact person. You will ensure compliance with UK’s AML and CTF regulations.
You will work closely with our Global team to establish our UK business practices in responding to Financial Crime. You’ll be supported by this Global team with deep expertise in ML/TF risk management, fraud risk management and compliance operations. You’ll be exposed to leading edge regulatory technology platforms and proprietary tooling which allows us to stay ahead of the criminals, and deliver a superior customer experience.
You will establish a local team to assist you in this role and be supported by our Global Risk & Compliance hubs. You will report to our UK Managing Director and provide support to our local Board, while maintaining close organisational connection to our Global COO.
This role would suit financial crime professionals with 6 - 10 years of experience, and deep understanding of the UK AML / CTF regime, its operational requirements and financial crime risk management disciplines. Experience with the Regulator and its expectations is necessary.

QUALIFICATIONS AND EXPERIENCE

• Experience in a similar role (MLRO, Head of Compliance, Financial Crime Lead) in a fast growing ‘Fintech’ or ‘Paytech’
• Deep knowledge of UK financial regulations and general legal principles
• Deep knowledge of card acquiring, card issuing and transaction account products and their operation
• Hands-on mindset, with willingness to set up and iterate on our local R&C processes
• Appetite to collaborate internally with Global Risk & Compliance experts as well as externally with schemes, providers and regulators

Like the rest of the team, you’ll benefit from

• An opportunity to shape and build the future of Zeller from the ground up in the UK
• A competitive salary package, including equity from an early stage;
• A balanced, progressive, and supportive work environment;
• Endless learning and development opportunities;
• Being part of a fast-growing and ambitious scale-up.

At Zeller, we are looking for passionate people with drive and integrity. You are encouraged to apply even if your experience doesn’t exactly match this job description

• Licensing and Localising: Be a key contributor in obtaining our EMI licence, including potential discussions with the FCA
• Further localise our Know Your Customer and Know Your Business programmes
• Team Building: Establish, train and retain your Financial Crime operations team
• Engage with audit staff to execute reviews and implement recommendations
• Foster a compliance culture throughout the organisation
• Implementing and Operating: Identify money laundering, terrorist financing and financial crime risks and design, implement, operate and improve controls
• Leverage our existing extensive transaction monitoring strategy, fine tuning their application to the UK market, with a focus on not only identification but reduction in false positives
• Execute our regulatory reporting requirements to the FCA and the NCA
• Address potential complaints raised to the Financial Ombudsman Service
• Limit our merchants exposure to Authorised Push Payment fraud and act in accordance with industry practice, seeking optimisations to reduce our account risk and Zeller’s exposures
• Monitor changes in the regulatory environment as well as emerging trends in fraud and money laundering and design appropriate responses
• Continuously improve and automate AML-CTF, Onboarding and Risk processes in line with regulation and Zeller risk appetite
• Work cross functionally and cross regionally to implement and operate controls, while leverage Global solutions to reduce in-market burden.