Director of Fraud & Financial Crime Risk/MLRO

🚀 We’re on a mission to make money work for everyone.

🔑You’ll be playing a key role…

Responsibilities will lie across 3 key areas…

Financial Crime Risk Management

• Develop and maintain industry leading Financial Crime Risk Management Framework for Monzo Europe, covering Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Anti-Bribery and Corruption (ABC), and Sanctions policies and standards.
• Define and monitor the Financial Crime Risk Appetite.
• Conduct and maintain Financial Crime Risk Assessments to identify, evaluate, and mitigate risks.
• Develop Financial Crime Risk monitoring and reporting processes including producing and presenting management information (MI) to key stakeholders
• Provide 2nd line oversight, review and challenge of financial crime risk management activities.
• Perform independent validation of financial crime models.
• Driving the Financial Crime Monitoring and Assurance program, fostering a proportionate, risk-based culture towards combating financial crime within the region.
• Oversee the Identity & Verification (ID&V) and Customer Due Diligence (CDD/EDD) processes.
• Oversee and ensure effective Customer Screening (PEP, Sanctions, Adverse Media etc.) and Customer Risk Assessment, including scorecard design.
• Oversee and review our transaction monitoring systems and processes for suspicious transaction reporting.
• Develop and maintain financial crime dashboards, metrics, and data analysis to support decision-making.
• Ensuring first-line teams are fully versed in new laws, rules, and regulatory requirements related to financial crime in Ireland and the EU.
• Proactively liaising with regulators, law enforcement agencies, and other relevant parties to identify trends and combat organised criminal activities.
• Supporting the Director of Conduct & Compliance Risk and the Chief Risk Officer in building relationships with national competent authorities and other external parties.
• Discharge PCF-52 (Head of Anti-Money Laundering and Counter Terrorist Financing Legislation Compliance ) under the CBI’s Fitness and Probity Regime. 

Fraud Risk Management

• Develop and maintain the Fraud Risk Framework for Monzo Europe
• Define and monitor the Fraud Risk Appetite.
• Conduct and maintain Fraud Risk Assessments to identify, evaluate, and mitigate fraud risks.
• Oversee fraud detection and investigation processes, including scorecard design and disputes management.
• Manage external fraud intelligence and investigations.
• Develop and maintain Fraud Risk monitoring and reporting processes including producing and presenting management information (MI) to key stakeholders
• Develop and maintain fraud dashboards, metrics, and data analysis to support decision-making.
• Provide 2nd line oversight of fraud risk management activities.
• Perform independent validation of fraud models.

Leadership

• Establish and lead the Fraud and Financial Crime Risk management function ensuring effective delivery through adequate resourcing, processes and technology in Monzo Europe’s businesses in the European Union.
• Build and provide strategic direction and leadership to the fraud and financial crime risk management team in Monzo Europe.
• Establish a robust fraud and financial crime risk management culture through comprehensive training and awareness programmes.
• Report to the Board, Board Risk Committee and Executive Committee on fraud and financial crime control effectiveness and material risks and issues.
• Contribute to the second line Risk Leadership Team (RLT), fostering a collaborative environment across the organisation.
• Ensure Fraud and Financial Crime Risk Management Frameworks, Policies, and Standards in Europe remain aligned to the Monzo Group.

🤩 We’d love to hear from you if…

• You have proven experience in financial crime risk management and fraud prevention.
• You have detailed knowledge and understanding of AML/CFT, ABC, and sanctions regulations in Ireland and Europe.
• You have experience in developing, implementing and overseeing fraud and financial crime risk frameworks, policies, and standards.
• You have extensive experience in a complex financial services firm or fintech/payments industry within Ireland or the EU, with a track record of operating at an MLRO level or equivalent.
• You have a strong operational background in managing effective financial crime programs, with a deep understanding of relevant regulatory requirements for Ireland and the EU.
• You can demonstrate exceptional interpersonal skills and the ability to engage with all organisation levels, including the Board and Executive.
• You can be adept at applying AML provisions, including KYC, Sanctions, and transaction monitoring, in a dynamic and diverse business setting.
• You can show capability in providing oversight and assurance on preventing, detecting, and deterring financial crime.
• You have excellent analytical and data management skills.
• You have strong leadership and communication skills.
• You have the ability to work collaboratively with various stakeholders across the organisation.
• You thrive in a fast-paced environment, handling complexity with ease and communicating effectively.
• You’re passionate about financial technology and motivated by the opportunity to be at the forefront of banking transformation in Ireland and the EU.

Desirable:

• You have experience applying for regulatory licences in Ireland / the EU.
• You have previously held a PCF-52 role or equivalent with a financial services institution in Ireland or an equivalent jurisdiction.

🙌 What’s in it for you

🌈 The application journey has 4 key steps 

• Short call with a Monzo recruiter
• Video-call with the Hiring Manager
• Interview Loop: 2 x video-call interviews
• Final Exec Call 

business-hiring@monzo.com

We’ll only close this role once we have enough applications for the next stage. Please submit your application as soon as possible to make sure you don’t miss out. 

Equal opportunities for everyone