Embedded Banking Financial Crime Oversight Lead

Trust unlocks our greatest potential.

For decades, the clearing of payments remained unchanged and unchallenged. We asked, what if there was a better way? What if we could make banking infrastructure faster, safer, more reliable, and easier to access for all? Here is where you can think radically and responsibly to find the best solution.

What happens when you know you’re inherently trusted? Trust creates safety. Safety encourages you to be brave, to challenge, to fail, to try new things and to execute. At Clear Bank everything revolves around trust. We’re not expected to earn it, but we are expected not to break it. We’re trusted to own it. To solve issues in the moment. To know a good risk when we see one, and the judgement to know that ‘can’ doesn’t always mean you ‘should’.

Clear Bank is a place where you can do things differently and challenge the status quo. We will give you a high level of autonomy and transparency, and we trust you to make the right decisions for the bank.

If that excites you, how about joining our Embedded Banking Financial Crime Oversight team as an Embedded Banking Financial Crime Oversight Lead? Reporting to the Head of Embedded Banking Financial Crime Oversight, you will coordinate thorough assessments of new Embedded Banking Partners to evaluate their financial crime controls, with emphasis on outsourced processes. You must understand their Operating Model, including systems, processes, and sub-contractors.

After onboarding, you will monitor these partners' financial crime controls, assess risks using Clear Bank’s taxonomy and relevant data, and ensure compliance with the Oversight model, including leading governance sessions.

• Ensuring and overseeing compliance with all internal policies, standards, industry guidance and regulation

• Leading the completion of the Financial Crime Systems and Controls Assessments for all new Embedded Banking relationships in accordance with policies, standards, and procedures

• Responsible for the monitoring and oversight of existing Embedded Banking Partners in accordance with standards and procedures from a financial crime perspective.

• Ensuring all oversight activities are completed in accordance with the Oversight Model

• Continuously assessing and updating financial crime aspects of Embedded Banking Partners Risk and Control registries

• Defining and reporting internal and external Key Risk Indicators enabling data driven performance monitoring

• Chairing all Embedded Banking Partner financial crime governance sessions where required

• Responsible for maintenance of Embedded Banking Partner Management Procedures covering Onboarding & Oversight from a financial crime perspective

• Supporting the delivery of relevant aspects of the Embedded Banking change programme

• Supporting the development and implementation of new financial crime systems and controls

• Building and maintaining knowledge of all relevant legislation, regulatory changes, and industry best practice

• Significant expertise in risk and control frameworks and compliance with regulatory standards specifically in relation to financial crime, especially in relation to outsourcing of those controls

• Audit, assurance or consultancy background with significant experience in the oversight and review/assessment of the adequacy and effectiveness of financial crime control frameworks

• Strong understanding of sectors such as money remittance, electronic money, APIs, Cryptocurrency firms, and merchant acquirers is a plus

• Experience dealing with complex and varied business models

• Self-starter, able to work independently when needed, and to prioritise tasks

• Ability to communicate and negotiate with key stakeholders and customers

• Strong attention to…