Financial Crime Manager (UK) at LemFi

About our Company:

At Lemfi, we are reshaping the future of how immigrants move their money globally. Our mission is to enhance the financial lives of the next generation of immigrants, supported by leading investors who share our vision. We offer a multi-currency account that enables users to hold, send, and receive money from the U.S., UK, Canada, or Europe to over 30 countries worldwide, catering to their personal and business banking needs in any currency.

We launched the first version of the app at the beginning of October 2020 with just the ability to send money to Africa. Now, just 4 years later, we empower users across multiple continents to send and receive money, as well as pay bills for services worldwide on behalf of their loved ones. Our team has grown to over 300 members, working remotely and living in various continents across the globe.

We're looking for passionate individuals to join us in shaping the future of our platform. With over 1.5 million active users and counting, this is an exciting opportunity to contribute to a product that makes a real impact on a global scale. Come be part of our journey!

Who you are:

You are a candidate who would thrive in a fintech startup environment like ours, where we readily accept individuals with a humble, yet uplifting attitude alongside a diligent sense of work ethic. The teams here at LemFi are passionate about their work and expertise, but also lend hands on cross-functional responsibilities to ensure the success of the company and the satisfaction of our clientele.

Job Summary:

The role of Financial Crime Manager, reporting to the Chief Compliance Officer, North America, is a fully remote position within LemFi’s Compliance team. Only candidates residing within the United Kingdom will be considered for this role.

In this role, you should have an advanced demonstrated knowledge of global AML/CFT compliance program requirements and best practices with, at minimum, 5 years in an AML compliance role. Additionally, you should have held an FIU or EDD-focused management role.

This role will have the primary responsibility of managing LemFi’s global AML compliance framework as it pertains to transaction monitoring, law enforcement requests; case investigations; suspicious activity/transaction reporting; simplified and enhanced due diligence; high risk customers; and partner requests for information. The role will act as the first point of contact for the operational Compliance teams before escalations to the Compliance Officers. It is very operationally focused and requires continuous, in-depth management of the Financial Crime team.

Responsibilities are as follows:

• Develop and maintain ongoing enhancement of LemFi’s global FIU and fraud programs;
• Align with the Compliance Officers in ensuring the FIU and fraud frameworks are compliant with relevant country requirements and fits LemFi’s business model;
• Manage the Financial Crime unit and subteams, drive financial crime operations, set appropriate and realistic KPIs, address quality assurance findings, and develop metrics for productivity and other operational purposes;
• Be the point person for Financial Crime unit staff in terms of providing help, guidance, advice, direction and instructions for employees before escalation to the Compliance Officers;
• Manage the transaction monitoring relationship and rule building/refining process with LemFi’s transaction monitoring vendor;
• Oversee the 314(b) process in the United States;
• Manage the process for requests for information (RFIs) from our payments and banking partners;
• Respond to and fulfill law enforcement requests globally;
• Update the Compliance Officers on a regular basis (minimum, weekly) on financial crime operations and trends within LemFi. This includes contributing to management information reports and leading monthly fraud reporting meetings with executives.

Requirements:

• Minimum 5 years of total AML compliance experience;
• Held an FIU or EDD-focused AML compliance management role;
• Comprehensive knowledge of US, UK and Canada regulatory requirements;
• Attention to detail and exceptional organizational skills;
• Ability to thrive as part of a team and be an empowering, constructive and considerate colleague;
• Ability to take ownership of your work product and consistently deliver results in a high case volume production environment;
• Fantastic communication skills, both verbal and written including the ability to produce high spec PowerPoint presentations;
• Data and analytical skills, including proficiency with Microsoft Excel and the ability to perform data analysis;
• Ability to learn new technologies and systems;
• Adaptability to global operational needs and ability to work in a rapidly changing business and regulatory environment.

Desirable:

• Held an AML compliance position previously in a fintech company;
• Knowledge of AML regulatory requirements and developments across Africa, Asia, and Europe;
• CAMS certification (or equivalent).