Risk Manager – AML & Sanctions

Role Overview

• Perform end-to-end risk management cycle on the subjects of Money Laundering, Terrorism Financing, and Sanctions risks relevant for Finom customer base: risk identification, analysis, mitigation, monitoring, reporting
• Review performance of Finom’s existing AML and Sanctions using Finom’s risk decisioning tools, ensure continuous improvement in terms of efficiency and effectiveness (key metrics
• true positive rate, false negative rate, number of alerts per active customer/per transaction)
• Ensure continuous enrichment of the scenarios library of Money Laundering, Terrorism Financing, and Sanctions risks relevant for Finom
• Work closely with machine learning engineers in the team on creating rules and detectors in TM based on advanced statistical and machine learning techniques to detect Financial crime, and participate in the model validation
• Produce guidance for 1LOD related to the risk scenarios under the risk management portfolio
• how the rules should be analysed, how to make a decision on the resolution, what do good customers look like
• Support FinCrime Portfolio Risk Manager in the implementation of dynamic risk scoring and ongoing monitoring practices at Finom in the areas of AML, sanctions
• Establish effective communication with stakeholders: product team (on producing business requirements and managing the roadmap), Risk Management (implementation of risk scenarios), Quality Assurance (implement best practices in reviewing alerts based on the ML/FT scenarios)
• Take ownership of the AML related Key Risk Indicators, prepare regular status updates for the Risk Committee of Finom Payments, and participation in SIRA and General Risk Assessment review cycle
• Assist in drafting, testing, and reviewing system requirements for new compliance-related features, as well as procedures and manuals within the department
• Conduct regular internal AML training: conduct training on specific typologies of financial crime as well as general compliance training
• Initiate and take responsibility for ad hoc project work within the department
• Performing other duties as reasonably required for the operational efficiency of Finom (pro-actively deemed necessary by the employee) or/and as communicated by the manager
• The role includes management of a team of 2FTEs: SMEs on AML and Sanctions supporting the risk management cycle.

Requirements

• English – full working proficiency; additional fluency in Dutch is a plus
• Minimum 3 years of proven experience in the 2nd of Defense: Anti Financial Crime, or Fraud Department, in a regulated financial institution, preferably 5+ years
• Thorough and specific knowledge of typologies of money laundering, terrorism financing, sanctions, and fraud among B2B customer segment in Europe
• Strong data analytics and SQL skills
• Previous experience with TM Rule Review cycle
• Previous experience (minimum 1 year) in people leadership role
• Detail-oriented and highly motivated self-starter
• Critical and analytical thinking
• Start-up oriented, proactive, result-driven, and capable of working under own initiative and little supervision

Tech Stack

• SQL

Benefits

• Make a genuine impact on the product
• Join our upward trajectory, and grow with us
• Work in the EU
• Become a stock options holder
• Receive unwavering support and care
• Work & Swim program
• Equal Opportunity Statement