About the Role
We are seeking a highly motivated and experienced Financial Crime Manager specialising in KYC/CDD to join our 2nd Line of Defence Financial Crime Risk Management team and take ownership of the methodology behind Finom’s CDD Risk Engine. You have seen how CDD is done across multiple banks and financial institutions and you are ready to critically assess the industry and help Finom transition the way we do CDD into the age of AI.
Responsibilities
Take ownership of the framework for continuous improvement of CDD methodology: onboarding & regular review. This means taking a critical look at the current requirements for CDD, identifying and implementing improvements to improve key business metrics such as conversion rate and time to account, account closure rate, while maintaining the CDD quality assurance scores in line with internal policy.
Monitor account closures for integrity reasons and create controls in CDD to address the gaps in CDD methodology;
Work closely with the Machine Learning engineers on monitoring and continuous improvement of the accuracy of Customer Risk Assessment models;
Research new vendors and methods of conducting CDD and verification of customer identity (i.e. the use of AI for CDD, exploring new developments in the AML regulatory space);
Work closely with the Product Managers on the implementation of improvements to the CDD process: draft requirements, review product specifications for new CDD related features;
Draft guidance documents and provide regular training to 1LOD CDD team in relation to various risk elements of CDD (e.g. drafting instructions on how to assess adverse media, risks of specific industries, PEP acceptance etc.);
Participation in Enterprise Wide Risk Assessment cycle by providing input on CDD related risks;
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.
Who you are
● English – full working proficiency; Dutch, French, German, Italian, Spanish, Portuguese or Greek would be an advantage but is not a precondition;
● 2 years of proven experience in the 2nd Line of Defense: Quality Assurance, Financial Crime or Compliance, in a regulated financial institution (preferably fintech) or 4 years in the first line CDD teams;
● Thorough and specific knowledge of typologies of money laundering, terrorism financing, sanctions;
● 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;
