Risk Manager – AML & Sanctions

This is a fully remote position, open to applicants in Spain.

📋 Description

• Oversee the complete risk management cycle concerning Money Laundering, Terrorism Financing, and Sanctions risks pertinent to Finom's customer base, including risk identification, analysis, mitigation, monitoring, and reporting.

• Assess the effectiveness of Finom’s existing AML and Sanctions measures utilizing Finom’s risk decisioning tools, ensuring ongoing enhancements in efficiency and effectiveness (key metrics include true positive rate, false negative rate, and the number of alerts per active customer or transaction).

• Continuously enrich the scenarios library related to Money Laundering, Terrorism Financing, and Sanctions risks relevant to Finom.

• Collaborate closely with machine learning engineers to develop rules and detectors in Transaction Monitoring based on advanced statistical and machine learning techniques for identifying financial crime, and engage in model validation.

• Create guidance for the first line of defense regarding risk scenarios within the risk management portfolio—detailing rule analysis, decision-making for resolutions, and characteristics of good customers.

• Assist the FinCrime Portfolio Risk Manager in executing dynamic risk scoring and ongoing monitoring practices concerning AML and sanctions at Finom.

• Foster effective communication with stakeholders, including the product team (for business requirements and roadmap management), Risk Management (for implementing risk scenarios), and Quality Assurance (for applying best practices in alert reviews based on ML/FT scenarios).

• Take charge of the AML-related Key Risk Indicators, provide regular status updates to the Finom Payments Risk Committee, and participate in the SIRA and General Risk Assessment review cycle.

• Aid in drafting, testing, and reviewing system requirements for new compliance-related features, along with procedures and manuals within the department.

• Conduct regular internal AML training sessions, covering specific typologies of financial crime and general compliance training.

• Initiate and assume responsibility for ad hoc project work within the department.

• Perform other duties as reasonably required to ensure the operational efficiency of Finom as deemed necessary by the employee or communicated by the manager.

• The role includes managing a team of 2 FTEs, who are subject matter experts on AML and Sanctions supporting the risk management cycle.

⛳️ Requirements

• Proficiency in English at a full working level; additional fluency in Dutch is advantageous.

• A minimum of 3 years of demonstrated experience in the second line of defense: Anti-Financial Crime or Fraud Department within a regulated financial institution, ideally 5+ years.

• In-depth knowledge of money laundering, terrorism financing, sanctions, and fraud typologies applicable to the B2B customer segment in Europe.

• Strong skills in data analytics and SQL.

• Previous experience with the Transaction Monitoring Rule Review cycle.

• At least 1 year of experience in a leadership role managing people.

• Detail-oriented and a highly motivated self-starter.

• Possess critical and analytical thinking skills.

• Start-up mindset, proactive, results-driven, and able to work independently with minimal supervision.

🏝️ Benefits

• Make a meaningful impact on the product.

• Join our growth trajectory and develop alongside us.

• Work within the EU.

• Become a holder of stock options.

• Receive steadfast support and care.

• Participate in the Work & Swim program.

• Equal Opportunity Statement.