Risk Manager (AML & Sanctions)

Barcelona / EU Countries

We are seeking a highly motivated and experienced Risk Manager responsible for AML and Sanctions Risk  to join our innovative and dynamic Risk and Compliance team. In this role, you will be responsible for the FinCrime Scenario Library which lies at the core of our unique FinCrime Risk Management System. Are you keen on redefining how Financial Crime is done in the financial industry? Do you thrive in a fast-paced, compliance-focused environment? Then this is an excellent opportunity to make a significant impact.

Responsibilities

• 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, ensuring 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 model validation;

• Produce guidance for 1LOD related to the risk scenarios under the risk management portfolio, including how the rules should be analysed, how to make a decision on the resolution, and what good customers look like;

• Support the FinCrime Portfolio Risk Manager in the implementation of dynamic risk scoring and ongoing monitoring practices at Finom in the areas of AML and sanctions;

• Establish effective communication with stakeholders: product team (producing business requirements and managing the roadmap), Risk Management (implementation of risk scenarios), and Quality Assurance (implementing best practices in reviewing alerts based on ML/FT scenarios);

• Take ownership of AML-related Key Risk Indicators, prepare regular status updates for the Risk Committee of Finom Payments, and participate in the 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, including 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;

• Perform other duties as reasonably required for the operational efficiency of Finom, either proactively deemed necessary by the employee or as communicated by the manager.

Who you are

• English – full working proficiency; Dutch is preferable;

• Minimum 3 years of proven experience in the Second Line of Defence in Anti-Financial Crime or Fraud within a regulated financial institution (preferably 5 years);

• Thorough and specific knowledge of money laundering, terrorist financing, sanctions, and fraud typologies within the European B2B customer segment;

• Strong data analytics and SQL skills;

• Previous experience with Transaction Monitoring (TM) rule review cycles;

• Previous experience of at least 1 year in a people leadership role;

• Detail-oriented and highly motivated self-starter;

• Strong critical and analytical thinking skills;

• Start-up oriented, proactive, result-driven, and capable of working independently with limited supervision.

Interview Process

• Recruiter Interview -30 mins

• 1st interview - 1 hour

• Case and test

• Final interview - 1 hour