Senior Financial Crime Investigator – Merchant Acquiring

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By Referrals Only

WebsiteLinkedInAll Job Openings

11 - 50 employees

🤝 B2B

📚 Education

🏠 Real Estate

B2B • Education • Real Estate

By Referrals Only is a business system designed to help professionals grow their businesses through referrals. Founded by Joe Stumpf, it offers a comprehensive program that includes coaching, certification courses, and various tools for marketing such as email and social media strategies. The company has established a community aimed at connecting members and providing ongoing support to enhance referral-based business practices, especially in the real estate sector.

📋 Description

• Conducting comprehensive KYB checks on new and existing customers, ensuring adherence to regulatory guidelines and internal policies • Reviewing customer documentation, including merchant applications, financial statements, legal agreements, and beneficial ownership information • Evaluating the adequacy and accuracy of customer-provided information and perform risk assessments based on established criteria • Investigating and resolve any red flags, inconsistencies, or suspicious activities identified during the customer due diligence process • Collaborating closely with cross-functional teams, such as Compliance, Legal and Risk, as required, to obtain additional information or clarify discrepancies • Staying updated on evolving local and payment industry regulations, card scheme rules, and best practices to ensure compliance with applicable standards • Maintaining accurate and up-to-date records of customer due diligence activities, including audit trails, risk assessments, and supporting documentation • Assisting in the development and enhancement of KYB policies, procedures, and tools specific to the payments industry to improve efficiency and effectiveness • Providing training and support to other team members on KYB processes, industry requirements, and emerging trends • Reporting any potential cases of money laundering, fraud, or suspicious activities to the Financial Crime Risk Team and relevant authorities

🎯 Requirements

• Subject Matter Expert/Knowledge of Merchant Acquiring/Payment merchant services or deep knowledge of card scheme rules and onboarding for card schemes • Proven experience working in a KYC/B, AML, or compliance-related role within the payments industry or financial services sector • Excellent analytical and investigative skills, with the ability to identify risks, analyse complex information, and make informed decisions • Significant and specific experience in conducting end-to-end due diligence (KYB) and investigations on businesses (SMEs, Corporates, etc.) in a regulated financial crime setting. • Proven ability to conduct in-depth, high-quality open-source research and analysis to corroborate customer profiles and transactional activity. • Strong foundational and applied Financial Crime knowledge, specifically deep exposure to Know Your Business (KYB) and Anti-Money Laundering (AML) principles. • A strong understanding of current UK and international financial crime trends and acquiring typologies, with particular expertise in those impacting acquiring (e.g. Structuring, shell merchants, Abuse of Merchant facilities, etc.) • A comprehensive understanding of the UK Suspicious Activity Reporting (SAR) regime, including consent requirements and the legislative framework (POCA).

🏖️ Benefits

• £1,000 learning budget each year to use on books, training courses and conferences. • We will set you up to work from home; all employees are given Macbooks and for fully remote workers we will provide extra support for your work-from-home setup.