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About Railsr
Railsr is the world’s leading embedded finance experience platform that enables any business to prototype, build and scale financial products. Our vision is to make finance an amazing experience, everywhere in the world, with any brand. With hundreds of clients globally and end-users in the multi millions, Railsr has the most globally-enabled, digitally-native product in the FinTech platform space.

Following a period of rapid growth, Railsr continues to develop our product capabilities and expand our customer base. It’s an exciting time and the potential for any brand to use Railsr to power and deliver their customers’ financial experiences is enormous.

The Opportunity
As a Licensing and EDD (Enhanced Due Diligence) Specialist you will report to Head of Due Diligence and support in helping Railsr’s customers go through licensing with the UK and EU regulatory bodies, and performing EDD checks where appropriate.

This position requires someone who can think outside the box, has a “can do” attitude, has strong B2B onboarding experience, knowledge of the licensing process with the FCA within Fintechs or in Embedded Finance and has a willingness to learn and adapt in the ever changing world of payments.

Your day-to-day responsibilities will focus on the review of full client policies / procedures and documentation (such as AML policies/Complaints Policies/BWRA to name a few) required for FCA or BoL licensing. You will also be conducting in-depth AML, CTF and policy reviews on the client and their onboarding policies, and review our customers’ business models to ensure they are in line with internal policies and risk appetite. You will investigate these through information provided by the customer, internal solutions, and open source resources. At times you may face questions about your decisions, so need to be comfortable handling and challenging (where appropriate) these sorts of questions.

Other duties will include answering queries from sales, clients, compliance or other departments. You will also have the opportunity to handle escalations/questions from less experienced team members so part of this role will also be to educate and strengthen the skills/knowledge of the existing Due Diligence team.

Your Responsibilities

• Conduct EDD and KYC checks on clients, as part of the business-wide Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) Policies.
• Complete in-depth reviews of client Policies and Procedures documentation provided for FCA or BOL (Bank of Lithuania) licensing.
• Review and approve quality/completeness of KYB/KYC check done by the CDD team on the client.
• Conduct deep dive investigations on companies for hidden UBOs/Policy violations.
• Complete internal checklist of requirements by Railsr.
• Analysis of accounts and client information according to prescribed internal control policies and procedures.
• Complete customer information packs to submit to the relevant MLROs for approval.
• Meet tight deadlines and quality goals for Licensing and EDD investigations.
• Escalate high risk customers early to avoid onboarding bad players.
• Educate the Licensing & EDD, CDD and Sales teams to strengthen general AML/CTF/Policy knowledge.
• Work closely with our 2nd line of defence (MLROs), Sales, CDD/KYB (Customer due diligence) team and other relevant stakeholders in order to obtain the information necessary to create a quality customer profile

Your Profile

• At least 5 years experience in in mid-senior compliance/audit roles within the Fintech/Embedded Finance space in a regulated environment
• Knowledge of agent and distributor licensing applications in the UK and EU
• Comfortable to review policies and procedures and suggestion amendments where required
• Strong knowledge of UK and EU AML/CTF regulations and industry guidelines
• Strong knowledge of PEPs/Sanctions and Adverse media screening
• Familiarity of the end to end B2B client on-boarding from a compliance perspective
• Excellent knowledge of AML Typologies/Red Flags
• Strong knowledge of FCA (Financial Conduct Authority) and BOL (Bank of Lithuania) guidelines for licensing; FCA Handbook, JMLSG, 6AMLD and European Commission guidance on AML/CTF
• Be a self starter, manage their own goals and educate the team
• Ability to multitask – manage, prioritise and be accountable for own workload
• Adaptable and Capable of being flexible and enjoys working on a variety of projects/tasks
• Excellent communication skills
• Strong teamwork, organisational, complex problem resolution and initiative
• Sound judgement, keen sense of urgency, and high level of professional and personal integrity.

Desirable Skills/Experience

• Experience improving onboarding processes and managing small projects.
• Knowledge of any of these specialist areas - crypto, import/export, credit, card scheme compliance, PCI DSS are a bonus.
• Experience working in an embedded finance environment.
• Experience in Internal/external audit preferred.
• Experience in submitting agent or distributor applications to the FCA/BOL for at least 1-2 years.
• Experience being an MLRO/DMLRO at some point in a regulated business.
• Completed advanced AML/CTF courses by ICA, ACAMS, ACFCS or other reputable training institutions.

What we can offer you:

• Purpose - Help make amazing embedded finance experiences accessible to everyone and transform global financial services.
• Career - Build your career in an innovative, adventurous and inclusive environment where everyone has the opportunity to make a difference and develop their skills.
• Reward - Competitive remuneration package with generous benefits and the potential to be rewarded with equity.
• People - Work with talented, passionate and supportive people from all over the world in a flexible, hybrid environment with trust and mutual respect at its heart.

Our Values

• Ambition - for our company, colleagues and ourselves and the freedom and expectation to own it.
• Trust - which we give freely and expect in return.
• Curiosity - with our minds open to fresh thinking in the constant pursuit of improvement.
• Customer Obsession - ensuring that everything we do is with the customer in mind, we succeed when they succeed.

Diversity, Inclusion & Belonging

Our global team is amazing, with over 400 colleagues spread across multiple countries and more than 30 languages spoken, – they bring great ideas, drive new plans and help make Railsr a fantastic place to work, We’re proud of how well our diverse mix of people collaborate and are fully committed to continuing to make diversity, equity and inclusion part of everything we do. Railsr is an equal opportunities employer and we actively encourage all applications, particularly those from under-represented groups.

Please let us know if there is any support we can provide to ensure Railsr’s recruitment process is fully accessible to you. You can contact us on [email protected] to discuss specific requirements.