Head of Transaction Monitoring & Fraud

Who are we?

OpenPayd is a leading global payments and banking-as-a-service platform for the digital economy. Through its API-driven technology, businesses can embed financial services into their products and create the seamless user experiences needed to drive business growth.

OpenPayd’s platform removes the need to contract with multiple providers for different services and across different markets. Instead, businesses can access accounts, FX, international and domestic payments, and Open Banking services globally via a single API integration. OpenPayd is committed to providing businesses with a fully compliant solution across all markets, leaving your business to focus on growth.

Our Mission

Our mission is to ‘open up banking and payments for business globally, through a modular platform’. We believe that all businesses, regardless of their scale or industry, should be able to leverage the best payment and banking services. We believe in providing our services through a simple, flexible, and scalable platform.

About the role

The Head of Financial Crime Compliance will be responsible for developing and implementing strategies to prevent financial crime, including fraud, money laundering, terrorist financing, and sanction screening. You will lead a team of professionals and collaborate with various stakeholders to ensure the Company’s compliance with relevant laws and regulations.

How will you add value to the OpenPayd journey?

• Develop and implement a comprehensive transaction monitoring and sanction screening program to ensure compliance with relevant laws and regulations.
• Develop and implement a comprehensive fraud prevention and detection strategy aligned with the company’s goals and objectives.
• Lead the global financial crime compliance team, providing direction, coaching, support, and development opportunities.
• Monitor financial transactions, customer behavior, and other relevant data to detect and investigate potential financial crime activity.
• Develop and maintain strong relationships with internal stakeholders and external partners to facilitate effective financial crime prevention and risk mitigation.
• Collaborate with cross-functional teams to integrate fraud prevention measures into business processes.
• Conduct periodic assessments of the Company’s financial crime risks and develop plans to mitigate those risks.
• Provide advice and guidance to the Company’s business units on financial crime prevention matters.
• Ensure that the Company’s systems and controls for financial crime prevention are effective and efficient and comply with regulatory requirements.
• Stay up-to-date with changes in financial crime laws, regulations, and industry standards and adapt monitoring strategies as needed.
• Establish and maintain relationships with external stakeholders, such as law enforcement agencies, regulatory bodies, and industry associations.

The ideal candidate will have the following:

• Bachelor’s or Master’s degree (or equivalent) in finance, law, or related area.
• Professional qualification such as Association of Certified Anti-Money Laundering Specialists (ACAMS) or International Compliance Association (ICA).
• At least 10 years of experience in financial crime compliance, with a strong understanding of fraud, money laundering, terrorist financing, and sanction risks.
• At least 5 years of experience in a managerial or leadership role.
• Knowledge of relevant UK and EU laws, regulations, and industry best practices related to financial crime risks.
• Strong leadership and people management skills, with the ability to motivate and develop a team of professionals.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.

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We are looking forward to receiving your CV.

OpenPayd Talent Team