KYC Analyst

Compliance Analyst

Amsterdam, Netherlands

Full time

Are you curious, excited by experimentation and always looking for a better way of doing things?

Do you want to keep learning and developing whilst getting hands-on, payment-building experience?

Do you want the opportunity to play an important role in a rapidly growing and exciting Fintech business?

About us

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment schemes, accounts, and card products.

We have created an industry-leading API platform with comprehensive online tools and access, to meet the demands of daily business payments. We are connected to an expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS. Our payments expertise and extensive product capability enables us to build tailored solutions to solve complex payment problems for hundreds of clients in a range of industries, including Travel, Merchant Payments, Lending, Wage Advance, and Investment & Wealth.

We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs. Modulr hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in 11 currencies. We are principal issuing members of Visa and Mastercard schemes across UK and Europe.

Our regulatory permissions and governance structure are the foundations of our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.

Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by the venture arms of payments giants PayPal and FIS , as well as growth investors Blenheim Chalcot , General Atlantic , Frog Capital and Europe.

Modulr values

Building the extraordinary; going that extra mile.

Owning the opportunity; be passionate and proud of the time you invest.

Move at pace; reach goals faster whilst supported on your career journey.

Achieve it together, working collaboratively and being a Modulite.

About the Role

The Compliance Analyst is responsible for leading and managing ongoing CDD & KYC Assessments of Modulr’s clients. Working in the First Line Risk & Compliance Function, the team are responsible for mitigating risks to Modulr as they relate to the provision of our services as an Electronic Money Institution, with a heavy focus on AML, CTF and Sanction control frameworks, but also considering other key aspects such as proposition, consumer duty and value to the market where applicable.

With the regulatory environment continuously evolving, we are looking for someone who displays a keen sense of professional curiosity and willingness to review and consider all compliance aspects as set out in the regulations, providing support and advice to other teams within the business. As a team in a growth phase, this is a great opportunity for someone to help shape and deliver a market-leading proposition. This is a varied role in which you will conduct risk and compliance checks and go beyond checkbox exercises. You will receive training but eventually, you will run these autonomously, drawing upon your analytical, communication and risk evaluation skills.

This is an opportunity to be a part of our Amsterdam team, as we continue our growth into Europe while working closely with stakeholder in our other offices in Edinburgh, London and Mumbai.

The key responsibilities of your role will include:

Conducting client risk assessments

Conducting customer due diligence (including Simplified and Enhanced Due Diligence)

Performing KYC activities

Engaging with Modulr colleagues across the business and external stakeholders

Screening for politically exposed persons and sanctioned individuals

Reviewing policies and procedures and recommending amendments or changes to these in line with Modulr compliance requirements.

About You

You are driven by a passion for safeguarding the business while enabling rapid growth.

You thrive in dynamic environments, rolling up your sleeves to tackle tasks and achieve team and business objectives.

Confident and knowledgeable, you understand company policies and procedures and excel at assessing performance against them.

You are skilled at guiding clients/partners, providing clear recommendations, and suggesting meaningful amendments to policies and procedures when necessary.

Taking ownership of compliance processes excites you, and you are committed to ensuring these processes evolve to keep the business, partners, and clients operating at their best.

Highly organised and structured, you balance immediate compliance tasks and investigations wits longer-term strategic projects.

You are adaptable and comfortable working in an early-stage business where priorities shift, and time is of the essence.

Analytical by nature, you assess risks thoroughly and define effective controls, clearly communicating findings, effectiveness, and any potential gaps to stakeholders.

Your inquisitive mind drives a proactive approach to problem-solving and resolving issues.

You are self-motivated and thrive when working independently in a fast-paced setting.

Sharing your expertise and ideas to improve processes and outcomes is something you genuinely enjoy.

You have a strong interest in FinTech and financial crime, bringing curiosity and passion to your work.

A (high-level) understanding of local regulations such as the Wetter voorkoming van witwassen en financieren van terrorisme (Wwft), Sanctiewet 1970 and Wet op het financieel toezicht (Wft). This knowledge is important to ensure compliance with Dutch financial laws and to effectively manage regulatory risks (together with a 2nd line team).

You enjoy self-leading and working independently when required in a fast-paced, constantly changing environment.

You enjoy sharing your knowledge and sharing your ideas about how we can improve.

You have a strong interest in FinTech and financial crime prevention within this sector.

Curiosity to drive the adoption of AI

Skills and experience we are interested in:

Strong awareness of current Refresh or Audit Procedures and ability to identify issues for these through analysis.

Experience working as part of an Audit or Customer Due Diligence Team within financial services.

Awareness of the regulatory landscape Modulr operates in including Dutch regulations such as Wwft and Sanctiewet 1970

What Modulr Offers You

Incentive Scheme: Share Options for all employees.

Company Bonus: The more successful we are, the greater the reward.

Flexible Benefits: Over €1,000 per year to use however you like (add to your pension, use for travel, etc.).

Pension: We contribute 10% of your pensionable salary to your company pension scheme.

Share Options: Modulr share options are offered depending on your level and are issued in January following your start date.

33 Days Holiday: Including your birthday off. Choose the days you want to take off.

Learning Opportunities: Our two-day onboarding program, ModStart, helps equip you for success. Learning doesn’t stop there; we’ll continue to support your development through various channels.

Company-Wide Events: Join colleagues for fun, collaborative events throughout the year.

Great Workspace: Innovation thrives through in-person collaboration. Our offices in Edinburgh, London, Amsterdam and Mumbai are designed to encourage this.

Travel Commuting Allowance : We offer a commuting allowance to help cover the cost of traveling to our office

ModInclusion

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