Compliance Analyst
Plaid
IT, Legal
London, UK
Posted on Thursday, May 9, 2024
At Plaid, our mission is to unlock financial freedom for everyone. There has never been a better time than now to start building the future of fintech with us. Plaid powers the tools millions of people rely on to live a healthier financial life. We work with thousands of companies like Venmo, SoFi, and Betterment, several of the Fortune 500, and many of the largest banks to make it easy for people to connect their financial accounts to the apps and services they want to use. Plaid’s network covers 12,000 financial institutions across the US, Canada, UK and Europe. Founded in 2013, the company is headquartered in San Francisco with offices in New York, Washington D.C., London and Amsterdam. #LI-Remote
We're convinced that the way people interact with their finances will drastically improve in the next few years. We’re dedicated to empowering this transformation by building the tools that thousands of developers use to create their own products. The Risk & Compliance Team at Plaid is a cross functional team whose responsibility is to enable the business by mitigating risks and maintaining controls that ensure trust in the platform. Plaid sits in the middle of this ecosystem, and we're the gateway used by our customers to build, launch, and scale FinTech applications that democratize financial services.
In this role, you’ll be responsible for supporting Plaid’s ecosystem risk management activities from security, regulatory, and reputational perspectives. You’ll work closely with Go-to-Market (GTM) (made up of our Sales, Growth and Marketing teams), Compliance, Security Engineering, Legal, Customer Support, and Financial Access teams to ensure trust in the platform and protect the ecosystem.
Responsibilities
- Being part of a highly evolving cross-functional team in a rapidly growing organization.
- Having a significant impact on the future of financial services.
- Using your experience and working with autonomy to problem solve and drive process improvements.
- Conducting and managing compliance reviews and risk analyses of prospective UK and EU customers and partners as they come through the GTM pipeline.
- Performing ad-hoc and periodic reviews of customers and partners.
- Undertaking transaction and fraud monitoring and taking action as required.
- Being a key resource in developing, implementing, maintaining and enhancing the internal policies, procedures and processes required of a rapidly-evolving risk management function, with the support of Plaid’s 2LoD team.
- Partnering with the Compliance Monitoring and Testing team to facilitate ongoing reviews and obtain assurance over operational activity.
- Supporting the business in the efficient and effective discharge of its regulatory duties concerning all aspects of financial crime.
- Articulating complex and nuanced compliance requirements into understandable concepts.
- Promoting a strong culture of compliance.
Qualifications
- 2-3+ years of relevant compliance, risk, or operational experience with a specific focus on financial services. Fintech experience is strongly preferred.
- Excellent written and verbal communication skills.
- Compliance specialist with a strong knowledge and understanding of AML/CTF/Sanctions regulations and requirements, including financial crime risks.
- Experience of due diligence processes, vendors and systems. Good understanding of UK and EU regulatory structure, process, and underlying principles.
- Ideal candidate is positive, collaborative, highly organized, and an independent thinker with demonstrated good judgment, problem-solving, and analytical skills.
- Ability to work well under pressure and empathetic to the challenges of a start-up.
- Strong familiarity with a range of relevant financial and technical concepts.
- Willingness to roll up your sleeves.
- Intellectual honesty and humility; you should be willing to admit when you don’t know something, and should have the discernibility to escalate issues when necessary.
Our mission at Plaid is to unlock financial freedom for everyone. To support that mission, we seek to build a diverse team of driven individuals who care deeply about making the financial ecosystem more equitable. We recognize that strong qualifications can come from both prior work experiences and lived experiences. We encourage you to apply to a role even if your experience doesn't fully match the job description. We are always looking for team members that will bring something unique to Plaid!
Plaid is proud to be an equal opportunity employer and values diversity at our company. We do not discriminate based on race, color, national origin, ethnicity, religion or religious belief, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, military or veteran status, disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state, and local laws. Plaid is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance with your application or interviews due to a disability, please let us know at accommodations@plaid.com.
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