About Us:
One third of the UK working age population are unable to access affordable credit. We at Amplifi want to rectify this issue. We aim to improve the nation's financial health, using our state-of-the-art FinTech ecosystem, allowing ethical lending via credit unions accessible to everyone in the UK.
Amplifi Capital are one of the top 5 lenders in the near prime unsecured personal loans market in the UK. Through our innovative work we have grown our new customer volumes by 5 folds in just the last two years alone. Aiming to increase that number even further as we progress.
We are the biggest name in the UK credit union market with the two largest Credit Unions in the UK on the Amplifi platform. We at Amplifi Capital want to go beyond that, aiming to be the biggest player in the UK personal loan market for the near prime segment. Standing out against our competitors, being at the forefront of personal loans market.
We don't just want to stop there, with the launch of the Reevo Money and our anticipated credit card product in mid-2025 we are expanding our footprint in the near prime lending space.
People always come first at Amplifi Capital. From how we engage with our customers to the thorough recruitment process. Our journey is just getting started, the business has attracted amazing talent so far, and we don't plan on stopping yet!
The Role:
The Risk Assurance Officer (AML/Fraud) is a Second Line of Defence (2LoD) role, focusing on providing independent oversight, assurance, and challenge to the business's financial crime and fraud risk management activities.
Responsibilities:
Risk Assurance Activities:
* Conduct targeted 2LoD assurance reviews to evaluate the effectiveness of AML, fraud, and financial crime controls implemented by the First Line of Defence (1LoD).
* Independently assess the design and operational effectiveness of policies, procedures, and systems against regulatory requirements and internal standards.
* Produce clear, actionable reports on assurance activities, including articulating findings, recommendations, and action plans to address gaps or deficiencies.
AML and Financial Crime Compliance:
* Support the development and maintenance of ACL's AML/CTF and fraud risk frameworks, providing 2LoD oversight and ensuring alignment with FCA regulations.
* Challenge the effectiveness of customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring processes conducted by the 1LoD.
* Review and challenge suspicious activity reports (SARs) and escalation procedures to ensure robust compliance with regulatory requirements.
Fraud Risk Management:
* Identify, assess, and report on fraud risks, trends, and emerging threats to the business, providing 2LoD challenge to fraud prevention measures.
* Collaborate with stakeholders to design and implement robust fraud prevention and detection measures, ensuring independent oversight.
* Contribute to the development and delivery of fraud awareness training, with a focus on embedding a culture of compliance across the business.
Regulatory Compliance and Reporting:
* Ensure timely and accurate submissions of regulatory reports related to AML and financial crime, including SARs to the National Crime Agency (NCA).
* Monitor changes in AML and fraud legislation and regulations, providing updates to internal teams and recommending necessary adjustments to policies.
* Provide independent challenge and assurance to ensure ACL remains compliant with all applicable regulation.
Stakeholder Engagement:
* Work closely with the Compliance, Risk, and Operations teams to embed financial crime risk management practices across the organisation, maintaining 2LoD independence.
* Support the Money Laundering Reporting Officer (SMF17) and senior management in delivering an effective AML/CTF and fraud risk strategy.
* Liaise with external regulators and auditors, providing requested information and implementing feedback.
Requirements
Essential:
* Proven experience in AML, fraud, or financial crime roles, ideally within the consumer credit or financial services sectors.
* Strong knowledge of AML/CTF regulations, including the Money Laundering Regulations, FCA Handbook, Joint Money Laundering Steering Group (JMLSG), and Proceeds of Crime Act (POCA).
* Experience working within a Second Line of Defence (2LoD) function, with a focus on oversight and assurance.
* Excellent analytical skills with the ability to assess risks and recommend practical solutions.
* Strong written and verbal communication skills, with the ability to prepare detailed reports and deliver presentations.
Desirable:
* Professional qualifications in financial crime (e.g., ICA, ACAMS, or equivalent).
* Experience with financial crime risk management tools and software (Salesforce, Lexis Nexis, Reslover).
* Familiarity with FCA consumer duty principles and their application to financial crime risk management.
Personal Attributes:
* High attention to detail and a commitment to accuracy.
* Proactive and self-motivated with a problem-solving mindset.
* Strong ethical principles and a commitment to maintaining confidentiality.
* Ability to manage multiple tasks and work effectively under pressure.
Benefits
* Competitive salary
* 25 days annual leave
* Pension
* Discounted Gym Membership
* Subsidised Nursery Fees
* Private Health Insurance
* Hybrid working (2 days from home)
Amplifi Capital is an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, colour, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
Please note that all offers of employment are conditional on us obtaining satisfactory pre-employment checks, including a DBS check, a credit check and employment references.
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