Corporate Onboarding Associate  

Direct and Partner Client Onboarding 

Amsterdam  

• Are you curious, excited by experimentation and always looking to innovate?
• Do you want to work in embedded payments where you can keep learning and developing whilst getting hands-on experience?
• Do you want to have the opportunity to play an important role in a rapidly growing fintech? 

If so, we would love to connect and collaborate! 

We want to hire ambitious, and value-adding talent into Modulr, one of the fastest growing payments businesses in the UK and Europe, to lead and manage CDD & Compliance Assessments of our clients. 

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 now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam, and Mumbai.  

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 Corporate Onboarding Associate is responsible for owning and managing CDD & Compliance Assessments of our more complex clients. Working in the First Line CDD Operations 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 an ever-changing regulatory environment, we are looking for someone who displays a keen sense of professional curiosity and willingness to review and consider all aspects of compliance as set out in the regulations, providing support and advice to other teams within the business. As a team in phase of growth, this is a great opportunity for someone to help shape and deliver a market leading proposition. 

The key responsibilities of your role will include: 
 

• Performing Client Risk Assessments 

• Corporate Onboarding - Customer Due Diligence (including Simplified and Enhanced Due Diligence) 

• Performing Partner Audits (Internal and External) 

• Stakeholder Engagement (Internal and External) 

• Screening for Politically Exposed Persons and Sanctioned Individuals 

• Reviewing Policies and Procedures and recommending amendments or changes to these documents in line with Modulr compliance requirements. 

About you 

The successful Corporate Onboarding Associate will have a track-record in delivering results in a fast-moving scaling business and hence you must be comfortable with change and uncertainty. More specifically the ideal candidate will have: 

Regulatory Knowledge 
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). 

Industry Experience 
Previous experience in a compliance role, ideally in corporate onboarding across various sectors and jurisdictions. Regulatory Interactions: Experience performing AML and Compliance audits and successfully managing remediation of findings. Direct experience in Corporate Onboarding Client Due Diligence [KYB] –or refresh experience; ideally with direct exposure to enhanced risk assessment in a corporate onboarding environment & / or European Corporate Client Due Diligence [KYB]. 

Analytical Skills 

Ability to analyse complex data sets and identify trends or anomalies. Problem-Solving: Strong problem-solving skills to address compliance issues effectively. 

Attention to Detail 

Meticulous attention to detail to ensure accuracy in compliance documentation and reporting. Risk Identification: Ability to identify potential compliance risks and implement mitigation strategies. 

Clear Communication 
Strong verbal and written communication skills to articulate compliance issues and requirements. Stakeholder Engagement: Ability to interact effectively with various stakeholders, including clients, senior management and colleagues. 

Ethical Judgement and Integrity 
High ethical standards and the ability to make decisions that uphold the integrity and reputation of the organisation. Confidentiality: Maintaining confidentiality of sensitive information. 

Project Management  
Organisational Skills: structured and organised, able to handle the competing pressures of immediate compliance tasks and investigations alongside longer term projects. Time Management: Effective time management skills to meet deadlines and prioritize tasks. 

Leadership 
Taking ownership of compliance processes, whilst ensuring that they evolve so that the compliance programme continues to be aligned to the business’s growth plans. 

Decision-Making 
Strong decision-making capabilities, especially in high-pressure situations. 

Critical Thinking Assessing Impact 

Ability to assess the impact of regulatory changes on the organisation and develop strategies to address them. Innovative Solutions: Developing innovative solutions to compliance challenges. 

Adaptability 

Passionate about protecting the business, whilst also supporting rapid growth. 

Flexibility 
Ability to adapt to changing regulatory environments and organizational needs. 
 
Resilience 
Staying resilient in the face of challenges and setbacks. These attributes help ensure that a Senior Compliance Analyst can effectively manage compliance risks and contribute to the overall integrity and success of the organization. 

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, Sanctiewet 1970 and Wft. 

What can Modulr offer you 

You will be part of a cross disciplinary team(s), with co-workers located in Edinburgh, London, Amsterdam, India, France and Spain. We are friendly and sociable, challenging but rewarding. We want you to push yourself and for us to support you in your future as we scale up and grow.  

• Share Options Incentive Scheme. 

• Company Bonus - the more successful we are together, the greater the reward. 

• Flexible benefits – over €1,000 a year to spend on anything you like i.e you can add it to your pension or use to towards travel. 

• Pension - we contribute 10% of your pensionable salary into our company pension scheme 

• Share options - you will be offered Modulr share options depending on your level and issued the January following your joining date 

• Perkbox - enjoy freebies and discounts on many other products and services. 

• 33 days holiday (including bank holidays) & your birthday off - choose which days you take off to relax and/or spend time with loved ones. 

• Learning Opportunities – on joining Modulr you will embark on our 2-day onboarding programme, called ModStart, to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But we do not want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels and platforms. 

• Modulr hands-on - join your colleagues for our company wide events throughout the year. 

• Great workspace - Modulr thrives on innovation which is best done through in-person collaboration. This approach enables us to work together closely, exchange ideas, and create innovative solutions that drive our success. We ask our team members to be based in the office 4 or more days a week. We have state of the art offices located in Exchange Crescent Edinburgh, Scale Space in London, and WeWork in Amsterdam Zuidas.  

ModInclusion 

At Modulr, we are working hard to build a more positive diverse and inclusive culture that helps everyone to feel they belong and can truly bring their whole self to work. Not only is it the right thing to do for everyone in the Modulr team, it’s also the right thing to do for our business, the community we operate in and attracting future talent. As part of our approach, we actively welcome applications from candidates with diverse backgrounds.