Deputy MLRO

About Griffin

Hi, we’re Griffin! We’re the bank for companies who want to build and launch financial products.

Our context

We're rapidly heading towards a future where most of us access financial services through technology companies rather than high street banks. All sorts of companies are now embedding financial products into their apps and user journeys so that their customers can seamlessly make payments, manage expenses, take out loans, save, invest, and do more.

The problem is that companies are still dependent on legacy banking infrastructure if they want to offer regulated financial products. They need to either partner directly with an (slow-moving, risk-averse) incumbent bank and/or stitch together middleware from various Banking as a Service (BaaS) providers. This process is slow, expensive, and complex and makes it very hard for companies to get new financial products off the ground.

At Griffin, we want to change this.

Our purpose

We want to make it easy for companies to bring finance to their customers at the point of greatest relevance. So, we built a bank.

But not just any bank! Griffin is a technology platform and a bank: fully regulated, API-first, developer-centric, and purpose-built to serve innovative fintechs and brands who want to build and embed financial products.

Learn more about what we do.

Our culture

Our culture is our most important asset, and one of the ways we safeguard it is by being extremely intentional about hiring the right people. We won't hire people who don’t seem like a strong fit for our core values, even if they're otherwise extremely qualified.

We also believe that smart, motivated, conscientious people thrive in high-trust, high-autonomy environments. That’s why we’re transparent by default, and we encourage open discussion and challenge across all levels of the organisation. We’re also remote-first, asynchronous, and fully flexible - because you're the expert on how and when you do your best work.

Learn more about our culture.

The Fincrime Compliance team

Like most of Griffin, the Compliance team is in its infancy. You'll be working directly alongside our CCO and MLRO. As we're a highly collaborative start-up, you will work closely with other teams to achieve a variety of high-impact outcomes.

We're working to build a Compliance team that is a highly respected and integrated part of the business - somewhere our colleagues go to for expert and pragmatic advice. We should be the best in class when it comes to all things compliance and financial crime prevention.

We're not putting patches on legacy frameworks, we're laying the foundations of the future of global financial infrastructure.

Who are you

The ideal candidate for this job will have most of the following:

• Strong knowledge of Fraud, AML, CTF and ABC regulation and sanctions laws, as well as industry best practice in the design and operation of systems and controls for financial crime prevention.
• 5+ years’ experience working within financial services in the UK, ideally within a fintech and/or a challenger bank. At minimum. experience operating a three lines of defence model, specifically operating within the 2nd line of defence.
  • Experience working for/being supervised by the UK’s financial services regulators - the FCA and/or the PRA. Additional experience working with other organisations such as NCA and HMT.
• Experience delivering compliance monitoring programmes and developing, implementing and overseeing fincrime prevention framework, including writing related policies, performing risk assessment and reporting.
• A research mindset: you're comfortable diving deep into source regulation, analysing it, and applying it.
• Experience of designing and/or delivering financial crime prevention training at scale which is specific to the business.
• Comfort with solo execution - we're a small team so you'll need to be happy rolling up your sleeves.
• Open to the implementation of new technologies for the purposes of monitoring and oversight. Using these to streamline the compliance oversight function.
• Experience of presenting financial crime prevention matters to senior colleagues, for example interactions at Executive Committee and Board level.
• A collaborative mindset and an interest in working closely with all other parts of the business, from both coaching and product development perspectives.

We’re hybrid-remote, and most of your colleagues will not share an office with you on a day-to-day basis. This means you should also have:

• A high degree of comfort adopting new software tools for document drafting, collaboration and communication.
• A love of writing - we have a major amount of written documentation that you will be contributing to, and we place a high degree of importance on clarity and readability (you can find out more here about how we write )

What will you be doing here?

As a Deputy MLRO at Griffin, you will...

• Assist the MLRO with the monitoring the implementation of our financial crime prevention framework across all financial crime types, setting the overarching requirements for the firms compliance with risk appetite and ensuring appropriate levels of assurance in adherence to the required standards.
• Provide ongoing financial crime prevention subject matter expertise in the form of advisory work to the 1st line of defence.
• Coordinate and prepare financial crime prevention MI and reporting. This includes both internal committee and MLRO oversight packs as well as regulatory reporting, all to be delivered within required timeframes.
• Manage the financial crime prevention monitoring programme, working with the Risk team and Internal Audit team to deliver a collaborative combined assurance model.
• Keep up to date with emerging regulatory changes in so far as they relate to financial crime and summarise/provide advice to the first line about the changes that are required.
• Act as a nominated person for the purposes of SAR oversight and reporting. Provide training and feedback to deliver SARs to the highest standard as required by the NCA.
• Design and deliver financial crime prevention training to the business.
• Deputise for the MLRO when they are not available.

What can we offer you?

We are an early stage startup and we're working hard to expand our benefits package. We're planning to add to this list in the future.

• 25 days off a year + bank holidays
• Flexible, remote-friendly working - including supporting home office setup
• Tax-advantaged stock options under HMRC's Company Share Option Plan (CSOP)
• 1:1 coaching and counselling through Oliva
• Auto-enrolment into company pension scheme
• Enhanced parental leave with up to 6 months at full pay
• Private medical insurance and life insurance (provided by Vitality and AIG respectively)

How do I apply?

Are we your next move? Apply via the link below, if there's a match our Talent team will reach out to schedule an initial conversation and talk you through our interview process in detail. 

N.B: We have a small London office in Moorgate, and we are comfortable hiring people to work from anywhere in the UK. About half of the company is based within occasional commuting distance of London, the other half is full-time remote.

Our goal is for Griffin to proportionally represent the diversity of the working population in society. We’re working to ensure that Griffin is a supportive, empowering and inclusive environment for every member of our team — whatever your combination of race, ethnicity, gender, age, sexual orientation, physical ability, nationality, neurodiversity, and religious beliefs. If you’re part of a group that is under-represented in fintech, we’d love to hear from you

Griffin Bank Ltd request that recruitment agencies do not speculatively submit CVs to any employee or associate of our company unless explicitly asked to do so by a member of our Talent team. 

Any CVs sent to any member of our team on a speculative basis will not be recognised and we will not accept liability for any fee or commission should we subsequently employ a candidate who applied to us directly or was introduced by an instructed agency that may also have been submitted speculatively by an uninstructed agency.