Due Diligence Analyst (12-Month Contract)

ClearBank was built on the belief that banking infrastructure would no longer slow down progress. Instead, it’s the catalyst that unlocks the potential to innovate. That’s why our clients - financial institutions from fintech’s and crypto platforms, to banks and credit unions - use our API to power their banking infrastructure.

But we wouldn’t be ClearBank without our people. They’re what powers our innovative technology and the reason we love what we do every day. We’re a group of spirited people who are never afraid to challenge the norm - becoming stronger, more energised, and that much better when we’re together. It’s our belief in fairness, autonomy and choice that means our people are empowered with the tools to learn, grow, and contribute to ours and our clients’ success. Interested in joining us? Read on or visit our website for more information.

About you

You’ll be joining the Onboarding and Ongoing Due Diligence teams as a Due Diligence Analyst. Reporting to the Due Diligence Operations Manager, you’ll be a part of a fast-growing business that is challenging the market and doing things differently.

As a Due Diligence Analyst, you will review prospective and existing clients for Onboarding and Periodic Reviews. Given the elevated risks posed by our products and services, you will need the ability to review client Financial Crime Systems and Controls frameworks, identify deficiencies respectively and mitigate associated risks. You will be expected to conduct client MLRO interviews, deep dive into client business models, identify downstream risks and apply targeted Enhanced Due Diligence where appropriate.

You will also be expected to present investigation findings succinctly to Senior Stakeholders, relaying key information on risks and mitigating actions for leadership approval.

Stakeholder and client management skills are key to the success of this role as you will be expected to liaise with both Internal and external stakeholders throughout the Due Diligence journey.

You will

• Complete Enhanced Due Diligence reviews on prospective and existing clients with varied risk exposure.
• Create presentations on proposals to accept or decline a client based on financial crime concerns.
• Hold client MLRO interview calls and be able to challenge professionally when required.
• Maintain internal records on financial crime matters.
• Support on ad hoc projects relating to financial crime operations.
• Maintain internal and external stakeholder relationships.
• Review payment flows to identify potential downstream risks.

Requirements

• Experienced in anti-financial crime regulatory requirements in the UK and Europe
• Good technical knowledge of:
• Correspondent banking products/ services, including different payment schemes and payment channels.
• Enhanced Due Diligence and transactional analysis with respect to correspondent banking, MSBs, PSP’s and Virtual asset businesses.

• Well-versed in handling Enhanced Due Diligence reviews.
• The ability to effectively apply a Risk Based Approach.
• Experience reviewing payment flows.
• Excellent communication and inter-personal skills
• Strong attention to detail and good judgment
• Able to work independently and to appropriately prioritise.
• Holds relevant professional qualifications.

Benefits

• At ClearBank we have a flexible working philosophy, empowering our employees to manage their time in a way which allows them to meet both work and personal commitments, in partnership with their line manager
• Spacious and well-equipped new offices in London and Bristol
• 27 days annual leave per year, plus flexible bank holidays
• The option to work outside of the UK for up to 30 days per year
• Regular company-wide socials
• Take a couple of days per year to volunteer with your chosen charity to do something bigger than ClearBank
• Private healthcare through Healix and discounted Bupa dental cover, with employee healthy living perks and discounts through YuLife
• Enhanced family-friendly leave
• Plus, you’ll have the opportunity to join an innovative team that’s building a bank fit for the future! 🚀

ClearBank is committed to ensuring equal opportunities throughout every stage of the recruitment process. ClearBank recognises that diversity is vital to the long-term success of the business in the communities and markets in which it operates. ClearBank is also a firm believer that an inclusive culture fosters greater employee engagement and collaboration.

ClearBank strives for diversity and inclusion of all forms, including (but not limited to): gender, age, educational and professional background, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief and sexual orientation.

As part of the Company’s commitment to equal employment opportunity, we provide reasonable adjustments, to candidates during the recruitment process, including to individuals with disabilities. We want to create a safe space that welcomes everyone so please let us know how we can accommodate you. In case you have any accessibility requirements you can share this with our Talent Acquisition team prior to your interview stage, if applicable.

The legal bit

By submitting your CV, you confirm that you can demonstrate you have the right to work in the UK. Regretfully we are not in a position to sponsor applicants for immigration purposes at the current time. By submitting your CV to ClearBank Limited you are providing your consent for us to use the information you provide for recruitment purposes. For more information on how we manage your data go and check out our Candidate Privacy Notice on the ClearBank website to see how we process, manage and look after your data. You are also allowing us to communicate with you by email and telephone for recruitment purposes.