Head of FinCrime

The Head of FinCrime at Satispay is responsible for driving the financial crime strategy, developing a strong financial crime risk framework, overseeing outsourced due diligence, and constantly improving AML/CTF processes. They also provide insights to Tech & Product teams for user experience enhancements and lead a team of analysts while engaging with stakeholders.

To apply for the Head of FinCrime position at Satispay, candidates should possess extensive experience in fintech and compliance, particularly in AML/CTF roles. A strong understanding of regulatory frameworks in Luxembourg and the EU, along with a data-driven mindset, is essential. Candidates should also have excellent communication skills, preferably being multilingual.

Satispay ensures compliance with AML and CTF regulations by building a robust financial crime risk framework and implementing effective controls. The Head of FinCrime oversees processes and external partners, continuously identifies gaps in compliance, and drives enhancements to protect customers while maintaining a seamless user experience.

The company culture at Satispay is dynamic, inclusive, and collaborative. As the Head of FinCrime, you’ll engage with a diverse team and work closely with various stakeholders to optimize processes while fostering innovation. The emphasis on diversity means your unique perspectives will be valued and you’ll enjoy a positive workplace environment.

Satispay offers an array of benefits, including a hybrid working policy, meal vouchers, access to a language platform, health insurance, and a generous company welfare budget. Additionally, employees have the opportunity to participate in a stock option plan and receive support for relocation if moving from abroad.

To develop a financial crime risk framework, I would begin by assessing current regulations and identifying risk areas. I would then engage with stakeholders to ensure alignment on compliance objectives while translating regulations into actionable controls. Continuous monitoring and improvement would also be key to adapting the framework as we scale.

In my previous role, I identified inefficiencies in the AML reporting process. By implementing new automated systems, we reduced reporting times by 30% and improved accuracy. This not only enhanced compliance but also boosted team morale as analysts could focus on more strategic tasks.

I would prioritize clear communication, fostering open dialogue with stakeholders through regular updates and collaborative meetings. Building strong relationships and understanding their needs will help align our financial crime strategy with business goals, creating a more cohesive approach.

I believe in a hands-on leadership approach, providing guidance while empowering team members. Setting clear expectations, providing ongoing feedback, and facilitating professional development opportunities are crucial for fostering a high-performing environment.

Data plays a critical role in my decision-making process. I rely on data analytics to set KPIs, analyze trends and results, and drive decisions that align with our compliance framework. This ensures that our strategies are well-informed and effective.

To stay informed about changes in AML/CTF regulations, I follow industry publications, attend webinars and conferences, and engage with networks of compliance professionals. This helps me remain proactive and adapt our strategies accordingly.

Balancing compliance with customer experience requires a tailored approach that prioritizes user needs. I believe in developing streamlined compliance processes that mitigate risks while providing a seamless onboarding journey, ensuring customers feel valued.

In my previous roles, I have conducted comprehensive risk assessments, focusing on evaluating potential vulnerabilities and implementing controls. Utilizing historical data and predictive modeling has allowed me to identify threats effectively, ensuring robust protection against financial crime.

One of the biggest challenges in the FinCrime landscape is the rapidly evolving nature of financial crime techniques. Staying ahead requires agility in compliance measures, continuous education, and leveraging technology to enhance detection capabilities effectively.

I am motivated by the challenge of making a tangible impact on financial integrity and customer trust. Leading a team in the FinCrime sector provides an opportunity to innovate, inspire others, and contribute significantly to the growth and security of the organization.