Fraud and Financial Crime Manager - India
Solaris is a leading European fintech that proudly supports over 2.5 million customers and processes €13bn in annual transactions. We welcome the best talent to join our ambitious and committed team.
Solaris is Europe’s leading embedded finance platform empowering the future of financial services. As a tech company, we enable businesses to easily provide trusted and innovative financial experiences to their customers. Through smart APIs, our partners can embed financial services quickly and compliantly into their own product offerings.
We love what we do and we love our team. We are 750 people from over 60 nationalities - a unique blend of techies, fintech enthusiasts, bankers and entrepreneurs from various industries. Our routines are built around genuinely valuing and exchanging different perspectives as well as actively sharing knowledge as we drive our business as a team. We believe and invest in personal growth.
Job Overview:
As a Fraud & Financial Crime (F&FC) Manager you will be responsible for the day-to-day management of part of our operational F&FC team, ensuring workload is managed appropriately across multiple tasks and that investigations conducted meet internal and external requirements in regard to quality and the prevention of financial crime.
The successful candidate will be responsible for overseeing and managing part of the Solaris’ transaction monitoring process, the completion of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews and ensuring compliance with all applicable regulatory requirements. The ideal candidate will have a strong background in Anti-Money laundering (AML) regulations, risk management, and a keen eye for identifying suspicious activities.
You will provide expert guidance to the team and other internal stakeholders on financial crime matters and support the head of department in shaping a risk aware culture across the business. In addition, you will also co-ordinate the development of both new and existing operational procedures and gain an in-depth understanding of our transaction monitoring systems in order to identify and implement appropriate measures that mitigate risk to Solaris and our clients.
As Solaris continues to grow, protecting our business and clients from the risks associated with the payments and transactions we process will be crucial. The team will be instrumental in guiding and educating internal stakeholders on best practice and policy and ensuring that our systems and processes are optimised to support business expansion.
This role is based on shift work, some shifts during the week will be overnight.
We have talented teams across all our functions, and we are always interested in talking to more talented people who want to be a part of this journey.
Your Role:
Transaction Monitoring (20%)
- Oversee and manage the daily monitoring of transactions to detect potential money laundering, fraud, terrorist financing, and other suspicious activities.
- Analyse transaction alerts generated by our transaction monitoring system and escalate cases for further investigation as necessary.
- Ensure timely review and resolution of transaction alerts in compliance with regulatory deadlines.
Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) (40%)
- Manage the approval/dispositioning of high-risk customers after reviews are completed by your direct reports.
- Conduct CDD and EDD reviews on new and existing customers to assess their risk profile.
- Ensure all required customer information and documentation are collected, verified, and maintained in accordance with regulatory requirements.
- Perform periodic reviews of high-risk customers and update their risk profiles as necessary.
- Identify and investigate complex and high-risk customer relationships and transactions.
People Management & Development (20%)
- Ensure that the team understand and evidence the Solaris values
- Manage, motivate and guide the team to deliver the financial crime strategy for Solaris.
- Ensure that the team are focussed and develop subject matter expertise across our areas of responsibility.
- First point of escalation for team members, other internal stakeholders, Solaris clients and the team. Provide effective guidance and support as necessary.
- Agree and document formal objectives, in line with department goals set out by the Head of Fraud & Financial Crime.
- Conduct regular 121’s and performance reviews with a focus on personal development and wellbeing.
- Quality Assurance of team tasks, providing constructive feedback and coaching where necessary in line with internal procedures.
MI & Reporting (10%)
- Production of relevant reports & MI in relation to operational performance.
- Proactive identification of key areas of concern and development of action plans to implement change if required.
- Provision of key insights into team performance to help drive improvements.
- Champion financial crime awareness throughout the business and our clients.
- Represent our function at internal meetings and as SME on key business projects
Training & Education (10%)
- Creation of training material related to operational tasks for current employees and new starters.
- Educating the team on emerging Financial Crime risks.
- Creation and deployment of training schedules for new starters including sign off.
We'd Love to See:
- You have 7 years’ financial crime experience in the payments and/or banking space, at least 3+ of which of which must have been in a managerial/leadership position.
- You have managed operational teams and have a proven track record of delivery.
- You’ve operated at a senior level in a 1st Line of Defence or Risk & Compliance function.
- You have deep knowledge of financial crime regulation and stay abreast of changes to regulations.
- Detailed understanding of financial crime typologies across multiple payment types
- Demonstrable, in-depth experience of Transaction Monitoring, Customer Due Diligence and Enhanced Due diligence.
- Understanding of current and future regulatory legislation relating to financial crime risk in the payments space
- Self-starting with a considered approach to defining best practice
- Able to contribute to strategic thinking as well as focusing on the day-to-day business requirements
- Structured approach, with good attention to detail and able to keep things on track
Why Work at Solaris?
- We seek out and hire only exceptional talent, and therefore recognise that each individual brings value and contribution which has made us who we are today.
- We have a tech stack to be proud of and a working environment framed by our values and behaviours.
- We are passionate people who share a common vision, can think big, and thrive on delivering results.
- We value diversity of thought and expect that you bring all of you to work; your passion, creativity and ideas on how we can be the best in the space that we operate in.
- In return we will help you to be the very best that you can, we will support with development, give you opportunities to get involved in key projects and offer exposure to challenges that you may not get in a larger organisation.
Benefits:
- Lucrative Leave Policy
- Yearly Performance Bonus
- EAP
- Employee Referral Bonus
- Annual Growth & Development allowance
- Time off to volunteer
- Personal Accident Policy
- Group Mediclaim
- Group Term Insurance.
While job ads usually paint an ideal picture of a candidate, studies show that most applicants meet an average of 60% of the criteria. Unfortunately, many promising candidates tend to apply only if they meet all the criteria. So if you think you have what it takes, but don't necessarily meet every single item in the job description, please contact us anyway. We'd love to talk with you and find out if you might be a good fit for us.
Solaris is an equal opportunity employer, embraces diversity and builds an inclusive environment for its employees and customers. We consider all applicants for employment regardless of age, disability, sexual orientation, gender identity, family or parental status, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation.
To all recruitment agencies: Solaris does not accept unsolicited agency resumes. Please do not forward resumes to our jobs alias, Solaris employees or any other venture in our ecosystem. Solaris is not responsible for any fees related to unsolicited resumes.
- Department
- Fraud & Financial Crime
- Locations
- Ahmedabad
- Remote status
- Hybrid Remote
Ahmedabad
About Solaris
Solaris is Europe’s leading embedded finance platform empowering the future of financial services. We enable businesses to easily provide trusted and innovative financial experiences to their customers. Using Solaris’ smart APIs, our partners can embed financial services quickly and compliantly into their own product offerings, so they can focus on creating products their customers love.
At Solaris we share a common purpose – to collaborate to make Solaris, and its products, the best it can be so that together, with our partners we can redefine the financial services industry.
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Fraud and Financial Crime Manager - India
Solaris is a leading European fintech that proudly supports over 2.5 million customers and processes €13bn in annual transactions. We welcome the best talent to join our ambitious and committed team.
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