Financial Crime Risk Manager – Germany

Location: Bulgaria
Department: Risk & Compliance

About Tide:

At Tide, we are building a finance & admin platform designed to save small businesses time and money. We provide our members with business accounts and related banking services, but also a comprehensive set of connected administrative solutions from invoicing to accounting.

Launched in 2017, Tide is now the leading business financial platform in the UK with 575,000 SME members (10% market share) and more than 250,000 SMEs in India. Headquartered in London, Tide has over 1,800 Tideans across the UK, Bulgaria, India, Serbia, Romania, Ukraine and Germany. 

Tide is rapidly growing, expanding into new markets and always looking for passionate and driven people. Join us in our mission to empower small businesses and help them save time and money.  

What we’re looking for:

At Tide we are looking for a Financial Crime Risk Manager – Germany, to work as part of our 2LOD team. The role will be responsible for creating, managing and enforcing our financial crime policy and risk assessments. The role reports to the Director of Financial Crime Risk and is an integral part of managing Financial Crime Risk across Germany. This is an exciting opportunity to be part of a new country launch for Tide, helping shape how we manage financial crime risk in Germany, and scale it as we grow our business there. 

The Financial Crime Risk Manager – Germany must be acquainted with the BaFin and CSSF regulatory requirements Tide faces, including industry best practices for mitigating common risks. You must have experience in providing advisory, support and oversight to 1LOD teams in order to understand gaps or deficiencies, and be comfortable sharing these with senior stakeholders to drive change. You will lead internal forums to demonstrate  adherence to regulation, policy, risk appetite, and risk management frameworks. You will ensure that all financial crime risks at Tide are recorded on the Risk Register and will assist 1LOD with Risk Treatment plans to reduce the risks that have materialised as priority, whilst documenting emerging risks in conjunction with Financial Crime Intelligence.

As a Financial Crime Risk Manager you’ll be: 

  • Building a successful 2LOD operation from scratch setting the standard for financial crime risk across Tide Germany.
  • Creating and then maintaining the financial crime/ Product risk assessments on an ongoing basis, things move fast at Tide so its important these documents stay up to date. Both financial crime and product risk assessments will ultimately feed into the Enterprise Wide Risk Assessment
  • Identifying gaps and opportunities for improvement in financial crime risk policies, procedures and processes, and inform risk appetite across the business 
  • Maintaining an effective working relationship between the 1st and 2nd line of defense. This role will be the point of contact on matters relevant to financial crime, including escalating significant matters, providing additional information, analyzing/interpreting legal, regulatory and internal policy/procedure issues. This includes proactively escalating financial crime risks to all relevant stakeholders at internal governance forums.
  • Collaborating and assisting Financial Crime risk and Compliance team members as necessary for continuous improvement of processes and to share best practices 

What makes you a great fit: 

  • A real passion for fighting financial crime. At Tide we really care about the impact we made on the wider field when it comes to reducing financial crime.
    • Participating in external forums and engaging with other Financial Institutes to have an impact is a another area we would want you to be passionate about 
    • Must be self-motivator, self-starter and ability to work independently and has a genuine passion for financial crime. 
  • Are passionate about using technology, excited about the prospect of building from the beginning and scaling and really getting to grips with products and financial crime risk associated with them
    • The ability (and enjoy)  to multitask and successfully operate in a fast paced, team environment will be key to your success at Tide. Must adapt well to change and successfully set and adjust priorities as needed.
  • Minimum of 5 years of practical experience in financial crime roles within an BaFin and CSSF-regulated financial services firm and has a good understanding of best practise. Its important that you are a free thinker and someone who wants to go over and above to improve the way things.  
    • Specifically in a 2LOD team or closely working with 2LOD. 
  • Experience in conducting Financial Crime risk assessments and ability to communicate effectively with 1LOD teams, to ensure they understand the risks in their area.
  • Understanding and oversight of Key financial Crime risk indicators and metrics
    • Capability to create metrics, and then summarize them  into an easily digestible report which calls out the key trends on a monthly basis for senior stakeholders at governance forums
  • Excellent verbal, written, and interpersonal communication skills in English and German

What you’ll get in return:

  • 25 days paid annual leave 
  • 3 paid days off for volunteering or L&D activities
  • Extended maternity and paternity leave covered by the company
  • Personal L&D budget in the amount of 1000 BGN per year
  • Additional health & dental insurance
  • Mental wellbeing platform 
  • Fully covered Multisports card
  • Food vouchers
  • Snacks, light food, drinks in the office
  • WFH equipment allowance
  • Flexible working from home
  • Sabbatical Leave
  • Share options

Tidean Ways of Working 

At Tide, we champion a flexible workplace model that supports both in-person and remote work to cater to the specific needs of our different teams. 

While remote work is supported, we believe in the power of face-to-face interactions to foster team spirit and collaboration. Our offices are designed as hubs for innovation and team-building, where we encourage regular in-person gatherings to foster a strong sense of community. 

Tide is a place for everyone

At Tide, we believe that we can only succeed if we let our differences enrich our culture. Our Tideans come from a variety of backgrounds and experience levels. We consider everyone irrespective of their ethnicity, religion, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity or differently-abled status. We celebrate diversity in our workforce as a cornerstone of our success. Our commitment to a broad spectrum of ideas and backgrounds is what enables us to build products that resonate with our members’ diverse needs and lives. 

We are One Team and foster a transparent and inclusive environment, where everyone’s voice is heard.