ClearBank is hiring a

Web3 Embedded Banking Oversight Lead

About us

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 fintechs 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 Banking as a Service (BaaS) team as an Embedded Banking Oversight Lead. Reporting to the Head of BaaS, you’ll be a part of a fast-growing business that is challenging the market and doing things differently.

As the Embedded Banking Oversight Lead, you will be responsible for co-ordinating the completion of a detailed and comprehensive assessment on all new Embedded Banking Partners to determine the adequacy of their control environment. As part of this assessment you will need to gain a detailed understanding of their Operating Model covering systems, processes and use of sub-contractors. Once live, you will be responsible for the ongoing monitoring of Embedded Banking partners, assessing the control performance and residual risks aligned to ClearBank’s risk taxonomy using both qualitative and quantitative data. You will ensure all activities are completed in accordance with the Oversight model including chairing of key governance sessions.

Under ClearBank’s Embedded Banking model, a firm is able to offer to its customers a deposit account, protected by the Financial Services Compensation Scheme (‘FSCS’). The fulfilment of obligations related to the bank account, particularly regulatory, is done by the Embedded Banking Partner under an outsourcing agreement between the Embedded Banking Partner and ClearBank.

ClearBank expects its Embedded Banking Partners to operate and maintain an effective Financial Crime Compliance framework and will assess this at onboarding and part of its ongoing oversight activities.

The Embedded Banking Partner Management function is responsible for the Onboarding and oversight of all Embedded Banking Partners. For new relationships this involves co-ordination of reviews and completion of documentation across multiple functions both internally and with the respective Embedded Banking Partners. Financial Crime forms a key part of this initial assessment. The function is also responsible for the ongoing oversight and monitoring of all relevant Risk and Controls across the Embedded Banking Portfolio in relation to Financial Crime.

And you’ll be joining the #14 fastest-growing tech company in the UK, according to Deloitte Fast 50.

You will be

The ideal candidate will have extensive experience in the design / maintenance of effective control environments gained in either 1st or 2nd Line of defence roles, along with a sound knowledge of correspondent banking services and strong technical and relevant regulatory knowledge. It will involve direct engagement with Embedded Banking Partners and interaction across several internal functions along with requiring strong stakeholder management, work organisation and communication skills.

This is an exciting and challenging role, and candidates must be robust to ensure Clearbank’s Embedded Banking Financial Crime Risk is within risk appetite.

We are looking for motivated team players who are delivery focused and can suggest solutions as to how things can be done better, as we’re always looking to improve and do things differently.

What we are looking for

Core Skills and Experience:

• Ensure compliance with all internal policies, Standards, industry guidance and regulation
• Lead the completion of the key Risk Assessments for all new Embedded Banking relationships in accordance with Policies, standards, and procedures
• Be responsible for the monitoring and oversight of existing Embedded Banking Partners in accordance with standards and procedures
• Ensure all oversight activities are completed in accordance with the Oversight Model
• Define and report internal and external Key Risk Indicators enabling data driven performance monitoring
• Chair all Embedded Banking Partner governance sessions where required
• Ensure timely escalation of all material risks for further consideration and / or action
• Responsible for tracking and closure of all remedial actions within due dates
• Maintenance of Embedded Banking Partner Management Procedures covering Onboarding & Oversight
• Support in the delivery of relevant aspects of the Embedded Banking change programme
• Support the development and implementation of new systems and controls
• Build and maintain knowledge of all relevant legislation, regulatory changes, and industry best practice
• Build and maintain relationships with Embedded Banking Partners and internal stakeholders across the business to meet role objectives and deliver key activities
• Significant expertise in risk and control frameworks and compliance with regulatory standards
• Strong understanding of sectors such as money remittance, electronic money, APIs, Cryptocurrency firms, and merchant acquirers is a plus
• Experience dealing with complex and varied business models
• Self-starter, able to work independently when needed, and to prioritise tasks
• Ability to communicate and negotiate with key stakeholders and customers
• Strong attention to detail and good judgement
• Work to tight deadlines under pressure whilst maintaining high level of quality and competency
• Strong organisational skills with the ability to manage competing priorities

Financial Services/Banking Experience:

• Significant expertise in risk and control frameworks and compliance with regulatory standards
• Strong understanding of sectors such as money remittance, electronic money, APIs, Cryptocurrency firms, and merchant acquirers is a plus
• Experience dealing with complex and varied business models

Key Skills and expertise:

• Self-starter, able to work independently when needed, and to prioritise tasks
• Ability to communicate and negotiate with key stakeholders and customers
• Strong attention to detail and good judgement
• Work to tight deadlines under pressure whilst maintaining high level of quality and competency
• Strong organisational skills with the ability to manage competing priorities

We are looking for motivated team players who are delivery focused and can suggest solutions as to how things can be done better, as we’re always looking to improve and do things differently. It is important that you have this mind-set too.

About what we offer

• 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! 🚀

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.

Apply Now: