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 the Embedded Banking Oversight Function
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 Compliance framework and will assess this at onboarding and part of its ongoing oversight activities.
The Embedded Banking Oversight 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.
What you'll do
As an Embedded Banking Oversight Manager, you will co-ordinate 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 quantative data. You will ensure all activities are completed in accordance with the Oversight model including chairing of key governance sessions. The role also includes running key performance meetings with our partners.
As the Embedded Banking Oversight Manager you will have 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 external & internal stakeholder management, work organisation and communication skills.
This is an exciting and challenging role and you must be robust to ensure Clearbank’s Embedded Banking Conduct Risk is within risk appetite.
You will need to take a flexible approach in your responsibilities. As such you will be required to undertake additional duties as commensurate with your experience.
Requirements
Financial Services/Banking Experience:
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
Benefits
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.