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Transaction Monitoring Manager

Berlin, Germany · Legal & Compliance

At SumUp our vision is to be a global leader in the FinTech industry and build a world where small businesses can be successful doing what they love. To get there, we are putting together a team that is passionate about what they do, committed to one another and to our merchants.

Our SumUp office in Berlin is currently hiring for the position of Transaction Monitoring Manager to join our Global GRC Department.

The AML team is a key component of SumUp’s 3 lines of defence and is responsible for the ongoing assessment and monitoring of the group’s AML risks. SumUp are recruiting for an experienced and self-motivated Transaction Monitoring Manager to work with our AML & KYC Department.

As our Manager of Transaction Monitoring, you will:

  • Be part of highly skilled team managing transaction monitoring and KYC framework at SumUp globally;

  • Design and execute a transaction monitoring strategy which can scale globally, while allowing for local nuances; 

  • Partner with the Compliance & Operations Team to up-skill the team and execute the strategy;

  • Interact with in-country MLROs to ensure their local transaction monitoring needs are met and to share learnings;

  • Continually improve the execution of the strategy such that it is effective and efficient, and appropriately manages our AML risk;

  • Coordinate with Operations and Risk teams to ensure the right tools are in place and the entire process, alert – investigation – SAR filing, is tooled appropriately;

  • Help develop statistics/reporting on the Program at a global and local level to MLROs and senior management and Boards, as required;

  • Collaborate with Compliance and Product partners to ensure new and existing product transactions are appropriately captured for monitoring of SumUp merchants.

Experience/Competences for the Role - what are you expected to know?

  • You have a structured approach to ambiguity and strong analytical skills

  • You are a doer – your ability to execute is critical to success;

  • You are a pragmatic problem-solver. Within SumUp, we face multiple challenges everyday; ownership, a consistent and pragmatic approach is vital for your success in this role;

  • You are a true Leader: previous experience in team management is mandatory;

  • You’re familiar with the European regulations applicable for Financial institutions, such as Payment Regulations, Anti-money Laundering, KYC, etc.

  • You have at least 5+ years of experience in independent management of Transaction monitoring framework for a FinTech or Payment institution. You may also have experience gained from an European regulator, or you are coming from a consulting firm with focus on the payments industry.

  • You are fluent in English - you'll be part of a truly global organization!

  • You’re willing to travel as required

Why SumUp?

  • A truly empowering Agile environment where you will make a difference and learn a lot.

  • An amazing team and work environment that works with passion and purpose to achieve incredible results.

  • Be a part of a truly global team: SumUppers come from over 50 different countries around the world! (The GRC Team has nearly 80 members over 3 continents).

SumUp is an Equal Employment Opportunity employer that proudly pursues and hires a diverse workforce. SumUp does not make hiring or employment decisions on the basis of race, colour, religion or religious belief, ethnic or national origin, nationality, sex, gender, gender identity, sexual orientation, disability, age or any other basis protected by applicable laws or prohibited by Company policy. SumUp also strives for a healthy and safe workplace and strictly prohibits harassment of any kind.

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