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Compliance & Ops Trainee

Fung Payments

Fung Payments

Legal, Operations
Amsterdam, Netherlands
Posted on Jun 3, 2024
Our vision

About Fung

Fung is a regulated Payment Service Provider (PSP) for Vertical SaaS Platforms. We enable platforms to embed payments into their offering in a seamless manner. We handle the end-to-end payments infrastructure, compliance and risk management on behalf of our merchants. Fung is headquartered in Amsterdam. We have raised capital from some of the best technology investors in the world.

What we are looking for

We always seek curious, intelligent and highly driven individuals to help build the next-generation PSP. We highly prefer in-person interaction to build our team and help each other tackle the challenges we encounter on our day-to-day.

How we work:

  • Ownership: you are empowered to act, take decisions and challenge ideas.

  • Open and transparent: We always keep everyone in the loop about everything going on in the company. Feel free to ask us anything.

  • We're working in a fast-changing industry, so we learn every day.

  • We are risk-takers and believers. Mistakes are how you learn.

  • Focus on getting stuff done, no 9-5 mentality, no meetings without agenda.


Role Description:

As a Compliance & Operations Intern, you will play a pivotal role in optimizing our operational frameworks and ensuring compliance with regulations. This position offers a unique opportunity to engage with the core functions of a regulated PSP, focusing on merchant onboarding, operational efficiency, and process development to support business growth and regulatory adherence.

You’ll get the best of both worlds: Experience firsthand how an early-stage start-up is being built, and enjoy & benefit from a fast-paced and flexible environment while working closely with experienced experts in their field. That means you will not only support and leverage your skill set but learn & grow by taking on projects with a high degree of ownership.


Responsibilities
  • Regulatory Compliance: Keep an eye on AML/CTF legislative dynamics, ensure all merchant onboarding processes adhere to our Policies and Procedures. Update and refine compliance protocols to meet evolving legal requirements.

  • Merchant Onboarding: as a part of the learning experience you will help develop and execute a streamlined onboarding framework that minimizes time-to-market while ensuring compliance.

  • Cross-Functional Collaboration: Work closely with Tech, Legal, and Business Development teams to ensure a cohesive approach to compliance and operations. Provide compliance insights during product development and strategic planning.

Experience & Skills
  • Currently pursuing a Bachelor's or Master's degree in Law

  • Entrepreneurial problem-solver with a structured, analytical approach and independent working style.

  • Analytical, organised and eager to understand the intersection of various laws, rules and regulations.

  • Proactive and willing to take ownership of tasks. "This is not my job!" is not part of your vocabulary.

  • Adaptable to change and ambiguity, with strong logical thinking and prioritisation skills.

  • Team player with a collaborative spirit.

  • Quick learner, open to acquiring new tools and skills as needed.

  • Excellent problem-solving skills.

What we offer
  • Internship compensation (EUR 1,200) and the possibility of obtaining a full-time position. You must be enrolled in a university program to be eligible for the Internship.

  • Opportunity to join a fast-growing company in a growing industry, with opportunities for personal development.

  • Experience the vibrant atmosphere of a startup, characterised by an unwavering commitment to progress, problem-solving and company growth as well as personal growth as a valued member of our pioneering team.

  • A really cool company and products to work on with cutting-edge technology, and freedom for you to express your views and ideas.

  • Assistance with home office setup.

  • Office in Pand Noord in Amsterdam North, sharing building space with other inspiring companies.

  • Friday drinks, regular team lunches, dinners and outings as a close-knit but diverse team of co-minded people, and a daily lunch in the office, along with a stocked fridge with soft drinks and snacks for refreshing breaks.

Recruitment Process:

  1. Screening Call with COO - 15-30 mins

  2. Case Study/Test (async) - 1 hour

  3. In-person meeting at our office - 1 hour

We do not work with third-party recruiters or outsourcers! You must be enrolled in a university program to be eligible for the Internship. Apply at https://www.fungpayments.com/careers