Fung Payments
Fung is a regulated Payment Service Provider (PSP) for Vertical SaaS Platforms. Backed by tier-1 investors, we are a start-up with ambitious goals and a team of payments experts. Our mission is to enable platforms to embed payments seamlessly, handling the end-to-end payments infrastructure, compliance, and risk management for our merchants.
We are seeking an experienced Compliance & Financial Crime Manager to serve as the Money Laundering Reporting Officer (MLRO) for our UK-regulated entity. This is an SMF 17 role. This pivotal role requires a deep understanding of the financial crime risk landscape and comprehensive knowledge of UK regulatory expectations.
This role is a unique opportunity to lead the financial crime agenda and shape the compliance culture of a dynamic, UK-regulated financial entity as well as to support the Company in other areas of regulatory compliance and risk management. If you are a strategic thinker with a passion for regulatory compliance and risk management, we invite you to apply and make a significant impact.
Support the FCA License Application Process: Work closely with senior leadership and regulatory advisors to support the FCA authorization process, ensuring that all financial crime-related policies, frameworks, and controls meet regulatory expectations.
Lead and Manage the Financial Crime Program: Develop, implement, and continuously enhance the AML/CFT and financial crime framework, ensuring robust controls against money laundering, terrorism financing, and sanctions risks.
Domain Expert for AML/CFT and Sanctions Compliance: Act as the senior subject matter expert for Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), and Sanctions regulations, providing strategic guidance and operational support.
MLRO Duties: As the appointed MLRO, ensure timely reporting of suspicious activity to the relevant authorities, maintaining full compliance with UK regulatory requirements.
Strategic Advisory and Stakeholder Engagement: Collaborate with the Board of Directors, the compliance & ops team to provide strategic direction and operational insights on financial crime risks and regulatory changes.
Reporting Structure: Report directly to the Board of Directors, ensuring clear communication and alignment on compliance objectives and risk management strategies.
Extensive experience in AML, CFT, and financial crime compliance within a regulated financial institution (EMI, PSP, Bank, or FinTech).
Approved or previously approved as an SMF17 (MLRO) by the FCA, or eligible for approval.
Strong understanding of UK AML laws, FCA expectations, JMLSG guidance, and sanctions regulations.
Proven experience leading financial crime compliance programs, including transaction monitoring, SAR reporting, fraud risk management, and regulatory audits.
Hands-on experience supporting FCA license applications and regulatory engagement is a strong plus.
Exceptional communication skills and ability to engage with regulators, law enforcement, and senior stakeholders.
Experience with payments, embedded finance, or fintech platforms is a plus.
Impactful Role: An opportunity to have an impact on what we aspire to become the global leading payments platform for Vertical SaaS.
Competitive Compensation: Attractive salary, equity, and benefits.
Flexible & Strategic Opportunity – This is a part-time, remote role based in the UK,with the opportunity to take a foundational leadership position in the UK entity as we scale.
Recruitment Process:
Screening Call (30-45 mins): An initial conversation with a member of our team to discuss your background, the role, and how we operate.
Compliance & Regulatory Discussion (1 hour): A deep dive into your expertise in AML, financial crime compliance, and UK regulatory expectations, including how you would approach the MLRO (SMF17) role.
Final Interview/Case Study (1 hour): A structured discussion with our leadership team, where you’ll walk through a realistic case study related to financial crime risks, regulatory challenges, or FCA engagement. This will give us insight into your approach to problem-solving and decision-making.