Head of Financial Crime

SpaceXAI  ·  X Money

Soho, London  ·  Full-time  ·  On-site 5 days  ·  Competitive base + equity

X Money is live in the US. The UK financial crime programme is being built now, and it has to stand up to the FCA. This role sits in Compliance, reports to the US BSA/AML Officer, and owns the UK framework end to end — AML/CTF, sanctions, fraud, ABC, KYC/CDD/EDD, transaction monitoring, SARs, and the operating rhythm. You will still work the hard cases. It is a builder seat with accountability, not a queue job with “strategy” in the title.

If you have eight or more years inside an FCA-regulated bank, EMI, PI, or payments firm, have owned or rebuilt a financial crime control framework, and can still open a file, this is the seat.

• You write the UK programme while it is still being built. The standards you put in place are the ones the team — and the FCA — will actually use.
• Payments financial crime at consumer scale, not a private-banking book of 400 names. You sit with Product and Engineering, not three layers from the customer journey.
• Small team. Direct line to the US BSA/AML Officer. Scope is large; process theatre is not.
• The measure of the job is a programme that still works a year later. The role sits next to MLRO / SMF17-adjacent duties for the UK entity. If you want to be the named specialist in the room, this is how you get there.

• →Design and run the UK financial crime programme: policy, procedures, CDD/EDD, risk rating, sanctions screening, transaction monitoring, SAR handling, escalation, QA, and training.
• →Turn MLR 2017, POCA, the Sanctions and Anti-Money Laundering Act, JMLSG, the FCA Financial Crime Guide, SYSC 6.3, and payments/EMI expectations into something operations and product can run.
• →Own the UK business-wide risk assessment and keep it honest as the product, customer mix, and channels change.
• →Handle complex cases — PEPs, adverse media, sanctions hits, high-risk onboarding, fraud typologies, escalations — then use the queue to fix the framework.
• →Stand up first- and second-line controls: documentation, workflows, vendor oversight, quality sampling, MI, and issue management.
• →Put UK requirements into the customer journey with Legal, Operations, Product, and Engineering. Be the UK voice in global design decisions.
• →Report on quality, residual risk, throughput, and control health. Prepare the programme for internal audit, skilled-person reviews, and FCA scrutiny.
• →Build the operating model as the team grows. Hire, coach, and set the standard. Support MLRO / SMF17-adjacent duties as the UK permissions model requires.

• 8+ years of hands-on financial crime in a regulated UK firm (bank, EMI, PI, payments, or e-money), including substantial KYC/CDD/EDD.
• You know the UK regime well enough to argue a point — MLR 2017, JMLSG, POCA, UK sanctions, FCA expectations — and how it lands in a payments product.
• You have designed or rebuilt a framework, procedure, or control, not only cleared files or written a policy nobody ran.
• You have led people or a workstream. You can defend a risk decision and explain it to the Product without jargon.
• You will still do the cases. You close gaps in a small team and do not wait for a 30-page RACI.

• EU financial crime experience — a genuine bonus. Time with the EU AML package, 6AMLD, EBA guidelines, national transposition, or an EU FIU/regulator, especially on cross-border payments, wallets, or EMI/PI products. Useful because X Money will not stay inside one perimeter.