SafeGuarding Business Analyst at Vitesse PSP – United Kingdom (Hybrid)

Job Description

Description

We are Vitesse – the treasury and payment partner of choice for insurance.

Formed in 2014 by a team of proven FinTech entrepreneurs, we are an FCA-regulated business providing global claim funds management and payment solutions. Operating one of the largest banking and payment settlement networks in the world, we give our customers direct access to 200 countries and currencies. Through a single integration, insurers can use this network to pay claims in as fast as 45 seconds and deliver a superior claimant experience. Our market-leading treasury proposition provides insurers with transparency and control over their claim funds, even when delegated to third parties, allowing them to have their money in the right place, at the right time, to make that all-important payment when customers need it most.

With over 175 employees across our London headquarters, Europe, and the US, $93m Series C funding secured, and exceeding £10bn in processed transactions, we are only just getting started.

We are collaborative, and customer-centric and work with integrity, whilst partnering with some of the biggest insurance leaders including Lloyd’s of London and Many Pets. We take huge pride in our company culture, ensuring that everyone has a part to play, an opportunity to be heard, be involved, and the ability to make a real difference.  As we continue to scale up, we want like-minded humans to join us on this exciting journey. Are you ready?

The Role

In response to the impending changes to the safeguarding regime that e-money firms are subject to in the UK, and the firm’s international expansion, Vitesse is creating a new role to centralize the coordination of all safeguarding-related activity. The new structure will help achieve operational compliance with the new UK CASS standards and remain compliant on an ongoing basis.

The Safeguarding Business Analyst will be responsible for supporting the VP Risk in the oversight and execution of the firm’s safeguarding frameworks, working cross-functionally and across Vitesse’s regulated entities to ensure compliance with the firm’s safeguarding obligations and the proper protection of client funds.

Core Responsibilities

• Maintain the firm’s Safeguarding Policies.
• Maintain the firm’s safeguarding and flow of funds operating models
• Maintain the firm’s wind-down plan(s) and Resolution Pack(s) for the group.
• Support the assessment of changes to applicable regulations on the firm’s safeguarding framework and coordinate required change initiatives.
• Engage with Product and change initiatives to understand the impact on the firm’s safeguarding framework.
• Work with safeguarding control owners to ensure appropriate assessment of control adequacy in line with the firm’s risk management framework.
• Coordinate the firm’s safeguarding / CASS audits and support management of the audit relationship.
• Act as a secretary for the Safeguarding Committee, coordinating inputs from all stakeholders.
• Driving continuous improvement across the firm, identify and act on opportunities to ensure Vitesse demonstrates a best-in-class approach to safeguarding.

Requirements

The right person for the role can come from a range of backgrounds and does not have to have direct experience in all areas of responsibility. They need to be able to demonstrate an aptitude to pick up all relevant areas, a high work ethic, and an eagerness to learn.

Relevant work experience:

• 2-5 years working within Financial Services Business consulting, or a related regulated industry enabling the candidate to demonstrate relevant skills and experience. Example roles may include:

o   Management Consultant

o   Business Analyst

o   Project Manager/change roles

o   Risk Analyst

o   Treasury Management

Qualifications and education level:

• Bachelor’s degree or equivalent

We will consider exceptional candidates with experience, skills, and/or qualifications that fall outside of these criteria where they demonstrate the necessary skills and potential to learn quickly in the role.

Relevant Skills:

• Ability to understand and analyze business processes and assess strengths and weaknesses;
• Strong document writing skills, including policy, procedures, presentations, and operating flows.
• Experience managing projects and/or driving initiatives cross-functionally across an organization.
• Highly analytical – keen to challenge and understand root causes;
• Strong communication (oral and written)
• Ability to handle and analyze data;
• Organized, diligent with strong attention to detail;
• Desire to learn;
• Able to work well with a team and the wider business; and
• A positive outlook and a continuous improvement mentality.