Financial Crime Analyst, Octopus Energy Group
6-9 Month Contract, Octopus Electric Vehicles
2+ days a week in office
Entech company
Be an early applicant
Entech company
1001+ employees
Be an early applicant
2+ days a week in office
1001+ employees
Company mission
Octopus Energy's mission is to speed the transition to a sustainable, low carbon future through renewable energy and technology whilst putting customers at the heart of everything they do.
Role
Who you are
- 2 years of experience in financial crime risk management, preferably within the financial services, leasing, or automotive sectors
- Strong background in anti-money laundering (AML), fraud prevention, and anti-bribery/corruption initiatives
- Excellent analytical and problem-solving skills
- Excellent written and report writing skills, with a keen eye for detail and the ability to explain recommendations in a clear and concise way
- Strong communication and interpersonal skills, with the ability to collaborate effectively across teams
- Proficiency in financial crime detection tools and systems, as well as a solid understanding of relevant regulations
- Self-motivated and able to work independently with minimal supervision
- Proactive approach to identifying and addressing potential risks and issues
- Ability to adapt to a fast-paced environment and manage multiple priorities effectively
What the job involves
- As part of our desire to continually improve the way we operate, we are looking for someone to join our financial crime team, on a temporary basis to enhance our financial crime due diligence processes and documentation
- This is an exciting opportunity to both review and enhance our existing processes while ensuring the day-to-day of ongoing screening and monitoring is performed to a high standard and that we continue to align with both the regulatory and legal expectations and industry best practice
- You will be reporting into our new Financial Crime Senior Manager and ultimately into our Chief Financial Officer as part of this 6-9 month project
- Work closely with the Financial Crime Senior Manager to develop and implement targeted improvements in our financial crime framework
- Collaborate with cross-functional teams to analyse current practices and suggest enhancements to mitigate potential risks
- Ensure financial crime processes align with relevant regulations and industry best practices
- Support the roll-out of new systems and tools designed to improve detection, monitoring, and reporting of suspicious activities; calibrating screening parameters will be a key part of this area
- Review financial crime and reputation risk alerts, removing false positives and risk-rating findings according to the internal risk methodology
- Maintain internal records and suggest and implement ways to improve the approach to financial crime record keeping
- Assist in the preparation of reports and documentation for internal and external stakeholders, ensuring accuracy and completeness
- Provide ongoing support to the Risk & Compliance team during the contract period, including assisting with investigations and responding to inquiries related to financial crime
Salary benchmarks
Our take
According to Octopus, the energy industry in the UK is ruled by a handful of complacent companies peddling fossil fuels, pricing trickery, and poor customer service. Aiming to disrupt the status quo with sustainable energy, Octopus entered the market in 2016 and they now supply energy to millions of homes in a number of countries. Octopus has made a name for itself in energy circles largely because of its “Kraken” technology platform, which it claims is able to reroute energy from renewable sources around a network far more efficiently than competitors.
Octopus Energy further differentiates itself through its aspiration to make everything as easy as possible for consumers, from the simplicity of their bills and the fact that customers are not locked into a contract so they can leave at any time to offering customer service over email and social media at times that suit customers. They aim to make the eco‐friendly choice the easy choice, so all of their tariffs use 100% green electricity, while not being more expensive than their competitors' non-green tariffs.
They are continually creating innovative new products. For example, Octopus Tracker where prices changes daily to guarantee you get the market rate; Agile where the price changes every half hour to enable you to benefit from cheap electricity when the sun shines, the wind blows, and the networks are under-utilised. One of the current challenges they face is that their products are more complex than their competitors, given they use 1000x more data than traditional energy companies. They're exploring ways to explain to customers exactly how their products work.
Kirsty
Company Specialist
Insights
Some candidates hear
back within 2 weeks
46% female employees
44% employee growth in 12 months
Company
Employee endorsements
Challenging work
"The work that I am doing is often quite difficult. I am constantly challenged and problem solving, which I find rewarding as it means I am always..."
Funding (last 2 of 6 rounds)
Dec 2023
$800m
GROWTH EQUITY VC
Jul 2022
$225m
GROWTH EQUITY VC
Total funding: $2.5bn
Company benefits
- Your development is important - we support and help with development including internal and external courses, learning, study support etc, all bespoke to you
- Flexi working environment
- Equity Options Scheme - you own your own part of the business, share options in the whole Octopus Energy Group so we all work together towards success
- Unlimited paid time off policy
- Work from home opportunities
- Equity Option Scheme - Everyone owns part of what we’re building with shares
- Tech - We want to get the best out of our people and get that everyone is slightly different. Have a certain tech requirement? We’ll do our best to get it
- Money Coach - You may want to think about financial planning. The company has an arrangement with Octopus Money Coach. They offer the opportunity to talk with a professional coach
- Wellbeing - Need some calm in your life? We have 'Octopus Headspace Licences' available. Twice a week we have 45 Minute live yoga class open to all Octopus staff!
- Parents - get access to tax free childcare and maternity and paternity pay. We’re always looking for new ways to support parents, during lockdown we created OctoKids TV to help keep your kids occupied and entertained (https://octopus.energy/blog/octopuskids/)
- Office culture - Our offices are stocked with fruit, breakfast, great coffee, and soft drinks (and ice lollies if you're lucky)! Weekly on a Friday we all get together (this happens virtually too) for company updates and drinks - we call it Family Dinner. We won best company to work for in 2019 and our CEO, Greg has recorded a podcast about our culture and how we empower our people. Check out what our people say at Glassdoor!
- Car Salary Sacrifice - Browse the wide selection of electric vehicles and get a sample quote under our workplace salary sacrifice scheme. If approved, the monthly leasing costs are taken directly from your gross salary each month meaning you're saving on paying some tax
Company values
- Autonomy
- Empathy
- Innovation
- Impact
Company HQ
Fitzrovia, London, UK
Articles
Leadership
Greg Jackson
(CEO)Previously Adviser at Ashcombe Advisers for 9 years and Non-Executive Director at Zopa for 7 years.
James Eddison
(CTO)Previously CEO at Claripoint for 7 years and CTO at Tangent Labs also for 7 years.
Stuart Jackson
(CFO)Previously Director of "Foundation" Business Unit at Barclaycard for 2 years and Chief of Staff, Secured Lending SBU at Barclays also for 2 years.
People progressing
Joined as Marketing Assistant, being promoted to Marketing Executive after 6 months and again to Junior Product and Marketing Manager after 7 months. After 8 months they became a full Product and Marketing Manager.
Joined as Senior Talent Partner, being promoted to Talent Manager after 1 year and again to Head of Talent Acquisition after 8 months.
Diversity & Inclusion at Octopus Energy Group
- Unconscious Bias workshops for interviewers and hiring managers
- Octopus Energy Equality Foundation
- Partnership with the Saracens High School - inspiring future generations - https://www.saracens.com/powering-futures-together-saracens-high-school-octopus-energy/
- Octopus Energy Internships - https://octopus.energy/blog/ada-lovelace-tech-internship/
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