Financial Crime Analyst – Transaction Monitoring

Edinburgh

4 days a week in the ofiice

Are you curious, excited by experimentation and always looking for a better way of doing things?

Do you want to keep learning and developing while getting hands-on experience across the full breadth of financial crime operations?

Do you want the opportunity to work in a high-growth, fast-paced and collaborative environment with fantastic clients and partners?

If so, we would love to hear from you.

This is a great opportunity to support Modulr, a leading payments business in the UK and Europe, in our ambition to scale effectively while maintaining robust, compliant and efficient financial crime operations.

About Modulr

Modulr enables businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment schemes, accounts, and card products.

We have created an industry-leading API platform with comprehensive online tools and access, to meet the demands of daily business payments. We solve complex payment problems for hundreds of clients in a range of industries, including Travel, Lending, Wage Advance, and Investment & Wealth.

We are deeply integrated into the payment ecosystem. In the UK, we are direct participants of Faster Payments, CHAPS and Bacs. Modulr hold settlement accounts at the Bank of England. Our payment network connectivity includes Open Banking, SEPA, SWIFT and account issuance in multiple currencies. We are principal issuing members of Visa and Mastercard schemes across UK and Europe.

We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.

Modulr now has over 500 employees spread globally across offices in London, Edinburgh, Amsterdam, and Mumbai.

Modulr Values

Building the extraordinary; going that extra mile.

Owning the opportunity; be passionate and proud of the time you invest.

Move at pace; reach goals faster whilst supported on your career journey.

Achieve it together; working collaboratively and being a Modulite.

The Role

The Financial Crime Operations function executes processes to mitigate risks to Modulr as they relate to Money Laundering/Terrorist Financing, Fraud, Sanctions, and other Financial Crime risks.

We are seeking a detail-oriented and driven Financial Crime Analyst to join our Transaction Monitoring team in Edinburgh. While the role sits within Transaction Monitoring, Financial Crime Operations works as one connected function, and you will be expected to flex across Transaction Monitoring, Fraud, and Screening as priorities demand, with the potential to also support Onboarding and CDD. You will build a broad, well-rounded skill set across financial crime disciplines.

You will report into the Transaction Monitoring Team Manager and work closely with colleagues across Fraud, Screening, and the wider Financial Crime Operations team to ensure alerts, cases and reports are handled accurately and within required timescales.

This is a great opportunity for someone looking to build broad, versatile expertise in financial crime risk management within a dynamic, fast-paced environment.

Key Responsibilities

Your day-to-day work will be varied, with tasks shared across Transaction Monitoring, Fraud and Screening depending on business need. This will typically include:

Reviewing and investigating alerts and cases generated across Transaction Monitoring, Fraud and Screening, applying sound risk-based judgement.

Carrying out research and analysis to support decision-making, including account history, transactional patterns, and relevant watchlist or media checks.

Documenting findings clearly and, where required, preparing and filing reports (such as SARs/UTRs) with internal and external stakeholders within agreed timescales.

Potentially supporting client onboarding and Customer Due Diligence (CDD), including reviewing onboarding information, verifying customer details and assessing risk in line with internal policies.

Identifying process, system, and control improvements, and sharing emerging financial crime trends and typologies with the wider team.

Maintaining quality and consistency in your own work, meeting internal QC and SLA standards.
Collaborating with colleagues across Fraud, Transaction Monitoring, Screening, and other Financial Crime Operations teams to support consistent risk assessment and process alignment.
Taking on ad hoc tasks and projects across the function as priorities shift.

About You

You have experience working in financial crime within a regulated environment (payments, banking, or fintech).

You are versatile and comfortable moving between different types of financial crime work.

You are detail-oriented and comfortable following structured processes while maintaining accuracy under time pressure.

You can manage competing priorities effectively, ensuring the most critical tasks are completed first without compromising quality.

You take ownership of your work, including quality control, and strive to meet or exceed SLAs.

You are proactive and curious, willing to engage with stakeholders across teams to improve processes and strengthen financial crime controls.

You communicate clearly and professionally, both in writing and verbally, with internal teams and external partners.

You have an analytical mindset and can spot patterns or anomalies that may indicate emerging risks.

You enjoy rolling up your sleeves and doing whatever is required to achieve the goals of the team and wider business.
You are inquisitive and take a proactive approach to problem solving and issue resolution.

Skills & Experience

Experience working in financial services with a solid understanding of financial crime risk; exposure to Transaction Monitoring, Fraud, or Screening is desirable but not essential.

Good knowledge of money laundering, terrorist financing, fraud and sanctions typologies and investigation skills.

Understanding of the regulatory landscape Modulr operates in.

Strong written and verbal communication skills for engaging with internal teams and external partners.

Ability to work under pressure and meet strict SLAs without compromising accuracy.

Proactive in suggesting enhancements to workflows, documentation and procedures.
Relevant qualifications and/or professional certifications in financial crime (e.g. ICA, ACAMS) would be an advantage.

What Modulr Offers

You will be part of a cross-disciplinary team with colleagues based in Edinburgh, London, Amsterdam, and India. We are friendly and sociable, challenging but rewarding. We want you to push yourself and for us to support you as we scale up and grow.

Share Options Incentive Scheme.

Company Bonus — the more successful we are together, the greater the reward.

Flexible benefits — £1,000 to spend on a variety of benefits including private medical insurance, gym membership, health checks, and more.

33 days holiday (including bank holidays) and your birthday off.

Learning opportunities — including our two-day ModStart onboarding programme and ongoing learning channels and platforms.

Great workspace — state of the art offices at Exchange Crescent, Edinburgh. We ask team members to be in the office 4 or more days a week.
Bike to work / E-bike scheme.

ModInclusion

At Modulr, we are working hard to build a more positive, diverse and inclusive culture where everyone feels they belong and can truly bring their whole self to work. Not only is it the right thing to do for everyone in the Modulr team — it’s also the right thing to do for our business, the community we operate in, and for attracting future talent. As part of our approach, we actively welcome applications from candidates with diverse backgrounds.

About the company

Modulr Finance provides a suite of payment solutions for businesses, including automated payments with conditional rules, open banking technology to reduce fraud and improve experiences, and the ability to issue physical and virtual branded cards. The system works by letting teams set up rules like 'if this, then that' to automate payments, securely integrating open banking to verify and protect transactions, and generating branded cards for customers and staff. The company differentiates itself through a focus on embedded payments via partnerships and integrations, offering white-label options and revenue-sharing models, and maintaining strong compliance with regulators (FCA and DNB) to ensure security. Modulr’s goal is to help businesses streamline operations, boost efficiency, and create new revenue streams while providing real-time payment notifications.

Company Size

501-1,000

Company Stage

Series C

Total Funding

$191.9M

Headquarters

London, United Kingdom

Founded

2015

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Simplify's Take

What believers are saying

February 2026 profitability gives Modulr self-funding capacity for US and Europe expansion.
September 2026 Cogent Bank partnership widens U.S. reach across ACH, RTP, and FedNow.
June 2026 cVRP launch and July 2026 Oakbrook VRPs deepen Collections Hub adoption.

What critics are saying

Modulr's FIS and Cogent reliance concentrates U.S. expansion risk in partner execution.
The FCA and DNB can slow launches, product changes, or capital allocation immediately.
A lost CHAPS or FIS partnership would cripple its cross-border platform within months.

What makes Modulr unique

Modulr is the only non-bank PSP with direct CHAPS, Bacs, and Faster Payments access.
Its 2026 MCP connector embeds AI coding tools directly into Modulr's API.
FCA and DNB regulation plus 200m annualised transactions underpin trust with 6,000 businesses.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Share Options Incentive Scheme
Company Bonus
Flexible benefits
33 days holiday (including bank holidays) + your birthday off
Learning Opportunities
Enhanced Pension

Growth & Insights and Company News

Headcount

6 month growth

1 year growth

2 year growth

-1%

FinTech Futures

Sep 25th, 2026

Modulr boosts US expansion with Cogent Bank partnership.

Modulr boosts US expansion with Cogent Bank partnership. The paytech debuted in the US through a partnership with FIS back in January. September 25, 2026 UK-based embedded payments provider Modulr has partnered with Florida-headquartered Cogent Bank as it ramps up its US expansion. Founded in 2015, Modulr consolidates and automates payment and reconciliation workflows for more than 6,000 businesses, processing over 200 million transactions and over £180 billion in payment value on an annualised basis. Having initially focused on the UK and European markets, in January, the paytech debuted in the US through a partnership with FIS. At the time, Modulr stated it would provide the financial technology company with "critical technology" for FIS' Money Movement Hub. Partnering with Cogent Bank, Modulr will provide the bank's customers with access to "multiple payment rails through a single streamlined platform tailored to their payments needs", according to a company statement. Modulr continues that its new and existing customers can "open US accounts and make same-day and standard payouts through an integrated platform, with routing automatically optimised for cost and speed". Reflecting on Modulr's US expansion, Myles Stephenson, founder and CEO of Modulr, says: "Working with Cogent gives us nationwide reach from day one, with infrastructure built by our payments experts and supported in the US through our strategic partnership with FIS." Modulr also recently featured in the news when the UK's Financial Conduct Authority (FCA) announced that the paytech had been admitted to the regulator's scale-up unit, where it will benefit from tailored regulatory support when developing new products, responding to policy changes, and managing growth. Reporter, FinTech Futures Francis Bignell is a reporter at FinTech Futures with a keen interest in all things fintech, especially in the Latin America region. Writing in the industry for four years, he has moderated webinars and podcasts as well as interviewed executives from a wide range of sectors. Sep 25, 2026 Get more out of your news on Google Choose FinTech Futures as a 'Preferred Source' to get quicker access to the fintech news you value.

Modulr Finance

Sep 23rd, 2026

Modulr accelerates US expansion with Cogent Bank partnership.

Modulr accelerates US expansion with Cogent Bank partnership. London, UK and Orlando, Fla.| 23 September 2026: Modulr, the payments automation platform built to scale, today announced further expansion in the United States through a strategic partnership with Cogent Bank. The partnership combines Modulr's payments automation platform with Cogent Bank's deep experience as a U.S. state-chartered, full-service community bank, giving businesses moving money in the U.S. access to multiple payment rails through a single streamlined platform tailored to their payments needs. It builds on Modulr's initial launch into the U.S. earlier this year, after it was selected by global financial technology leader FIS to provide next-generation payments technology to U.S. financial institutions. New market, same strong expertise The U.S. is one of the world's largest payments landscapes, with its B2B payments market alone valued at more than $460bn in 2025 and forecast to roughly double over the coming decade. Real-time payments are also reshaping how U.S. businesses move money according to latest data from U.S. payments networks: FedNow processed $853bn in 2025, a near-24x increase from 2024, while The Clearing House's real time payments (RTP) processed over $1.3 trillion in the same year. However, businesses in the U.S. today face the same challenges that Modulr set out to solve in the UK and Europe when it launched a decade ago, including a slow and fragmented payments ecosystem, operationally complex integrations, and a high-friction onboarding process. Modulr has deep experience building real-time payments infrastructure, supported by strong compliance and operational foundations, focused on removing this complexity - and can now roll this out in partnership with Cogent Bank. A bank built to scale with Modulr Modulr selected Cogent Bank as its U.S. partner based on its high growth as well as its investment in modern banking infrastructure. Since its founding in 2018, Cogent has grown from $85 million to more than $2.5 billion in assets, a 30x increase. Cogent's core infrastructure integrates directly with FIS's Money Movement Hub, giving Modulr customers access to a broad range of expanding payment features, such as the Automated Clearing House (ACH), RTP, and FedNow networks through a single, streamlined platform. Existing and new Modulr customers can open U.S. accounts and make same-day and standard pay-outs through an integrated platform, with routing automatically optimized for cost and speed. It is built for current Modulr customers scaling into the U.S., giving them one platform on both sides of the Atlantic, as well as U.S.-native platforms processing high volumes of payments in verticals like lending, earned wage access and payroll. "There has been a growing appetite from existing and prospect customers for us to provide our payments automation services in the U.S.," commented Myles Stephenson, Founder & CEO, Modulr, "and this, alongside the large gap in the U.S. market for automated, simplified payments, means we are well positioned for this next stage of growth through our partnership with Cogent Bank. Working with Cogent gives us nationwide reach from day one, with infrastructure built by our payments experts and supported in the U.S. through our strategic partnership with FIS." "We will begin piloting our U.S. platform with several key customers in earned wage access, lending and merchant services and will shortly expand into payroll, giving businesses the confidence, coverage and tools they need to scale across the U.S." "Our partnership with Modulr reflects our commitment to delivering innovative payment solutions that help businesses scale with confidence," said Barbara Negron, SVP, Managing Director, Embedded Finance & Partnerships at Cogent Bank. "By combining our modern banking infrastructure with Modulr's payments automation platform, we're making it easier for businesses to move money quickly, securely and efficiently." About Modulr. Modulr is the payments automation platform built to scale, driving the future of finance operations by streamlining money movement with accuracy, control, and reliability. Through a single platform, Modulr automates how money moves into and out of a business - including payroll, supplier payments, spend management, and payment collection - which in turn removes manual work, lowers operational costs, and reduces errors. Backed by deep industry expertise, Modulr brings over a decade of experience as a regulated payments provider, delivering the reliability required to run mission-critical finance operations at scale. Processing more than 200m transactions and over £180bn in payment value on an annualised basis, Modulr is trusted by over 6,000 businesses - from fast-growing SMEs to global enterprises - including through a partnership with global financial technology leader FIS. Modulr is authorised and regulated as an electronic money institution (EMI) in the UK by the Financial Conduct Authority (FCA) and in Europe by De Nederlandsche Bank (DNB). About Cogent Bank. Cogent Bank is a state-chartered bank that has operated as a full-service business and personal bank since it was founded in 2018. With over $1 billion in total assets Cogent offers multiple banking centers in North, Central and Southwest Florida. Cogent offers a broad range of lending, depository, treasury management and mobile banking services designed to meet the complex and diverse needs of its clients while staying focused on the local communities it serves. Cogent believes banking is personal and requires high-touch, innovative services designed to make managing financial transactions easier. Cogent pairs its financial expertise with a passion for learning more about its clients' goals and objectives. To learn more, visit www.cogentbank.net.

FinTech Scotland

Aug 26th, 2026

Modulr becomes the only non-bank payment service provider with direct access to all three major UK payment schemes.

Modulr becomes the only non-bank payment service provider with direct access to all three major UK payment schemes. Modulr, the payments automation platform built to scale, has become a direct participant in CHAPS, the UK's same-day high-value payment scheme, settling directly at the Bank of England. Modulr is one of the 260+ fintechs in the FinTech Scotland community. CHAPS is a critical part of the UK's payments infrastructure, enabling high-value, time-critical payments. In 2025 the system settled £93.9tn across a record 53.3mn payments, an average of £371.3bn every working day, according to the Bank of England. As demand and transaction volumes grow, settling CHAPS payments directly at the Bank of England gives Modulr greater control over its payment flows and a more efficient service for customers. This development also means Modulr is the only non-bank payment service provider (NBPSP) with direct access to all three of the UK's major payment schemes: Faster Payments, Bacs, and CHAPS. Myles Stephenson, Founder & CEO, Modulr, said: "Becoming a direct participant in CHAPS is a landmark moment for Modulr; we are now the only non-bank payment service provider in the UK connected directly to all three major UK payment schemes, which uniquely positions us in the market to provide a resilient payments automation platform that scales with our customers". Modulr has also just been named one of the world's top fintech companies for 2026 by CNBC and Statista, a prestigious recognition that reflects the company's growing impact and reputation on a global scale. Modulr's achievement is a testament to the ambition and capability within Scotland's fintech community.

Modulr Finance

Jul 16th, 2026

Modulr makes key leadership appointments to support European growth.

Modulr makes key leadership appointments to support European growth. Amsterdam, Netherlands | 16 July 2026: Modulr, the payments automation platform built to scale, today announces two senior appointments with a focus on growth in Europe. Modulr Group's current Director of Strategy, Jakub Zmuda, will take up the position of Managing Director in Europe and Chair of Management Board of Modulr Finance B.V., Modulr's European subsidiary. Jakub Zmuda has more than 15 years' experience in the payments industry and became a founding member of Modulr in 2016 as Chief Product Officer. Since then, he has focused on strategic growth, including new market entry and expansion. As Managing Director for Europe, he will drive Modulr's regional growth backed by continued investment in local talent and a platform that scales with its growing customer base. This new position builds on the recent appointment of payments industry veteran Mark Buitenhek, who joined Modulr as Independent Chair of the Supervisory Board of Modulr Finance B.V. Mark Buitenhek brings more than 25 years of experience in payments. At ING, he held global leadership roles across payments and cash management as well as transaction services. He has served on the Boards of the European Payments Council, Mastercard Europe, Payconiq, and SWIFT. As independent Chair, he brings deep strategic and governance expertise to Modulr, supporting the company's next phase of growth in Europe. Commenting on Modulr's European growth, Myles Stephenson, Founder & CEO, Modulr said: "Following a strong financial period for Modulr, including reaching profitability last year and launching in the US earlier this year, our sights are set on further growth and building a platform that scales across Europe. These appointments strengthen our leadership and governance in Europe as we continue our growth in the region". About Modulr. Modulr is the payments automation platform built to scale, driving the future of finance operations by streamlining money movement with accuracy, control, and reliability. Through a single platform, Modulr automates how money moves into and out of a business - including payroll, supplier payments, spend management, and payment collection - which in turn removes manual work, lowers operational costs, and reduces errors. Backed by deep industry expertise, Modulr brings over a decade of experience as a regulated payments provider, delivering the reliability required to run mission-critical finance operations at scale. Processing more than 200m transactions and over £180bn in payment value on an annualised basis, Modulr is trusted by over 6,000 businesses, from fast-growing SMEs to global enterprises, including through a partnership with global financial technology leader FIS. As founding shareholders of the UK Payments Initiative (UKPI), Modulr provides direct access to commercial Variable Recurring Payments. Modulr is authorised and regulated as an electronic money institution (EMI) in the UK by the Financial Conduct Authority (FCA) and in Europe by De Nederlandsche Bank (DNB).

Financial IT

Jun 19th, 2026

A new way to get paid: Modulr adds cVRP to its Collections Hub.

A new way to get paid: Modulr adds cVRP to its Collections Hub. * Payments * 19.06.2026 02:18 pm Modulr, the payments automation platform built to scale, today announced the launch of commercial Variable Recurring Payments (cVRP), designed to offer a flexible, faster alternative to traditional payments for businesses collecting large volumes. This announcement follows the rollout of the scheme by the UK Payments Initiative (UKPI). Modulr has helped shape the scheme from the outset as a UKPI founding shareholder and is delivering cVRP to customers as part of its Collections Hub, which offers unified access to multiple payment methods on one automated platform. Faster, more reliable collections at scale There are currently persistent challenges for businesses that collect recurring payments. Direct Debit failures have been increasing for five consecutive years and are currently sitting at 9% higher year-on-year in 2026 than 2025, representing significant costs for UK businesses. Modulr's customers are already using Variable Recurring Payments to automate and scale collections to their customer accounts. These include lenders, such as Oakbrook, who are providing borrowers greater flexibility, visibility, and control, and earned wage access businesses, which are enabling employees to easily manage and repay wage advances. cVRP now expands the use cases that can benefit from Open Banking, enabling businesses to collect varying amounts from a customer's account each month with just one initial, authorised sign-off, removing the need to ask permission each time. Every payment settles via Faster Payments, giving real-time confirmation. Modulr brings cVRP to market through its Collections Hub, combining Direct Debit and Open Banking payments on a single platform built to scale with its 6,000+ customers. The Collections Hub is designed to respond to customers' collections needs, with customers saying the Hub's services add "resilience and reliability" to their processes. Melek Pirgon, Chief Product Officer at Modulr, commented: "Businesses running high-volume collections shouldn't have to choose between reliability and flexibility. cVRP gives them both. As a founding member of UKPI, we're now delivering cVRP to customers as part of our Collections Hub, providing a scalable alternative to traditional payments." Richard Koch, Managing Director, UK Payments Initiative, added: "The launch of UKPI is a significant step in building a more modern and flexible payments ecosystem that gives businesses and consumers real choice. With Modulr bringing deep expertise in powering and scaling payment flows, we are strengthening the foundations needed to make open banking payments widely accessible, reliable and ready for everyday use."

Modulr

Financial Crime Analyst - Transaction Monitoring

About the job