Risk & Reporting Analyst

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

Do you want to keep learning and developing whilst getting hands-on experience working in the embedded payments space?

Do you want to have the opportunity to high-growth environment with a fast-paced and collaborative culture where you will work with some fantastic clients and partners?

If so, we would love to hear from you!

We are looking for ambitious, value‑adding talent to join Modulr — one of the fastest‑growing payments businesses in the UK and Europe — to help drive Change and Automation across our Operations function. This role will lead process improvement, operational change and automation initiatives that enhance our operational process’s while delivering greater efficiency and consistently high service standards. We are looking for a Mumbai based candidate to leverage our “Office First” strategy but the wider team is based across various locations and will support both our UK and European entities. 

About us    

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses, from SMEs to Enterprise, initially 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 have two routes to the market. Our Core Business Payments product allows customers in any sector to connect to us and our expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS to automate payments. Our Vertical Solutions targets a growing range of industry verticals which directly connect their IT platforms to our APIs and webhooks. 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. Across the UK and Europe our payment network connectivity includes FPS, BACS, CHAPS, Open Banking, SEPA, SWIFT and account issuance in multiple currencies. Modulr holds settlement accounts at the Bank of England. We are principal issuing members of Visa and Mastercard schemes across UK and Europe.   Our regulatory permissions and governance structure are the foundations of our business. We are regulated and supervised as an Authorized Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.   Modulr now has over 400 employees across London, Edinburgh, Amsterdam, Mumbai and the US.    

Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr now has over 450 employees spread globally across offices in London, Edinburgh, Amsterdam, Mumbai and Pune.     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.     

Key Responsibilities    

Risk Management Support  

Support the maintenance and updating of the Enterprise ‑ Wide Risk Assessment (EWRA) and the entity ‑ specific UK risk register, ensuring information is accurate, up to date and clearly documented  

Assist with the coordination of bi ‑ monthly risk reviews, including preparing materials, tracking actions and supporting escalation through agreed governance forums  

Help ensure consistency between risk assessments, issues logs and management information used for reporting   

Assurance & Issues Management Support  

Support the delivery of the second line assurance plan by assisting with desk ‑ based reviews, evidence gathering, sampling and documentation  

Track assurance findings and related actions, maintaining clear records and following up with stakeholders to support timely completion  

Assist with maintaining issues management logs, ensuring progress updates are captured and reported accurately   

Regulatory Reporting & Monitoring  

Assist in the preparation and submission of regulatory reports, ensuring inputs are complete, accurate and submitted within required timelines  

Support responses to regulatory information requests by coordinating inputs and materials for review  

Monitor regulatory updates and help summarise key developments and potential impacts for the business   

Governance & Management Information  

Support the preparation of risk and compliance MI, ensuring data is accurate, consistent and clearly presented  

Assist with the preparation of papers, packs and action logs for risk committees, Financial Crime Oversight Committee and Audit & Risk Committee  

Maintain clear records of governance discussions, decisions and actions to support effective follow-up and audit trails   

Policy & Framework Administration  

Support the maintenance of the policy library, including tracking review dates, updates and approvals  

Assist in checking that policies and controls are reflected consistently across risk assessments, assurance activity and reporting   

Stakeholder Collaboration & Development  

Work closely with colleagues across the business to gather information, provide support and help embed risk and compliance processes  

Collaborate with Group and regional Risk & Compliance colleagues to support consistency and shared ways of working  

Develop knowledge of the regulatory environment, risk management frameworks and the three lines of defence through hands-on experience and coaching  

Skills and Experience    

An interest in risk management, compliance, regulation or governance, ideally within a regulated or operational environment  

Strong attention to detail, with the ability to maintain accurate records, track actions and manage information across multiple workstreams  

Good written and verbal communication skills, with the ability to present information clearly and concisely  

Ability to organise and prioritise tasks, managing competing deadlines with appropriate support  

Confidence working with data, documents and reporting outputs, including management information (MI) and governance materials  

A collaborative mindset, with the ability to work effectively with colleagues across different teams and levels of seniority  

A proactive approach to learning, with willingness to ask questions, seek feedback and build knowledge over time  

Some exposure to risk, compliance, audit, legal, financial crime or regulatory environments, either through previous roles, internships or academic study  

Awareness of the three lines of defence model or basic risk management concepts   

About You    

Comfortable working across multiple onboarding streams and adapting to changing priorities.    

Detail-oriented, structured, and proactive in identifying improvements.    

Passionate about using data to drive operational excellence and compliance.     

ModInclusion    

At Modulr, we are working hard to build a more positive, diverse and inclusive culture that helps everyone to feel 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 attract future talent. As part of our approach, we actively welcome applications from candidates with diverse backgrounds.