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, 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 are creating a new role to centralise 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 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 controls 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 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 demonstrate a best-in-class approach to safeguarding.
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 or 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 degree or equivalent
We will consider exceptional candidates with experience, skills and/or qualifications which 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 analyse 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 organisation.
- Highly analytical - keen to challenge and understand root causes;
- Strong communication (oral and written)
- Ability to handle and analyse data;
- Organised, 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.
- 25 days Holiday per year (increasing by 1 day per years' service, up to 30 days) + Bank Holidays
- Hybrid working arrangements – minimum 2 days in the office, Tuesday - Thursday
- Contributory pension scheme
- Enhanced Parental leave
- Cycle to Work Scheme
- Private Medical Insurance with AXA
- Unlimited access to therapy sessions through our partner, Oliva
- Discounted Gym membership through Gympass
- Financial Coaching with Octopus Wealth
- 2 days of volunteering leave per year
- Sabbatical after 5 years’ service
- Life Assurance - MetLife (UK employees only)
- Ongoing Learning and Development to support you reach your career goals
We are Vitesse – the payment provider of choice for the insurance and treasury industry.
Formed in 2014 by a team of proven FinTech entrepreneurs, we are an FCA regulated payments business that is driven to be the payment partner of choice for the insurance market, by providing global payment services and treasury optimisation. Operating one of the largest domestic banking and payment settlement networks in the world, we give our customers direct access to more than 170 countries and territories, covering over 110 currencies. Through a single integration, insurers can use this network to pay claims in as fast as 45 seconds, delivering a better customer experience to their claimants. Our market-leading treasury optimisation service brings complete control and transparency to insurers and allows them to have their money in the right place, at the right time, to make that all important payment - fast, and when their customers need it most.
With now over 160 employees across Europe and our London headquarters, $26m series B funding in 2022 in the bag and approaching £8bn in processed transactions, we are only just getting started.
We are collaborative, 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?
Vitesse at our best – our values
The Vitesse values are a true reflection of what it takes to thrive in our business, so it’s important to us that any employee who joins our business is aligned with these 3 attributes
Confident Humility
We don’t do ego and we know that unless we all win, none of us win. We admit when we’re wrong, ask for help and always think about the wider business before ourselves.
Driven to Succeed
We see the opportunity ahead of us and we won’t stop until we fulfil the potential we know we have. We hold ourselves to high standards and deliver high quality outcomes for Vitesse and our customers.
Tenacious Responsibility
We take ownership for our actions and decisions, and face into the challenges that come our way. We are committed to seeing things through to completion, even in the face of adversity.
We are an Equal Opportunity Employer We are committed to creating an inclusive environment that enables everyone to perform at their best, where we recognise the rights of all individuals to mutual respect and where there is an unbiased acceptance of others. Our policies and practices aim to promote an environment that is free from all forms of Unfair discrimination and values the diversity of all people. At the heart of our policy, we seek to treat people fairly and with dignity and respect.
