Our Sussex based client is looking for an experienced Compliance Manager within the payments industry. You will need to have up to date experience and knowledge of all Risk and Compliance issues, be able to research, analyse and manage solutions, Able to communicate and have excellent influencing and negotiating skills
You must have demonstrable experience in dealing directly with the authorities including FCA, NCA and Visa/MasterCard.
The aim is for the compliance manager to be able to direct, guide and control all activities within the Compliance area. Our client may consider a candidate already working in compliance who could grow into the role.
The ideal candidate will oversee and ensure that all regulatory returns are made on time to the FCA, Visa and MasterCard. as well as ensuring that compliance manuals and processes are reviewed and updated as required.
Other responsibilities will be to review the company’s policies and procedures, policies including Complaint Handling, TCF, Anti Bribery and Corruption, KYC/KYB, AML and any additional MasterCard/Visa governance requirements.
Part of the role will be that of MLRO and the main responsibilities in this capacity will be to keep up to date on all legal & regulatory changes in the payments and financial industry, and to advise the company on how these changes will affect the business.
You will ensure the company remains compliant with laws and regulations, take part in groups and committees to provide Compliance and Risk support, such as Audit or Risk Committees, oversee the company’s Risk Management strategy, develop, and apply compliance and risk strategies.
Other responsibilities will involve taking responsibility for the company’s Compliance Monitoring, the compliance register, FCA audits and all communication with various regulatory bodies. The reviewing of all marketing materials, websites, and service agreements to ensure they meet regulatory requirements and in the training of employees so they understand the regulatory requirements that affect their work, including the company’s Anti-money laundering procedures and awareness.
Lastly you will oversee the company’s risk function, manage all processes and procedures the company implements to combat fraud, authorising the release of all business and customer records as requested by law enforcement agencies and the management of the due diligence process for both potential and existing clients.
Managing and defining the company’s KYC policies and procedures, including identifying 3rd party providers, develop a business-wide awareness of AML/CTF to ensure effective monitoring and reporting in all areas, SARs, and subsequent actions and to produce Management Information Reports in relation to AML/CTF activity