Head of Compliance

Salary: £90k - £120k Location: West London

Our client are a Fintech start up looking to expand their UK business. Reporting to the Board, this Head of Compliance and MLRO will be responsible for leading the compliance department and be registered with the FCA. You will have prepaid or payments experience, solid knowledge of PSD2 with commercial experience working in a similar role.

 Responsibilities:

  • Be the expert within the company on all compliance and financial crime matters
  • To be responsible for the implementation of compliance and risk policies into practical procedures – specifically those relating to AML, Data Protection and Compliance
  • Assistance with an overall authorisation plan for the acquiring PSD2 license
  • Devise and create an annual compliance monitoring plan
  • To alert the business to emerging risks, and potential areas of non-compliance within the company and advise on appropriate actions
  • Have an oversight of external compliance reporting
  • Investigate breaches of regulation and alert the team of any related issues
  • Assess, develop and maintain the company’s procedures regarding KYC
  • Routinely review internal processes to ensure financial crime is managed effectively
  • Oversee internal suspicious activity and fraud reporting
  • Assess the money laundering and compliance risks of any new products and services
  • Regularly review and update the company’s compliance policies

Requirements:

  • Proven ability to be registered with the FCA and a Control Function
  • Have extensive experience of leading a compliance and anti-money laundering function
  • Ability to lead colleagues effectively and eventually grow a compliance team.
  • To have a good understanding of PSD2
  • Possess excellent written and verbal communication skills;
  • Have excellent stakeholder management skills
  • A very strong work ethic and a focus on treating customers fairly

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