We are excited to be working with an exciting fast-growing Fintech within the payments space in their search for a Deputy Head of Compliance and MLRO.
They need someone who can work autonomously to help build the frameworks for their second-line compliance function, under the direction of the Head of Compliance & MLRO.
Main Duties
Working closely with other senior leaders, your responsibilities will include:
- Acting on behalf of the Head of Compliance & MLRO when necessary
- Interacting with the CEO, ExCo, and other Department Heads as needed
- Improving compliance & governance frameworks
- Establishing a risk-based compliance monitoring system
- Performing regular financial crime Business Wide Risk Assessments (BWRA)
- Updating Client Risk Assessment matrices regularly
- Compiling the annual MLRO / financial crime report
- Evaluating the impact of regulatory changes, and developing policies and procedures as required
- Creating materials for relevant governance forums like the Risk Committee and Financial Crime Committee
- Ensuring precise responses and reports to the Regulator
- Assisting in managing the performance of the broader compliance and financial crime team
Requirements
Applicants should have the following qualifications and experience:
- Extensive experience in the financial services sector, with a focus on retail banking, deposit-taking, payments, FinTech, or similar areas within financial services
- Previous experience in a senior compliance and AML role or as a Deputy Head of Compliance & DMLRO
- Demonstrated understanding of industry best practices and regulatory frameworks
- Confidence in making decisions and working independently
- Efficiently conducting gap analyses and summarising risk from various sources
- Thorough knowledge of the FCA Rulebook, including Consumer Duty, BCOBs, Payments Regulation
- Essential familiarity with JMLSG and FCA rules regarding AML/CTF
- Relevant industry certifications such as ACAMS/ICA are essential
Job Requirements
As the organisation operates in an FCA-regulated financial environment, they seek individuals who embody:
- Honesty and integrity
- Strong attention to detail
- Excellent organisational skills
- Strong work ethic
- Excellent communication skills
- Ability to work well within a team
Apply now for a chance to be shortlisted!