Head of Compliance

7 days ago

London, United Kingdom Fintellect Recruitment Full time

Our Client

They have a huge level of funding which makes this opportunity so exciting. More than many of the well known fintechs had at the same stage.

The role of Head of Compliance

This brand new role as Head of Compliance will see you join a close-knit, dynamic and experienced team and manage the compliance framework for the business.

You should be an experienced compliance professional with a background in the UK lending market - ideally consumer lending or a similar financial product.

You'll devise all policy and procedure for the business, advise and guide senior management on compliance issues and be the liaison for external regulatory bodies / auditors.

Duties & Responsibilities of The Head of Compliance
- Develop and maintain regulatory compliance policies and procedures including KYC, AML and sanctions screening
- Identify, assess, and manage compliance risks across business activities in the UK
- Develop and maintain appropriate control measures to monitor KYC, AML, complaint handling, safeguarding and sanctions
- Ensure compliance to all card scheme and lending rules and regulations
- Maintain current and extensive knowledge of the relevant laws and regulatory guidelines in the UK and beyond
- Train staff on new regulatory developments and report on any regulatory changes ensuring compliance policy is updated in relation to this
- Support compliance testing, internal or external audits and regulatory exams and inquiries
- Undertake risk assessment and risk management and determine the ML/FT risks to which the applicant for business exposes
- Implement suitable compliance controls to new business initiatives and new products
- Manage effective due diligence and monitoring program to third parties and vendors

Skills of The Head of Compliance

It's important that you've held a similar compliance role within a similar type of organisation (financial services consumer/ sme lending), with a solid understanding of all applicable FCA rules and regulations.

You should have the relevant knowledge, qualifications and experience in order to be approved by the FCA Senior Managers and Certification Regimes (SM&CR).
- Work experience required within an acquirer, payment services provider, financial institution, bank, fin-tech or other financial regulatory business
- Relevant professional development compliance qualifications from ICA, CISI or other professional development body
- Strong understanding of lending
- Proven management experience in Compliance and/or MLRO
- Profound knowledge of the applicable contemporary practices in the field of Compliance, including but not limited to understanding of regulatory matters regarding CONC, MiFID II, AML, GDPR, local and regional regulations. Sound knowledge of local and Europeanbanking legislation (including Banking Rules and CRDIV)
- Experience building AML/KYC programmes
- Experience as MLRO for regulated entity
- Strong attention to detail
- Strong interpersonal, presentation and organization skills
- Demonstrated skills in risk assessment
- Able to execute responsibilities with mínimal supervision; ability to prioritize multiple tasks and bring tasks to completion within established timeframes
- Clear and concise verbal and written communication
- Working knowledge of key regulatory /consumer bodies including: FCA, MasterCard and Visa.
- Excellent communication skills with the ability to explain complex requirements

There is no equity on offer with this position.

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