Compliance and Risk Management Specialist

4 weeks ago


Peterborough, Peterborough, United Kingdom Travelex Full time

Job Title: Compliance and Risk Management Specialist

Job Summary:

We are seeking an experienced Compliance and Risk Management Specialist to join our team at Travelex. As a key member of our Compliance and Risk department, you will be responsible for providing regulatory and compliance support to our business, ensuring that our products and services comply with relevant laws and regulations.

Key Responsibilities:

  • Ensure existing product compliance and drive 'compliance by design' including regulatory engagement and reporting activity, research and advisory work, and oversight and management of operational compliance and risk controls.
  • Work with other Compliance and Risk colleagues, together with other business and functional stakeholders, to foster a cross-departmental approach to Compliance and Risk Management.
  • Manage product and marketing requests for approval of regulated products, and ensure internal reporting is functioning and operational within relevant areas.
  • Ensure existing and future products, services, and processes comply with card scheme requirements, including Mastercard and Visa.
  • Support the Card Operations team with escalated queries relating to card scheme rules, alerts, or submissions.
  • Develop and implement Compliance and Risk controls, and create and maintain internal policies and procedures in line with relevant regulatory requirements.

Requirements:

  • Minimum of 5 years of Compliance and Risk Management experience in Card/Payment Service/E-money/FCA regulated firms or equivalent experience.
  • Previous experience in driving 'compliance by design' across Payment Services and E-Money, particularly Prepaid Card products.
  • Strong understanding of the card payment ecosystem, scheme rules, and key regulatory requirements.
  • Understanding of AML CTF controls and risks, including licencing and model risk and impact assessments.
  • Motivated, self-starter with proven experience of working Agile.

About Travelex:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.



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