Head of Compliance/MRLO
3 weeks ago
Company Description
Worldwide Currencies Limited, a leading company in foreign exchange, is quickly expanding into the fintech sector and is seeking an experienced Head of Compliance/MLRO. Our goal is to constantly seek out new products and markets where we can provide added value to our clients in foreign exchange and global payments. As a member of our team, you will play a key role in shaping the way people transfer money. Our use of technology and dedication to client service are what set us apart.
Role Description
This is a full-time role as the Head of Compliance/MRLO at Worldwide Currencies in London, UK with the flexibility of hybrid work. The role involves overseeing and managing all aspects of compliance, risk management, and regulatory obligations.
KEY RESPONSIBILITIES
- Manage the compliance team, including their workload and performance in all aspects of compliance.
- Maintain, develop and implement all aspects of Worldwide Currencies Compliance Policies and Procedures
- Main point of contact and advisory with external regulators and banking partners.
- Analyse and interpret existing and new laws and regulations, monitor changes to business practices, and advise line management of relevant implications.
- Advise the Board of Directors, Senior Management Group and staff of changes or developments in compliance regulations.
- Manage all external FOS complaints.
- Responsible for any suspicious activity reporting.
- Manage and complete annual audits, reviews from banking partners, annual AML audits and then remediate any issues that may come to light.
- Ensure the requirements detailed in the Compliance Policies & Procedures Handbook, the Worldwide Staff Handbook and relevant departmental handbooks are adhered to.
- Maintain a comprehensive compliance monitoring programme to ensure relevant issues are effectively reported both internally and externally.
- Participate in various Executive and non-Executive committees.
- Establish and maintain controls to mitigate risks by working with management to prioritise and document the major risks to the company.
- Undertake monitoring of Front office staff in accordance with the compliance monitoring programme, ensuring that all findings are documented and reported in a timely manner.
WHAT IS REQUIRED
- Proven experience as a Head of Compliance Officer or Deputy MLRO
- Good understanding of the Payments/Fintech Industry
- In-depth knowledge of the UK and European regulations; and experience dealing with the FCA.
- Strong analytical skills with experience in problem solving and being able to implement and deliver solutions
- Ability to identify risks, control gaps, inefficiencies, see the bigger picture, challenge the current status quo and define scalable and sustainable processes and methodology
- Ability to lead end to end process and control improvements cross functionally and across various regions
- Meaningful contribution for successful growth in the compliance department
IN RETURN WE CAN OFFER YOU:
Highly Competitive Salary with Discretionary Bonus
Pension Scheme
Private Health
Hybrid Work
If you're looking to advance your career in the growing Fintech sector, come join Worldwide Currencies and be part of our expansion.
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