The Head of Compliance will oversee and manage the UK compliance function, ensuring adherence to FCA regulations and other applicable laws. This role is critical in safeguarding the Company's reputation and operational integrity, providing strategic leadership on compliance matters, and fostering a culture of ethical business practices.
Responsibilities:
Liaise and report to the relevant regulatory bodies as required by the applicable regulations
Act as an adviser to the Company’s Board of Directors and Senior Management on general compliance issues
Maintain an up-to-date understanding of relevant aspects of prevailing business practices in the Company and the application of regulation to its business
Ensure local operation/administration procedures comply with relevant regulations and that this is adequately documented
Ensure staff are trained in local regulatory requirements and receive induction training, and that all staff required to comply with the relevant regulator’s training and competence regime do so
Advise staff on regulatory issues as and when required
Conduct and record regular monitoring to ensure that business and transactions of the Company are conducted in compliance with in-house rules and regulations, ensuring that client due diligence complaint procedures are adequate
Ensure any issues arising are satisfactorily addressed and resolved
Investigate issues of concern in relation to compliance as and when required
Assess the Company’s status of compliance and report periodically to senior management and the Board of Directors, keeping them informed of all relevant matters
Design and review the Company’s internal policies and procedures related to compliance matters and controls relevant to the prevention of money laundering and terrorist financing
Monitor and assess the correct and effective implementation of the policies in relation to the prevention of money laundering and terrorist financing, implementation of the risk management and procedures manual, and apply monitoring mechanisms in order to assess the level of compliance of the departments and employees of the Company
Give guidance for corrective measures where necessary and inform the Board of Directors if needed
Detect, record, and evaluate, at least on an annual basis, all risks arising from existing and new customers, new financial instruments and services, and update and amend the systems and procedures applied by the Company
Assist with internal and external audit
Provide support with regard to CASS oversight and control Requirements:
Experience in a similar compliance role within the financial services industry, preferably within a FinTech environment
In-depth knowledge of FCA regulations and UK financial services laws
Proven experience in developing and implementing compliance programs and policies
Strong analytical and problem-solving skills with the ability to assess complex compliance issues and develop effective solutions
Excellent communication and interpersonal skills, with the ability to influence and build relationships at all levels
High ethical standards and a commitment to integrity and professionalism
Demonstrated leadership and team management abilities Would be a plus:
Bachelor’s degree in Law, Finance, Business Administration, or a related field
A Master’s degree or professional certification is a plus
Previously held SMF16/SMF17 role What you will get in return:
Medical Insurance Coverage
Provident Fund
Hybrid type of work with flexible working hours
Modern and outstanding equipment
Full annual performance assessment
Employee referral program
Workation policy
The opportunity to work with one of the smartest teams on the market.
