Head of Compliance - Remote, United Kingdom - Currency Solutions

Currency Solutions
Currency Solutions
Verified Company
Remote, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Location:
Lisbon, Portugal (Remote to Hybrid)


Salary:
Market leading rates (Negotiable based on experience)


Reports to:
UK Compliance leaders


About the company:

Currency Solutions is a global payments and risk management company based in central London.

Founded in 2003, we are proud to be one of the UK's leading FX companies, serving over 30,000 clients worldwide.

As part of our expansion plans, we are opening an office in Lisbon, Portugal.


About the role:


The Head of Compliance will be the first hire in Portugal, playing a critical role in ensuring compliance with local regulations and implementing effective financial crime prevention measures.

Initially, this position will involve remote work, but as our business grows in Portugal, it will transition to a hybrid working arrangement.


Key responsibilities:


  • Establish and maintain compliance framework: Develop and implement comprehensive compliance policies, procedures, and controls in accordance with local regulations, international standards, and best practices. Ensure adherence to all relevant regulatory requirements and promote a culture of compliance throughout the organization.
  • Financial crime prevention: Design and oversee an effective antimoney laundering (AML) and counterterrorist financing (CTF) program. Conduct risk assessments, develop monitoring systems, and implement appropriate measures to detect and prevent financial crimes. Stay updated on emerging trends, regulatory changes, and best practices in financial crime prevention.
  • Regulatory compliance: Monitor and ensure compliance with relevant laws, regulations, and guidelines issued by regulatory authorities. Proactively identify compliance gaps, assess risks, and implement corrective actions. Maintain strong relationships with regulators and promptly address any regulatory inquiries or requests.
  • Compliance monitoring and reporting: Establish and maintain robust monitoring and surveillance systems to detect and report any potential compliance breaches, suspicious activities, or unusual patterns. Prepare regular reports for senior management and regulatory authorities, highlighting compliance status, issues, and recommendations for improvement.

Requirements of the Head of Compliance, Portugal:

  • In-depth knowledge of local regulations and financial crime prevention requirements in Portugal.
  • Ability to speak and write fluent English as a prerequisite (given the supporting teams will be based in the UK and all internal systems are English language only).
  • Strong understanding of international compliance standards, such as AML, CTF, and sanctions.
  • Effective communication and interpersonal skills to engage with stakeholders at all levels, including regulators, senior management, and crossfunctional teams.
  • Proven track record of leading compliance initiatives, driving change, and managing regulatory relationships.
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