Head of Compliance, Uk - Manchester, United Kingdom - Raisin GmbH

Raisin GmbH
Raisin GmbH
Verified Company
Manchester, United Kingdom

1 month ago

Tom O´Connor

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Tom O´Connor

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Description

Team:

As our Head of Compliance in the UK, you'll be a senior leader responsible for our UK business.

You'll lead our independent compliance function in the UK and will work closely with the UK executive team, acting as the first point of contact for UK compliance and risk topics and acting as the lynchpin in our "second line of defence" for the business.


You'll be supported by and report into our centralised compliance function based in Europe but, as a Senior Manager under the UK's regulatory regime, will be expected to ensure that the UK operation meets its obligations to regulators, partners, and customers.

You'll have a critical responsibility for supporting our UK leadership team in their business and strategic goals.


You'll be an experienced (10 years plus) Compliance professional with a background experience in financial services or an allied industry, now looking to make a move into the FinTech world and join a thriving business which has ambitious growth plans in the next 3-5 years.

You're a future industry leader with the ability to communicate clearly and confidently; able to persuade, support and advise all levels both internally and externally.


Your Responsibilities:


  • Regulatory Compliance: working with our General Counsel and keeping abreast of evolving regulatory requirements in the UK, especially those relevant to fintech and banking. This could involve interpreting and implementing new regulations, ensuring that the company's processes and policies are in compliance, and liaising with regulatory bodies as needed.
  • Ownership of Compliance policies and procedures in line with regulatory requirements.
  • Responsible for the firms compliance with regulatory requirements, including the Consumer Duty.
  • Ownership of the firm's Compliance Monitoring Plan ensuring it remains up to date and providing appropriate oversight and monitoring on all relevant activities eg. Financial Promotions, Complaints etc.
  • Responsible for the timely and accurate submissions of all Raisin UK's regulatory reporting including to the FCA, FSCS and other regulators as needed.
  • Leading the Firm's second line of defence and providing compliance guidance, advice and oversight to the business.
  • Responsible for setting a strong culture of compliance in the firm including owning the delivery of annual compliance training by all relevant staff.
  • Responding to and engaging with all the Firm's external partners as needed on compliance topics including Deposit Taking Banks and the Service Bank.
  • Risk Management: plays a critical role in identifying, assessing, and mitigating compliance risks. This could include developing risk management strategies and reporting on risk assessments. Acts as Chair of the Firm's UK risk committee and owns their risk management framework.
  • Compliance leadership: promoting a culture of compliance within the organization. This could involve regular updates and training sessions for staff on compliance matters and ethical conduct.
  • Compliance Audits and Inspections: conducting or overseeing regular compliance audits and inspections, ensuring that any deficiencies are addressed promptly.
  • Incident Response and Reporting: following processes for responding to compliancerelated incidents, including investigation, reporting, and resolution, in collaboration with legal or other relevant departments.
  • Support of the UK team on daytoday basis, working closely with CEO, Chief of Staff and General Counsel.

Your Profile:


  • Background in regulation, risk management and/or compliance in financial services with experience of 10+ years either as an FCAendorsed Senior Manager or relevant deputy. Experience working for regulated financial services businesses or in regulatory role is a must. Retail banking, investment or pensions all considered highly desirable.
  • Degreelevel education in the above mentioned fields, or relevant industry experience. (Master's not necessary but desirable).
  • Experience in Fincrime/AML/KYC essential.
  • Able to deliver highquality insight and reporting in slides, word document or table formats without too much additional training. Ability to provide both quantitative and qualitative analysis is critical. Experience of key tooling used in Fintech (or ability to get up to speed) with e.g. Looker/Tableau, Jira, Confluence, GRC tooling and CRM tooling such as Zendesk considered a big plus.
  • Able to support team working in Manchester, UK remote working within UK can be accommodated however you'd be expected to be in the office at least once a week (typically Wednesdays).
  • Fluency in English (written/spoken), other relevant languages are welcome.

Join our mission, join our team - and grow with us:

At Raisin, we care about each other and it is one of our top priorities to foster an open and caring environment in which everyone feels welcome and comfortable.

Our culture is strongly driven by our ambitious team, who are at the heart o
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