Mlro/compliance Officer - London, United Kingdom - Opticash

Description

MLRO/Compliance Officer

Job Title:
MLRO/Compliance Officer


Company:
Optiswift Technologies Ltd.


Location:
Remote (GMT/UTC)


Employment Type:
Full-Time


About Opticash:

Optiswift Technologies ltd. (Trading as, Opticash) is an innovative fintech start-up dedicated to transforming the financial landscape of cross-border payments. Leveraging cutting-edge technology, we empower individuals and businesses in their financial endeavours. Join our team of forward-thinkers and contribute to shaping the future of fintech.


Job Summary:

We are seeking a seasoned MLRO/Compliance Officer for immediate employment.

This position is not just a job but a career trajectory with tremendous growth potential, as you'll be the vanguard of our Compliance and Financial Crime division, ensuring the seamless integration of remittance transactions within our suite of offerings.

Key Responsibilities:

• Develop and enforce a comprehensive framework for Risk, Compliance, and Financial Crime applicable throughout the company.
• Conduct risk assessments for new products and services, ensuring alignment with industry standards and regulatory requirements.
• Manage the preparation and submission of compliance reports and documentation to regulatory bodies.
• Serve as the primary liaison with the Financial Conduct Authority (FCA) and other regulatory bodies.
• Perform regular compliance monitoring and execute thematic reviews to ensure adherence to all regulations.
• Evaluate the influence of new regulations on company operations and provide guidance on compliance.
• Facilitate KYC/CDD/KYB processes and client onboarding to maintain high compliance standards.
• Oversee the revision of all company procedures and policies to maintain GDPR compliance.
• Design and implement a compliance training program for staff, focusing on regulatory requirements, ethical conduct, and compliance procedures.
• Regularly report to senior management on compliance matters, providing strategic insights and updates on initiatives, issues, and audits.
• Utilise advanced compliance software and technology to enhance monitoring of transactions and identification of suspicious activities.
• Establish and uphold consumer protection procedures, ensuring all customer complaints are handled in line with legal and regulatory standards.
• Develop and execute a response plan for potential compliance breaches or financial crimes incidents.

Job Requirements:

• Relevant professional qualifications, such as ICA or CAMS.
• Extensive experience in an FCA regulated firm and a fintech environment.
• Proven experience in MLRO roles, including experience as a compliance officer.
• Demonstrated success in stakeholder management, both within the organization and with external partners such as regulators.
• Capability to operate effectively in a fastpaced setting, meeting critical deadlines.
• Autonomy in work ethic with a proven record of taking initiative and ownership of responsibilities.
• An innovative mindset that thrives without excessive bureaucracy; uses data and logical reasoning to inform decisions.
• Exceptional critical thinking skills, with the capacity to analyse complex data, draw meaningful conclusions, and solve problems effectively.
• Excellent communication skills, with the ability to breakdown complex concepts into simple terms and negotiate and persuade a wide range of stakeholders.
• Indepth knowledge of regulations like PSD2, MiFID II, and GDPR, especially in relation to fintech.
• Proficiency in using compliance software and data analysis tools.
• Experience with international compliance, particularly if the company is involved in global operations or crossborder transactions.
• Ability to formulate and execute risk management strategies that align with the company's risk profile and business objectives.