Head of Compliance - London, United Kingdom - Saible

Description

Head of Compliance & Money Laundering Reporting Officer - Birmingham or London, UK (hybrid)

Salary: up to £80,000 + benefits

Company Overview
Saible is transforming the way payments are made in the construction industry, addressing the insolvency and mental health crises in the sector.
We are on the journey to becoming an FCA regulated Authorised Payment Institution.
We are seeking a highly skilled and motivated person to join our team as the Head of Compliance & MLRO (full time or part time).

Salary & Benefits

• £80k salary
• Share options
• Health Insurance
• Pension
• Hybrid working
• Laptop and home office equipment
• 33 days holiday (including Bank Holidays)
• Cycle to work, hardware purchase, gym membership schemes

Job Summary - Head of Compliance & Money Laundering Reporting Officer
You will play a crucial role in ensuring Saible achieves FCA regulated status, adheres to regulatory standards, and keeps regulatory compliance at the centre of our culture. You are a strategic thinker with a deep understanding of UK financial regulations, particularly in the fintech sector. You will act as the Money Laundering Reporting Officer, overseeing and enhancing the company's anti-money laundering (AML) and counter-terrorist financing (CTF) framework. As an early team member in a startup, you're ambitious, flexible, self-starting, and collaborative.

Responsibilities

1. Regulatory Compliance
   - We are already developing and implementing a comprehensive compliance program to ensure adherence to relevant UK financial regulations and industry best practices. You will own, maintain, and develop this program.
   - Stay abreast of regulatory developments and updates, providing guidance to the leadership team on the potential impact on the business.
2. AML/CTF Oversight
   - Act as the primary point of contact and expert for all AML and CTF matters within the organisation.
   - Help design and implement effective AML/CTF policies, procedures, and controls, ensuring they align with regulatory requirements and industry standards.
   - Conduct regular risk assessments to identify and mitigate potential AML/CTF risks associated with the company's products and services.
3. Reporting and Documentation & MLRO
   - Prepare and submit timely and accurate reports to regulatory authorities, serving as the MLRO for the company.
   - Maintain comprehensive documentation of all compliance-related activities and serve as a point of contact for external audits.
4. Training and Awareness
   - Develop and deliver training programs to ensure all employees are well-informed about compliance requirements and their role in maintaining a compliant environment.
5. Monitoring and Investigations
   - Establish and execute a robust monitoring program to detect and investigate potential instances of non-compliance i.e Suspicious Activity reports.
   - Coordinate the team to address and rectify compliance issues promptly.
6. Collaboration
   - Collaborate with cross-functional teams, including legal, risk management, and technology, to ensure a holistic and integrated approach to compliance.

Qualifications and Experience

• Proven experience in a mid-level or senior compliance role (SMF16/17 or PSD function) within the UK financial services sector, preferably in fintech and/or payment services.
• Experience in corresponding directly with the FCA
• In-depth knowledge of UK financial regulations specifically in Payment Services.
• Strong understanding of technology-driven financial services and the associated compliance challenges.
• Professional certification in compliance, AML, or a related field is highly desirable.

Saible is an equal opportunity employer. We encourage applicants from all backgrounds and experiences to apply.

UK BASED APPLICANTS ONLY PLEASE
NO RECRUITERS THANK YOU