Global Head of Compliance and MLRO - City of London, Greater London, United Kingdom - Finitas

Description

Job Description

Global Head of Compliance/MLRO - London (hybrid)

About the job Need a new challenge?
Join an exciting new fast-growing fintech startup. We're looking for someone enthusiastic, and passionate to take an important role in compliance across our Group of companies. This role will support the COO/CCO and take ownership for compliance, financial crime, and regulatory reporting and help manage the day-to-day for compliance across the various business lines. About the Group
We are a London head-quartered financial services group with entities in various jurisdictions in Europe, Asia, and the Americas, backed by institutional money and founded by an Oxford-educated ex-banker-trader, along with a group of passionate individuals, each with more than 15 years of experience in investment banking, wealth management, technology integration, brokerage, lending, money remittance, and marketing/user acquisition.

Our vision is to provide private banking services to serve the wealthy middle class across the globe with a focus initially on Chinese expat clients, to make it easier for them to open bank accounts, get access to world-leading financial services, and get access to various investment opportunities including properties and equity markets. Furthermore, we offer business banking services to international corporations and firms in the cryptocurrency industry and help them scale up businesses.

We are targeting a market that is currently under-served by traditional banks. High street banks only serve low-value mass market accounts, and traditional private banks only serve ultra-high-net worth, leaving an empty marketplace for a wealthy middle class whose savings range from a few hundred thousand to a few million.

Responsibilities:

• Key contact in the business for all compliance-related matters and reporting to the COO.
• Manage the day-to-day compliance and financial crime prevention needs for the business - supported by the Operations Team.
• Oversee customer onboarding and due diligence requirements.
• Ownership of all FCA regulatory reporting - scheduled, reviewed, and submitted on time.
• Oversee compliance monitoring activities and policies (planning, reporting, action planning, and record-keeping, fraud reporting, etc).
• Actively ensure the firm adheres to all JMLSG, FSMA, FATF, and FCA regulatory requirements and permissions are correct for all provision of services.
• Generating reports and analyzing our business data to prevent financial crime and enhance transaction monitoring rules and processes.
• Oversight and help develop governance control systems. (Technical and procedural)
• Ensure knowledge and familiarity with the FCA regulatory requirements for the business.
• Support to notify, and work closely with the FCA - ensuring all new services and product features offered are compliant with regulation.
• Oversee KYC processes and transaction monitoring reviews, ensuring thorough customer due diligence and compliance with AML standards.
• Develop and implement compliance policies and procedures, ensuring they align with regulatory changes and are effectively communicated organization wide. (e.g. consumer duty)
• Conduct risk assessments to identify potential compliance risks and advise senior management on strategies for mitigation.
• Collaborate with various departments to integrate compliance considerations into business processes and facilitate communication with senior management.
• Collaborate with our partners and stakeholders to produce and maintain management information and lead responses to compliance information requests.
• Ensuring all employees complete relevant compliance training and keep up to date.
• Being a key member of the team by maintaining compliance standards across the business.

The Opportunity:

• Join a tight knit highly motivated team focused on teamwork and success.
• Working closely with the CEO, CFO, and COO as a key stakeholder.
• Ownership to lead programs of change and be involved with launching new products and services.
• Be part of a market-disrupting industry player and help drive our vision.

Eligibility:

• 5+ years of working experience in regulatory compliance in the financial industry.
• Previously held at least a compliance manager or MLRO position within the payments or e-money space.
• Previous compliance experience in the payments sector.
• Excellent knowledge of risk management in the e-money and card issuance sector.
• Previous experience with the Financial Conduct Authority is highly preferred.
• Previous regulatory application experience preferred.
• Relevant compliance qualifications (ACAMS/ACOI/ICA) preferred.
• Attention to detail, strong analytical skills, and self-starter are a must.
• Must be fluent in verbal and written English.
• Experience dealing with Chinese customer documentation is preferred.

Location: Canary Wharf, London.
Hybrid working: 3 days at the office per week.
Starting date: ASAP
Salaries: Competitive including all other industry benefits.

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