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Compliance Manager - Payments / E-Money

  • Location

    Middlesex

  • Discipline:

    Compliance

  • Job type:

    Permanent

  • Salary:

    £50,000 - £70,000

  • Consultant:

    #

  • Email:

    kburn@merje.com

  • Job ref:

    KBU/16055

  • Published:

    2 months ago

Key responsibilities:

  • Manage all compliance activities focussing on e-money regulations and making sure the business has a robust framework around all relevant legal and regulatory requirements
  • Act as a point of escalation for all customers and business contacts to ensure compliance with AML regulations
  • Onboard new agents / distributors / customers and submit application forms to the FCA via the system (Connect)
  • Horizon scanning of new regulatory developments and maintaining oversight of developments impacting the firm’s activities
  • Educate and train the compliance team and associated team members as and when required
  • Proactively identify situations that may post significant compliance risk and guide management in the development / reviewing / updating of relevant policies, procedures and business practices
  • Educate and train all compliance and associated team members as and when required
  • Proactively identify situations that may pose significant compliance risk and guide management in the development/reviewing/updating of relevant policies, procedures and business practices
  • Act as point of contact for all regulators, including the FCA
  • Actively monitor agents and enhance the monitoring plan, reporting back to management to advise and resolve any issues
  • Undertake regular risk assessments and audits, building stronger controls where necessary
  • Support to the firm with the launch of new products to ensure regulatory requirements are met

Requirements:

  • A good educational background, preferably a law or finance degree, or equivalent industry qualifications and experience
  • Experience of the financial/payments industry with proven experience in a compliance function
  • Working knowledge of financial institutions and/or banking compliance in the UK and EU, including knowledge of anti-money laundering requirements, payment services and e-money regulations, data protection, TCF and the FCA handbook
  • Excellent communications skills, both verbal and written
  • Excellent organisational and problem-solving skills
  • A willingness to learn and take on a challenge
  • High standard of work, loyalty, honesty and commitment
  • A can-do attitude and good work ethic
  • This role can evolve with the growth of the business so it is essential the candidate is fully committed to the long-term project.

The role is responsible for overseeing and leading the work of the compliance team.  This person will be managing and updating all compliance systems, processes and policies which ensure the business will be running at optimum performance levels