We are looking for someone with strong compliance knowledge on a global scale and the ability to meaningfully apply this to our business without undue disruption. We are not looking for a person that is going to implement numerous policies and processes just for compliance sake.
Tasks
You will need to be product and operations focused - and be willing and able to learn and collaborate with other teams and acquire good knowledge of our payments platforms and any other systems that make our products work. This is essential to being able to apply your compliance knowledge to our actual products and not just generic compliance rules. The focus should be client oriented - how do we make it happen for clients while ensuring that our products are compliant and meet the necessary regulatory requirements.
You will need to be a compliance and a regulatory guide that can navigate the compliance landscape to make sure we can grow our business and products, in a compliant manner. You will also need to be able to speak the language of your more formal compliance counterparts in banks and other financial Institutions, to be able to give them comfort that we have our compliance in order.
- Designing and maintaining a compliance framework that meets the needs of the business
- Working with our partner banks on any compliance related matters that the banks are raising
- Interpreting compliance requirements and finding solutions that meet both Paymentologys product requirements and external party requirements
- Training staff internally so that they are aware of the compliance issues and have the understanding of why things are needed
- Research regulatory and compliance requirements in the different regions that we work in and update internal teams accordingly
- Manage and drive any compliance audits that external parties (e.g. audits conducted by our clients or partner banks) perform on Paymentology - this will also involve working with multiple teams within Paymentology
- Investigate, identify and resolve any potential compliance breaches
- Manage ongoing AML, sanctions screening, KYC and due diligence checks to align with Paymentoogy's risk appetite as well as ensuring compliance with relevant laws, regulations and rules
- Where appropriate, introduce new systems and processes that simplify and improve ongoing AML, sanctions screening, KYC and due diligence checks
- Act as a key point of contact to support the business in operating within compliance frameworks, processes, controls and best practices
- Completion and ownership of any compliance related due diligence questionnaires and RFPs
- Drafting and reviewing of any compliance policies that are required to meet the business needs
- Implement monitoring plans to assess the efficiency of compliance controls
- You will need to be a compliance person with substantial experience working in a fintech or a challenger bank. You should have around 5 years of experience in a role which has given you hands on experience in dealing directly with compliance issues.
- You need to be an excellent communicator, personable, professional (financial clients still tend to be formal and conservative), and be able to empathise with external counterparts and internal teams while keeping our business front of mind. You need to want to be involved in the business and work continually with other teams to solve problems.
- A legal grounding with emphasis on the various laws that Banks are subject to is very important, and a mindset to learn and adapt is key. The ability to work under pressure, prioritising, taking responsibility and working to tight deadlines is key.
- Good grasp of UK -GDPR, GDPR, POPI, FCA, EBA, FIC and other laws affecting the global finance industry.
- Relevant post graduate degree, with a legal degree being advantageous.
