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Head of Compliance - Payments - £70 - £80k

Holmes Search
Closing date
15 Sep 2021

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Job Details

We currently have a great role with a growing payments firm who are looking to make a permanent hire for a Head of compliance, with the potential to also cover the MLRO position, depending on experience.

This is a great opportunity to step up into a head of compliance role and progress your career.

Experience in the E-Money space is essential.

Currently, this is a remote working role but in the future will be London based

The main focus on this role is in the reg space as a Head of compliance but experience in the AML side would also be useful as there is potential for this role to also cover the MLRO.

The Head of Compliance is responsible for upholding the FCA requirements by ensuring adequate systems and controls are in place to allow regulated business to be carried out correctly. In performing also the role of MLRO, the person invited to perform that function must be individually approved by the FCA, on the application of the firm, before performing the function. The FCA expect that the individual will be based in the UK.

The head of Compliance and MLRO is responsible for:

  • the oversight of all aspects of the firm's AML/CTF activities and is the focal point for all activity within the firm relating to anti-money laundering.
  • supporting and co-ordinating senior management focus on managing the money laundering/terrorist financing risk in individual business areas.
  • the establishment and maintenance of the firm's AML/CTF systems
  • reviewing Internal reports and submitting external reports
  • submitting an annual report to the senior management which assesses the operation and effectiveness of the firm's systems and controls in relation to managing money laundering risk.
  • preparing and submitting Reports required by the FCA
  • Controlling and monitoring effective business systems, processes and procedures to satisfy the obligations place upon the firm as an UK FCA Regulated entity;
  • Overseeing the compilation and delivery of policies and procedures that implement the requirements of the FCA and all applicable regulations and legal obligations;
  • Writing or revising relevant compliance policies and procedures to adapt to regulatory and business changes;
  • Ensuring that the Board, Directors and Senior Management have sufficient information and are kept informed of the issues affecting the effectiveness of compliance and any risk exposure that may have been identified;
  • Implementing and overseeing an annual compliance audit plan. Identify risks, and develop and execute the Compliance Monitoring Programme within set timeframes and ensure that issues are escalated appropriately;
  • Ensuring that processes and procedures include controls to deliver fair and unbiased treatment to clients and customers, including ways in which framework contracts are presented, complaints are handled and financial promotions are advertised;
  • Performing Compliance reviews and approvals of new products, services and outsourcing requests;
  • Providing balanced advice that enables business development within a risk-based approach delivered and supported by Senior Management and Directors.
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