Compliance Officer and MLRO (UK) London, England
Job description
Marqeta is on a mission to change the way money moves. We're one of the earliest enablers of embedded finance, a market opportunity sized up in the trillions. Our card issuing platform provides unprecedented flexibility and control for companies to issue cards, authorize transactions, and manage payment operations in real time. Marqeta is powering the most well known brands in the new economy (Block, Cash App, Affirm, Instacart, Doordash, Uber, Walmart, etc). Today nearly 8 out of 10 Americans use a product powered by Marqeta every week. This is the opportunity of a lifetime to work with innovators around the world and unlock equitable financial access for all.
As Marqeta's Compliance Officer and Money Laundering Reporting Officer (MLRO) in the UK, you will report to Marqeta's Chief Compliance Officer and be the first hire in Europe to build and lead our UK and EU compliance team. You have a passion for developing and implementing strong compliance programs. This is a highly cross-functional and strategic role that requires strong partnerships with our Go to Market, Product Management, and Legal teams as well as our bank partners to conceive and execute a strategy that ensures compliance while supporting innovation. You will serve as the MLRO in the UK but will also be responsible for building a team to perform compliance activities globally.
The successful candidate is a smart, ambitious, and experienced leader who can craft compelling narratives for Marqeta's global compliance programs, understands the regulatory requirements across multiple jurisdictions, including the US, UK, and Europe, develops appropriate policies and procedures to support the product vision of Marqeta and our customers, and works cross-functionally to drive unified messaging and positioning within the organization and with our partners.
You will be a leader within the Risk & Compliance organization, driving thought leadership, supporting the development of global compliance policies and implementing AML compliance programs. You will be a trusted subject matter expert working closely with your internal and external partners to establish an efficient, scalable and effective program that identifies and mitigates risks while enabling growth.
We work Flexible First. This role can be performed remotely anywhere within the UK or from our London office. We'd love for you to join us!
What You'll Do
- Serve as the Money Laundering Reporting Officer (MLRO) in the UK, ensuring effective implementation of Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) policies and standards.
- Develop and maintain a robust compliance framework that aligns with regulatory requirements and industry best practices across the UK and EU, including establishing and maintaining risk-sensitive policies and procedures and controls to enable Marqeta to identify, manage, monitor and report any financial crime risks to which it may be exposed.
- Ensure that Marqeta has in place effective systems and controls to identify, assess, monitor and manage money laundering risk and sanctions risk and exposure, associated with Marqeta's customers and business activities in the UK and EU.
- Respond to changes in relevant laws, regulations, and identify impacts across the enterprise. Adjust policy as necessary, and coordinate with relevant stakeholders to provide training and guidance on implementation.
- Support payment service license applications within the UK and EU.
- Provide strategic advice to the business teams on product and geographic expansion initiatives in the UK and EU, while mitigating risk.
- Provide support and guidance to the business lines on AML/CFT compliance policy, regulatory interpretation, and implementation.
- Continuously improve standard compliance policies and processes to help scale the compliance function.
- Collaborate with cross-functional teams across all lines of defense, including the Business Operations, Legal, Risk Operations, and Internal Audit teams, to ensure a cohesive and integrated approach to compliance.
- Work in partnership with other members of the Risk & Compliance and Legal teams.
- Develop and deliver compliance training, including AML/CFT training, to enhance awareness and understanding of compliance obligations.
- Partner with Marqeta's other Compliance Officers and personnel to build a global compliance program.
- Establish and maintain effective relationships with external regulatory bodies, industry associations, and other relevant stakeholders.
What We're Looking For
- Ideally 10+ years of relevant experience, preferably within a regulated payment firm (e.g. E-Money Issuer), in: AML/CFT Compliance and Regulatory Management.
- Previous experience as an MLRO or Deputy MLRO or demonstrable experience in a similar role.
- Knowledge of the UK and EU AML/CTF legal and regulatory framework, including the Proceeds of Crime Act 2002, Terrorism Act 2000, UK Money Laundering Regulations 2017 and EU 6th Anti Money Laundering Directive, as well as international AML and CTF standards (e.g. FATF Recommendations) and their application to payment services in the UK and EU.
- Knowledge of current and emerging UK and EU payment systems regulation (e.g. PSD2 and 2EMD) and supervision within the UK/EU and ability to operationalize into a robust compliance programme.
- Experience of communicating and interacting with external regulatory bodies in the UK and/or the EU.
- Attention to detail and the ability to prioritize and deliver in a fast paced and dynamic environment with a high degree of personal accountability, quality, accuracy, integrity and trust;
- Analytical and problem solving experience with a strong focus on quality assurance of output.
Recruiter For This Role
- Louise Devlin
Typical Process
- Application submission
- Recruiter phone call
- Hiring manager video call
- Virtual "Onsites" consisting of 6 x 45 min calls
- Offer!
Compensation and Benefits
- Generous Paid Time Off program with additional company days
- Retirement savings pension scheme with company contribution
- Equity in a publicly-traded company and an Employee Stock Purchase Program
- Health insurance premiums paid 100% + coverage for dependents
- Family-forming benefits, fertility support, and up to 20 weeks of Parental Leave
- Free therapy sessions, financial coaching, and legal advice
- Monthly stipend to support our hybrid work model
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