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Mercuryo is an international company that creates a new generation of financial services for the business sector. Mercuryo is backed by a team of 200+ professionals and a high profile fintech investor. Together we create cutting-edge business payment solutions binding conventional and crypto finance. This is the future, and we already know everything about it.

Monetley, a full subsidiary of Mercuryo, authorised by the FCA to provide e-money services, and our main hub for banking related services (i.e. Acquiring, BaaS, Fiat Wallets), is now seeking a Head of Compliance/MLRO to help us building out the second line of defence and to push our Regulatory and Financial Crime Compliance Program to the next level.

About the role

As Monetley’s Head of Compliance/MLRO, you will be responsible for outlining the vision and the mission for the team as the company continues to scale. You will work closely with key stakeholders in Financial Crime Compliance Operations, Legal, Risk, Product, Engineering, and other functional areas to ensure Monetley is compliant with all relevant regulations.

The Head of Compliance/MLR reports directly to Monetley’s Board of Directors and Mercuryo’s Head of Legal and Compliance and will be supporting our regulatory efforts across all Mercuryo entities (currently in Europe, the United States, and Singapore).

As Head of Compliance/MLRO, you will have the opportunity to work on a wide range of areas in the increasingly important world of fintech payments and virtual assets and have a real impact on the growth of the entire Mercuryo Group.

About you

• Strong knowledge of the UK/EU regulatory environment for an Electronic Money Institution and Crypto-Asset Services Provider;
• Practiced in the design and operation of systems and controls for financial crime prevention;
• 7+ years' experience working within financial services in the UK/EU, ideally within an EMI/PI, a fintech, a challenger bank, and/or a crypto-asset service provider;
• Ideally exposure to (financial crime) regulatory compliance outside of Europe, such as North America or Asia;
• Excellent knowledge of corporate structures, financial institutions and the regulatory environment, especially in relation to AMLD5, MICA, PSD2 and EMD2 (and its UK equivalents), and FCA Consumer Duty rules.
• A research mindset: you're comfortable diving deep into source regulation, analysing it, and applying it;
• Considerable hands-on experience of automating financial crime prevention processes, for example onboarding and transaction monitoring;
• Experience of presenting financial crime prevention matters to the businesses, including senior level bodies such as the Board of Directors;
• A collaborative mindset and an interest in working closely with all other parts of the business, from both a coaching and product development perspective;
• Comfort with solo execution - we're a small team so you'll need to be happy rolling up your sleeves;
• You should love to write - we have a lot of documents to draft and we place a high degree of importance on clarity and readability;
• Team player, quick comprehension, solution-oriented way of working, ability to work reliably both independently as well as part of a team;
• Diplomatic and effective communicator, with the ability to effectively communicate with all levels of the business from the C-suite to graduate level.;
• Fluency in English is required

Day to day you will

• Design and build out our AML, CTF, sanction breaches and fraud prevention systems and controls;
• Work closely with other stakeholders ensuring that the firm's risk appetite and financial crime prevention requirements are being appropriately configured and implemented in the firm's technology systems;
• Work with the Product team in the design of new products so that financial crime prevention considerations are appropriately incorporated from the outset;
• Serve as a subject matter expert to key stakeholders on how the firm's technology systems and products meet applicable financial crime prevention requirements;
• Report directly the Executive Team and the Board;
• Keep up to date with emerging regulatory changes in so far as they relate to financial crime prevention, and ensure that our technology systems and products stay in compliance with these;
• Design and implement customer transactions and onboarding monitoring rules;
• Liaise with and supervise the Financial Crime Operations Team ensuring that policies and procedures are executed as defined.
• Work closely with different departments within Mercuryo to provide the background and structure for Mercuryo’s business model, through licensing, documentation and regulatory advice;

What we love about you

• Comfortable with solo execution - we're a small team so you'll need to be happy rolling up your sleeves;
• You enjoy working with a young team and taking the time to share your knowledge and experience;
• You love to write - we have a lot of documents to draft and we place a high degree of importance on clarity and readability;
• You are detail-oriented, possessing keen analytical skills;
• Capable of working to own initiative;
• You are inquisitive and confident in questioning the status quo;
• Good team player that is happy and thriving working in a startup environment;
• You are proud of your impeccable work ethic and entrepreneurial business mindset.

We're hybrid-remote so you should be comfortable picking up new software tools for document drafting, collaboration and communication. Most of your colleagues will not share an office with you on a day-to-day basis.

What is in for you

• Flexibility-first approach to work, including:
• Opportunity to shape the initiatives you’re working on;
• Professional individual development, innovative work area, challenging tasks;
• Diverse and friendly team;
• We are open-minded to new ideas.

Mercuryo is an equal opportunity employer and prohibits discrimination and harassment of any kind. We’re committed to providing employees with a work environment that is progressive and open-minded. Our employment philosophy is to hire the best people and empower them to do the best work of their lives. Employment decisions are based on business needs and individual merit without regard to race, colour, religion, ethnicity, sexual orientation, nationality, marital status, gender or age.