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Job description

We operate within the FX and payment solutions space, utilising both a relationship account management service and a technology as a service model.

The business is at an exciting growth stage, injecting direct investment into the rapid expansion of headcount, territory, technology and service offering.

Main Duties

The Compliance function has responsibility for the creation and maintenance of the firm’s systems, controls and frameworks in relation to financial crime and compliance. Responsibility for ensuring the key regulatory risks is identified, monitored and managed appropriately and effectively.

Key Responsibilities:

• Ensure compliance with regulations at all times
• Ensure compliance with Data Protection Act and associated EU directives
• Determine effective client onboarding strategies from a KYL/AML perspective
• Identifying key regulatory, conduct and operational risks and implementing mitigants.
• Develop and implement an appropriate compliance strategy
• Develop appropriate client on-boarding/KYC policies, procedures and systems
• Advise, assist, monitor and assess compliance with non-financial regulatory obligations
• Monitor and assess the effectiveness of systems and controls, in line with regulatory requirements and ‘best practice’.
• Identify and implement plans for the remediation of weaknesses and deficiencies
• Ensure compliance responsibilities are taken seriously, and a compliant culture is embedded within all levels of the business.
• Ultimate responsibility for ensuring complaint handling procedures are compliant with regulatory requirements.

Advisory

• Provide pragmatic advice to the business related to AML requirements
• Advise senior management team and all employees where necessary of emerging compliance issues, implementation and operation of compliance programs
• Give full support and guidance to line managers on all FCA matters

Monitoring

• Responsible for developing and implementing a risk-based compliance monitoring programme, identifying, assessing, monitoring and reporting all material compliance and AML risks.
• Responsible for day to day monitoring and reporting of compliance and AML.
• Ensures that compliance procedures, systems and controls are up-to-date and effective.
• Maintains the compliance manual, and all compliance procedure documentation.
• Maintain and amend manual and procedures as necessary in line with FCA regulations ensuring all departments are aware of changes and amendments and carrying out new/amended procedures
• Monitor and assess the effectiveness of systems and controls, in line with regulatory requirements and ‘best practice’
• Periodically evaluate the effectiveness of AML and compliance monitoring programmes are fit for purpose
• Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future

Policy and Procedure

• Responsible for the development and implementation compliance and AML/CTF policies and procedures, ensuring regulatory and legislative requirements are met
• Where relevant participate in the development and implementation of other policies and procedures, ensuring regulatory and legislative requirements are met
• Ensure documentation of all regulatory policies and procedures
• Disseminate written compliance and AML/CTF policies and procedures to all staff
• Review and update all compliance, AML/CTF and associated policies and procedures
• Implement accurate administration systems to document and record new/changes/amendments made to manual/procedures in line with FCA regulation
• Maintain and periodically review firms code of conduct

Reporting

• Filing of appropriate compliance reports with FCA and other regulatory bodies by due dates
• Prepare and manage on regular basis appropriate timely management information on compliance and regulatory issues.
• Preparation of management reports regarding compliance operations for senior management and the board e.g. By-Monthly Risk and Compliance Committee Meeting, Annual Report

Training

• Responsible for day to day management of employee training on compliance matters, including internal policies and procedures, the application of standards and guidelines, and relevant laws and regulatory requirements, promoting and enhancing a strong compliance culture.
• Develop and implement compliance, AML and ethics training and communications programs to raise awareness of the firm’s values, policies and procedures, including the Company's Code of Conduct and complaint handling procedures.
• Roll out the firm’s compliance program and obligations to newly acquired employees, conduct evaluations of the effectiveness of compliance and ethics training and communications programs.
• Maintenance of compliance and AML training records for all staff.

Job Type: Full-time

Salary: £21,968.23-£35,000.00 per year

Schedule:

• Monday to Friday

Ability to commute/relocate:

• London: reliably commute or plan to relocate before starting work (required)

Education:

• Bachelor's (preferred)

Work Location: One location