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- Tasks: Lead compliance for our fintech platform, ensuring regulatory adherence and shaping risk culture.
- Company: Letly is an innovative AI-driven fintech focused on revolutionising the rental housing market.
- Benefits: Enjoy competitive salary, equity options, and a high-autonomy work environment.
- Why this job: Join a dynamic team at the intersection of AI, finance, and compliance with significant impact.
- Qualifications: Experience in compliance at an EMI or Payment Institution; knowledge of UK regulations is essential.
- Other info: This role offers a unique opportunity to influence policy and build compliance frameworks.
The predicted salary is between 100800 - 126000 £ per year.
Letly is an AI-Native vertical fintech platform focussed on the rental housing market. We are automating rental workflows end-to-end and building a fintech platform underneath to manage the trillions of dollars spent on rent globally. We recently closed a venture funding round and are hiring a compliance leader to run and spearhead our UK Electronic Money Institution (EMI) application, build our compliance operating model, and shape Letly's risk culture.
Apply if:
- You’ve worked in compliance at an EMI or Payment Institution; working on an EMI or API application with the FCA is a plus.
- You understand the UK EMI regulations, Payment Services Regulations, and the FCA’s approach under those regimes.
- You can translate complex rules into scalable product and process requirements.
- You want to work in a high-ownership environment – setting policy, building controls, and partnering closely with engineering and operations.
- You want to work at the frontier intersection of AI, real-time finance, and compliance.
You Will:
- Drive the end-to-end FCA submission and act as the point-person for our consultants and law firms.
- As MLRO, own the firm’s AML/CFT program – maintaining policy, filing reports, conducting internal investigations, and liaising with the FCA.
- Architect Letly's compliance core – combining policy, controls, monitoring, reporting, and issue management.
- Work with Product & Engineering to codify regulatory rules into our modular backend compliance engine.
- Be a key part of a high-performance, engineering and product-led company with a high degree of autonomy and impact.
Compensation:
- Competitive salary and meaningful equity in the company.
- Annual performance-based compensation (cash and equity).
- High autonomy and ownership in a role with high impact.
Seniority level: Director
Employment type: Full-time
Job function: Legal
Industries: Software Development
Head of Compliance (MLRO) employer: Letly
Contact Detail:
Letly Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Compliance (MLRO)
✨Tip Number 1
Familiarise yourself with the specific UK EMI regulations and Payment Services Regulations. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to compliance in the fintech space.
✨Tip Number 2
Network with professionals who have experience in FCA submissions or have worked in similar roles at EMIs. Engaging with industry experts can provide valuable insights and potentially lead to referrals, increasing your chances of landing the job.
✨Tip Number 3
Showcase your ability to translate complex regulatory requirements into practical solutions. Prepare examples from your past experiences where you've successfully implemented compliance measures that align with business objectives.
✨Tip Number 4
Research Letly's mission and values thoroughly. Tailor your discussions during interviews to reflect how your vision for compliance aligns with their goals, especially in the context of AI and real-time finance.
We think you need these skills to ace Head of Compliance (MLRO)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Head of Compliance (MLRO) position at Letly. Familiarise yourself with the UK EMI regulations and the FCA’s approach to ensure you can demonstrate your knowledge in your application.
Tailor Your CV: Highlight your relevant experience in compliance, particularly within an EMI or Payment Institution. Emphasise any work you've done on FCA submissions or API applications, as this will be crucial for Letly's needs.
Craft a Compelling Cover Letter: In your cover letter, express your passion for compliance and how it intersects with AI and fintech. Discuss your vision for building a compliance operating model and how you can contribute to shaping Letly's risk culture.
Showcase Your Problem-Solving Skills: Provide examples in your application of how you've translated complex regulatory rules into actionable processes. This will demonstrate your ability to architect compliance solutions that align with Letly's goals.
How to prepare for a job interview at Letly
✨Understand the Regulatory Landscape
Make sure you have a solid grasp of UK EMI regulations and Payment Services Regulations. Be prepared to discuss how these regulations impact compliance strategies and how you can translate complex rules into actionable processes.
✨Showcase Your Experience
Highlight your previous experience in compliance, especially if you've worked with an EMI or Payment Institution. Be ready to share specific examples of how you've successfully navigated FCA applications or built compliance frameworks.
✨Demonstrate Leadership Skills
As a potential MLRO, it's crucial to exhibit strong leadership qualities. Discuss how you've led teams, set policies, and built a risk culture in past roles. Emphasise your ability to work autonomously while collaborating with engineering and operations.
✨Prepare for Technical Questions
Since this role involves working closely with product and engineering teams, be prepared to answer technical questions about compliance systems. Familiarise yourself with how regulatory rules can be codified into backend compliance engines and be ready to discuss your approach.
