Head of Compliance / MLRO UK

Company Description

Breinrock is a global premium brand offering fintech payment solutions, including multi-currency accounts, cross-border payments, designated IBAN accounts, and more. Our team is dedicated to providing clients with a full range of products and services to meet their banking needs with a focus on custom neo-banking solutions and personal service. Our passionate teams from Dubai, Toronto, London, Limassol and Prague offices are dedicated to pin providing World Class service and payment solutions to our clients around the Globe. If you love what you do, have genuine passion for excellence and wants to be part of fast-growing company then Breinrock is place to be!

Role Description

This is a full-time on-site role for a Head of Compliance / MLRO UK located in London, UK. The role involves ensuring regulatory compliance, managing compliance processes, and overseeing legal compliance within the organization on a day-to-day basis.

Objective

Fast and accurate compliance service with focus on several segments such as proper screening and monitoring a well reporting process. Directly reporting to Director and Group MLRO liaise with other units/departments PT/FO

Responsibilities

Operational:

Prepare, develop internal and Group company policies and see that they are respected as per request of Group Compliance Head

Monitoring and executing Compliance policies in domicile market (UK)

Make sure the organization has a clearly defined program for complying with the country’s laws

Constantly report to management concerning the organization’s compliance with laws and regulations

Take action in dealing with noncompliance situations, creating realistic plans to overcome them

Conduct regular audits to identify potential weaknesses and noncompliance situations

Communicate with employees and make sure everyone is aware of what they need to do to comply with internal and external laws and regulations

Document the firm\’s risk-based strategies and the basis for risk assessment and monitoring

Ensure the immediate investigation of all internal suspicious activity reports received

Ensure the submission of a SAR to the relevant law enforcement agency regarding all suspicions that have substance

Represent the firm to all external agencies, e.g. regulators or law enforcement agencies, and in any other third-party enquiries related to money laundering prevention, investigation or compliance

Promptly respond to any reasonable request for information from the regulator and/or law enforcement agencies

Monitoring Onboarding Team

Liaise with PT on on-boarding process and AML Monitoring

Liaise with PT on supporting documents

Liaise with FO /Seles and Growth on acquiring new customers

Participating in identification process of potential clients or dedicate person from On Boarding Team

Participating on boarding process as per procedure 1.1 FO/Sales and Growth

Coordinate with external providers that affect compliance with regulations

Participate in project management related to Compliance and new products

Responsible for identification of clients

Responsible for accuracy of documents

Responsible for 360 degree KYC/KYB process

Responsible for WC, AML, Risk Assessment and monitoring tools

Organizing trainings for BO /Compliance team

Participate in all Group projects as per request of Director/Group Compliance

Legal Parameter

Responsible as per regulatory requirements

Requirements

Excellent knowledge of PC

Proper communication with all team members as well as clients and partners

Previous extensive experience in Compliance industry ( Fintech / Banking is must )