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- Tasks: Lead the Risk and Compliance function, ensuring regulatory alignment and sustainable growth.
- Company: Join DMA Moneybetter Ltd, a fast-growing fintech revolutionizing investor services in the UK.
- Benefits: Enjoy remote work flexibility and the chance to shape compliance strategies.
- Why this job: Be a key player in a dynamic team, driving innovation and governance in a thriving industry.
- Qualifications: Proven experience in regulatory environments, especially with FCA's Senior Managers and Certification Regime.
- Other info: This is a full-time director role with travel to London required three days a week.
The predicted salary is between 72000 - 108000 £ per year.
Head of Risk and Compliance SMF3 SMF 16/17
DMA UK Greater London, England, United Kingdom
About Us:
DMA Moneybetter Ltd is the UK-regulated subsidiary of SCM DMA Pty Ltd, a rapidly growing South African-owned platform software and investor services business. We offer a streamlined advice proposition and platform with significant cost advantages over competitors.
Job Summary:
We are seeking a talented Head of Risk and Compliance to join our UK board as Director, with SMF3, SMF16, and SMF17 responsibilities. You will help build on solid foundations to develop the Risk and Compliance function within DMA Moneybetter Ltd and support the company in its mission to provide technological tools that unlock economies of scale for advice firms as they grow.
Key Responsibilities:
- Develop the risk and compliance function, leading the company\’s regulatory strategy in alignment with our commercial strategy and product roadmap.
- Embed an effective risk management framework to support the sustainable growth of our business.
- Act as a strategic advisor to our Executive and Senior Management for growth and expansion.
- Develop, manage, and implement policies and procedures for regulatory compliance.
- Ensure products are developed with a comprehensive understanding of regulatory implications, meeting relevant quality and regulatory standards.
- Conduct compliance and assurance checks, tracking progress and corrective actions.
- Ensure the company meets all compliance and regulatory requirements through regular reviews.
- Support senior leadership in maintaining good governance practices and assessing risk.
- Maintain a comprehensive compliance filing system and manage filings in a timely manner.
- Stay up-to-date with changes to legislation and regulations affecting the business.
- Manage regulatory compliance functions, ensuring adherence to internal policies and external regulations.
- Continuously assess and update policies and procedures as required.
- Provide written reports to management, including findings and recommended actions.
- Track progress of compliance monitoring against the annual plan and report to management.
- Design and implement internal anti-money laundering systems and procedures.
- Report Red Flags to senior management and relevant regulators as necessary.
- Facilitate investigations and reporting of information security incidents alongside the Information Officer and Deputy Information Officer.
- Ensure compliant processing and holding of personal data.
Requirements:
- Demonstrable experience in a regulatory environment, including a sound understanding of the FCA\’s Senior Managers and Certification Regime.
- Experience in investments, particularly in relation to pension structures (both on and offshore) and investment advisory business requirements.
- Up-to-date knowledge and understanding of UK financial regulations and industry challenges.
Desirable Skills and Experience:
- Experience working in a fintech or rapid scale-up business environment.
- Understanding of the regulatory landscape in our target product markets, e.g., UK IFAs, DFMs, ACD/Transfer agencies, SIPP Administration.
Location and Work Arrangement:
Remote working supported. UK-based, with travel to London required 3 days per week ideally.
Seniority level
Director
Employment type
Full-time
Job function
Finance and Sales
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Head of Risk and Compliance SMF3 SMF 16/17 employer: DMA UK
Contact Detail:
DMA UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk and Compliance SMF3 SMF 16/17
✨Tip Number 1
Familiarize yourself with the FCA's Senior Managers and Certification Regime. Understanding this framework is crucial for the Head of Risk and Compliance role, as it directly impacts your responsibilities and the regulatory landscape you'll be navigating.
✨Tip Number 2
Network with professionals in the fintech space, especially those who have experience in compliance and risk management. Engaging with industry peers can provide valuable insights and potentially lead to referrals or recommendations.
✨Tip Number 3
Stay updated on the latest changes in UK financial regulations and industry challenges. This knowledge will not only help you in interviews but also demonstrate your commitment to the role and the company’s mission.
✨Tip Number 4
Prepare to discuss specific examples from your past experience where you've successfully implemented compliance frameworks or managed regulatory challenges. Concrete examples will showcase your expertise and readiness for the role.
We think you need these skills to ace Head of Risk and Compliance SMF3 SMF 16/17
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Risk and Compliance position. Tailor your application to highlight your relevant experience in regulatory environments and compliance.
Highlight Relevant Experience: In your CV and cover letter, emphasize your demonstrable experience in a regulatory environment, particularly with the FCA's Senior Managers and Certification Regime. Mention any specific experiences related to investments and pension structures.
Showcase Your Strategic Skills: Since the role involves acting as a strategic advisor, provide examples of how you've successfully developed and implemented risk management frameworks or compliance strategies in previous positions.
Stay Current with Regulations: Demonstrate your up-to-date knowledge of UK financial regulations and industry challenges in your application. This could be through mentioning recent changes in legislation that you are aware of and how they impact the business.
How to prepare for a job interview at DMA UK
✨Understand the Regulatory Landscape
Make sure you have a solid grasp of the FCA's Senior Managers and Certification Regime, as well as current UK financial regulations. This knowledge will demonstrate your expertise and readiness to lead the Risk and Compliance function.
✨Showcase Your Strategic Thinking
Prepare to discuss how you would align the risk and compliance strategy with the company's commercial goals. Be ready to provide examples from your past experience where you've successfully implemented similar strategies.
✨Highlight Your Experience in Fintech
If you have experience in a fintech or rapid scale-up environment, be sure to emphasize this during the interview. Discuss specific challenges you've faced and how you navigated them, as this will resonate with the company's growth ambitions.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about potential compliance issues that could arise and how you would address them, showcasing your proactive approach to risk management.
