At a Glance
- Tasks: Lead regulatory compliance and financial crime efforts in a dynamic, expanding company.
- Company: Join Paycom, a global leader in Human Capital Management and payroll technology.
- Benefits: Enjoy competitive salary, health insurance, generous leave, and strong pension contributions.
- Other info: Be part of an exciting international expansion with growth opportunities.
- Why this job: Shape compliance processes and make a real impact in a fast-paced industry.
- Qualifications: Experience in regulatory compliance and financial crime management required.
The predicted salary is between 60000 - 80000 £ per year.
Paycom is a global leader in Human Capital Management (HCM) and payroll technology, providing businesses with innovative solutions to streamline payroll, HR, and compliance processes. As the company expands its international footprint to provide these services in the UK, the company is seeking an experienced Senior Regulatory Compliance Manager who will also act as the Money Laundering Reporting Officer (MLRO) and be nominated as a Payment Service Directive (PSD) individual with the Financial Conduct Authority (FCA). This individual will be a senior manager within Paycom in the UK, responsible for UK financial crime, regulatory compliance and enterprise risk matters as the company applies to become an Authorised Payment Institution with the FCA.
Responsibilities
- Assume responsibility and accountability for efficient and effective leadership of the Paycom UK business across AML/CTF, regulatory compliance and enterprise risk.
- Maintaining and improving the Paycom UK AML and CTF framework as the framework matures and scales, including second line monitoring of client onboarding, transaction monitoring and PEP and sanction screening.
- Approval of high risk and PEP clients at onboarding and periodically thereafter.
- Reviewing and investigating internal reports of suspicious activity as the Nominated Officer and where appropriate reporting externally with the National Crime Agency (NCA).
- Supporting the development of the Firm’s regulatory compliance framework, including complaints, safeguarding and outsourcing.
- Oversight of the UK Enterprise Risk Management (ERM) framework including Risk Appetite Statements, ERM Risk Register and associated policies and procedures.
- Support the Country Director in shaping the UK strategy in line with the wider company strategy.
- Uphold good governance in the company’s activities through attendance and contribution to the Paycom UK Board.
- Prepare and present quarterly AML/CTF, regulatory compliance and enterprise risk reports to the UK Executive Leadership Team and the Paycom UK Board.
- Meet expectations of fitness and propriety as a Payment Service Directive Individual to the FCA.
- Lead engagement with regulators i.e. FCA and with law enforcement agencies.
- Ownership of regulatory reporting to the FCA.
- Responsible for the Compliance Monitoring Program as the second line oversight of first line operational activities, including services provided on an outsourced basis within the Paycom Group.
- Providing AML, risk and regulatory compliance guidance to the business as a second line point of escalation for first line operational activities.
- Partnering with the US and EU Compliance and Risk leadership teams to ensure consistent implementation and alignment across Paycom Group entities.
- Manage the company’s AML registration with HMRC as an Accountancy Service Provider.
- Foster and embed a positive culture of compliance across the company.
- Develop a regulatory compliance training program for UK staff.
Why Join Us
Join Paycom at an exciting stage of our international expansion, where you’ll play a meaningful role in building and scaling our presence in a regulated, fast‑paced industry. You’ll work cross‑functionally with global teams in a high‑trust environment that values ownership, collaboration, and long‑term career development. This is a chance to shape new processes and contribute to a company that’s actively shaping its presence in the UK and Europe, with opportunities to grow your role as the business scales and evolves.
What We Offer
- Competitive salary with regular performance reviews.
- Comprehensive health insurance.
- A strong employer pension contribution to support your future.
- Generous annual leave, to help you rest and recharge.
- Enhanced family leave.
- Income protection and life assurance for peace of mind.
- Opportunities for professional development and career progression.
Senior Regulatory Compliance Manager and Money Laundering Reporting Officer - UK employer: Paycom
Join Paycom, a global leader in Human Capital Management, as we expand our footprint in the UK. We offer a dynamic work culture that prioritises collaboration and professional growth, alongside competitive salaries, comprehensive health benefits, and generous leave policies. As a Senior Regulatory Compliance Manager, you'll play a pivotal role in shaping our compliance framework while enjoying opportunities for career advancement in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Regulatory Compliance Manager and Money Laundering Reporting Officer - UK
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Paycom looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Regulatory Compliance Manager and Money Laundering Reporting Officer - UK
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Paycom. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Paycom
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Paycom’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
