At a Glance
- Tasks: Lead compliance and risk strategies for a pioneering neo-bank in a dynamic environment.
- Company: Join a top fintech firm revolutionising trading and investing solutions.
- Benefits: Competitive daily rate, hybrid work model, and opportunity to shape the future of finance.
- Other info: Opportunity to manage a team and collaborate with major financial institutions.
- Why this job: Make a real impact in a fast-paced industry while working with cutting-edge technology.
- Qualifications: 5+ years in compliance, strong knowledge of regulatory frameworks, and excellent communication skills.
Overview
Role: Head of Compliance and Risk (Neo-Bank)
Office: Canary Wharf, London (Hybrid)
Rate: £500-650/day (outside IR35, contract, 3-6m's)
Role details: Our client is one of the world’s leading trading networks, providing millions of users from around the world with a one-stop-shop solution for their trading and investing needs. As a Fintech leader, pioneering revolutionary practices such as social trading, blockchain and machine-learning-based investment products, they have developed a regulated and secure platform, operating in full transparency with its clients’ interest in mind. As part of our proposition, we operate neo-banking services for our customers, providing them with a smarter and more cost-efficient way to manage their money, moving funds into and out of their trading account instantly and at better exchange rates than other available deposit and redemption methods.
Responsibilities:
- The design and oversight of the regulatory risk and compliance monitoring programme.
- Advising the Board and broader Group on complex regulatory issues.
- Advising the Board on the regulatory landscape, including new and emerging developments.
- Maintaining a positive and transparent relationship with the FCA.
- Overseeing the drafting and ongoing maintenance of robust policies and procedures across the entire regulatory compliance domain.
- Clients’ funds safeguarding and wind-down planning.
- The submission of ad hoc & routine reporting to the FCA, including formal notifications (where required).
- The review and approval of financial promotions / marketing campaigns.
- Supporting product development, including advising the Board on the use of the Firm’s EMI license to develop product and services.
- Giving general compliance opinions/support.
- Participating in Board of Directors meetings.
- Advising the group on the development of e-money services in other geographies.
- Working on compliance subjects with 3rd parties, such as VISA, Mastercard and others.
- Being a designated FCA approved EMD Individual.
- Managing a small team of compliance professionals.
About you:
The person taking on this role will be someone who has worked with one of the larger banks, electronic money, or payments institutions before and has a good understanding of what an optimal regulatory/risk framework looks like in today's regulatory environment, particularly in the context of innovative business models. The preferred candidate is articulate, numerate and can grasp complex concepts with ease, all of which whilst working within a fast-paced and dynamic environment. Priorities often change at the last minute and sometimes, information is required at short notice. You must be comfortable working within this kind of environment.
Requirements:
- Strong knowledge of EMI/PSP/card issuing activities.
- Must have worked in such environments previously.
- A subject matter expert in Electronic Money Regulations, Payment Services Regulations, Money laundering Regulations and PSD2.
- Previous experience (>5 years) as a Head of Compliance or equivalent senior-level position.
- Experienced in building working relationships with the FCA and FOS.
- Possess a deep understanding of regulatory frameworks, risk and risk management systems.
- In general, be able to command respect and be seen as a source of knowledge in his/her particular discipline.
- Experienced in filing regulatory reports.
- Organised and articulate.
- Be capable of showing an impressive track record of having performed under similar situations in a fast-paced, multi-regulated, multi-asset environment.
- Knowledge and experience in Operational Resilience and Conduct Risk management frameworks and best practice.
- Strong communication and presentation skills; must be comfortable communicating with senior management and external advisers.
- University-level education.
- Ability to work under pressure in a constantly changing environment.
Head of Risk & Compliance (Contract) in London employer: Payments Recruitment
As a leading Fintech innovator based in Canary Wharf, London, our company offers an exceptional work environment that fosters growth and collaboration. With a strong focus on employee development, we provide opportunities to engage with cutting-edge technologies and regulatory frameworks while working alongside industry experts. Our hybrid work model promotes a healthy work-life balance, making us an attractive employer for those seeking meaningful and rewarding careers in the fast-paced world of neo-banking.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Risk & Compliance (Contract) in London
✨Dive into Industry Groups
Join compliance and risk management groups on platforms like LinkedIn and Facebook. These communities often share temp job postings and insights. You’d be surprised at how many temporary gigs float around through word of mouth!
✨Showcase Your Expertise
Consider creating content on compliance topics that get you noticed—think LinkedIn articles or even a blog. This not only shows off your knowledge but can grab the attention of companies like Payments Recruitment when they’re searching for someone to fill a temporary position.
✨Tap into Recruitment Agencies
Reach out to recruitment agencies that specialise in compliance and risk roles. They’re usually in touch with companies looking to fill temporary roles, which can save us a lot of time in our job search.
✨Go Local with Networking
Attend local compliance and risk seminars or workshops. Meeting professionals in our area can open up temp opportunities, and it’s a great way to make your face known in the industry—plus, you might even meet someone from Payments Recruitment!
We think you need these skills to ace Head of Risk & Compliance (Contract) in London
Some tips for your application 🫡
Show Your Compliance Know-How:When you’re applying for a compliance-risk role like Head of Risk & Compliance (Contract) in London, make sure to highlight your understanding of industry regulations and risk management principles. Mention any relevant coursework, certifications, or projects that showcase your expertise in these areas—it's what sets you apart!
Highlight Your Analytical Skills:In the compliance-risk field, strong analytical skills are essential. Talk about your experiences that required critical thinking and data analysis, whether in past roles, internships, or academic projects. Show us how you've identified risks and implemented solutions in the past.
Tailor Your CV for the Temporary Role:Since this is a temporary role, focus on your availability and flexibility in your CV. Highlight any previous short-term roles or projects that demonstrate your ability to adapt quickly and deliver results in a fast-paced environment. This helps employers see you as an easy fit in their team!
A Concise Cover Letter is Key:Keep your cover letter short and focused! Explain why you're interested in the compliance-risk area specifically for this temporary position at Payments Recruitment. Mention what you hope to learn and achieve, showing your enthusiasm and motivation to contribute positively during your time there.
How to prepare for a job interview at Payments Recruitment
✨Know Your Compliance Basics
Make sure you're clued up on the key compliance and risk regulations pertinent to the industry you're applying to. Understanding frameworks like GDPR or AML will not only impress but also show that you’re ready to hit the ground running in your temporary role at Payments Recruitment.
✨Prepare for Scenarios
Expect scenario-based questions that test your problem-solving skills. They might ask how you'd handle a specific compliance issue. Think through real situations you’ve encountered in past roles or study hypothetical cases to showcase your analytical skills and practical judgement during the interview.
✨Highlight Your Adaptability
Since this is a temporary position, emphasise your ability to adapt quickly to new environments and team dynamics. Share examples of how you’ve successfully adjusted to changes in past roles and how this flexibility can benefit Payments Recruitment in the short term.
✨Gather Your Technical Tools
Familiarise yourself with commonly used compliance tools or software, as they might come up in the interview. If you've used tools for risk assessments or compliance tracking, mention those and be ready to discuss how they can streamline processes at Payments Recruitment.
