At a Glance
- Tasks: Lead compliance and risk oversight for a top fintech trading network.
- Company: Join a pioneering fintech leader in the heart of London.
- Benefits: Competitive daily rate, hybrid work model, and potential for permanent role.
- Other info: Dynamic role with opportunities to shape the future of financial services.
- Why this job: Make a real impact in a fast-paced, innovative environment.
- Qualifications: 5+ years in compliance, strong knowledge of EMI regulations, and leadership experience.
Overview
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
- To support our rapid growth, we are looking for a hands-on candidate who will be responsible for providing Compliance and Risk oversight for our FCA authorised and regulated entity.
- The candidate will support our program in general (globally) and will act as a senior domain expert for e-Money regulation subjects within the business.
- You will specifically be responsible for:
- 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.
Interim Head of Risk & Compliance in London employer: Payments Recruitment
Join a rapidly expanding fintech company that values innovation and collaboration, offering a dynamic work culture where your contributions directly impact growth in the e-commerce sector. With competitive salaries, comprehensive healthcare, and opportunities for professional training, this role not only promises financial rewards but also fosters personal and career development in a supportive hybrid environment.
StudySmarter Expert Advice🤫
We think this is how you could land Interim Head of Risk & Compliance in London
✨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 Payments Recruitment looking for candidates who are engaged and informed.
We think you need these skills to ace Interim Head of Risk & Compliance in London
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 Payments Recruitment. 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 Payments Recruitment
✨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 Payments Recruitment’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
