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For Companies At a Glance
- Tasks: Lead compliance and risk oversight for a top fintech trading network.
- Company: Join a pioneering fintech leader in Canary Wharf, London.
- Benefits: Competitive daily rate, hybrid work, and potential for permanent role.
- Why this job: Make a real impact in a fast-paced, innovative environment.
- Qualifications: 5+ years in compliance, strong knowledge of EMI/PSP regulations.
- Other info: Dynamic role with opportunities to shape the future of finance.
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
Contact Detail:
Payments Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Interim Head of Risk & Compliance in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the fintech space. Attend industry events, webinars, or even local meetups. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Show off your expertise! When you get the chance to chat with potential employers, make sure to highlight your knowledge of EMI regulations and risk management. Share specific examples of how you've tackled compliance challenges in the past.
✨Tip Number 3
Be proactive! If you see a role that fits your skills, don’t wait for the perfect moment. Apply through our website and follow up with a friendly email. A little persistence can go a long way in making you stand out.
✨Tip Number 4
Prepare for interviews by brushing up on current regulatory trends. Be ready to discuss how you would handle complex issues and maintain relationships with the FCA. Confidence and knowledge will help you shine during those crucial conversations.
We think you need these skills to ace Interim Head of Risk & Compliance in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Interim Head of Risk & Compliance. Highlight your experience in EMI/PSP environments and any relevant regulatory frameworks you've worked with. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that demonstrate your expertise in compliance and risk management, and how you can contribute to our dynamic environment.
Showcase Your Communication Skills: Since this role involves advising the Board and liaising with the FCA, it's crucial to showcase your communication skills. Use clear and concise language in your application, and provide examples of how you've effectively communicated complex regulatory issues in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Payments Recruitment
✨Know Your Regulations Inside Out
Make sure you brush up on the latest Electronic Money Regulations, Payment Services Regulations, and Money Laundering Regulations. Being able to discuss these confidently will show that you're not just familiar with the rules but can also navigate complex regulatory landscapes.
✨Showcase Your Experience
Prepare specific examples from your previous roles where you've successfully managed compliance and risk. Highlight your experience in building relationships with the FCA and how you've handled regulatory challenges in fast-paced environments.
✨Demonstrate Leadership Skills
As a potential head of a small team, it's crucial to convey your leadership style. Be ready to discuss how you've managed teams in the past, particularly in high-pressure situations, and how you foster collaboration and respect among your colleagues.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's approach to compliance and risk management. This not only shows your interest in the role but also demonstrates your strategic thinking and understanding of the industry's challenges.
