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For Companies At a Glance
- Tasks: Ensure compliance with UK regulations and oversee AML/CTF policies in a dynamic environment.
- Company: Join a leading financial services firm committed to regulatory excellence.
- Benefits: Competitive salary, professional development, and a supportive team culture.
- Why this job: Make a real impact by safeguarding client funds and promoting compliance culture.
- Qualifications: 7+ years in compliance roles, strong knowledge of UK payments regulation, and analytical skills.
- Other info: Opportunity for career growth in a fast-paced, engaging workplace.
The predicted salary is between 36000 - 60000 £ per year.
The Compliance Officer / Head of Compliance, UK is responsible for ensuring that the API operates in full compliance with UK regulatory requirements, including the Payment Services Regulations 2017 (PSRs), FCA Handbook, AML/CTF legislation, and SM&CR obligations. The role supports senior management in maintaining a robust compliance framework proportionate to the firm’s risk profile.
Ideal Candidate
The ideal candidate will be a confident self-starter with strong interpersonal and organizational skills, good judgement, experienced in the relevant compliance and AML in payments or financial services industry, and with demonstrable ability to effectively and proactively engage and partner with the business in a fast-paced and engaging environment.
Job Responsibilities
- Regulatory Compliance & Governance
- Maintain and oversee the firm’s compliance framework in line with Payment Services Regulations 2017 (PSRs), FCA Handbook and UK AML regime (MLRs 2017 as amended).
- Advise the Board and senior management on regulatory obligations, changes, and risks.
- Act as a key point of contact with the FCA, including responding to regulatory enquiries, information requests, and thematic reviews.
- Support regulatory reporting obligations (e.g. REP returns, change-in-control notifications, material change notifications).
- AML/CFT Oversight
- Implement and maintain AML/CTF policies, procedures, and controls proportionate to the firm’s activities.
- Oversee Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), ongoing monitoring and transaction monitoring frameworks, Sanctions screening and PEP controls.
- Work closely with the MLRO (or act as MLRO) on SAR decision-making and submission to the NCA, Enterprise-wide AML risk assessments.
- Ensure compliance with UK and international sanctions regimes.
- Safeguarding Client Funds
- Oversee compliance with safeguarding requirements under the PSRs: Segregation of client funds, reconciliation and record-keeping, safeguarding audit readiness.
- Review safeguarding policies and ensure appropriate escalation of issues.
- SM&CR & Conduct Risk
- Support implementation and ongoing compliance with the Senior Managers & Certification Regime (SM&CR).
- Promote a strong compliance culture and conduct risk awareness across the firm.
- Draft, review, and maintain compliance policies and procedures.
- Deliver compliance and AML training to staff and senior management.
- Provide day-to-day compliance advice to product, operations, and business teams, including new products and changes to business models.
Requirements
- Bachelor's Degree in Accounting, Business or Finance; or equivalent work experience; professional certifications in AML/CTF (e.g., CAMS, ICA) are highly desirable.
- Over 7 years experience in regulatory compliance roles within the financial services sector, payment industry, or related fields.
- Strong working knowledge of UK payments regulation and the FCA Handbook.
- Proven track record of implementing and managing AML/CTF compliance programs, conducting risk assessments, and investigating suspicious activities in compliance with regulatory standards.
- Strong analytical and creative problem-solving capabilities.
- Proactive, results-driven, and take ownership for their work.
Compliance Officer employer: PhotonPay
Contact Detail:
PhotonPay Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Officer
✨Tip Number 1
Network like a pro! Get out there and connect with people in the compliance and financial services sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK regulations and compliance frameworks. Be ready to discuss how you’ve tackled compliance challenges in the past. We want to see your problem-solving skills in action, so come armed with examples that showcase your expertise!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and match your skills. Tailor your approach to each application, showing how you can add value to their compliance framework.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Reiterate your enthusiasm for the role and mention something specific from the interview that resonated with you. It shows you’re genuinely interested and engaged!
We think you need these skills to ace Compliance Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Compliance Officer role. Highlight your experience in regulatory compliance and AML/CTF, and don’t forget to showcase your strong interpersonal skills. We want to see how you can bring your unique flair to our team!
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 relate to the job description, especially your knowledge of UK payments regulation and the FCA Handbook. Let us know why you’re excited about joining StudySmarter!
Showcase Your Problem-Solving Skills: In your application, give examples of how you've tackled compliance challenges in the past. We love candidates who can think on their feet and come up with creative solutions. Share those stories that demonstrate your analytical skills and proactive approach!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on being part of the StudySmarter family!
How to prepare for a job interview at PhotonPay
✨Know Your Regulations
Make sure you brush up on the Payment Services Regulations 2017, FCA Handbook, and AML/CTF legislation. Being able to discuss these regulations confidently will show that you're not just familiar with them but can also apply them in real-world scenarios.
✨Showcase Your Experience
Prepare specific examples from your past roles where you've successfully implemented compliance frameworks or managed AML/CTF programs. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your achievements.
✨Engage with the Interviewers
Remember, interviews are a two-way street! Prepare thoughtful questions about the company's compliance culture and how they handle regulatory changes. This shows your interest and helps you assess if the company is the right fit for you.
✨Demonstrate Strong Interpersonal Skills
As a Compliance Officer, you'll need to work closely with various teams. Be ready to discuss how you've effectively communicated compliance requirements in the past and how you can foster a strong compliance culture within the organisation.
