At a Glance
- Tasks: Lead compliance initiatives and manage regulatory relationships for a fast-growing fintech.
- Company: Join Spiko, a cutting-edge cash management platform backed by industry leaders.
- Benefits: Competitive salary, stock options, remote work flexibility, and a monthly perks budget.
- Other info: Enjoy a vibrant company culture with regular social events and career development opportunities.
- Why this job: Be at the forefront of compliance in a dynamic environment with huge growth potential.
- Qualifications: 5-12 years in compliance at FCA-regulated firms; strong MiFID knowledge required.
The predicted salary is between 70000 - 90000 £ per year.
Money sitting idle is money lost. We are fixing that. Spiko, founded in 2023, provides SMEs, non-profits, financial advisers and fintechs access to institutional-grade cash management via app or API. We are building the full infrastructure: issuing, operating, and distributing the products ourselves. Two years after launch, we serve thousands of organizations across Europe and process hundreds of millions of euros in flows every month. Our ambition is to become the world's leading treasury management infrastructure in a market worth trillions. Spiko is backed by Index Ventures, the CEO of Revolut, the founder of Kyriba, and the CTO of Wise. Spiko runs on excellence, transparency, and straight talk.
The role of Compliance involves seeking FCA authorisation as an investment firm under MiFID, and the person in this role will lead that application and own the ongoing compliance framework that follows. This role is not suited to candidates whose experience is primarily in payments, e-money, or banking AML. We are looking for someone who has worked inside an FCA-regulated investment firm (broker-dealer, asset manager, wealth manager) and understands MiFID obligations from the inside. You will serve as the MLRO and primary point of contact with UK regulators, including on potential license applications and regulatory filings.
Key Responsibilities
- Lead Spiko's licensing initiatives in the UK, including an investment firm application with the FCA, and serve as the primary point of contact with the FCA.
- Contribute to building Spiko's compliance infrastructure, including comprehensive compliance policies, procedures, and systems for Spiko's UK-regulated entity.
- Serve as the Money Laundering Reporting Officer (MLRO) and AML/CFT Compliance Officer for our UK-regulated entity; own Spiko UK's AML/CFT programs.
- Report on compliance matters to the board of the UK entity.
- Ensure the timely submission of all mandatory regulatory reporting and reports.
- Provide independent oversight of the UK compliance framework, ensuring that program requirements are robust and effectively implemented.
- Provide compliance advice on market expansion, new product development, and operational changes.
- Manage compliance requirements from counterparties (banks, asset managers, PSPs, digital asset partners), and serve as the primary compliance point of contact for partner-related compliance inquiries and audits.
- Stay current on UK and FCA regulatory developments, assess impact on Spiko's operations and develop and implement expanded compliance policies and procedures as needed.
Who we’re looking for
Requirements (must-haves):
- 5 to 12 years of compliance experience in financial services.
- Direct, hands-on experience working in compliance at an FCA-regulated investment firm, broker-dealer, asset manager, or wealth manager.
- Strong working knowledge of MiFID Org Reg, COBS, SYSC, SMCR and the FCA Handbook as applied to investment firms.
- Prior experience leading or co-leading an FCA investment firm licence application; EMI or payment institution licences are relevant but not sufficient on their own.
- Proven experience as an MLRO or in a senior AML compliance role at an FCA-regulated entity, including ownership of AML/KYC processes, transaction monitoring and SAR reporting.
- Excellent written communication skills, including drafting regulatory submissions and board reports.
- Comfortable in a fast-paced, early-stage environment where you will be building from scratch.
Nice to have:
- Prior work at a start-up or high growth fintech company.
- Law degree or professional compliance certifications (ICA, ACAMS, CAMS).
What we offer
- Compensation: a competitive salary depending on experience + Stock Options.
- Office: in central London.
- Remote work: up to 2 days per week and one full remote week per month.
- The best tech for your job: latest-generation laptops and industry-leading software.
- Monthly Budget to cover different perks of choice.
- Referral Bonus.
- Social life: regular afterworks and biannual offsites.
Our hiring process
- Screening Interview - 30 mins with Nathalie, Talent Acquisition.
- Hiring Manager interview - 30 mins with Victor, Head of Legal.
