At a Glance
- Tasks: Lead compliance efforts in Italy, ensuring adherence to regulations and managing relationships with regulators.
- Company: Join SumUp, a global fintech empowering small businesses with innovative financial tools.
- Benefits: Enjoy competitive salary, private health insurance, development budget, and a supportive work culture.
- Other info: Be part of a diverse team dedicated to transforming the payment landscape for small businesses.
- Why this job: Make a significant impact on compliance while growing your career in a dynamic, fast-paced environment.
- Qualifications: 5+ years in compliance/AML, knowledge of Italian regulations, and experience with regulatory relationships required.
The predicted salary is between 48000 - 72000 £ per year.
At SumUp, we\'re on a mission to empower small businesses across the globe by providing simple and affordable tools that allow them to thrive. Today, over 4 million businesses in 36 markets rely on SumUp as their financial partner to manage payments, finance and customer relationships.
We\'re taking a critical step in expanding our financial services by establishing a local Italian branch of SumUp Limited to offer local IBANs. This creates a pivotal opportunity for a dedicated Compliance Manager / MLRO to join our European Compliance Team.
You\'ll be instrumental in securing and maintaining our regulatory approval with Banca d\'Italia, building our local compliance framework from the ground up, and ensuring ongoing adherence to regulations. Initially, you\'ll focus on critical Italian compliance activities while also supporting wider EU efforts. This is a unique chance to build a vital function and significantly impact SumUp\'s strategic growth across Europe.
You\'ll report directly to the Head of Compliance Ireland, collaborate closely with stakeholders across the entire SumUp organization, and partner with other Governance, Risk, and Compliance teams (like Operational Risk, Internal Audit, and other Money-Laundering Officers). If you\'re looking for significant professional growth, constant evolution with our product portfolio, and thrive in adapting to changing priorities, this role is for you!
What you\'ll do
- Lead Italian Regulatory Compliance: Identify and monitor relevant EU regulations, with a strong focus on Italian requirements and anticipating changes.
- Ensure Ongoing Compliance: Conduct gap analyses and develop/maintain policies and procedures to meet authorization and licensing requirements.
- Provide Expert Guidance: Offer subject matter expertise and advice on Italian and broader EU regulatory expectations.
- Oversee AML/CTF & Financial Crime: Conduct localized AML/CTF risk reviews, manage escalations (SARs/STRs), and lead reporting to the local FIU.
- Manage Regulatory Relationships: Act as the direct liaison with Banca d\'Italia for AML/CTF queries, leading engagements and maintaining strong relationships.
- Drive Product & Performance Compliance: Provide compliance input for new product launches and monitor localized KRIs/KPIs to identify emerging trends.
- Support Internal Reporting: Contribute to management and Board of Directors reporting on compliance activities.
You will be great for this role if:
- You have 5+ years of experience with compliance/AML in fintechs and/or payments firms.
- You have a deep knowledge of local Italian regulatory requirements, PDS2, EMRs and Conduct of Business rules (Payments Services Directive 2 & E-money regulations) and local Italian Conduct of Business rules.
- You have experience with risk or compliance monitoring frameworks.
- You have experience managing relationships with a variety of stakeholders from different levels and act as a trusted partner.
- You have experience engaging directly with the Italian regulator Banca d\'Italia and other financial regulators.
Why you should join SumUp
- We are a true global tech company with over 3000+ people from 93 nationalities, spread across 22 offices in Europe, LatAm and the US.
- Competitive salary package and virtual stock option programme
- Private Health Insurance Cover with Vitality (including optical, dental) and Life Assurance cover with MetLife for 2 x your salary
- SumUp Corporate Pension Scheme
- Opportunity to drive business growth and build a market-disrupting channel in a dynamic and fast-growing fintech company
- You\'ll receive a budget for your individual development, attending conferences and external training
- You will have access to the SumUp Sabbatical, our Employee Referral and Employee assistance programme for mental health
- Be part of a company that is transforming the payment landscape for small businesses and reshaping the market
About SumUp:
We believe in the everyday hero. Small business owners are at the heart of all we do, so we\'re creating tools that help them run their businesses. With a founder\'s mentality and a \'team-first\' attitude, our diverse teams across Europe, South America, and the United States work together to ensure that the small business owners we partner with can be successful doing what they love.
SumUp is an Equal Employment Opportunity employer that proudly pursues and hires a diverse workforce. SumUp does not make hiring or employment decisions on the basis of race, colour, religion or religious belief, ethnic or national origin, nationality, sex, gender, gender identity, sexual orientation, disability, age or any other basis protected by applicable laws or prohibited by company policy. SumUp also strives for a healthy and safe workplace and strictly prohibits harassment of any kind.
SumUp will not accept unsolicited resumes from any source other than directly from a candidate.
Job Application Tip
We recognise that candidates feel they need to meet 100% of the job criteria in order to apply for a job. Please note that this is only a guide. If you don\'t tick every box, it\'s ok too because it means you have room to learn and develop your career at SumUp. #J-18808-Ljbffr
Compliance Manager/Money Laundering Reporting Officer (MLRO) in London employer: SumUp
At SumUp, we pride ourselves on being a dynamic and inclusive employer that champions the growth of our employees while empowering small businesses globally. With a competitive salary package, comprehensive health benefits, and a strong focus on professional development, our work culture fosters collaboration and innovation. Joining our new Italian branch as a Compliance Manager/MLRO offers a unique opportunity to shape compliance practices in a fast-growing fintech environment, all while being part of a diverse team dedicated to making a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance Manager/Money Laundering Reporting Officer (MLRO) in London
✨Tip Number 1
Familiarise yourself with the specific regulatory requirements in Italy, especially those related to AML/CTF. Understanding the nuances of Banca d'Italia's expectations will give you a significant edge during discussions.
✨Tip Number 2
Network with professionals in the compliance and fintech sectors, particularly those who have experience working with Italian regulators. Building these connections can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on recent changes in EU regulations and how they impact the Italian market. Demonstrating your knowledge of current trends and future developments can set you apart as a proactive candidate.
✨Tip Number 4
Prepare to discuss your previous experiences managing relationships with stakeholders at various levels. Highlighting your ability to act as a trusted partner will resonate well with the team at SumUp.
We think you need these skills to ace Compliance Manager/Money Laundering Reporting Officer (MLRO) in London
Some tips for your application 🫡
Understand the Role:Before applying, make sure you fully understand the responsibilities of a Compliance Manager/MLRO at SumUp. Familiarise yourself with the key compliance activities and regulatory requirements mentioned in the job description.
Tailor Your CV:Highlight your relevant experience in compliance and AML, especially within fintech or payments firms. Emphasise your knowledge of Italian regulations and any direct engagement with Banca d'Italia to demonstrate your suitability for the role.
Craft a Compelling Cover Letter:Use your cover letter to explain why you're passionate about compliance and how your background aligns with SumUp's mission. Mention specific experiences that showcase your ability to build compliance frameworks and manage regulatory relationships.
Showcase Your Soft Skills:In your application, highlight your ability to manage relationships with various stakeholders and your adaptability to changing priorities. These soft skills are crucial for the role and should be evident in your CV and cover letter.
How to prepare for a job interview at SumUp
✨Know Your Regulations
Familiarise yourself with Italian regulatory requirements, especially PDS2 and EMRs. Be prepared to discuss how these regulations impact compliance strategies and your approach to managing them.
✨Demonstrate Stakeholder Management Skills
Showcase your experience in managing relationships with various stakeholders. Prepare examples of how you've acted as a trusted partner and navigated complex discussions with regulators like Banca d'Italia.
✨Highlight Your AML/CTF Expertise
Be ready to discuss your experience with AML/CTF risk reviews and how you’ve handled escalations. Provide specific examples of your contributions to financial crime prevention and reporting.
✨Emphasise Adaptability
Since the role involves adapting to changing priorities, share instances where you've successfully navigated shifts in compliance requirements or business strategies. This will demonstrate your ability to thrive in a dynamic environment.
