Compliance Testing & Assurance Specialist (Hiring Immediately) in London

Who we are: TrueLayer is Europe’s fastest-growing Pay by Bank network. We power smarter, safer and faster payments by combining real-time bank payments with financial and identity data. E-commerce, iGaming and Financial Services businesses use our products to onboard new users, accept money and make payouts in seconds, and at scale. Live across 22 countries and with 1 new user joining TrueLayer’s Pay by Bank network every 3 seconds, we’re in a very exciting growth stage. This is why we’re expanding the team across our offices in London, Milan, and Dublin.

Description: As our Compliance Monitoring & Controls Testing Specialist, you will be responsible for running assurance and controls testing programmes to ensure compliance with TrueLayer policies. You will be working across a range of regulatory requirements and advising the business teams on how best to implement the relevant rules and assessing TrueLayer’s exposure to various risks.

This is an exciting opportunity for a skilled 2nd line professional to create appropriate and efficient risk-based approaches in implementing relevant regulatory requirements. As our Compliance Specialist you will:

• Co-own the maintenance and operation of TrueLayer’s compliance assurance programme. Tasks include: performing testing, sample reviews, and process walkthroughs in accordance with the company's annual Compliance Testing Plan.
• Develop and maintain a robust, risk-based Internal Controls Testing Programme to provide assurance over the firm’s compliance with relevant regulatory requirements, internal policies, and procedures.
• Participate in Group wide risk management projects including risk identification, identifying control weakness, compliance gaps and emerging operational risks (e.g. AML, consumer protection, privacy).
• Based on the outcomes of assurance and controls testing activities, assist in updating policy documentation and developing training workshops and/or control optimisation opportunities.
• Support on regulatory change projects so that relevant stakeholders are consulted and advised in relation to changes or regulatory requirements and provide assurance to senior managers that the business is operating within risk appetite.
• Support on regulatory reporting ensuring that relevant business owners input into the returns in an accurate and timely manner.
• Support on risk reporting to Leadership and the Risk and Compliance Committee (or regulators as needed).
• Interpret regulations, taking into account the strategic direction of the business, and advise on their implementation to stakeholders such that the business can operate within risk appetite.
• Remain up to date with the laws, regulation, guidance and industry best practice.
• Collaborate with the Legal, Financial Crime and Policy teams to share knowledge and as a function enable growth and manage risk in a hyper-growth environment.

About you:

• Proven experience within 2nd line compliance monitoring and testing (or assurance and audit) teams, preferably in financial services.
• Proven capacity to apply critical thinking and analytical rigor to complex risk scenarios, control effectiveness and regulatory ambiguity.
• Working knowledge and proven practical experience in the end-to-end control risk and control lifecycles including assessing control design and operating effectiveness.
• Working knowledge of PSD2/ PSRs requirements in the UK and EU.
• Excellent written and verbal communication skills for stakeholder collaboration and outcome reporting.
• Experience working within emerging risk areas of financial services such as money remittance, credit and open banking is desirable.
• Proven history of coordinating relationships with operational, commercial and product teams.
• Proficiency in MS/ Google software and process analysis tools.
• Proven experience in managing tasks, documentation and driving projects independently to completion.

Benefits: What you can expect from us:

• Meaningful equity in the company.
• Flexible hours and hybrid working. Split your time 50/50 between working from home and our welcoming offices in London and Milan, spending 2-3 days per week in the office.
• A one-off remote-working budget to help you set up your home office.
• 24 days holiday as standard with flexible bank holidays, so you can take those days whenever you like.
• 12 fully-paid wellbeing days a year and your birthday off (on top of the holiday allowance).
• 2 volunteering days to support causes important to you.
• 90 day ‘work from abroad’ policy.
• Generous parental leave, above and beyond statutory requirements.
• Competitive pension contribution at 4% & 4%.
• Private health insurance from the day you start.
• Membership of mental wellbeing platform Spill.
• A £1000 budget to spend on learning & development each year.
• Free lunch from Just Eat 3 days a week when you are in the office.

At TrueLayer, we don’t just do inclusion and diversity. We embrace people that have different opinions, perspectives and personalities. Because we believe that by seeing the world from all sorts of angles, we can make life better for all the people who live in it. We strongly encourage applications from underrepresented groups (e.g. people of colour, the LGBTQ+ community, people with disabilities, neurodivergent people, parents, carers, and people from all socio-economic backgrounds). If you’d like to discuss alternative working patterns, please let us know.

We will always aim to make appropriate adjustments to ensure we are fully inclusive to people with different needs during our interview process. So if you need us to make any adjustments to suit your individual needs please let us know - we’ll be happy to support you.