Head of Risk and Compliance

Head of Risk and Compliance

Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead risk management and compliance for a cutting-edge banking tech company.
  • Company: Zeta is revolutionising banking with its innovative, cloud-native platform.
  • Benefits: Enjoy a dynamic work environment with opportunities for growth and collaboration.
  • Why this job: Shape the future of finance while ensuring regulatory excellence and consumer protection.
  • Qualifications: Extensive experience in FCA-regulated environments and strong communication skills required.
  • Other info: Join a diverse team committed to inclusivity and innovation.

The predicted salary is between 43200 - 72000 £ per year.

About Zeta Zeta is a Next-Gen Banking Tech company that empowers banks and fintechs to launch banking products for the future. It was founded by and Ramki Gaddipati in flagship processing platform – Zeta Tachyon – is the industry’s first modern, cloud-native, and fully API-enabled stack that brings together issuance, processing, lending, core banking, fraud & risk, and many more capabilities as a single-vendor stack. 15M+ cards have been issued on our platform is actively working with the largest Banks and Fintechs in multiple global markets transforming customer experience for multi-million card portfolios. Zeta has over 1700+employees – with over 70%roles in R&D – across locations in the US,EMEA, and Asia. We raised$280 million at billion valuation from Softbank, Mastercard, and other investors in more @,,,About the Role We are looking for a Head of Risk and Compliance, responsible for overseeing all risk management and compliance functions to assist clients adhere to regulatory requirements and best practices required to operate within the UK market. The focus of the role is on the consumer lending and payments markets, with the role holder having a strong knowledge of CONC and Payment services regulation.Reporting directly to the UK CEO, the role will play a pivotal role in shaping the company\’s risk and compliance framework, maintaining its reputation and ensuring robust governance.

Responsibilities

1. Develop compliant business processes and polices as part of business launch plans

  • As clients and the business develops processes, customer journeys and financial promotions as part of the go to market plans, you will work with key business stakeholders to ensure journeys and customer outcomes are robust and compliant with the relevant regulation as authorised consumer lenders and authorised payment institutions.
  • 2. Risk Management

  • Develop, implement, and maintain the company’s risk management frameworks in line with FCA regulations and business objectives.
  • Identify, assess, and mitigate key risks, including credit, operational, financial, and reputational risks.
  • Provide regular risk reporting to the board and ensure a robust risk culture throughout the organization.
  • 3. Compliance Oversight

  • Design and maintain a comprehensive compliance program to meet FCA regulatory standards.
  • Ensure regulatory returns are completed accurately and in a timely manner
  • Monitor regulatory changes, assess their impact on the business, and ensure timely communication and implementation of required actions.
  • Act as the primary point of contact with the FCA and other regulatory bodies.
  • Conduct compliance reviews, ensuring timely remediation of findings.
  • Ensure that any financial promotions are approved in accordance with FCA rules.
  • Act as Company Secretary for board, ensuring corporate governance processes are followed.
  • 4. Anti-Money Laundering (AML)

  • Serve as the MLRO where required, ensuring effective AML and counter-terrorism financing policies and procedures.
  • Oversee transaction monitoring, reporting of suspicious activities, and ensure compliance with all AML requirements.
  • 5. Consumer Duty

  • Act as the nominated board owner for consumer duty in the origination (delivery supported by fellow Executive committee members)
  • 6. Governance and Reporting

  • Act as advisor on all risk and compliance matters.
  • Present risk and compliance updates to the board and external stakeholders as required.
  • Ensure the integration of risk and compliance considerations into strategic decision-making.
  • 7. Leadership and Collaboration

  • Build and Lead the risk and compliance team to ensure high performance and alignment with business objectives.
  • Foster a collaborative and integrated approach to risk and compliance management within the business.
  • Skills and Attributes required

  • Extensive experience in risk and compliance management within an FCA-regulated consumer lending firm and authorised payment institution.
  • A detailed knowledge of FCA regulations, including CONC (Consumer Credit Sourcebook), SYSC (Senior Management Arrangements, Systems, and Controls) and AML regulations.
  • A detailed knowledge of Payment Services Regulation and requirements of regulated payment providers.
  • Strong communication and interpersonal skills and an ability to work with the business to create compliant and implementable solutions.
  • Experience and Qualifications

  • Experience holding SMF16 and SMF17 roles or equivalent.
  • Equal Opportunity

  • Zeta is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We encourage applicants from all backgrounds, cultures, and communities to apply and believe that a diverse workforce is key to our success
  • Head of Risk and Compliance employer: Zeta Services Inc.

    Zeta is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration among its 1700+ employees. With a strong focus on employee growth, Zeta provides ample opportunities for professional development in the rapidly evolving banking tech sector, all while maintaining a commitment to diversity and inclusion. Located in the UK, the Head of Risk and Compliance role not only allows you to shape the company's governance framework but also positions you at the forefront of transforming customer experiences in the financial services industry.
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    Contact Detail:

    Zeta Services Inc. Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Head of Risk and Compliance

    ✨Tip Number 1

    Familiarise yourself with the latest FCA regulations, especially those related to consumer lending and payments. Understanding CONC and Payment Services Regulation will not only help you in interviews but also demonstrate your commitment to compliance.

    ✨Tip Number 2

    Network with professionals in the risk and compliance field, particularly those who have experience in FCA-regulated environments. Attend industry events or webinars to connect with potential colleagues and learn about current trends and challenges.

    ✨Tip Number 3

    Prepare to discuss specific examples of how you've developed and implemented risk management frameworks in previous roles. Highlight your ability to identify and mitigate risks, as well as your experience in leading compliance teams.

    ✨Tip Number 4

    Research Zeta's business model and recent developments in the fintech space. Being knowledgeable about their products and market position will show your genuine interest in the company and how you can contribute to their success.

    We think you need these skills to ace Head of Risk and Compliance

    Risk Management
    Compliance Management
    FCA Regulations Knowledge
    Consumer Credit Act (CONC)
    Payment Services Regulation
    Anti-Money Laundering (AML) Expertise
    Regulatory Reporting
    Governance and Corporate Compliance
    Strong Communication Skills
    Interpersonal Skills
    Leadership and Team Building
    Strategic Decision Making
    Problem-Solving Skills
    Stakeholder Engagement
    Adaptability to Regulatory Changes

    Some tips for your application 🫡

    Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Risk and Compliance position. Familiarise yourself with FCA regulations, particularly those related to consumer lending and payments.

    Tailor Your CV: Craft your CV to highlight your extensive experience in risk and compliance management, especially within FCA-regulated environments. Emphasise your knowledge of CONC, SYSC, and AML regulations, and include specific examples of how you've successfully managed compliance in previous roles.

    Write a Compelling Cover Letter: Your cover letter should not only express your interest in the role but also demonstrate your understanding of Zeta's mission and how your skills align with their needs. Discuss your leadership experience and how you can foster a strong risk culture within the company.

    Proofread and Edit: Before submitting your application, carefully proofread your CV and cover letter for any grammatical errors or typos. A polished application reflects your attention to detail, which is crucial for a role in risk and compliance.

    How to prepare for a job interview at Zeta Services Inc.

    ✨Know Your Regulations

    Familiarise yourself with FCA regulations, especially CONC and Payment Services Regulation. Be prepared to discuss how these regulations impact risk management and compliance in consumer lending and payments.

    ✨Demonstrate Leadership Skills

    As a Head of Risk and Compliance, you'll need to lead a team. Share examples of how you've built and managed teams in the past, focusing on collaboration and high performance.

    ✨Prepare for Scenario Questions

    Expect scenario-based questions that assess your problem-solving skills in risk management. Think about past experiences where you identified and mitigated risks effectively.

    ✨Showcase Communication Skills

    Strong communication is key in this role. Be ready to explain complex regulatory concepts in simple terms and demonstrate how you've successfully communicated compliance matters to stakeholders.

    Head of Risk and Compliance
    Zeta Services Inc.
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