Our client is a new neo-bank based in the city of London who are embarking on a really exciting journey, wanting to change the world of money and banking at its core by developing the most cutting-edge technology to enable customers to generate wealth and lead richer lives.
The firm is growing at a rapid rate in the UK and across Europe and they are now looking for a Head of Compliance/MLRO which will be integral to managing their agenda and the requisite regulatory adherence.
The primary responsibilities of the Head of Compliance/MLRO are:
Management and oversight of all compliance, MLRO, legal and governance activities.
Establishment of an annual compliance plan and once in place, regular reporting to senior management and other stakeholders to progress against the plan.
Management of AML/MLRO activities including business risk assessment, customer due diligence, and KYC requirements in line with AML regulations.
Setting up of the Compliance Manual and compliance policies and procedures
Reviewing and implementing FCA and EU regulations, keeping abreast of any regulatory changes
Providing high quality regulatory advice and guidance to the business
Monitoring upstream regulation and recommending changes to current processes to keep in line with updated regulations.
Reporting directly to the Board on a quarter basis and highlighting any compliance issues and breaches and provide recommendations for resolution
Primary point of contact with the Central Bank of Ireland and other key senior stakeholders
Provision of internal training (as required) on all compliance, regulatory and AML requirements.
Management of a small compliance team
Ad hoc regulatory responsibilities as required.
A wealth of experience in Compliance and AML issues in regulated financial services
Desirable to have already operated as a Head of Compliance within fintech/ neo/ challenger bank
Excellent knowledge of AML/CFT, GDPR, CPC, and preferably also knowledge of payment services, crypto and any other relevant compliance requirements, etc.
Experience of EMI Licencing
Relevant Compliance/Legal qualifications such as ACOI, ICA, etc. would be an advantage.
Strong internal and external stakeholder management
Diligent, credible and autonomous in decision making
Excellent ability to develop and train others
Salary: circa £100,000 depending on experience + an excellent benefits package. Once returned back to the office, there will be some flexibility to work from home.
For more information about this position, please get in touch with Georgina Housden.
Reference code: HOG11183
Rutherford is a boutique search firm located in London. Our consultants are the executive specialists in compliance recruitment, and also in financial crime, legal and cyber security, all within the financial and professional services sectors in the United Kingdom and New York. We use our carefully curated relationships, networks and market knowledge to find the best fit for the clients in hand. We work with a wide range of clients, spanning from advisors, management consultants, corporate and commercial banks, brokers, exchanges, MTFs and financial tech, through to global investment managers, hedge funds, private equity firms, investment banks and technology firms. We began as a compliance recruitment firm in London and expanded to offer new resourcing expertise across legal and cyber recruitment. We have been a leading legal and compliance search agency in London for a decade and are excited about bringing our expanded offering into the technology area.