Head of Compliance

Head of Compliance (EMI) - E-Money - Digital Payments - Remote working (London HQ)

Arnold Ash have been retained by a medium sized and fast-growing E-Money Scale Up Bank to identify and attract a Head of Compliance to add to the team due to exponential growth after massive investment and customer uptake. This role reports to the CFO.

Requirements of the Head of Compliance:

• A minimum of 6 years experience in Compliance within a Digital Financial Services Environment (Digital Banking or Payments)
• You must have EMI/E-Money and/or Digital Payments Regulatory expereince
• Professional certification in compliance, risk management or internal audit is highly desirable (CIA, CRMA or equivalent)
• Minimum of Bachelor s degree in Law ideally or similar

Head of Compliance Role Description:

• Provide a robust regulatory environment, maintain regulatory standards and be the point of contact with the FCA, ICO and other regulatory bodies
• Develop and maintain continuous strong enterprise risk management framework as well as an annual Compliance work plan
• Prepare and present clear and concise Compliance reports to the executive team and external regulatory bodies as needed
• Identify emerging risks that present new regulatory, fraud, or operational risks
• Assist in the development and monitoring of key risk indicators to determine elevations in risk and proactively implement risk mitigation measures
• Ensure that the client is compliant with all necessary regulatory bodies and ensure approval is sought when needed for all current and new products and services
• Ensure that compliance programs throughout the company are effective and efficient in identifying, preventing, detecting, and correcting noncompliance with applicable laws and regulations, including proper auditing and reporting functions
• Regularly audit Company's operations, products, procedures, practices, and documents, including quality assurance, quality control, and periodic reviews of departments to identify possible weaknesses or risks
• Develop, challenge and implement key compliance policies with regards to the issuance of electronic money and other relevant regulations Collect and analyse risk information from source systems, departments
• Manage investigations related to breaches or errors within compliance
• Establish and enforce of the three lines of defence
• Set-up and chair the internal risk committee regularly reviewing processes and establishing sufficient controls
• Maintain oversight of compliance across all business operations
• Provide leadership and management to the current and future compliance team to ensure internal and global compliance

Full company details and job specification on application

Head of Compliance (EMI) - E-Money - Digital Payments - Remote working (London HQ)