GROUP CHIEF RISK & COMPLIANCE DIRECTOR

About the Compliance Team
The compliance team is responsible for defining related organizational processes and ensuring they are successful, that regulatory requirements are met to support the different functions across the business, and to also ensure that day to day monitoring, daily reconciliation and oversight of all activities is maintained and demonstrated as required.

This team is also responsible for all regulatory reporting across the group, which is primarily Financial Services related, also establishing best practice processes that set prevention, detection and correction measures to safeguard business areas. The team must abreast of up and coming regulation developments and will lead the group companies to compliance.

About the Role
Reporting directly to the CEO, the Chief Risk and Compliance Officer will be responsible for ensuring that the company operates within regulatory frameworks, is compliant with all relevant regulatory legislation and manages the reputational, operational and financial risks to which the company is exposed. In performing the role, you will hold the Risk and Compliance Oversight and MLRO Senior Manager’s Regime Function for the UK.

Our client is looking to hire a Chief Risk and Compliance Officer, who will specialise in operational Risk and compliance (KYC/AML/ATF) and will help us support the growth of the company globally and continued commitment to the highest standards of regulatory and financial crime compliance.

You will be in charge of Risk and Compliance across the group, consisting of two regulated entities in the UK (supervised by the FCA) and one regulated entity in Malta (supervised by the MFSA).

Responsibilities
Development and management of company’s 5MLD-compliant policies and processes
Development and management of company’s Risk management policies and processes
Ensure ongoing monitoring and reporting on risk and compliance and providing statistics on monitoring completion as needed
Managing monitoring registers and other records necessary to evidence efforts
Liaising with regulators (FCA / MFSA) as required
Review legal documents and contracts to guarantee regulatory compliance and assess risk
Focus on internal policy review, including ongoing assessments, assist with compliance review, internal and external audit reviews and ongoing or ad hoc reviews
Advise on and make recommendations for enhancing the firm’s systems, controls and processes
Assist with maintaining overall compliance with the legal and regulatory requirements and obligations prescribed by the regulators and local authorities

Requirements
Proven experience in the FinTech/payments sector, experience working with Visa/Mastercard issuing members preferred
Minimum of 7 years’ experience in a risk, fraud, compliance, AML or regulatory function, preference with experience working with an FCA regulated business
Professional certification in compliance and/or risk management
Ability to work independently in a fast-paced, global organization maintaining close contact with relevant teams across multiple locations
Excellent problem solving skills and ability to provide useful and efficient counsel
Good understanding in performing risk assessments, periodic/trigger reviews and enhanced due diligence
Proficiency in compliance applications and programmes
Good knowledge of national and international AML/CFT legislation, including FATF Recommendations and virtual currency regulations, along with 5MLD

to be discussed