Head of Compliance | Rapidly Scaling Fintech Start-Up | London

We are delighted to be working with a brand new, fintech business focused on delivering low cost and fair financial products in a flexible way. Having raised nearly £25 million from leading VC funds and well known fintech angels, the business is now looking for a Head of Compliance to take on a sole Compliance role ahead of their launch later this year.

The company has an experienced founding team who raised over twelve million in funding for their previous business, and they have an aggressive fundraising strategy that will lead to rapid growth and in both revenues and headcount.

The team is still currently small as they are still pre-launch however, they are hiring fast in anticipation of a fast uptake. The culture is collaborative, trusting and the leadership team genuinely care about their employees with amazing additional benefits and equity buy in.

Although they are currently fully remote, they are looking at getting an office space close to King's Cross and would expect a successful candidate to be within commutable distance of this area. The successful candidate must also be willing to stay away from home on an ad hoc basis when required.

The role

Reporting to the CEO, you will be responsible for all things compliance, including ad hoc activities associated with working in a dynamic, fast paced start-up. You will be responsible for the delivery of compliance services and operational risk. This will involve identifying opportunities for improvement and continuing to embed a group-wide culture of Compliance.

You will oversee and evaluate all aspects of Compliance ensuring they comply with FCA principles, rules and regulations, Anti Money Laundering legislation, Data Protection legislation, Consumer Credit legislation and other relevant regulatory/legislative requirements and all elements of financial ombudsman service guidance.

Responsibilities

• Ensure daily customer DuDocumentation Responsible for designing, implementing and maintaining the regulatory compliance approach whilst creating and overseeing the Compliance Monitoring Programme
• Responsible for monitoring and managing operational and regulatory risks taking into account changes to legislation and regulation and ensuring that effective systems and controls are in place to meet regulatory, legislative and corporate governance requirements
• Engage the Compliance team to ensure that relevant regulatory risks to the business are identified, assessed, controlled, managed and monitored
• Review and approve the sign off of marketing materials, company documentation and compliance training material
• Maintain awareness and understanding of current regulatory requirements, FCA principles, rules and guidance applicable to the company
• Provide technical guidance and feedback on regulatory issues to managers and staff across the business in response to ad hoc queries and through meetings/projects and work groups
• Provide day to day advice on implications of data protection and consumer credit legislation
• Provide assurance to the board relating to regulatory and internal policy compliance
• Creation and maintenance of Operational Risk Register
• Creation and maintenance of Compliance Ops Manual and Risk Register Manual
• Creation and maintenance of Regulatory Business Plans
• Design and implement an Operational Risk management framework
• Develop Management Responsibility Maps and individual Statements of Responsibility
• Create and run Operational Risk and regulatory compliance meetings supported by appropriate MI
• Drive and implement the regulatory change agenda
• Providing support to Senior Manager Function holders on record keeping and conduct
• Act as designated MLRO for the group

Essential Experience

• Extensive experience in an Operational Risk and Compliance role within either the car finance or consumer lending sector - essential

• Law or Business degree with legal, compliance or audit qualification

• FPC qualification and or approved CF11 - money laundering officer

• Excellent knowledge of FCA handbooks and rules

• Ability to interpret complex regulations

• Experience in Operational Risk Management

• Experience of delivering a risk-based compliance programme with working knowledge of compliance and regulatory control processes and practices

• An expert knowledge of: FCA principles, rules and guidelines, Consumer Credit legislation, Anti Money Laundering legislation, Data Protection legislation and Treating Customers Fairly

  Bonus Experience

• Experience of working for a fast growth start-up.

• Complaints handling and court/litigation experience an advantage

Salary

• £90,000 - £110,000 + 10% bonus + share options (possible flex for the right candidate)

Please get in touch with Jack for more information ().

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