Director - Compliance & Legal
- Location
-
England, London
London (Greater)London (Greater)
- Salary
- Negotiable
- Posted
- 10 Oct 2018
- Closes
- 06 Nov 2018
- Ref
- LT26879
- Job Title
- Head of Compliance
- Category
- Legal
- Contract Type
- Permanent
- Hours
- Full Time
A leading fintech business based in central London requires the assistance of an experienced Legal Compliance professional (director level) to work cross-functionally with Legal, Regulatory Affairs, Risk, HR, Finance, Public Policy, Privacy, and Internal Audit.
Role and Responsibilities
- You will report to VP of Compliance and be responsible for strengthening, extending and sustaining a successful compliance program for the Real-Time Payments business, ensuring the business fulfils its obligations under Part 5 of the Banking Act 2009.
- Develop, implement and extend compliance risk assessments, policies and procedures ensuring they are aligned with relevant legislation and industry guidance, including Bank of England ("BoE") expectations under Part 5 of the Banking Act.
- Develop, implement and maintain a monitoring plan across relevant areas of the business to ensure oversight of and adherence to compliance policies, including BoE requirements.
- Production of reporting summarising findings of compliance monitoring and provision of feedback and recommendations to relevant business areas.
- Work with relevant business areas on the implementation of recommendations and track resolution of any issues to completion.
- Escalate issues including non-compliance or non-completion of actions as appropriate.
- Production of management information for internal stakeholders, including senior management and Risk Committee.
- Manage external validations of Part 5 control framework and track completion of any findings arising. · Maintain accurate and complete records of relevant information, including reporting to the BoE and records relating to changes in relevant processes.
Skills, Qualifications and Experience
- 8-10 yrs PQE
- Educated to Degree level
- Experience in a compliance/assurance role
- Experience of implementing compliance processes and controls
- Proven compliance experience in the financial services sector, including experience managing operational compliance programs
- Experience of working in the payments industry with the ability to translate regulatory and compliance requirements into controls and product designs (preferred)
- In-depth understanding of the role of regulation and supervision in the payments sector
Salary and Contract
- Negotiable salary
- Permanent, full time contract
Apply Now
Apply for this position today by sending us your CV.