Head of Compliance - Lending/Loans/Fintech - £100-£135k

  • Salary: £100,000 - £135,000
  • Location: London, England, United Kingdom
  • Job Type: Full time
  • Company: JCW Search

Our client, a large lending organisation is looking to recruit an experienced head of compliance to start up and run their UK compliance function. This is an exciting opportunity to put a mark on the role and help an ever expanding business grow out their compliance unit.

This is a newly created position which will see you taking responsibility for ensuring we meet with rigorous regulatory compliance standards, whilst maintaining and supporting our ambitious international growth plans.

As Head of Compliance you will be applying the UK regulatory standards required by the FCA, together with an awareness of the regulatory environment in the many jurisdictions in which we operate across the world.  You will be exposed to various areas of the business in the UK and around the world and be at the forefront of fostering a high compliance culture

What you will do in the role      

As the Head of Compliance your responsibility is to ensure that the business has effective systems, procedures and controls for compliance with requirements and standards under the UK and other foreign regulatory systems.

Specific responsibilities include:

  • Ensuring that the business has effective systems, procedures and controls for compliance with requirements and standards under the regulatory system, including risk management, financial promotions, client categorisation, anti-money laundering and data protection
  • Identifying gaps in compliance and address those by implementing systems, procedures and controls and working with business systems to implement them
  • Acting as the nominated Money Laundering Reporting Officer and discharging the duties in accordance with local regulatory and internal requirements and obligations
  • Assisting with the compliance risk assessment process ensuring that the regulatory risks are appropriately identified and assessed
  • Providing internal training on regulatory topics in order for the business to keep abreast of regulatory issues and to enhance individual ownership of risk and fiduciary responsibilities
  • Maintaining effective relationships with the FCA and any other regulatory bodies and ensuring rigorous compliance with ongoing reporting obligations
  • Maintenance of documented and effective compliance procedures consistent with internal standards, business goals and attitude to risk
  • Monitoring the performance of the Compliance Programme and related activities on a continuing basis, taking appropriate steps to improve its effectiveness
  • Providing reports on a regular basis, and as directed or requested, keep senior management informed of the operation and progress of compliance efforts
  • Implementing a compliance culture and effective company systems and controls to ensure regulatory compliance

What you need to be great at

  • Excellent and detailed knowledge of the UK financial services regulation with a global mind-set. and ability to develop complex worldwide compliance programmes
  • Ability to continuously encourage high compliance awareness and buy-in from business
  • Strong regulatory and financial reporting skills
  • Ability to engage confidently with senior management, board and regulatory bodies
  • Innovative, strong decision making and problem solving ability
  • Implementing compliance policies, keeping up to date with changes and devising and implementing changes where necessary

Who we are looking for; track record must haves

  • Extensive background in regulatory compliance preferably in a global financial services environment
  • Experience working in a Compliance Management/Head of Compliance capacity at an international financial services, credit or payment organisation
  • Experience in the credit (lending) and investment (retail investor) business
  • Excellent knowledge of current and proposed laws in the UK/FCA credit and investment regulatory environment
  • Legal or business and compliance related degree or equivalent ideally supplemented by a CISI, ICA or ACAMS qualification
  • Knowledge and experience of best practice compliance and governance frameworks, methodologies and emerging practice, compliance monitoring and risk assessments in the context of the UK financial services industry
  • Experience of communicating with regulators and assisting with regulatory enquiries and inspections
  • Risk Management, Regulatory Compliance & Audit Recruitment
  • Visit us at our website www.jcwresourcing.com