Head of Compliance

Job Title: Head of Compliance
Contract Type: Permanent
Location: City of London, London
Salary: £90000 - £120000 per annum
Reference: 607_1621876885
Contact Name: Harper May
Contact Email:
Job Published: May 24, 2021 18:21

Job Description

Our client is a visionary fintech business providing a innovative service. Offering both business to business and business to customer services they have derived the flexibility to handle fully regulated and compliant platform to destinations around the world. Having received large backing, they have built and developed a successful platform for early stage businesses and are looking for an ambitious Head of Compliance to drive growth and push the business to being a figure head of the fintech world.


  1. Liaise and report to the relevant regulatory bodies as required by the applicable regulations;
  2. Act as an adviser to the Company's Board of Directors and Senior Management on general compliance issues;
  3. Maintain an up-to-date understanding of relevant aspects of prevailing business practices in the Company and the application of regulation to its business;
  4. Ensuring local operation/administration procedures comply with relevant regulations and that this is adequately documented;
  5. Ensuring staff are trained in local regulatory requirements and receive induction training, and that all staff required to comply with the relevant regulator's training and competence regime do so;
  6. Advising staff on regulatory issues as and when required;
  7. Conducting and recording regular monitoring to ensure that business and transactions of the Company are conducted in compliance with in-house rules and regulations;
  8. Ensuring that client due diligence complaint procedures are adequate;
  9. Ensuring any issues arising are satisfactorily addressed and resolved;
  10. Investigate issues of concern in relation to compliance as and when required;
  11. Assess the Company's status of compliance and report periodically to senior management and the Board of Directors keeping them informed of all relevant matters;
  12. Design and review the Company's internal policies and procedures related to compliance matters and controls relevant to the prevention of money laundering and terrorist financing and ensure the policies of the Company are always in line with local and international regulations;
  13. Monitor and assess the correct and effective implementation of the policies in relation to the prevention of money laundering and terrorist financing, implementation of the risk management and procedures manual, apply monitoring mechanisms in order to assess the level of compliance of the departments and employees of the Company;
  14. Give guidance for corrective measures where necessary and inform the Board of Directors if needed;
  15. Detect, record and evaluate, at least on an annual basis, all risks arising from existing and new customers, new financial instruments and services, and update and amend the systems and procedures applied by the Company;
  16. Assist with internal and external audit;
  17. Draft policies, procedures, manuals;

Desired Skills

  • Relevant compliance experience required within Financial Services, ideally within a Retail CFD brokerage
  • Extensive experience of dealing with regulators and other external bodies
  • Commercially minded
  • Compliance qualifications to equivalent standard