Compliance Diligence Manager

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• Client:
  Payments Services
• Duration: 6 months
• Location:
  
  London
• Contract type: PAYE inside IR35
• Working structure:
  Hybrid

Join a diverse team, where your individuality fits right in. We can provide the opportunity to shape the payments experience globally. Together, let’s transform the way the world pays.

What’s it all about?

The purpose of the Compliance Function is to assist senior management to effectively manage designated risks, and to support the business by being an expert trusted advisor, overseeing a robust, integrated, and effective risk control framework. The compliance-risk control framework includes financial crime compliance and regulatory compliance, with focus on AML, CTF, Sanctions & ABC, and on KYC/KYC/B & CDD obligations, including primarily but not limited to:

• Transactional monitoring
• Sanctions screening
• Suspicious activity identification, monitoring and reporting

Day-to-day responsibilities

The UK Diligence Manager reports to the Deputy MLRO. The Diligence Manager sits within the Payments Compliance (PC) management team and is responsible for management and coaching of the diligence team and supporting the Deputy MLRO and PC leadership in oversight and management of the AML and CTF regimes with a focus on Client and Network Partner Diligence.

• Facilitating client & partner diligence; on-boarding and relationship risk management processes, particularly in collection and analysis of due diligence for counter party verification (KYC/CDD).
• Conducting and/or overseeing compliance reviews and audits including KYC refreshes on counter parties and partners.
• Ensuring clients are within legal and risk parameters and not undertaking Money Laundering or criminal activities.
• Ability to deal with a diverse range of tasks, requiring stakeholder management while meeting deadlines.
• Completing country specific risk assessments.
• Providing diligence subject matter expertise, management, and direction to the broader diligence team and the wider VPC team through regular engagement.
• Ensure effective diligence processes are implemented including regular monitoring and scalability for the future.
• Work with prospective Direct to Account clients, Direct programs and Network Partners, facilitating review and management alongside supporting Diligence SMEs.
• Produce and develop management information on alignment with regulatory and internal policy/risk expectations.
• Ensure group-wide compliance with external legislation and internal policies and procedures.
• Support the resolution of risk and compliance issues raised internally and externally.
• Engage with relevant internal and external stakeholders, including FIUs, law enforcement and regulators.
• Applying primary compliance legislation and regulation, including Money Laundering Regulations 2017 and the Payment Services Regulations.
• Support the Deputy MLRO in broader responsibilities: delivery, maintenance and improvement of the relevant compliance-risk control framework(s), primarily related to Diligence, and alignment with local legislation.
• Supporting business-wide training in financial crime compliance and alignment of AML/CTF and Sanctions processes with global policy where applicable.

Leadership responsibilities

• Support and assist direct reports in identifying, reviewing and escalating diligence risk issues, including potential money laundering, fraud and sanctions issues.
• Allocating work and setting delivery expectations day-to-day and through objective setting in performance reviews.
• Overseeing and ensuring delivery through others; promote the Compliance Vision within the company and across the group regarding our regulated status and compliance framework.
• Exemplify the company’s leadership values within and outside the function.

What we’re after…

Education

• Ideally educated to degree level and/or related professional qualifications (e.g. International Compliance Association Certificates and/or Diplomas)

Experience

• 5+ years’ experience in a related environment (payments/FX, compliance, regulation, enforcement)
• Minimum of three years in financial services
• Specific experience in managing due diligence risk is necessary
• Proven…