Head Compliance

Description

At Xe, we live currencies. We provide a comprehensive range of currency services and products, including our Currency Converter, Market Analysis, Currency Data API and quick, easy, secure Money Transfers for individuals and businesses. We leverage technology to deliver these services through our website, mobile app and by phone. Last year, we helped over 300 million people access information about the currencies that matter to them and over 225,000 people used us to send money overseas.

We are currently looking for a Head of Compliance UK to join our growing team who will be responsible for the below responsibilities. The Head of Compliance is a Controlled Function and assumes the relevant regulatory position covering Compliance Oversight and MLRO for the UK-regulated entities with FCA. Reporting into the Compliance Director EMEA, the Head of Compliance (“HOC”) is responsible for UK financial crime management, governance and compliance function across the UK business.

The role involves driving and embedding quality practice to ensure systems and procedural excellence and effective regulatory planning to assure Compliance. In collaboration with other HOCs you will drive the change and execution of the key strategic projects needed to create and control all type of account‑based products. We seek a highly analytical, forward‑thinking professional with strong industry knowledge in Electronic Money Institutions (EMIs), digital payments, and financial product ecosystems.

The ideal candidate will demonstrate sound judgment, cross‑functional decision‑making capabilities, and a proactive, innovation‑driven mindset in a fast‑evolving fintech environment.

• AMBITION – We dream big, try things out and always ask “why not?” and “what if?” We’re ambitious in our thinking and our delivery.
• RESPONSIBILITY – We get involved, bring our perspective, and are always open to new ideas. We take personal responsibility.
• COMMUNITY – We value a sense of belonging, trust each other and encourage authenticity. We contribute to our community.

• Oversight for all money laundering, counter‑terrorist financing and financial crime systems and controls, ensuring compliance with current legal and regulatory conditions and aligning the business and its operations with future legal and regulatory requirements and conditions.
• Drive the regulatory change from Payment service provider to electronic money institution. Possess a strong understanding of Electronic Money Institution (EMI) frameworks, including regulatory requirements, governance and operational models.
• Understand EMI outsourcing models, including third‑party dependencies, risk management and oversight requirements.
• Board of Directors reporting on quarterly basics.

• Business partner / ‘trusted adviser’ to the Global Board/Management teams supporting the business.
• Commercial awareness balanced with regulatory prudence; ability to operate in a fast‑paced, dynamic fintech environment.
• Comfortable with change, innovation and digital transformation; proactive, independent and solution‑oriented mindset while communicating with other departments such as product and client services.

• Develops, manages and is responsible for policy and decisions in relation to AML / Compliance across the business.
• Ensures UK compliance suite of policies are up to date and the compliance risks are managed appropriately; responsible for UK‑related AML, Customer duty and senior members training.
• Provides input and consultancy (operational) into relevant business policies and operational plans impacted by legal, regulatory and risk/compliance issues.
• Maintains up‑to‑date knowledge and expertise on core business activities and assists in the analysis of proposed business initiatives from a risk‑based regulatory perspective.
• Champions a commercial approach to managing compliance across the business, which includes weekly communication with internal stakeholders.
• Strives towards a continuous improvement of the UK compliance function, Compliance Assurance Program and Customer Duty…