Head of Compliance

Head of Compliance | London

Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations. We specialise in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence. Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments.

In 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 clients worldwide. By combining global reach with deep local market expertise, Monex enhances businesses with a suite of financial solutions and FX market analysis to help optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape.

Our corporate client experience is further enhanced by our dedicated sector expertise across a range of industries.

Job Overview The Head of Compliance takes a lead role in the provision of compliance advice, day-to-day leadership, compliance strategy and support of the designated companies’ business so as to ensure comprehensive compliance with applicable regulation. The role involves supporting and providing compliance advice and guidance to the local UK Chief Executive Officer (CEO) and other senior management, working closely with the International CCO.

To lead by example, to put the clients’ long-term interests first with fair and equitable outcomes. To be a pace setter in developing the firms’ cultural and conduct aspirations. The Head of Compliance is tasked with analysing and identifying all compliance related risks, including oversight of the CASS function and financial crime function, while keeping the senior management in all departments informed of developments regulations that can potentially affect the business.

• Overall Compliance Responsible for all Compliance related matters for both MEL and MEM in London.
• Principal contact for local regulators in the UK (the FCA).
• Business & Compliance Strategy Managing day-to-day compliance operations for both MEL & MEM
• Coordinating compliance strategies and projects for MEM and MEL
• Advising and assisting the Monex Europe Executive Board to deliver on required management/governance structure, systems and internal controls and individual responsibilities of senior management.

• Excellent and demonstrable understanding of relevant Compliance Regulation e.g. FCA Handbook, the Electronic Money Regulations 2011 (EMRs), the Payment Services Regulations 2017 (PSRs 2017), including CASS, MIFID, EMIR, PSD2 etc.;
• Overall responsibility for the firm’s adherence with its anti-financial crime and regulatory compliance obligations in line with local requirements and internal policies and procedures;
• The continuous review and improvement of Compliance Policies & Procedures, Advice and Training Documentation, to ensure they continue to be compliant with regulatory changes and best practice;
• Working closely with MLRO and Deputy MLRO to ensure risk-based procedures and frameworks are in place to fight financial crime; which fits into the compliance monitoring plan and Compliance Risk Frameworks;
• Working closely with the Head of CASS to ensure the firms adhere to their client money obligations and requirements;
• Ensuring MEL & MEM regulatory permissions match its business…