Head Compliance
UK Visa Sponsorship Analytics
Occupation TypeQuality assurance and regulatory professionals
Occupation Code Skill LevelHigher Skilled
Sponsorship Salary Threshold
£48,200
(£24.72 per hour)
Occupation rate applies
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Description
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’re proud of what we do and how we do it, but most importantly why we’re here. We empower people to know more and do better...because behind every currency exchange query or transaction is a person trying to accomplish something important
About This Role
We are currently looking for a Head of Compliance UK to join our growing team who will be responsible of the below responsibilities. The HOC 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 HIFX (XE) UK financial crime management, governance and compliance function across the UK business, 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 are seeking 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
OUR PRINCIPLES
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’re proud of what we do and how we do it, but most importantly why we’re here. We empower people to know more and do better...because behind every currency exchange query or transaction is a person trying to accomplish something important
About This Role
We are currently looking for a Head of Compliance UK to join our growing team who will be responsible of the below responsibilities. The HOC 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 HIFX (XE) UK financial crime management, governance and compliance function across the UK business, 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 are seeking 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
OUR PRINCIPLES
- 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, trusting each other and encouraging authenticity. We contribute to our community
What you’ll do
Regulatory Compliance
- 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 advisor’ to the Global Board/Management teams supporting the business
- Commercial awareness balanced with regulatory prudence Ability to operate in 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 responsible for policy and decisions in relation to AML / Compliance across business.
- Supported by your team members, you’ll Ensure UK compliance suite of polices are up to date and the compliance risks are managed appropriately; You are responsible for the UK-related AML, Customer duty, and Senior members training.
- Oversees implementation and maintenance of routine regulatory compliance monitoring for the business, ensuring adequate/timely flow of MI to relevant forums/individuals. You are responsible for the execution of the Compliance assurance program (CAP).
- Responsible for making decisions in relation to policy exceptions and issues escalation.
- Feeding into the global risk forum and contributing to the quarterly risk committee report.
- Maintains relationship management and liaison with internal and external parties as necessary (including EWI legal counsel, auditors, law enforcement, regulators, banking suppliers, Lawyers & other relevant parties).
- Develops and maintains an open and positive relationship with external regulators and ensures all regulatory reporting requirements are met.
- Co-ordinates Company resources for audit reviews, partner reviews and regulatory risk assessments.
- Represents HIFX/XE within the FX/Payments industry.
- Leads and manages direct reports, ensures regular feedback on performance is given to direct reports and conducts performance reviews to guide the team where it matters.
- You’ll demonstrate a track record gained working within a similar role as Head of Compliance or Deputy role and/or held responsibility as Compliance Head either within the FX/Payments industry, E-money industry or within a highly regulated organisation; Broad understanding of the industry and legal framework of UK payment regulated infrastructure.
- You will have held CF10/11 positions previously for a minimum of 2 years. Minimum of 4–5 years of direct exposure to electronic money products, payments, or EMI-related environments. (EMRs and PSRs)
- You will have strong people management skills and experience of managing team and making an impact on their development.
- Client and product mindset to build tailored controls for our clients.
- You will possess a strong ability to articulate and communicate compliance across all levels and hierarchies in the business (from team members, managers, directors to the board).
- Strong skillset of system understanding to build best-in-class compliance integration. Product teams need your regulatory balanced feedback.
- You will have experience of working within FX/PI/EMI industry, is needed and must have experience of compliance with the PSD2, MIFID II, EMIR, PSP regulation.
- Discounted Euronet Employee Share Purchase Plan (ESPP)
- Life Cover, Income Protections Scheme & Critical Illness cover
- Healthcare
- Plumm Mental Health and Wellbeing
- Volunteering day for a charity of your choice
At Xe we are committed to making our recruitment practices barrier-free and as accessible as possible for everyone. This includes making adjustments or changes for disabled people, neurodiverse people or people with long-term health conditions. If you would like us to do anything differently during the application, interview or assessment process, including providing information in an alternative format, please contact us on recruitment@xe.com
The position responsibilities outlined a
bove are intended to define the general contents and requirements to perform this job. It is not to be taken as a complete statement of responsibilities or requirements. This job description does not restrict the Company’s right to assign or reassign duties and responsibilities to this job as needed.