Details:
- Salary: £600 - Day
- Job Type: Contract
- Job Status: Full-Time
- Salary Per: Day
- Location: London
- Date: 5 days ago
Description:
Compliance Specialist (UK Market)
Overview: Join our client's UK Market Compliance team responsible for second line of defence compliance risk oversight, management, and reporting across their UK Legal Entity. This team operates independently from the business and centralised organisations.
Role Summary: We are seeking an experienced Compliance Specialist to assist with the regulatory compliance activities of our client's UK entity, including managing the Risk and Compliance Committee and supporting regulatory reporting and notifications.
Core Responsibilities:
* Oversee regulatory compliance risk for payments and lead regulatory report delivery.
* Ensure governance structure, including the UK Risk and Compliance Committee.
* Develop and implement policies to comply with payment regulations.
* Monitor and test adherence to policy requirements.
* Provide subject matter expertise and effective challenge to the business and centralised organisations.
* Communicate and report on the compliance programme, risk views, and risk-related matters.
Key Activities:
* Manage the Risk and Compliance Committee agenda, compile materials, capture minutes, and follow up on actions.
* Assist with regulatory reporting and notifications, including complaints, fraud, and major incidents.
* Organise the regulatory reporting timeline for timely submissions.
* Update processes and procedures to reflect best practices.
* Promote and contribute to the remediation of reporting-related issues.
* Provide advisory support on reporting-related matters.
* Lead or present at forums or working groups on regulatory reporting.
* Support regulatory requests and inspections in collaboration with the Regulatory Relations team.
* Develop training and communications on reporting regulations.
Qualifications and Experience:
* Bachelor’s degree required; a compliance qualification is advantageous.
* Extensive knowledge of the FCA Handbook, Payment Services Regulations, and Electronic Money Regulations.
* Extensive experience in regulatory reporting to UK authorities.
* Experience partnering with senior business clients in a rapidly changing environment.
* Experience implementing new regulatory requirements and drafting compliance policies.
* Experience with regulatory exams, ideally for electronic money service businesses, payment service providers, or money transmitters.
Skills and Abilities:
* Strong communication and negotiation skills.
* Excellent problem-solving and attention to detail.
* Ability to analyse compliance risks and recommend controls.
* Executive presentation and project management skills.
* High energy, intellectual agility, creativity, and entrepreneurial spirit.
* Ability to work within a matrixed environment and influence senior positions