Chief Compliance Officer, Bits

Salary not provided

Plus participation in the options plan once it goes live

Expert level

London

4-5 days a week in office

Credit cards and more

Open for applications

Credit cards and more

21-100 employees

FintechB2CCredit ScoringMarketplacePersonal financeLending

Open for applications

Salary not provided

Plus participation in the options plan once it goes live

Expert level

London

4-5 days a week in office

21-100 employees

FintechB2CCredit ScoringMarketplacePersonal financeLending

Company mission

To help customers learn to manage credit.

Job

Company

Role

Who you are

10+ years of experience in compliance roles within the financial services or fintech industries
Proven track record of developing and implementing regulatory compliance programs
In-depth knowledge of relevant laws and regulations, including FCA guidelines and consumer protection laws
Exceptional leadership and management skills
Strong analytical and risk assessment capabilities
Excellent communication and interpersonal skills, with the ability to influence stakeholders at all levels
Strategic mindset with the ability to align compliance initiatives with business goals
Relevant certifications (e.g., CAMS, CRCP) are highly desirable
Ability to thrive in a fast-paced startup environment

What the job involves

We are looking for an experienced Chief Compliance Officer (CCO) to lead our compliance initiatives and oversee regulatory affairs at Bits
In this senior leadership role, you will be responsible for developing, implementing, and managing our compliance programs to ensure adherence to applicable laws, regulations, and industry standards
You will work closely with the executive team, including the Founder, to align compliance objectives with our business strategy and drive a culture of compliance throughout the organization
The ideal candidate has extensive experience in compliance within financial services and a deep understanding of regulatory requirements, including those relevant to fintech

Salary benchmarks

Our take

Oftentimes, the advice to those with low credit is to build it up with the careful use of high-interest credit cards. However, this comes with the obvious downside of being high risk as well as high reward. Bits, instead, helps people with low credit to improve their scores with a subscription store card that lets them access in-store savings while quickly raising their credit score.

Millions of people in the UK have difficulty accessing financial services due to their credit scores, so it is no surprise that a number of other startups like Pockit and Portify have emerged offering alternative products for this underserved group. Bits, however, stands out for its unique approach that doesn’t put people into any debt at all - with the company making no money on interest.

As Bits has grown, it has expanded its product and now reports to Equifax and TransUnion on top of Experian. Boasting 300,000 users and a strong rating on Trustpilot, it is clear the company has already made an impact and it will be interesting to see what it does in the future.

Freddie

Company Specialist at Welcome to the Jungle

Insights

Top investors

Trustpilot (4.7)

Company

Funding (2 rounds)

Sep 2020

$0.2m

SEED

Oct 2018

$0.2m

SEED

Total funding: $0.3m

Company HQ

London, UK

Leadership

Faisal Khalid

(Founder)

A Harvard graduate in Economics, Faisal has over a decade of experience in major payment companies such as American Express. More recently, they founded Paysnapp, an online payment service for low income migrant workers which was acquired by VFD bank.

Share this job