Head of Regulatory Compliance, Equals
More information about location
2-3 days a week in office
Payments, cards, and expenses, made simple
Be an early applicant
Payments, cards, and expenses, made simple
201-500 employees
Be an early applicant
More information about location
2-3 days a week in office
201-500 employees
Company mission
To make money management as simple as possible for their customers.
Role
Who you are
- You will have an extensive experience in the financial services industry, particularly in the payment/e-money services sector
- Minimum 10 years of professional experience in Compliance and/or Legal function with at least 5 years in an Head / Lead-level role in the financial services industry
- University degree (at least Bachelor’s level) in Law, or a professional Compliance qualification, such as CISI or ICA RC certifications etc
- Extensive practical knowledge of the UK and EU legal-regulatory framework(s) as well as of other relevant jurisdictions
- In-depth understanding of the Payment Services Regulations (PSRs), Electronic Money Regulations (EMRs), PSD2, GDPR and MiFID2 regulatory frameworks
- Proven experience in heading/leading Regulatory Compliance and/or Legal function within the financial services or payments industry with a focus on multi-jurisdictional compliance
- Exceptional leadership, communication and stakeholder management skills
- Strong understanding of Compliance Risk Management and Corporate Governance frameworks applicable to the UK and EU regulated entities
- Proven track record of dealing with and maintaining relationship with regulatory authorities
- Extensive experience of drafting, implementing and maintaining Regulatory Compliance policies and procedures
- Strong analytical and problem-solving skills, with an ability to promote the Regulatory Compliance agenda and foster a robust risk compliance culture across the business
- Meticulous attention to detail and organisational capabilities
- Experience working in a fast-paced environment with a focus on execution
- Embody equals group’s values
What the job involves
- You will be responsible for ensuring the Equals Group meets all its legal and regulatory requirements, and implementing and maintaining a robust risk and compliance infrastructure
- This senior role will oversee regulatory compliance area across various jurisdictions, including the UK, EU and USA, will act as a key point of contact with regulators, and embed a culture of compliance throughout the organization
- You will report directly into the Chief Compliance and Risk Officer (CCRO) for the Equals Group and will be responsible for the Regulatory Compliance function to ensure a robust application of regulatory rules and compliance controls, operating under the 2nd line of defence, as part of Global Risk and Compliance function
- Working with the Group CCRO, you will develop and implement a comprehensive Regulatory Compliance strategy that aligns with the business objectives and regulatory requirements
- You will use opportunities for strengthening processes and controls and strive to implement and build systems and procedures that support a strong compliance culture
- You will be responsible for ensuring the Regulatory Compliance roadmap and strategy is delivered to a high standard and within relevant timelines with the assistance of the Regulatory Compliance team
- You should be able to influence stakeholders to promote the compliance agenda and can motivate and inspire the team members to perform to a high standard
- Regulatory change will be a key focus area for you in this role, and as such you will follow new developments and trends in the regulatory landscape impacting payments firms and advising other areas of the business and key stakeholders on the changes
- Ensure the Equals Group is operating in accordance with all legal and regulatory requirements
- Lead a team of Regulatory Compliance subject matter experts and support the ongoing development of Compliance staff
- Execute the delivery of the Regulatory Compliance strategy and roadmap
- Support the Group CCRO and MLROs in the delivery of their prescribed responsibilities and deputise the CCRO as assigned
- Identify regulatory issues, challenges and recommend remedies to promote compliance
- Review and preparing responses to regulatory authority requests and notices
- Provide independent 2nd line ‘review and challenge’ to Equals Group’s business units, adopting the ‘advise, train and monitor’ 2nd line model
- Provide high quality Regulatory Compliance advice and guidance to the business on all regulatory matters
- Establish and develop regulatory engagement in relevant markets where Equals Group has or is seeking to establish a presence
- Work closely with the other colleagues in the Global Risk and Compliance function and with the senior management and all stakeholders
- Coordinate Equals Group’s initial responses to regulatory change matters, consultation papers, and advise on the changes to processes where relevant
- Develop regulatory training materials and plan in relation to policies owned by Regulatory Compliance
- Keep up to date with legal and regulatory changes and prepare implementation plans as needed
- Identify and mitigate the risks of non-compliance with regulatory requirements and implement adequate tools and controls to reduce Equals Group’s exposure to any regulatory risks
- Oversee the identification and resolution of regulatory incidents as well as report relevant incidents to regulatory authorities as applicable
- Attend and provide reports to relevant Risk Committees as required ensuring the highest reporting standards are maintained
- Promote the adoption of a culture that prioritises good customer and regulatory outcomes across the organization
- Manage and develop relationships with external advisors
Salary benchmarks
Our take
Born in 2005 out of a desire to use technology to give customers a better deal, Equals' mission is to make money simple for everyone. Founded under the name "FairFX", Equals has been helping customers move and manage their money for years. The company consists of three brands, all working together to provide financial solutions for personal and business customers alike.
Having started as a foreign exchange platform, Equals is evolving into a broader money management platform, moving from originally international payments and travel money towards integrated money management solutions for consumers and businesses. The company covers a number of elements: travel, business expenses, personal finance, and payroll.
Equals has built great customer loyalty, strengthening its position in launching new products and helping it become a dominant force in the payments market. Looking to expand its financial services options for customers and secure its future, Equals agreed to an acquisition by embedded finance platform Railsr, which will be completed in the first half of 2025.
Freddie
Company Specialist at Welcome to the Jungle
Insights
5% employee growth in 12 months
Company
Company benefits
- Contributory pension
- Life assurance
- Health insurance through BUPA
- Our Employee Assistance Programme offers a 24/7 confidential advice line for health, bereavement and other areas of support
- 25 days holiday per year + your birthday off
- We are members of the cycle to work scheme
- We offer Season Ticket Loans
- Free onsite Nuffield Health gym & pool (London) and discounted gym membership elsewhere
- Interbank currency rates on travel money and international transfers
- Opportunities for progression, development and learning new skills
Company values
- Make it happen - We will own the outcome and execute flawlessly against our plans. We need to deliver our part, and influence others to deliver theirs
- Succeed together - We must pull in the same direction and bring out the best in each other. We need to communicate effectively and adapt together
- Be the customer - We should always be asking ourselves if what we’re doing is making our customers’ lives easier and helping them get more for their money
- Go beyond - We need to care for ourselves and each other, and push ourselves to excel. Every day is a new chance to grow and develop ourselves as well as those around us
Company HQ
City of London, London, UK
Articles
Leadership
Ian Strafford-Taylor
(CEO)Before launching Equals, Ian was one of the founders of FairFX and was appointed a Director in 2007, Ian has also held a number of senior banking roles at Morgan Stanley and UBS.
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