Compliance Officer, Railsr
6 Month FTC
+ Equity
Banking-as-a-Service platform
Be an early applicant
Banking-as-a-Service platform
101-200 employees
Be an early applicant
+ Equity
101-200 employees
Company mission
To make finance an amazing experience everywhere in the world.
Role
Who you are
- Be a team player. As you will be at the forefront of key decision making you will need to work with many different stakeholders. This will require you to respect and listen to their points of view
- Be comfortable working as an individual and taking ownership of your tasks as well as their prioritisation
- Have a pragmatic and practical mindset
- Having previous experience in working in e-money and similar FI Fintech platforms would be good
- Previous experience in regulatory compliance and executing a Compliance Monitoring Plan
- Have previous experience with complaints including investigations, resolution and root cause analysis
- Good IT skills
- Have a minimum 5 years of professional experience in compliance
What the job involves
- As a Compliance Officer, your duties will be varied but will mostly focus on ensuring the Firm's regulatory obligations and standards are upheld and you will be responsible, along with your colleagues in the Compliance team, to monitor and assess the Firm’s compliance with applicable laws and regulations and make timely and well-thought through recommendations for enhancement of associated processes and practices.
- You may also be required to assist in other areas of the business e.g. to implement regulatory change and/or regulatory initiatives , or assist our customer oversight supervision team concerning regulatory questions or queries raised by customers or by the team itself
- This role reports into our Head of Compliance
- Executing the Firm’s Compliance Monitoring Plan
- Drafting/updating policies and procedures
- Preparing FCA returns prior to their submission
- Conducting regulatory horizon scanning and highlighting any upcoming changes as well as their impact
- Acting as a point of contact for the Firm on any regulatory and/or compliance question or query
- Supporting the implementation of regulatory initiatives and/or regulatory change
- Communicate efficiently and clearly - the ideal candidate will be confident in delivering training sessions to multiple areas of the business. You will also have good communication skills
- Carrying out risk assessments where required and supporting in the Risk and Control Self Assessment Process
- Providing support, advice and guidance as well as conducting Quality Assurance on complaints handling and complaints resolution
- Developing and designing quantitative and qualitative risk-based Management Information
Salary benchmarks
Our take
As the digital economy has grown, so too has the market for 'Banking-as-a-Service' - the process of ensuring the overall execution of financial services over the web. As businesses expand online, they have opportunities to be able to build and sell various financial services or add fintech features to their existing products. Railsr (formerly Railsbank) facilitates companies doing this easily, where it would previously have been a huge undertaking.
Essentially, Railsr is making financial services more inclusive. Previously, the complexities of legacy technology, managing global compliance and ancient bank processes have created a slow, complex and costly experience for customers. Now, through Railsr's Open Banking Platform and APIs, financial innovators have the means of creating the financial services, products and experiences their clients want.
In 2022, shortly after becoming Railsr, the company benefitted from the embedded finance boom and raised a large funding round to support its ongoing expansion efforts. Early in 2023, however, the company had to undertake an emergency sale and shift of control - though it seems to have remained positive throughout, citing the sale as a "pivotal moment" that will enable it to "rebuild momentum, drive change and return Railsr to growth."
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 8 rounds)
Oct 2023
$24m
GROWTH EQUITY VC
Oct 2022
$26m
SERIES C
Total funding: $171.2m
Company benefits
- Work from home opportunities
Company values
- Excellence
- Accountability
- Diversity
- Work/Life Balance
- Trust
- Fun
- Inclusivity
- Friendship
- Noble Cause
- Respect
Company HQ
Holborn, London, UK
Articles
Leadership
Philippe Morel
(CEO, not founder)Was the CEO of SETL for four years. Previously Principal Investment Leader (EMEA) at Boston Consulting Group.
Diversity, Equity & Inclusion at Railsr
- Here at Railsr we make it a priority to ensure that our company is diverse and inclusive. Not simply because it’s the right thing to do, but because statistics prove that it creates a working environment which is safer, happier and more productive for everyone.
- We’re passionate about promoting gender, physical, ethnic and cultural diversity in our workplace. And we’re committed to helping every team member establish a sense of belonging and connection to our organisation, so that they can be truly their best self at work every day
- We regularly take time to honestly review our entire end-to-end employee experience. From sourcing, hiring and onboarding our staff, through to team-building, performance reviews, succession planning and mentoring, we consider every aspect to make sure we’re continuing to promote inclusivity, whilst measuring the impact of our approach.
- At Railsr you’ll find a diverse group of motivated individuals, with a shared entrepreneurial spirit and a start-up mentality. With 450 new team members from 39 nationalities having joined us in the past two years, we’re proud of our team and of the uniquely welcoming and supportive working environment we’ve created together.
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