Head of Compliance and Risk, eToro
eToro Money
Office located in Canary Wharf, London
Social trading & investment network
Job no longer available
Social trading & investment network
1001+ employees
Job no longer available
Office located in Canary Wharf, London
1001+ employees
Company mission
To open the world's markets to everyone - everywhere.
Role
Who you are
- The person taking on this role will be someone who has worked with one of the larger banks, electronic money or payments institutions before and has a good understanding of what an optimal regulatory/risk framework looks like in today's regulatory environment, particularly in the context of innovative business models
- The preferred candidate is articulate, numerate and can grasp complex concepts with ease, all of which whilst working within a fast-paced and dynamic environment
- Priorities often change at the last minute and sometimes, information is required at short notice
- Strong knowledge of EMI/PSP/card issuing activities. Must have worked in such environments previously
- A subject matter expert in the Electronic Money Regulations, Payment Services Regulations, Money
- Previous experience (>5 years) as a Head of Compliance or equivalent senior-level position
- Experienced in building working relationships with the FCA and FOS
- Possess a deep understanding of regulatory frameworks, risk and risk management systems
- As well as being a subject matter expert in Payments and Electronic Money - a good understanding of the rules and regulations on the trading platform would be a bonus
- In general, be able to command respect and be seen as a source of knowledge in his/her particular discipline
- Experienced in filing regulatory reports
- Organised and articulate
- Be capable of showing an impressive track-record of having performed under similar situations in a fast-paced, multi-regulated, multi-asset environment
- Knowledge and experience of Operational Resilience and Conduct Risk management frameworks and best practice
- Strong communication and presentation skills; must be comfortable communicating with senior management and external advisers
- University-level education
- Ability to work under pressure in a constantly changing environment
What the job involves
- To support eToro Money’s rapid growth, we are looking for a hands-on candidate who will be responsible for providing Compliance and Risk oversight for our FCA authorised and regulated entity eToro Money UK
- Additionally, the candidate will support the eToro Money program in general (globally) and will act as a senior domain expert for e-Money regulation subjects within eToro
- The design and oversight of the regulatory risk and compliance monitoring programme
- Advising the Board and broader Group on complex regulatory issues
- Advising the Board on the regulatory landscape, including new and emerging developments
- Maintaining a positive and transparent relationship with the FCA
- Overseeing the drafting and ongoing maintenance of robust policies and procedures across the entire regulatory compliance domain
- Clients’ funds safeguarding (including chairing of the Firm’s Safeguarding Committee)
- Wind-down planning
- The submission of ad hoc & routine reporting to the FCA, including formal notifications (where required)
- The review and approval of financial promotions / marketing campaigns
- Supporting product development, including advising the Board on the use of the Firm’s EMI license to develop products and services
- Giving general compliance opinions/support
- Participating in Board of Directors meetings
- Advising the eToro Group on the development of e-money services in other geographies
- Working on compliance projects with 3rd parties, such as VISA, Mastercard and others
- Being a designated FCA approved EMD Individual
- Managing a small team of compliance professionals
- Due diligence and oversight of the Firms third-party relationships, including Banking and other critical services
Salary benchmarks
Our take
Investing used to be accessible only to financial experts, but due to advancements in open banking and fintech software development, the average person can now invest from their smartphone. However, this also makes users vulnerable to the high-risk nature of investing, resulting in a demand for easy-to-understand investment education.
eToro provides a social trading and investment platform, facilitating investment in the stock market, ETFs and index funds, cryptocurrencies and NFTs through a mobile application. In addition to providing these features, the platform also features a community-focused investment discussion board, a robo-adviser tool called CopyTrader, as well as investment education resources.
Whilst it is undeniable that the investment platform market has become highly saturated in the last few years, eToro has taken the unique angle of combining its trading platform with tools and resources that help to educate its users. Through this approach, the company aims to increase accessibility to smart investment strategies, whilst reducing the risk associated with investing as a non-expert.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-5% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Mar 2023
$250m
GROWTH EQUITY VC
Apr 2018
$50m
SERIES E
Total funding: $462.9m
Company HQ
Canary Wharf, London, UK
Leadership
Yoni Assia
(Co-Founder & CEO)Yoni has been a Board Member at Meitav Dash since 2013. Previously, they co-founded WiTech Communications where he served as the Development Manager for nearly 3 years.
Ronen Assia
(Co-Founder & Executive Director)Since co-founding eToro in 2007, Ronen has held several roles at the company, including VP of Product & Product Marketing and CPO, moving into the role of Executive Director in 2020. He is also a Managing Partner at Team8, a role he has held since 2020.
Share this job
View 2 more jobs at eToro