Compliance Manager, Lemfi
International payments service
Job no longer available
International payments service
201-500 employees
Job no longer available
201-500 employees
Company mission
To improve the financial lives of the next generation of immigrants.
Role
Who you are
- In this role, you should have a demonstrated advanced knowledge of the AML/CTF compliance program requirements as set forth by Central Bank of Ireland as well as regulations and requirements. Previously holding a PCF role is mandatory
- Additionally, you should have standard knowledge of global AML/CFT compliance program requirements and best practices with, at minimum, 5 years in a senior or management compliance role
- The ideal candidate should have advanced experience with regulatory registration and licensing requirements, including drafting and procuring the necessary compliance documentation to help LemFi stay compliant with Ireland and EU AML regulations
- 5-7 years’ experience in a senior or management compliance role at an Irish-based fintech or financial institution
- Previous PCF approval
- Experience with mentoring, training and managing compliance staff and driving forward operational improvements
- Direct experience and familiarity with regulatory communications and licensing/registration efforts with Central Bank of Ireland and any other EU
- Comprehensive knowledge of Irish regulatory environments, developments, and registration requirements
- Excellent analytical, research, verbal and written communication skills
- Adaptability to global operational needs and ability to work in a rapidly changing business and regulatory environment
- Ability to thrive as part of a team and be an empowering, constructive and considerate colleague
- Data and analytical skills, including proficiency with Microsoft Excel and the ability to perform data analysis
- Ability to learn new technologies and systems
- CAMS certification (or equivalent) is a plus
- Proficiency in a foreign language is a plus
What the job involves
- As LemFi’s designated Compliance Officer in Ireland, this role will be responsible for the company’s compliance with all AML and compliance-related requirements under the laws within Ireland and EU
- Ensure LemFi’s products and services fit the regulatory landscape
- Spearhead the effort in maintaining or obtaining the necessary regulatory registrations or licences, including conducting research for strategic compliance purposes
- Serve as the company’s leading AML regulatory expert in Ireland
- Oversee the implementation of new regulatory requirements as they arise (EU and Ireland)
- Serve as the liaison to national regulators or law enforcement authorities, including managing and handling law enforcement requests
- Maintain the relationships with Irish banking or payments partners and ensure cooperation with any partner obligations including, but not limited to, periodic filings and reports as required by a partner
- Maintain the Irish AML compliance program, and ensure its alignment with LemFi’s global AML policy and existing enterprise operations
- Develop and maintain the regional AML risk assessment to identify key risk indicators, and assist LemFi in preparing for and mitigating these risks
- Contribute to MIS reports for the Senior Executive team, regular updates to the Board of Directors, and any other crucial ad-hoc updates or guidance to these parties
- Maintain responsibility for the submission and oversight of any relevant regulatory reports/ad hoc filings, transaction reporting, STR filings, and any other reports, or filings needing submission to the relevant authorities or partners in Ireland
- Spearhead and manage regulatory or independent AML audits in Ireland
- Ensure compliance policies, procedures, trainings, and other relevant documentation align with regional AML requirements
- Manage and guide compliance staff, particularly those assigned with Ireland-related compliance responsibilities
- Engage in cross-functional responsibilities and assist the Regional Compliance where needed
Our take
LemFi, previously known as Lemonade Finance, is a fintech platform addressing the challenge of accessing reliable financial services faced by millions of immigrants worldwide. By offering quick onboarding and a multi-currency offering, LemFi allows its users to send, receive, hold, convert, and save in both their country of origin and residence currencies.
Recognising the limitations faced by traditional banks and neo-banks, LemFi offers instant international transfers at favourable exchange rates with no transfer fees. Initially launched in Canada, growing demand for the company's services has allowed it to expand to the UK, and broaden its African payment channels.
The company has secured good funding from prominent investors like Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree. With plans to expand its product offering across the globe, LemFi will further its mission of providing accessible and transparent financial services to migrant communities worldwide.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company HQ
Westminster, London, UK
Leadership
Ridwan Olalere
(Co-Founder & CEO)Ridwan is also the Founder of forLoop Africa. Previously, he served as the Country Manager of Uber Nigeria and worked as a Software Developer at Flutterwave, Hotels, Novatia, and NextMynds.
Rian Cochran
(Co-Founder)Rian was previously a Financial Director at Opera Software, Powerbets Holdings, and OPay.
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