Compliance Manager, Upvest
United Kingdom
Investment API
Open for applications
Investment API
101-200 employees
Open for applications
101-200 employees
Company mission
Upvest's mission is to make investing as easy as spending money and to enable businesses to build investment experiences their customers love.
Role
Who you are
- 4+ years of experience in financial services firms regulated by the FCA, covering functions related to securities trading Compliance and AML
- Demonstrable knowledge of UK regulations applicable to an investment firm, such as the FCA COBs rules as well as UK financial crime law such as POCA 2002 and the MLRs
- Ability to thrive in a fast-paced hybrid environment and learn quickly
- Passion about the future of fintech and desire to drive it from a front-row seat
- If you're someone who likes to build things from the ground up, enjoys being hands-on and wants to get more insight into the fintech space, this opportunity could be the one you've been looking for
What the job involves
- This position is based in the UK central london (hybrid), with some travel expected to the Upvest office in Upvest HQ in Berlin
- Working with Upvest teams toward full UK launch, uniting fast growth and compliance for Upvest and our clients
- Building an easily accessible investment product with regulatory excellence reaching 100m end users
- Develop Upvest Securities Ltd’s Compliance and AML function to the next level in close collaboration with the managing directors and the Upvest GmbH Compliance and AML team
- Our ambitions in the UK are substantial mighty
- With the FCA licence granted in September 2024, and go-live with our first clients planned for early this year, we are looking for an individual to manage the Compliance and AML-related activities within Upvest Securities Ltd, ensuring alignment with regulatory requirements and industry best practices
- Oversee the compliance strategy, implementation, policies and in-house controls to ensure adherence to FCA rules and related legislation and ensuring AML procedures and controls align with regulatory expectations
- Manage Suspicious Activity Reports, provide AML guidance & training, and maintain oversight of financial crime risks, including fraud and bribery
- Maintain compliant KYB/KYC processes on Clients and Vendors, and perform risk analysis at regular intervals and on an ad hoc basis. Establish compliance monitoring programmes and reporting
- Ensure that conflicts of interest are prevented or that unavoidable conflicts of interest are adequately taken into account
- Work in close cooperation with the Growth, Product and Operations departments to ensure compliance with internal standards and regulations, taking an active part in all new product processes
- Engage with the senior management, and external parties (e.g., FCA, auditors) to maintain effective communication and compliance alignment
- Create and maintain written policies and procedures to meet changing regulatory and business requirements, particularly by keeping abreast of legal and regulatory developments in the fintech space
- Conduct and maintain regular training and foster a compliance focused culture
- This role provides the right individual the opportunity to progress to a Senior Manager Function role i.e. Compliance Oversight Function (SMF16) and / or MLRO (SMF17) for Upvest Securities Ltd
Salary benchmarks
Our take
Upvest is a fintech startup that empowers financial services companies to provide their customers with access to a full range of financial assets, including stocks, ETFs and crypto products. Upvest's investment API integrates seamlessly with its customers existing systems and is designed to scale easily, freeing companies from the need to develop their own brokerage and custody infrastructure from scratch.
As one of the few companies in Germany that is licensed for both the custody of traditional securities and crypto, Upvest is able to provide its services across Europe. Its solution has been readily adopted by some major players in the space including Ginmon, Vivid and ABN AMRO.
Upvest is backed by a number of Europe's largest tech VCs (Earlybird, Notion Capital, Partech, HV Capital, ABN AMRO Ventures) alongside American investment monolith BlackRock. In 2023 it closed a VC investment round which the company has claimed is one of the largest in the German fintech arena. Its impressive capital raise will go some way to achieving Upvest's goals of profitability as it expands into the US market.
Steph
Company Specialist at Welcome to the Jungle
Insights
40% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Dec 2024
$105.1m
SERIES C
Oct 2023
$31.8m
LATE VC
Total funding: $197m
Company benefits
- Greenfield projects - We’re building something quite complex. A first in Europe. This means you get to work with cutting-edge technologies, with no legacy code.
- Wellbeing - Everyone here has access to our in-house coach. You can have regular sessions to support you personally and professionally. We also believe it’s important to have time out to rest and recover, which is why we offer 30 days’ holiday.
- Development - In keeping with one of our values, ‘Learn and grow’, every Upvenger has access to a development budget. And in line with one of our other values, ‘Own the outcome’, how you make the most of it is up to you.
- Flexibility - We work in a hybrid set-up, with the team spread around Germany and other parts of Europe. We give you the choice and budget to work where you’re most comfortable and productive, either at home or in the office. You choose.
Company HQ
Wrangelkiez, Berlin, Germany
Leadership
Martin Kassing
(CEO)They have experience in fintech, private equity and capital markets. Founded another fintech, Shop.co, which was acquired by Klarna.
Share this job
View 21 more jobs at Upvest