Compliance Officer, Raisin
Open banking for deposits and savings
Open for applications
Open banking for deposits and savings
501-1000 employees
Open for applications
501-1000 employees
Company mission
To break down barriers and facilitate a transparent single market for savings and investment products.
Role
Who you are
- University degree in Business Administration or law or another relevant discipline
- Proficiency with the relevant laws/regulations for this position (§§ 3, 4 Nr. 4, 6 WpHGMaAnzV; BT 1.3.1.3 MaComp)
- Strong communication and interpersonal skills to collaborate effectively with internal and external stakeholders
- European and German legal provisions to be complied with by the Bank when providing investment services and ancillary investment services
- Administrative regulations issued by the Federal Financial Supervisory Authority BaFin as well as knowledge of the relevant ESMA guidelines and standards
- All types of investment services and ancillary investment services provided by the Bank and the risks they entail
- The functioning and risks of the types of financial instruments in which the Bank provides investment services or ancillary investment services
- Requirements and design of appropriate processes of investment service providers to prevent and detect violations of regulatory requirements
- Tasks, responsibilities and powers of the WpHG compliance function and the WpHG compliance officer
- Organizational structure of supervisory authorities, about the identification of conflicts of interest and their causes, different possibilities to design sales organisations, and the organizational setup of securities service providers in general
What the job involves
- Assumption of the WpHG-Comliance Officer function of the bank
- Excercise oversight and monitoring of the governance, policies and processes as well as the overall quality of the investment services business of the bank
- Provide advice to the bank including support for staff training, day-to-day assistance for staff and participating in the establishment of new policies and procedures within the investment services business
- Setup, maintenance and execution of the risk analysis and the control plan with investment services business
- Interaction with internal and external auditors as well as supervisory authorities (BaFin)
- Ensure that conflicts of interest are prevented or that unavoidable conflicts of interest are adequately safeguarded
- Supervision of training and suitability of personnel within the custody and digital wealth management business of the bank
- Reporting to the management and supervisory board
- Ensure compliance with requirements for the WpHG compliance function according to Art. 22 (2) MiFID-2, BT 1 MaComp and other relevant laws and regulations
Our take
Raisin is transforming open banking in the deposits and investments sector, leveraging its infrastructure to benefit bankers and savers in the global $50+ trillion deposit market. The company operates several B2C platforms, including Raisin, WeltSparen, Savedo, and ZINSPILOT in Europe and the UK, and SaveBetter in the US.
Raisin collaborates with around 400 banks globally, serving over 550,000 direct consumers. Backed by PayPal, Deutsche Bank, and Goldman Sachs, Raisin plans to expand further. Recently, Raisin launched its deposits platform in Poland, connecting Polish savers with European banks via its cross-border savings technology. This platform simplifies access to diverse deposit products across Europe, enhancing safety and convenience.
In late 2023, Raisin announced it had reached €50 billion in assets under administration, with significant growth in markets like Germany, the UK, the Netherlands, and the USA, and over €1 billion in net inflows each quarter in 2023.
Freddie
Company Specialist at Welcome to the Jungle
Insights
12% employee growth in 12 months
Company
Funding (last 2 of 11 rounds)
Mar 2023
$68.3m
LATE VC
Jan 2022
$34.2m
CONVERTIBLE
Total funding: $313.3m
Company benefits
- Visa & Relocation Support
- 1,700 EUR Training Budget
- Free Choice of Hardware
- Beginner German Classes
- Food & Drinks
- Flexible working hours, home office and 28 vacation days
- Subsidised Urban Sports Club Membership
- Company Pension Scheme
- Team Events
Company HQ
Wrangelkiez, Berlin, BE
Leadership
Tamas Giorgadse
(CEO)Previously served as a Partner at McKinsey, and is a Non-Executive Board Member of the Bank of Georgia.
Dr Frank Freund
(CFO)Previously worked as a Senior Consultant at McKinsey.
Michael Stephan
(COO)Previously worked as a Consultant at McKinsey.
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