Compliance Lead & MLRO, Cheddar
£45-60k
+ Share Options
Award-winning consumer finance app powered by open banking
Job no longer available
Award-winning consumer finance app powered by open banking
1-20 employees
Job no longer available
£45-60k
+ Share Options
1-20 employees
Company mission
To help everyone become financially better off by creating the world's most advanced debit ecosystem.
Role
Who you are
- We’re looking for talented individuals who share our core principles to join our award-winning team
- 2+ years of experience in an open banking firm, or similar e-money/payments industry with experience to operate at a compliance lead, MLRO or Deputy MLRO level
- 2+ years of people management experience
- Operational knowledge in building and running a sound compliance programme, with hands-on knowledge and an understanding of regulatory requirements in the UK
- Demonstrated ability to communicate effectively with senior management and third-party stakeholders
- Ability to build collaborative working relations with peers, colleagues and with remote based teams with individuals at all levels of the organisation
- Experience with data visualisation tools
What the job involves
- As part of a dynamic team, you'll create services that will deliver tangible benefits to millions
- Collaborating with some of the brightest minds in tech, with experience directing some of the World's most successful and innovative companies, you'll help launch, scale and continually evolve our suite of finance tools that exceed our customers' expectations
- Cheddar is authorised and regulated by the Financial Conduct Authority with permissions to conduct Payment Initiation Services and Account Information Services. We are directly authorised and do not act as an agent to any third parties
- As MLRO & Compliance Lead, you'll oversee and manage our regulatory requirements in relation to these permissions, including:
- Drive a culture of compliance across the business with a focus on the voice of the customer
- Continually review and develop AML and financial crime processes, and ensure the implementation and appropriate controls that reflect evolving business and regulatory requirements
- Be a key stakeholder in the delivery of new products and processes as the voice of compliance and the customer
- Facilitate risk-based Know Your Customer and Transaction Monitoring programmes to detect unusual activity and investigate and report suspicious activity in accordance to regulatory requirements
- Build relationships with relevant authorities, payment schemes, and regulators to ensure we operate according to the latest Financial Crime trends
- Ensure accurate responses and reports to the Regulator (FCA)
- Manage UK operations, including training plans, tracking team and individual Key Performance Indicators (KPIs), and Key Risk Indicators (KRIs) for the programme
- Work with senior management and our compliance consultants to provide strategic planning, organisational structure, focus areas, and quarterly goals and key results
- Work with all relevant partners, financial institution partners, finance networks and regulatory authorities
- Conduct compliance review and analysis of new regulatory developments and maintain oversight of developments affecting business activities
- Prepare reports to senior management and Board of Directors to communicate all relevant compliance issues and escalate any important or high risk compliance issues
- Work cross-functionally (such as Product, Development, Customer Service) to identify clear steps necessary to avoid regulatory risks and provide solutions
Application process
- 1. Apply via Otta
- 2. Successful applications will have a call with the co-founders
- 3. A short, compliance task assessment
- 4. Meet the wider team
- 5. Job offer
Salary benchmarks
Our take
Cheddar is a free, person-to-person payments app that enables users to request, receive and send money instantly. Users only need to connect their existing bank accounts to make and take direct payments through their phone.
The team has experience at existing payment platforms such as Shopify and Fibonatix, which they will be able to leverage in order to differentiate themselves from the increasing numbers of payments solutions popping up.
Headquartered in London, Cheddar's 2022 funding is being invested into attracting and hiring new talent, whilst partnerships with high-profile companies such as JustEat will help it gain visibility on the market.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Meaningful equity in the organisation
- Latest Macbook
- Flexible vacation policy (28 days / year)
- Learning & development budget
- Flexible work hours as we're all adults. Work 8-4, 9-5, 10-6...whatever is needed to ensure you're productive and stuff gets done to drive success.
Company HQ
Shepherd's Bush, London, UK
Leadership
Tariq Zaid
(Co-Founder)Former Director of Strategy and Product at Shopify, and Managing Director at GetAround.
Luke Ladyman
(Co-Founder)Entrepreneur across industries, including management consultancy driving GTM at global and start-up brands (including Moleskine, Guess, Ferrari).
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