Compliance and Risk Specialist

Lightyear Entertainment; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An innovative firm is seeking a Compliance and Risk Specialist to enhance their risk management and compliance efforts. This role involves supporting various teams to identify and mitigate risks while ensuring compliance with regulatory standards. You will be instrumental in developing a robust risk and controls framework, conducting compliance monitoring, and performing regulatory gap analyses. With a competitive startup package and a flexible work environment, this is a fantastic opportunity for someone passionate about making a difference in the financial services sector. Join a dynamic team that values collaboration and continuous learning!

Benefits

Tax-advantaged EMI stock options

Flexible working hours

Remote work flexibility

Private health insurance

Enhanced parental leave

Free tea, coffee & snacks

Dog-friendly office

Quarterly international team events

Qualifications

• 3+ years in compliance, risk management, or auditing in financial services.
• Ability to design and implement compliance and risk controls.

Responsibilities

• Support development of risk and controls framework.
• Conduct compliance monitoring and provide expert guidance.
• Perform gap analysis on regulatory publications.

Skills

Compliance Management

Risk Management

Auditing

Legal Knowledge

Data Analysis

Collaboration Skills

Regulatory Knowledge

Education

Bachelor's Degree in Finance or Related Field

Tools

FCA Handbook

Job description

About Lightyear

We’re on a mission to make investing better for everyone in Europe. More specifically, we’re making it light years better (sorry… we had to!). We’re combining multi-currency accounts with unlimited access to global markets so that everyone in Europe can invest without sneaky hidden fees or unnecessary barriers.

Over the last 3 years, we’ve grown from being just an idea to a regulated business in both the UK & the EU, launching in 22 countries and raising $35M along the way. And we’ve hired a team of 60+ people from some of the best fintechs and startups in Europe.

We’ve got a stellar group of investors behind us including Lightspeed Venture Partners, Sir Richard Branson, Mosaic Ventures, Taavet Hinrikus, Jaan Tallinn, Sten Tamkivi, Eileen Burbidge as well as a host of angel investors. In 2022, we raised a $25M Series A round and have been covered in CNBC, TechCrunch, Business Insider and City AM.

What you will do

As a Compliance and Risk Specialist, you will provide day to day support and assurance to different first line of defence teams in the organisation (brokerage and customer operations, product and engineering, communications and growth) to help them identify, manage and monitor risks and design efficient controls to mitigate these, aligning it with our risk profile. You will be conducting regulatory horizon scanning, financial promotion and product approvals and compliance monitoring , using data to measure those results, evaluating potential weaknesses in the controls in place, and leading drawing up remediation plans.

• Supporting the continued development and implementation of our risk and controls framework, ensuring risks are identified, managed and mitigated according to our risk appetite in a timely manner while offering assurance that requirements are being met;
• Running a risk-based compliance monitoring plan, conducting monitoring activities over different parts of the organisation and providing expert guidance and support to ensure controls are effectively designed and properly executed;
• Identify, review, interpret and perform gap analysis on regulatory publications relevant to the firm’s activities;
• Assisting the firm where required with regulator requests, internal and external audits and partner due diligence requests, and conducting due diligence on our partners;
• Raising awareness and knowledge of risk management and compliance in the organisation by managing the training of staff and maintenance of internal policies.

Requirements

• 3+ years of experience working in compliance, risk management, auditing, legal or related areas in financial services;
• Previous experience of or keen interest in learning how to design and implement compliance and risk controls and processes;
• Exceptional written and spoken English;
• Excellent collaboration and consulting skills, ability to dive deep into various topics, extract insights, create structures and build consensus;
• Familiar with navigating the FCA handbook, particularly PRIN2A, COBS and SYSC. Knowledge of CASS is a plus;
• Ideally, self-sufficient in using data to make decisions and measure results.
• Having worked in a startup environment is a plus;
• Having worked with operations, product or engineering teams on launching new products or markets is a plus;
• An understanding of the investment world is preferred, but it’s not required. A willingness to learn about it is a must, though!

Benefits

A competitive startup package including tax-advantaged EMI stock options that vest monthly after a one-year cliff

Offices in central London (Old Street)

Flexible working hours

A flexible approach to working remotely

Private health insurance

Enhanced parental leave

️ All the usual office facilities, including free tea, coffee & snacks

Dog-friendly office (20% distracting, but 100% cute: see here)

Quarterly international team events