Compliance Consultant (Payments)

Ocorian Group; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a motivated compliance practitioner to join its Payments Practice. This role offers a unique perspective on the payments industry, focusing on client delivery and business development. You'll provide high-quality regulatory advice, assist with compliance frameworks, and contribute to innovative fintech solutions. Join a collaborative team dedicated to helping clients navigate complex regulatory landscapes while fostering your professional growth in a dynamic environment. This opportunity promises to enhance your career while making a significant impact in the financial services sector.

Qualifications

• 3+ years experience in payment services or e-money compliance.
• Thorough understanding of FCA regulations for payments sector.

Responsibilities

• Provide regulatory advice and support for compliance matters.
• Assist in business development and client servicing.

Skills

Regulatory Compliance

Client Relationship Management

Market Research

Technical Research

Education

Bachelor's Degree

Tools

Microsoft Office

Job description

Fund services | Corporate | Capital markets | Private client | Regulatory & Compliance

We help clients succeed by unlocking new value through expertise, trust and scale. We deliver solutions that solve complex challenges faced by asset managers, financial institutions, corporates, high net-worth individuals and family offices.

With a curious mindset, we ask the right questions to get to the right solution, faster. We collaborate to win together, sharing successes and shaping the future of our global business. Our culture of support and recognition provides the tools and opportunities for you to grow, while unlocking the most value for our clients and making your mark withOcorian.

Expertise:We deliver specialist, tech-enabled solutions for our clients grounded on deep industry expertise.

Trust: We’re a trusted partner to over 8,000 clients globally. We are proud to have long-lasting partnerships with our clients.

Scale: With more than 1,500 colleagues, we operate across 20+ countries, our scale enables us to support our clients globally and locally, providing a seamless client experience across borders and service lines.

Job Description

Purpose of the Job

Providing specialist regulatory advice to clients and supporting the delivery of complex regulatory implementation projects. Helping to maximise our presence within the industry to secure new clients and business opportunities.

Main Responsibilities

You will be an integral part of the Payments Practice whose clients range from UK based SPIs to international EMIs and FMIs providing innovative fintech solutions. The role will be varied and challenging, enabling you to see the payments industry from a unique perspective as part of a flexible consulting team. Your core responsibilities will be focused on client delivery and servicing as well as business development. This will involve the timely provision of regulatory and compliance advice and guidance, participation in marketing and business development, technical research, producing technical materials and supporting RegTech solutions.

The role provides an opportunity to contribute to the continuing growth of the Payment Practice and you will also gain exposure over time to other sectors through cross-practice collaboration initiatives.

Client delivery and servicing

• Providing high quality advice and support to clients on a range of regulatory compliance matters – this may include:
  • Assisting with compliance framework design, regulatory reviews and compliance monitoring;
  • Responding to ad-hoc and routine queries from a portfolio of clients;
  • Developing training materials and assisting with the delivery of training sessions and workshops;
  • Assisting with authorisations, registrations, variations of permission and changes in control;
  • Drafting and maintaining policies, procedures and other compliance documentation;
  • Actively partnering with global teams and other practices to support and deliver on shared projects and responsibilities;
• Having a client centric approach in order to retain existing business, developing a thorough understanding of clients’ businesses and requirements to enable you to provide relevant and accurate advice, growing business through identifying upsell opportunities from your knowledge of the client, and identifying cross sell opportunities into Bovill Newgate and the wider Ocorian Group from your work; and
• Keeping abreast of regulatory developments and understanding how client activities may be impacted – this may involve being proactive in updating clients and colleagues on relevant regulatory changes and industry news.
• Support payments and e-money related revenue growth from ongoing support, project work, regulatory transactions and by contributing to the development of new product and service offerings;
• Building and maintaining professional working relationships with clients, trade bodies and the regulator(s);
• Actively seeking to increase our pipeline by performing market research and identifying new target client prospects, as well as leveraging existing client relationships to maximise opportunities for up-selling and cross-selling;
• Representing the firm at industry events, promoting the Bovill Newgate brand;
• Participating in internal events and training sessions such as client briefings and roundtable events aimed at compliance professionals; and
• Assisting the team with marketing and business development activities – this may involve writing articles for the website and social media, and preparing proposals, draft engagement letters and marketing materials.

Qualifications

Knowledge, skills and experience

You are a highly motivated individual with an appetite to keep learning and who thrives in a fast-paced, high-pressure environment. You will have commercial acumen, the ability to spot new opportunities and develop them, an entrepreneurial mind-set, a willingness to be hands-on and to tackle a broad range of matters outside main areas of expertise, and a proven ability to manage your own workload and cope with the ‘peaks and troughs’ associated with professional services.

Qualifications and experience

• You are likely to have a degree and at least three years’ relevant experience as a payment services and / or e-money related compliance practitioner gained at a PSP, EMI, and / or at the regulator, legal or other professional services company;
• You need to have a thorough understanding of the FCA regulations and expectations for the payments sector, good technical knowledge and experience of advising payment services and e-money firms, and experience translating regulatory rules and guidance into meaningful, fit-for-purpose and pragmatic solutions for clients;
• You will need to have proven knowledge and experience of the PSRs, EMRs, PSD2, FCA Handbook, FCA Approach Document, and relevant FCA and EBA Guidelines, along with a good understanding of the business issues and the key regulatory challenges faced across the payments and e-money sector, including areas of supervisory focus;
• You also need to have some experience of managing client relationships and projects – this means you are expected to have exceptional written and oral communication skills, the ability to confidently interact with key stakeholders and the ability to prioritise multiple projects and engagements whilst meeting tight deadlines;
• Having knowledge and experience of non-UK and non-EU payment services and e-money regulatory regimes would be an advantage; and
• Having excellent Microsoft Office skills would also be an advantage.

Additional Information

All staff are expected to embody our core values that underpin everything that we do and that reflect the skills and behaviours we all need to be successful. These are:

• We areCLIENT CENTRIC– Clients are at the centre of our world, and we’re committed to providing expertise and specialist solutions to meet their most complex challenges.
• We are AMBITIOUS– We aim high. We think and act globally, seizing every opportunity to delight our clients and support our colleagues - wherever in the world they may be.
• We are AGILE– We act on our initiative to get things done for our clients. Our independence gives us the flexibility and freedom to keep things simple, efficient and effective.
• We are COLLABORATIVE– With a curious mindset, we ask the right questions to get to the right solution, for our clients faster. We collaborate to win together and share our successes.
• We are ETHICAL– We behave with integrity at all times and assume positive intent, buildingtrust through responsible actions and honest relationships.

Equal Opportunities for Everyone

Please let us know if there’s anything we can do to make the process easier for you. You can reach us at [emailprotected] .

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.