Head of Compliance

Moneybox; Greater London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A fast-growing financial services startup is seeking a senior compliance professional to lead the Compliance team. You will be responsible for ensuring compliance with regulatory requirements and managing cross-team collaborations. The ideal candidate has over 10 years of experience in financial services compliance, a deep understanding of FCA regulations, and exceptional stakeholder management skills. This role offers a hybrid working environment and numerous employee benefits, including a company pension scheme and private medical insurance.

Benefits

Company pension scheme

Hybrid working environment

Home office furniture allowance

Personal Annual Learning and Development budget

Private Medical Insurance

Health Cash Plan

Cycle to work scheme

Wellhub subscription

Enhanced parental pay & leave

25 days holiday + bank holidays

Qualifications

• Minimum 10 years of experience in financial services compliance.
• Extensive knowledge of UK regulatory requirements.
• Proficient in stakeholder management and communication.

Responsibilities

• Lead and support the Compliance team in assurance activities.
• Drive improvements in regulatory compliance delivery.
• Manage relationships across all business teams.
• Provide regulatory input and advice for key business decisions.

Skills

Stakeholder management

FCA regulation knowledge

Team leadership

Effective communication

Problem-solving

Job description

Overview

We are looking for a senior, experienced compliance professional to run Compliance at Moneybox. You will report to the Risk & Compliance Director (SMF 16) and work alongside the Data Protection, Financial Crime and Risk teams that make up the Risk & Compliance function.

The Compliance team is responsible for both compliance advice and second line assurance, with regards to all our products regulated by the Financial Conduct Authority (FCA). Your role is to ensure this is delivered effectively, efficiently and pragmatically, as well providing your own advice to and oversight of the business. Stakeholder management and leading the team to work in a curious and collegiate way with other teams is a key aspect of this role. You’ll also need to have experience, and be confident, in reporting at the most senior levels of the business, including the Executive Committee and Board, as well as interacting with the FCA as required.

What You’ll Do

• Working closely with the rest of the Risk & Compliance team, you will help Moneybox build a fantastic business that delivers great customer outcomes and give our customers confidence in their decisions. You will be involved in, but not limited to, these duties:
• Lead the Compliance team and be an engaged member for the Risk & Compliance leadership team, sharing information and coordinating work across Risk & Compliance
• Be responsible for all aspects of Compliance activity at Moneybox, managing, overseeing and supporting the team to plan and deliver assurance activities, provide pragmatic advice at pace, and carry out broader Compliance activities (e.g. horizon scanning, regulatory reporting, training, etc.)
• Drive constant improvements in how Moneybox delivers regulatory compliance, through the how the Compliance team work, how we interact with other teams, and support those teams in their consideration, measurement and monitoring of compliance and customer outcomes
• Manage senior Compliance experts, including those that manage more junior members of the team
• Provide advice, challenge and input to key decisions which require regulatory input
• Manage relationships across almost all teams in the business
• Lead on Compliance reporting to the Risk & Compliance Director and relevant committees, including the Product Governance Committee, Executive Committee and Board Risk Committee
• Keep up to date with regulatory developments and initiatives impacting your responsibilities

Who you are

• A driven, motivated person who’s looking for a senior role at an exciting, fast-growing company that’s trying to make a positive mark on the world
• An expert in stakeholder management, able to present, discuss and persuade at the highest levels of the organisation
• An authority on FCA regulation, specifically the areas that affect Moneybox products, regulatory perimeter, threshold conditions and governance
• Apt at balancing, prioritising and overseeing the responsibilities of the Compliance team to support the business, including advisory, monitoring and regulatory change activities focused on people: able to effectively manage and develop a team; able to empathise with our customers and how actions or incidents will affect them
• Your communication style should be calm and clear, with the ability to cut through complexity to explain and focus on the key elements of problems
• Organised, diligent and pragmatic with a strong bias for action
• Has a questioning mind, and can work collaboratively to solve problems pragmatically.
• Able to adapt quickly and manage conflicting priorities
• Takes a methodical, investigative approach to make good judgements
• Unafraid to take on new obstacles, developing deep knowledge in new areas
• Knows how to have fun whilst maintaining a professional outlook

Experience and Skills

• Experience in leading, managing and developing compliance teams; minimum 10 years in financial services compliance
• Extensive knowledge of UK regulatory requirements relevant to Moneybox; able to work with, support and hold to account experts across the Compliance team
• Experience working directly with a broad range of teams, and particularly with product development teams
• Great communication and listening skills
• Fluency in English

What’s in it for you?

• Opportunity to join a fast-growing, award-winning and super ambitious startup
• Work with a friendly team of highly motivated individuals
• Be in an environment where you are listened to and can actually have an impact
• Thriving collaborative and inclusive company culture
• Company pension scheme
• Hybrid working environment
• Home office furniture allowance
• Personal Annual Learning and Development budget
• Private Medical Insurance
• Health Cash Plan - cashback on everyday healthcare like dental and opticians
• Cycle to work scheme - spread the cost of a new bike and accessories
• CycleSaver - save on bike-share subscriptions and have a more sustainable commute
• Wellhub subscription to a variety of gyms and wellbeing apps
• Enhanced parental pay & leave
• 25 days holiday + bank holidays with additional days added with length of service.