Head of Compliance & MLRO

ONMO; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading company in the financial sector is seeking a Head of Compliance to oversee compliance and ethics efforts. This role involves managing teams, ensuring regulatory adherence, and developing compliance frameworks. Ideal candidates will have extensive experience in compliance within regulated firms and a strong understanding of FCA requirements.

Qualifications

• Extensive experience leading compliance in a regulated financial firm.
• Deep knowledge of FCA requirements and regulatory frameworks.
• Experience developing compliance policies.

Responsibilities

• Lead and mentor compliance and financial crime prevention teams.
• Advise management and the Board on compliance matters.
• Ensure compliance with FCA, CMA, CCA, OFCOM, and OPBAS regulations.

Skills

Leadership

Communication

Knowledge of FCA requirements

Policy Development

Education

Degree-level education

Relevant technical qualifications

Job description

Job Description

About the Company

Onmo believes that everyone has the right to access, understand, and manage their money with confidence. Our ambition is to improve lives by providing better clarity, intelligence, and technology to empower individuals to make smart financial decisions. We are a young company with an incredible team and big ambitions for the future.

We design products to demystify money matters, giving customers more control and flexibility, helping them maximize their resources and enjoy life more.

About the Role

The Head of Compliance will ensure the effectiveness of the compliance function, hold SMF16, and oversee all compliance and ethics efforts. You will monitor, report, and guide the company’s compliance strategies, undertake internal assessments, identify risks, and work with teams to mitigate them.

You will also serve as Money Laundering Reporting Officer (SMF17), managing anti-money laundering activities and establishing a robust financial crime framework.

This role reports to the CEO and includes managing compliance and financial crime prevention teams.

Responsibilities

Management and Oversight

• Hold SMF16 and SMF17 roles.
• Lead and mentor compliance and financial crime prevention teams.
• Participate in and chair relevant committees and meetings, including ExCo and Risk Committee.

Compliance & Financial Crime Prevention Duties

• Execute the regulatory agenda.
• Advise management and the Board on compliance matters.
• Ensure compliance with FCA, CMA, CCA, OFCOM, and OPBAS regulations.
• Manage regulatory relations and reporting.
• Develop and maintain compliance and financial crime frameworks.
• Support new product and service design for regulatory compliance.
• Oversee risk-based compliance reviews and approvals.
• Monitor future regulatory changes and assess impacts.
• Maintain compliance policies and procedures.
• Oversee KYC and AML processes.
• Review financial promotions for compliance.
• Ensure data protection compliance, including UK GDPR.

Qualifications

Essential

• Degree-level education.
• Relevant technical qualifications.

Desirable

• CISI Diploma in Investment Compliance or similar.

Skills and Competencies

Essential

• Extensive experience leading compliance in a regulated financial firm.
• Deep knowledge of FCA requirements and regulatory frameworks.
• Experience developing compliance policies.
• Strong interpersonal and communication skills.

Desirable

• Experience in credit card or lending sectors.
• Experience in fast-growing, changing companies.
• Current or recent FCA SMF 16 and SMF 17 roles.