Head of Compliance Operations | London, UK

Taptap Send; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Head of Compliance Operations to lead their compliance efforts across multiple locations. The ideal candidate will bring over 5 years of experience in compliance within a regulated financial institution, particularly in payments or international remittances. This role involves building and managing a team of compliance analysts, enhancing KYC and AML processes, and ensuring adherence to regulatory standards. Join a fast-paced fintech environment focused on reducing inequity and making a significant impact in the financial sector. If you're ready to take on a challenging yet rewarding position, this opportunity is for you.

Qualifications

• 5+ years in compliance or related role in a regulated financial institution.
• Strong understanding of AML/CFT legislation and KYC processes.

Responsibilities

• Lead compliance operations and manage a scalable team of compliance analysts.
• Ensure timely submission of internal SARs and execute group policies.

Skills

Compliance Operations

AML/CFT Legislation

Team Management

KYC Processes

Transaction Monitoring

Sanction Screening

Problem Solving

Good Communication Skills

Education

ACAMS, ICA or similar qualification

Tools

Compliance Technology

Job description

Our Mission
Reduce inequity by helping immigrants move money home, and become the leading cross-border fintech for emerging markets.

The Team
Founded by Harvard grads / 3rd-time founders --- also founded Segovia (successful exit) and GiveDirectly (>300M revenue, fastest-growing NGO). Top performers from top and varied organizations (e.g., Bain, Bolt, Google, McKinsey, SafeBoda, Uber, Zipline) --- we like moving fast, and we hire people that do as well. Driven by mission, guided by values (see below) - in deed, not just word. Team as global as the mission, >30 languages from 25 countries (i.e., if you're interested in learning to make Chicken Moambe, we're the place).

About Us
Taptap Send is backed by top VCs (Spark, Canaan, Reid Hoffman, Breyer Capital, etc.), rapidly growing and a great place for those looking for both impact and a fast-paced tech startup environment. Launched in 2019, Taptap is tapping into a transformative shift in global finance: from banks to phones. Taptap Send allows immigrants to send money home instantly and with no fee*, saving money in the process. Our mission is to reduce inequity by helping immigrants move money home, and become the leading cross-border fintech for emerging markets. And that's just the beginning...

Our Investors
Spark Capital, Canaan, Reid Hoffman, Breyer Capital (Jim Breyer), Unbound (Shravin Mittal), Wamda (Fadi Ghandour), Firstminute Capital, Slow Ventures (Sam Lessin), Helios Partners (Souleymane Ba), Crossbeam Ventures (Ali Hamed), Nikesh Arora, Samih Toukan, and many other context-specific angels.

The Role
We're seeking a Head of Compliance Operations with 5+ years of experience to lead compliance operations for Taptap Send group across all of its locations. The candidate will ideally be based within one of our hubs (London, Dubai, or Brussels) though exceptions will be made for candidates looking to work for us in locations where we are expanding to.

The Head of Compliance Operations will be primarily responsible for all aspects of 1st line compliance and provide support to certain 2nd line compliance operations.

You will:

• Build and maintain a scalable team of qualified compliance analysts leveraging internal and external resources.
• Work closely with our product team in developing and implementing improvement to our KYC, AML transaction monitoring and screening processes.
• Be responsible for the execution and SLA relating to all Level 2 AML compliance tasks including quality control.
• Ensure internal SARs / escalations are submitted on time and to the requisite standard for the local MLROs to report.
• Own execution of group policies and development of corresponding procedures relating to compliance operations.
• Ensure appropriate due diligence is carried out on all partners.
• Implement remediations as determined by 2nd line compliance reviews and 3rd line audits.
• Support in the rollout of new products and services by developing new procedures.
• Duties relating to regulatory engagement depending on your location and business need.

You have:

• Solid ops experience and know how to build and manage teams.
• An in-depth understanding of AML/CFT legislation and experience putting requirements into action.
• 5+ years of experience in a regulated financial institution in a compliance or compliance-related role, with strong preference for someone with a background in payments and/or international remittances.
• Experience using technology to solve compliance issues (transaction monitoring, sanction screening, etc).
• Presence to oversee a large team of mostly remote employees.
• The willingness to solve problems and build systems, sometimes from scratch.
• Good communication skills and the ability to express opinions and concerns clearly.
• ACAMS, ICA or a similar qualification.

Taptap Values
Impact first, Team next, Accept reality, Propose solutions, Win with grit, Be proactively candid, with yourself and others, Love the particular, Own it, Create positive energy, Maybe, even have fun.

Taptap Send is an equal opportunity employer dedicated to building an inclusive and diverse workforce. All employment decisions are decided on the basis of qualifications, experience and business need. We strongly encourage applications who are members of underrepresented communities to apply. If you require reasonable adjustments to be made during the recruitment process, please do not hesitate to let us know. Any information you provide us in this respect will only be used to accommodate your requirements.

Note: we recognize imposter syndrome is real - any candidate that does not perfectly fit every characteristic of this role is still strongly encouraged to apply.