Head of Risk and Compliance

Zeta Services Inc.; United Kingdom; On-site; GBP 90,000 - 150,000; Full time

Job summary

A leading Next-Gen Banking Tech company is seeking a Head of Risk and Compliance to oversee all risk management and compliance functions. This pivotal role entails ensuring adherence to FCA regulations, developing robust governance, and maintaining the company's reputation in the UK market. The ideal candidate will have extensive experience in risk and compliance within FCA-regulated environments and strong leadership capabilities.

Qualifications

• Extensive experience in FCA-regulated consumer lending.
• Deep knowledge of FCA regulations including CONC and AML.
• Experience holding SMF16 and SMF17 roles or equivalents.

Responsibilities

• Develop compliant business processes and policies as part of business launch plans.
• Implement and maintain risk management frameworks aligned with FCA regulations.
• Design and maintain a comprehensive compliance program to meet FCA standards.
• Oversee AML policies and compliance requirements.
• Advise on risk and compliance matters to the board.

Skills

Risk Management

Compliance Management

Communication

Interpersonal Skills

Job description

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About Zeta

Zeta is a Next-Gen Banking Tech company that empowers banks and fintechs to launch banking products for the future. It was founded by Ramki Gaddipati. Its flagship processing platform, Zeta Tachyon, is the industry’s first modern, cloud-native, and fully API-enabled stack that brings together issuance, processing, lending, core banking, fraud & risk, and many more capabilities as a single-vendor stack. Over 15 million cards have been issued on our platform. We are actively working with the largest banks and fintechs in multiple global markets, transforming customer experience for multi-million card portfolios. Zeta has over 1700 employees, with over 70% in R&D, across locations in the US, EMEA, and Asia. We raised $280 million at a billion-dollar valuation from Softbank, Mastercard, and other investors.

About the Role

We are looking for a Head of Risk and Compliance, responsible for overseeing all risk management and compliance functions to assist clients in adhering to regulatory requirements and best practices necessary to operate within the UK market. The focus of the role is on consumer lending and payments markets, with a strong knowledge of CONC and Payment services regulation. Reporting directly to the UK CEO, the role will play a pivotal role in shaping the company's risk and compliance framework, maintaining its reputation, and ensuring robust governance.

Responsibilities

1. Develop compliant business processes and policies as part of business launch plans: Work with key business stakeholders to ensure customer journeys and financial promotions are robust and compliant with relevant regulations as authorized consumer lenders and authorized payment institutions.
2. Risk Management: Develop, implement, and maintain the company’s risk management frameworks aligned with FCA regulations and business objectives. Identify, assess, and mitigate key risks, including credit, operational, financial, and reputational risks. Provide regular risk reporting to the board and promote a strong risk culture.
3. Compliance Oversight: Design and maintain a comprehensive compliance program to meet FCA standards. Ensure timely and accurate regulatory returns. Monitor regulatory changes and implement necessary actions. Act as the primary contact with FCA and other regulators. Conduct compliance reviews and ensure financial promotions are approved per FCA rules. Serve as Company Secretary for corporate governance.
4. Anti-Money Laundering (AML): Serve as MLRO where required, overseeing AML policies, transaction monitoring, suspicious activity reporting, and compliance with AML requirements.
5. Consumer Duty: Act as the nominated board owner for consumer duty in origination processes.
6. Governance and Reporting: Advise on risk and compliance matters. Present updates to the board and stakeholders. Integrate risk and compliance into strategic decisions.
7. Leadership and Collaboration: Build and lead the risk and compliance team, fostering collaboration and high performance.

Skills and Attributes required

• Extensive experience in risk and compliance management within FCA-regulated consumer lending and authorized payment institutions.
• Deep knowledge of FCA regulations, including CONC, SYSC, and AML.
• Strong communication and interpersonal skills, with the ability to work with the business to create compliant solutions.

Experience and Qualifications

• Experience holding SMF16 and SMF17 roles or equivalents.

Equal Opportunity

• Zeta is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment. We encourage applicants from all backgrounds, cultures, and communities, believing that a diverse workforce is key to our success.