Head of Risk and Compliance SMF3 SMF 16/17

DMA UK; Greater London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

An established industry player seeks a dynamic Head of Risk and Compliance to lead its regulatory strategy. This pivotal role involves developing the risk and compliance function, ensuring adherence to regulations, and providing strategic guidance to senior management. The ideal candidate will have a strong background in regulatory environments, particularly within the financial sector, and will thrive in a fast-paced, innovative setting. With a focus on sustainable growth, this position offers a unique opportunity to shape the company's compliance landscape while working closely with the board and executive team. If you are a proactive leader with a passion for compliance and risk management, this role is perfect for you.

Qualifications

• Experience in a regulatory environment with a sound understanding of FCA regulations.
• Knowledge of UK financial regulations and industry challenges.

Responsibilities

• Develop and manage the risk and compliance function aligned with commercial strategy.
• Ensure adherence to regulatory requirements and conduct compliance checks.
• Provide strategic advice to senior management for growth and expansion.

Skills

Regulatory Compliance

Risk Management

Financial Regulations Knowledge

Strategic Advisory

Anti-Money Laundering

Job description

Head of Risk and Compliance SMF3 SMF 16/17

DMA UK Greater London, England, United Kingdom

About Us:

DMA Moneybetter Ltd is the UK-regulated subsidiary of SCM DMA Pty Ltd, a rapidly growing South African-owned platform software and investor services business. We offer a streamlined advice proposition and platform with significant cost advantages over competitors.

Job Summary:

We are seeking a talented Head of Risk and Compliance to join our UK board as Director, with SMF3, SMF16, and SMF17 responsibilities. You will help build on solid foundations to develop the Risk and Compliance function within DMA Moneybetter Ltd and support the company in its mission to provide technological tools that unlock economies of scale for advice firms as they grow.

Key Responsibilities:

1. Develop the risk and compliance function, leading the company's regulatory strategy in alignment with our commercial strategy and product roadmap.
2. Embed an effective risk management framework to support the sustainable growth of our business.
3. Act as a strategic advisor to our Executive and Senior Management for growth and expansion.
4. Develop, manage, and implement policies and procedures for regulatory compliance.
5. Ensure products are developed with a comprehensive understanding of regulatory implications, meeting relevant quality and regulatory standards.
6. Conduct compliance and assurance checks, tracking progress and corrective actions.
7. Ensure the company meets all compliance and regulatory requirements through regular reviews.
8. Support senior leadership in maintaining good governance practices and assessing risk.
9. Maintain a comprehensive compliance filing system and manage filings in a timely manner.
10. Stay up-to-date with changes to legislation and regulations affecting the business.
11. Manage regulatory compliance functions, ensuring adherence to internal policies and external regulations.
12. Continuously assess and update policies and procedures as required.
13. Provide written reports to management, including findings and recommended actions.
14. Track progress of compliance monitoring against the annual plan and report to management.
15. Design and implement internal anti-money laundering systems and procedures.
16. Report Red Flags to senior management and relevant regulators as necessary.
17. Facilitate investigations and reporting of information security incidents alongside the Information Officer and Deputy Information Officer.
18. Ensure compliant processing and holding of personal data.

Requirements:

1. Demonstrable experience in a regulatory environment, including a sound understanding of the FCA's Senior Managers and Certification Regime.
2. Experience in investments, particularly in relation to pension structures (both on and offshore) and investment advisory business requirements.
3. Up-to-date knowledge and understanding of UK financial regulations and industry challenges.

Desirable Skills and Experience:

1. Experience working in a fintech or rapid scale-up business environment.
2. Understanding of the regulatory landscape in our target product markets, e.g., UK IFAs, DFMs, ACD/Transfer agencies, SIPP Administration.

Location and Work Arrangement:

Remote working supported. UK-based, with travel to London required 3 days per week ideally.

Seniority level

Director

Employment type

Full-time

Job function

Finance and Sales