Head of Risk & Compliance

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

Job summary

A leading financial services provider is seeking a Head of Risk and Compliance to lead compliance and risk management for regulated entities in the UK. This role requires strong experience in financial regulations, particularly in foreign exchange and payment services, as well as proven leadership and stakeholder communication capabilities. The ideal candidate will implement compliance frameworks and oversee risk management efforts to support the company's growth. The job offers hybrid working, competitive salary, and comprehensive benefits.

Benefits

Competitive base salary

Investment in ongoing learning and development

Hybrid working

25 days of annual leave

Birthday off

Monthly lunch and social events

Medicash health scheme

Cycle to work scheme

Season ticket loan

Salary Sacrifice Pension

4x Life Assurance

Qualifications

• Strong experience in risk and compliance leadership within the financial services sector.
• Deep experience with regulations relating to payment services and non‑SNI investment firms.
• Demonstrated understanding of enterprise risk management fundamentals.

Responsibilities

• Implement, maintain and develop a robust compliance framework.
• Liaise with the FCA on regulatory submissions and matters.
• Develop and implement the annual compliance roadmap.
• Lead a team of compliance and risk management specialists.

Skills

Risk management

Compliance leadership

Stakeholder communication

Regulatory knowledge

Problem-solving ability

Job description

Our Mission and who we are

'To be the world's most trusted currency partner'

At Lumon, we help individuals and businesses move money across borders - smoothly, securely, and cost-effectively. With operations in 150+ countries and support for over 40 currencies, we combine competitive, bank-beating exchange rates with a personal, human touch.

Whether it's buying property abroad, managing international business costs, or sending money home, every customer gets access to a dedicated currency specialist - alongside our digital FX platform - for expert support tailored to their needs.

We're regulated by the FCA and the Central Bank of Ireland, handling billions in transfers each year for over 70,000 private clients and 2,500+ businesses. Backed by Pollen Street Capital, we're in an exciting phase of growth - scaling across Europe and expanding our tech and services.

The Role

We are seeking a Head of Risk and Compliance (UK) to lead the regulatory compliance and enterprise risk management functions for our UK regulated entities comprising both an Electronic Money Institution and a MiFID Investment Firm.

Reporting directly to the Chief Risk Officer, the role is responsible for maintaining robust regulatory compliance and overseeing enterprise risk management in a dynamic environment.

In a nutshell, you will

• Implement, maintain and continually develop a robust compliance framework for all applicable regulatory requirements applicable to E-Money Institutions and MiFID Investment Firms;
• Liaise with the FCA (and other authorities where relevant) on regulatory submissions, reporting, and supervisory matters;
• Partner closely with the business to provide regulatory advice and support in relation to regulatory change and leading the implementation of this through to completion;
• Providing input to incidents, including coordinating efforts to report regulatory breaches in a timely manner;
• Leading licencing applications and supporting the organisation in the implementation of the commercial strategy;
• Developing and implementing the annual compliance roadmap, including the compliance monitoring plan;
• Ongoing development and maintenance of the Enterprise Framework, including providing effective challenge to first line risk owners;
• Preparing and delivering high quality reports on risk and compliance matters for Senior Management and the Board of Directors;
• Leading the development and delivery of the organisation's annual risk and compliance training curriculum;
• Lead a team of regulatory compliance and risk management specialists, ensuring effective oversight and team development; and overseeing regulatory reporting and complaints handling activities for the firm, and other group entities as directed.

You should apply if you have

• Strong experience in risk and compliance leadership within the financial services sector, ideally with exposure to foreign exchange and payments services;
• Deep experience with regulations relating to payment services and non‑SNI investment firms (i.e. Payment Service Regulations 2017, Electronic Money Regulations 2011, FCA's Consumer Duty, MiFID II, EMIR);
• Previous experience of developing and implementing a regulatory compliance framework in a regulated environment;
• A demonstrated understanding of enterprise risk management fundamentals;
• Experience of working closely and communicating with various stakeholders at multiple levels, as well as leading and developing high performing teams;
• A proven ability to find solutions to complex and hard problems and ability to turn incomplete, ambiguous or conflicting inputs into solid plans.

What can we offer you?

• Competitive base salary
• Investment in your ongoing learning and development
• Hybrid working and rooftop terrace at our Farringdon office
• 25 days of annual leave, with a chance to purchase up to 5 more
• Birthday off
• 2 additional days off for 'Moments that Matter'
• Monthly lunch and social events
• Medicash health scheme
• Cycle to work scheme
• Season ticket loan
• Employee Assistance Programme
• Salary Sacrifice Pension
• 4x Life Assurance
• Enhanced maternity and paternity leave
• Access to gym discounts as well as a wide range of other benefits and discounts through our online portal

Lumon is proud to be an Equal Opportunity Employer. We are committed to equal employment opportunity regardless of race, colour, ancestry, religion, sex, sexual orientation, age, marital status, disability, or gender identity.

If you consider yourself to have a disability or require any reasonable adjustment during the recruitment process or within the workplace, please highlight this at the earliest opportunity, we will provide appropriate support to you throughout the process.