Payments Compliance Manager

Papaya Global; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading B2B tech company in the UK is seeking a Compliance Officer to ensure compliance with regulatory standards. The role involves identifying, assessing, and controlling compliance risks, along with maintaining compliance policies. Candidates should have a university degree in law or business and at least 5 years of experience in legal and regulatory affairs. Strong communication skills and knowledge in payments and financial crime are essential for success in this role.

Qualifications

• Minimum 5 years of professional experience in legal and regulatory affairs.
• Experience liaising with Compliance officers, Product & Sales, banks, auditors and regulators.

Responsibilities

• Identify, assess, monitor, and control compliance risks.
• Monitor regulatory changes and advise senior management.
• Maintain an up to date schedule of reporting requirements.

Skills

Excellent written and oral communication skills

Regulatory expertise

Knowledge in financial crime

Payments knowledge

Education

A University degree in law, business or similar

Job description

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Description

Papaya Global is a rapidly growing, award-winning B2B tech unicorn with a mission to revolutionize the payroll and payments industry. With over $400M raised from top-tier investors, our innovative technology provides a comprehensive solution for managing global workforces, from hiring and onboarding to managing and paying employees in over 160 countries.

Responsibilities

• Identify, assess, monitor, and control compliance risks associated with the Company's current and proposed future business activities.
• Monitor any regulatory changes on a group level and advise senior management and Head of Compliance on any necessary changes;
• Advising the Head of Compliance and Senior Team about regulatory matters in terms of new product launches;
• Regular maintenance of all Group & Regulated Entities' compliance policies, such as AML manual, Risk Assessment etc.;
• Maintaining an up to date schedule of reporting requirements across jurisdictions and ensuring timely submission in coordination with the Head of Compliance and local Compliance Officers / Directors;
• Responsible for the annual compliance training from design to implementation;
• Annual due diligence of partners, existing and potential;
• Coordinating preparation for the annual AML audit along with Head of Compliance;
• Helps to oversee risk assessment and mitigation projects;
• Report any knowledge or suspicion of money laundering or terrorist financing to the MLRO.

Requirements

• A University degree in law, business or similar
• Minimum 5 years of professional experience in legal and regulatory affairs
• Background in Financial Services & regulatory expertise
• Payments knowledge is a must
• Knowledge in all aspects of financial crime; KYC, AML, CFT, sanctions screening
• Experience liaising with Compliance officers / MLROs, Product & Sales, banks, auditors and regulators
• Excellent written and oral communication skills
• Fluent in English, both written and spoken