Senior Compliance Manager & Deputy MLRO

JR United Kingdom; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Compliance Manager to oversee compliance frameworks and AML controls in the dynamic financial services sector. This role involves leading a compliance team, developing policies, and ensuring adherence to FCA regulations. The ideal candidate will have extensive experience in compliance within electronic money institutions and a strong understanding of regulatory risks. Join a forward-thinking company that values exceptional service and offers a collaborative environment to make a significant impact in the world of finance.

Qualifications

• Senior compliance experience within an electronic money institution.
• Deep knowledge of FCA regulations, including SMF16 and SMF17.

Responsibilities

• Support development and implementation of compliance strategies.
• Oversee regulatory reporting, liaising with FCA and other regulators.
• Lead the compliance team, fostering a compliance culture.

Skills

FCA regulations knowledge

AML compliance

Leadership skills

Communication skills

Risk assessment

Education

Professional qualifications in compliance

Job description

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Senior Compliance Manager & Deputy MLRO, London

Client: PAYALLY

Location: London, United Kingdom

Job Category: Other

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EU work permit required: Yes

Job Views: 2

Posted: 05.05.2025

Expiry Date: 19.06.2025

Job Description:

About PayAlly

As the world of financial services becomes more automated, PayAlly maintains a human touch to deliver exceptional service. We ensure every client, regardless of size or transaction volume, is looked after by a private Relationship Manager. PayAlly is a principal member of Visa and Mastercard, offering a fully integrated suite of financial services tailored for globally ambitious businesses. Our network spans 39 currencies, enabling frictionless cross-border payments. We provide international and local payments, multicurrency accounts, currency exchange, debit cards, card issuing, and a payments gateway.

The Senior Compliance Manager is a senior role in UK regulated financial services firms, combining oversight of compliance frameworks with AML controls, typically requiring FCA approval under Senior Management Functions.

Main Responsibilities

• Support development and implementation of compliance strategies, ensuring legal adherence
• Oversee regulatory reporting, liaising with FCA and other regulators
• Monitor emerging regulatory risks and advise senior management
• Ensure compliance with SM&CR
• Lead the compliance team, fostering a compliance culture
• Coordinate with partnered banks and financial institutions on compliance requirements
• Develop compliance policies, procedures, and risk management infrastructure
• Oversee quality assurance on CDD, EDD, transaction monitoring, SAR filing, and OFAC reporting
• Conduct risk assessments for new and existing operations
• Support global payments compliance in UK and Canada
• Chair risk and compliance committees
• Collaborate with audit and legal counsel
• Ensure adherence to Visa and Mastercard rules, developing controls over merchant programs
• Monitor upcoming regulations and conduct horizon scanning
• Participate in ad-hoc projects and tasks

Deputy Money Laundering Reporting Officer (DMLRO)

• Develop and maintain AML/CTF policies and procedures
• Perform AML risk assessments and ensure controls are effective
• Review client onboarding processes for AML compliance
• Report suspicious activities to authorities
• Provide staff training on financial crime

Required Experience & Qualifications

• Senior compliance experience within an electronic money institution
• Deep knowledge of FCA regulations, including SMF16 and SMF17
• Experience in compliance and AML framework development and implementation
• Strong leadership and communication skills
• Professional qualifications in compliance or financial crime are advantageous