Compliance Diligence Manager
hace 3 días
City of London
• Client: Payments Services, • Duration: 6 months, • Location: London, • Contract type: PAYE inside IR35, • Working structure: Hybrid Fascinated by the future and captivated by technology? Smart, driven and want to make a difference in the world? You’ll fit right in. Join a diverse team, where your individuality fits right in. We can provide the opportunity to shape the payments experience globally. Together, let’s transform the way the world pays. Think you know us? Our mission is to connect the world through the most innovative, reliable, and secure digital payment network that enables individuals, businesses, and economies to thrive. Individuality fuels our brand and our global team – we’re proud that we are a talented team of 15,000 individuals with unique backgrounds, perspectives, and experiences. Therefore, we understand that you are much more than your day job. We encourage quality of life outside of the office, whether it’s taking advantage of agile work schedules or our wellness programs, respects and encourages meaningful work/life balance for everyone. So, if you’re not satisfied with the status quo, we can satisfy your desire to explore new territory, giving you the runway to really make an impact, whilst connecting you with teams around the world in a truly inclusive culture that celebrates our uniqueness. If you think you could support the company as a Compliance Diligence Manager, we want to hear from you. What’s it all about? The purpose of the Compliance Function is to assist senior management to effectively manage designated risks, and to support the business by being an expert trusted advisor, overseeing a robust, integrated, and effective risk control framework. Compliance has a remit to develop, implement, oversee, and report on a compliance-risk control framework, working closely with the Payments Risk Committee and Payments Board. The compliance-risk control framework includes financial crime compliance and regulatory compliance. Financial crime focus is on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF), Sanctions & Anti-Bribery and Corruption (ABC), and on the associated Know Your Customer (KYC) and Know Your Customer’s Business (KYC/B) & Counterparty Due Diligence (CDD) obligations; including primarily but not limited to: - • On-boarding counterparty due diligence, • Transactional monitoring, • Sanctions screening, • Suspicious activity identification, monitoring and reporting What we expect of you, day to day. The UK Diligence Manager reports to the Deputy MLRO. The Diligence Manager sits within the Payments Compliance (PC) management team and is responsible for management and coaching diligence team and supporting the Deputy MLRO and PC leadership team in oversight and management of the Anti-Money Laundering and Counter-Terrorist Financing regimes of the company with a focus on Client and Network Partner Diligence. Key Responsibilities • Primary areas of responsibility include:, • Facilitating client & partner (supplier) diligence; on-boarding and relationship risk management processes, particularly in collection and analysis of due diligence for counterparty verification (i.e., KYC/CDD)., • Conducting and/or overseeing compliance reviews and audits including KYC refreshes on counterparties and partners., • Ensuring clients are within legal and risk parameters and not undertaking Money Laundering or criminal activities., • Ability to deal with a diverse range of tasks, requiring stakeholder management while meeting deadlines., • Completing country specific risk assessments, • Providing diligence subject matter expertise, management, and direction to the broader diligence team in particular, and the wider VPC team through regular engagement across the function, • Ensure effective diligence processes are implemented including regular monitoring. Develop the diligence functional area, maintaining the function’s ability to serve the business now and consider scalability for the future., • Work with prospective Direct to Account clients, Direct programs and Network Partners. Facilitate review and approval and management alongside supporting Diligence SME’s for on-going due diligence, • Produce and develop management information on alignment with regulatory and internal policy/risk expectations., • Ensure group-wide compliance with external legislation and regulation and internal policies and procedures., • Support the resolution of risk and compliance issues, queries and concerns, raised both internally and externally., • Engage with relevant internal and external stakeholders, including other functions and departments, FIUs, law enforcement and regulators., • Applying primary compliance legislation and regulation, including the Money Laundering Regulations 2017 and the Payment Services Regulations in particular, • Support the Deputy MLRO in their broader responsibilities:, • Delivery, maintenance and improvement of the relevant compliance-risk control framework(s), primarily related to Diligence however supporting wider VPC, • Ensure compliance with relevant local legislation and any applicable local compliance acceptance criteria, as defined by the board., • Supporting to ensure business-wide training in all matters of relevant financial crime compliance., • Support with alignment of VPL’s AML/CTF and Sanctions compliance processes with global policy and processes, where appropriate Leadership responsibilities • Support and assist direct reports in identifying, reviewing and escalating diligence risk issues, including potential money laundering, fraud and sanctions issues., • Allocating work and setting delivery expectations day-to-day and through the use of objective setting within the performance review process, • Overseeing and ensuring delivery through others; offering constructive criticism, guidance and support. Supporting the VPC team to define and promote the Compliance Vision within the company and across the group with regards to our regulated status and the importance of our compliance framework. Education • 5+ years’ experience in a related environment (payments/FX industry, compliance, regulation, enforcement), • Minimum of three years working within financial services, • Specific experience related to the management of due diligence risk is necessary., • Proven experience and understanding of assessing risk and identifying mitigation., • Experience of managing, coaching, leading, and developing teams and individuals Skills • Self-motivated & high level of initiative, • Leadership, • Stakeholder management with leadership, direct reports and peers, • Delivery mindset, • Control framework development, delivery and maintenance., • Excellent communication skills, both written and oral, • Accuracy and attention to detail, • Flexible problem-solving attitude, • Commercial sensitivity Think you have what it takes? If you are interested in a career that will challenge and inspire you – we’d love to hear from you! Diversity & Inclusion Universal acceptance for everyone, everywhere, is not only our brand promise, it’s the foundation of our company culture. We foster a feeling of connectedness in the workplace, support diversity of thought, culture and background, fight for important initiatives like Equal Pay and actively work to eliminate unconscious biases that hold us all back.