UK Head of Regulatory Compliance & MLRO (Basé à London)

We’re looking for aUK HEAD OF REGULATORY COMPLIANCE & MLRO

The UK Head of Regulatory Compliance & MLRO will be a strategic and hands-on leader responsible for ensuring iwoca’s compliance with all applicable regulatory requirements, fostering a strong culture of compliance, and serving as a trusted advisor to senior stakeholders. Reporting to the UK General Manager (who is also a co-Founder), this role is vital in ensuring that iwoca understands and adheres to regulatory standards.

About us

Fast, flexible finance empowers small businesses to manage their cash flow better and seize opportunities - making their business and the economy stronger as a whole. At iwoca, we do just that. We help businesses get the funds they need, when they need it, often within minutes.

We’ve already made several billion in funding available to over 100,000 businesses since we launched in 2012, and positioned ourselves as a leading Fintech in Europe. Our mission is to finance one million businesses. We’ll get there by continuing to make our finance ever more relevant and accessible to more businesses by combining cutting-edge technology, data science and a 5-star customer service.

Your mission

• Regulatory Compliance:

  • Oversee compliance with FCA regulations, specifically under PSD2, anti-money laundering (PSD designated MLRO) requirements, and data protection laws. We offer our loan products to Ltd companies, we no longer serve sole traders in the UK except for via our buy-now-pay-later product.
  • Ensure ongoing adherence to conduct risk frameworks and regulatory changes including those of the Lending Standards Board (LSB) and Advertising Standards Authority (ASA).
  • Lead investigations into regulatory compliance breaches and remediate and escalate breaches in a timely manner.
  • Conduct regulatory compliance risk assessments and ensure that appropriate controls are in place.
  • Ensure that there is a programme of periodic regulatory compliance monitoring to provide a second line assurance for iwoca’s core regulatory risk exposures.
  • Ensure effective compliance training is in place for all iwocans.

• Policy Development:

  • Develop, maintain, and implement regulatory compliance policies, procedures, and frameworks aligned with regulatory requirements and industry codes and standards.

• Advisory and Stakeholder Engagement:

  • Act as a trusted adviser to the leadership team on regulatory compliance risks and strategies.
  • Provide practical regulatory advice on new products, services, and operational changes.

• Regulatory Relationships:

  • Maintain positive relationships with relevant regulatory bodies, and lead the interactions with the FCA and other relevant standard setters.
  • Engage with external bodies, such as the Lending Standards Board, as well as industry peer groups, forums, roundtables, and regulatory task forces to stay informed about emerging risks, trends, and regulatory changes.

• Collaboration and Team Leadership:

  • Manage the UK compliance and fincrime compliance team (currently 4 people).
  • Collaborate with other iwoca functions such as Legal, Technology, Analytics, Operations and Product groups to ensure the regulatory compliance view is considered in our commercial strategies and business practices.
  • Build and maintain an effective relationship with the Risk Committee ensuring that regulatory compliance risks and issues are reported at regular intervals.

Requirements

• 8+ years of proven experience in a senior compliance role ideally within a B2B lending fintech, corporate lender or other related financial services.
• We are launching card products and experience of managing card compliance programmes, gained within an EMI or similar regulated entity will be a distinct advantage.
• Meet the fitness and proprietary requirements of the FCA for a PSD individual.
• Be able to demonstrate strong leadership and an ability to challenge senior stakeholders while supporting business growth.
• Be exceptionally analytical, including skilled at using data to understand and explain regulatory initiatives and guidance.
• Hold relevant industry certifications (e.g. ICA).

The salary

We’re open-minded, so definitely include your salary goals with your application. We routinely benchmark salaries against market rates and run quarterly performance and salary reviews.

The culture

At iwoca, we look to hire smart, passionate, humble individuals with a growth mindset. We prioritise a culture of learning, growth, and support, and invest in the professional development of our team members.

We value thought and skill diversity and encourage you to explore new areas of interest to help us innovate and improve our products and services.

Our friendly and inclusive environment, combined with our flexible work policies, ensures that you'll have the perfect balance between work and life, empowering you to thrive both personally and professionally.

The offices

We put a lot of effort into making iwoca a brilliant place to work:

• Offices in London, Leeds, and Frankfurt with plenty of drinks and snacks.
• Events and clubs, like bingo, comedy nights, yoga classes, football, etc.

The benefits

• Medical insurance from Vitality, including discounted gym membership.
• A private GP service (separate from Vitality) for you, your partner, and your dependents.
• 25 days’ holiday, an extra day off for your birthday, the option to buy or sell an additional five days of annual leave,and unlimited unpaid leave.
• A one-month, fully paid sabbatical after four years.
• Instant access to emotional and mental health support.
• 3% Pension contributions and share options.
• Generous parental leave and a nursery tax benefit scheme to help you save money.
• Cycle-to-work scheme and electric car scheme.
• Two company retreats a year, we’ve been to France, Italy, Spain, and further afield.

And to make sure we all keep learning, we offer:

• A learning and development budget for everyone.
• Company-wide talks with internal and external speakers.
• Access to learning platforms like Treehouse.

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