Sr Director Regulatory Compliance
Sr Director Regulatory Compliance
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Job Description
The Senior Director Regulatory Compliance will take ownership of Currencyclouds compliance framework ensuring adherence to FCA regulations safeguarding requirements consumer duty and the Payment Services Regulations (PSR). This role requires strategic leadership subject matter expertise and the ability to collaborate across functions to maintain and enhance our regulatory compliance standards.
Key Responsibilities
Regulatory Compliance Leadership:
- Ensure compliance with FCA regulations including safeguarding consumer duty and PSR.
- Develop and implement robust compliance frameworks policies and procedures to address regulatory obligations.
Safeguarding:
- Lead the safeguarding function to ensure compliance with FCA requirements for protecting client funds.
- Conduct regular reviews of safeguarding arrangements and provide recommendations for improvements.
Consumer Duty:
- Drive the organizations compliance with FCA Consumer Duty ensuring customerfocused practices and good outcomes.
- Lead crossfunctional teams in embedding consumercentric approaches throughout the business.
Payment Services Regulations (PSR):
- Oversee compliance with PSR ensuring that all payment services provided meet regulatory requirements.
- Monitor and address updates or changes to PSR to align business practices accordingly.
Risk Management and Reporting:
- Conduct regular risk assessments to identify monitor and mitigate regulatory risks.
- Provide timely and accurate compliance reports to the executive team board and regulatory authorities.
Regulatory Engagement:
- Act as the primary liaison with the FCA and other regulatory bodies managing inspections queries and audits.
- Build strong relationships with regulators and external auditors to maintain trust and transparency.
Agent registration and business support
- Support the business in regulatory activities such as agent registration ensuring compliance with applicable requirements.
- Act as a compliance advisor/Subject Matter Expert (SME) to the business for new initiatives training helping business to understand regulatory requirements.
Team Leadership:
- Lead and mentor the compliance team promoting professional growth and operational excellence.
- Provide training across the organization to enhance compliance awareness and responsibility.
Strategic Initiatives:
- Monitor and respond to changes in regulatory requirements proactively adapting policies and practices.
- Collaborate with product and business teams to ensure regulatory compliance in all new initiatives.
Qualifications :
- Minimum of 15 years of regulatory compliance experience ideally within financial services fintech or payments.
- Deep understanding of FCA regulations safeguarding consumer duty and PSR.
- Proven track record of managing relationships with regulatory bodies such as the FCA.
- Strong experience in developing and implementing riskbased compliance frameworks.
- Excellent leadership communication and stakeholder management skills.
- Bachelors degree in law Finance Business Administration or related field (Masters or professional certifications like ICA ACAMS or equivalent are advantageous).
Additional Information :
Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race color religion sex national origin sexual orientation gender identity disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
