Compliance Monitoring & Oversight Officer (Lead)

Job Title:
Compliance Monitoring & Oversight Officer (Lead)
Location:
UK or Lithuania / Travel required / Hybrid
Term:
Permanent
Salary:
TBD depending on seniority and experience
Reports to:
Compliance Lead
About us
B4B Payments is part of the Banking Circle ecosystem, a Payments Bank for financial institutions. We operate as an independent affiliate of Banking Circle and whilst we are separate companies, together we deliver an unrivalled scope of financial services and payments solutions for businesses.
As an award-winning payment innovator, with reach throughout Europe and the USA, we provide card, payment and accounts services to corporate clients around the globe. We’re proud to be a leader in Fintech and the payments industry for over 16 years!
Our next phase of rapid growth and expansion, coupled with our passion for payment innovation, means you will join us at a very exciting time.
We are proud to be a truly global and diverse team, our colleagues speak 20 languages. Headquartered in London, we have offices in Newcastle, Vilnius and Boston.
About the role
The Compliance Monitoring & Oversight Officer Lead will play a crucial role in our Compliance department, ensuring that B4B Payments operates within all regulatory frameworks applicable to electronic money and payment services companies. The successful candidate will be responsible for monitoring, assessing, and reporting on the compliance of business operations of B4B Payments in addition to Agents and Distributors of B4B, mitigating risks, and ensuring adherence to laws, guidelines, and internal policies.
This role will take a lead in establishing the Oversight function and manage a small team to both ‘build-out’ and ‘roll-out’ the Oversight program, ensuring that a board range of risks and controls are managed, including the areas of: KYC/KYB, Governance, EWRA, AML/CTF, Sanctions, Fraud, Transaction Monitoring, Information Security, Complaints, Card Scheme rules (Mastercard and VISA), Marketing and Promotional material, etc
Responsibilities
Develop, implement, and maintain and improve effective compliance monitoring and oversight programs and annual monitoring plans.
Conduct regular and ad-hoc reviews to ensure compliance with external regulatory requirements and internal policies, providing assurance that controls are adequately designed and operating effectively.
Identify compliance risks and advise on the necessary actions to mitigate these risks.
Prepare and present reports on compliance monitoring activities and findings to senior management.
Work closely with various departments and partners to oversee and report to senior management on remediation activities and initiatives.
Keep abreast of new regulations and legislative changes affecting the electronic money sector, interpreting how these changes impact the business.
Support the continuous improvement of compliance policies and procedures.
Additional duties may be required whilst B4B are scaling
Qualifications and Skills
Essential (Need to have)
A minimum of 5 years of experience in a compliance role within the financial services industry, preferably in an electronic money institution or a similar regulated entity.
Strong understanding of the regulatory environment for electronic money institutions, including the Payment Services Regulations (PSR), the Electronic Money Regulations (EMR), AML/CFT (Anti-Money Laundering/Countering Financing of Terrorism) regulations, JMLSG and FATF guidance, FCA Handbook.
A strong understanding of the risks and intricacies of operating an EMI business model with agents and distributors.
Detailed knowledge of the internal control environment of an EMI and understanding on how a firm implements controls adopting a risk based approach.
Experience Oversight/ Supervision of Agents/ Distributors with strong foundational knowledge of key elements including Customer Due Diligence (KYC/KYB/ Onboarding), Transaction Monitoring.
Excellent analytical, organisational, leadership experience and reporting skills.
Ability to interpret and apply regulatory requirements in a business context.
Proactive, with a keen eye for detail and the ability to work under pressure.
Strong interpersonal and communication skills, capable of conveying complex information clearly and persuasively.
Strong at relationship building and stakeholder management
High level of integrity and professionalism.
Must possess a ‘Can-do’ and helpful attitude, work collaboratively to ensure the best outcomes for B4B and its clients.
Somebody with a passion for learning and growing with B4B as we expand
Desirable (Nice to have)
Degree educated, preferably a degree in Law, Finance, Business Administration, or a related field.
Further Compliance-related training and certifications
What we offer
25 Days Annual Leave
Vitality Health Care Plan
An individually tailored personal development plan and ongoing training
Ride-to-work scheme
Employee assistance programme
Regular socials and relaxed working environment
Make a difference:
We’re always on the lookout for talented individuals to help take us further – It’s important to us to hire the right people and work out a role that works.
Equality
: We strive to create a workplace that reflects the diverse communities we serve and where everyone feels empowered to bring their full, authentic selves to work.
Teamwork:
The strength of our team does not only lie in our combined experience and expertise but our ability to trust each other, no matter what. We understand that our best work is not produced by individuals but by enjoying collaboration as a team and supporting each other every day.
Quality:
We provide award-winning solutions and unsurpassed service that, together, deliver premium value to our customers.
Innovation:
Redefining the standard of excellence is in everything we do. Therefore, we are open to ideas that challenge the conventional views and drive innovation. The only constant in life is change and we believe that in order to stay relevant we must continuously improve and evolve with the changing needs of society.
Trust
: We strive to act in a manner that builds trust with our team, clients, business partners, and other stakeholders. We firmly believe that actions speak louder than words and transparency is key.
NOTE:
We kindly request that you contact us by submitting your CV, indicating your current location, and confirming your eligibility to work in the United Kingdom. We assure you that our team will promptly respond to your inquiry.
Please note that we are not considering inquiries or applications from Agencies. Additionally, we regret to inform you that we are unable to provide visa sponsorships at this time