Head of Compliance/MLRO
At Paysend, we're on a mission to deliver the World's Simplest Money Transfer.
Paysend is a next-generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow and in any currency. Paysend is UK-based and has global reach having been created in April 2017 with the clear mission to change how money is moved around the world. Paysend currently supports cross-network operability globally across Mastercard, Visa, China UnionPay and local ACH and payment schemes, providing over 40 payment methods for online SMEs.
Paysend can send money to over 170 countries worldwide and has attracted more than seven million consumers to its platform. As a global end-to-end payment platform, Paysend has a global network of banks and international and local payment systems and has partnerships with the major international card networks Visa, Mastercard and China Union Pay as a principal members and certified processors.
Our success is built on supreme technology, friendly customer service and, of course, the very best talent in the FinTech industry. We’re looking for the future gamechangers of FinTech to join us as we positively disrupt the personal and business payments markets and make financial services more accessible and inclusive for individuals and small businesses around the world.
Every day is a new challenge at Paysend, and we approach each project with ambition, innovation and creativity.
A bit about The Role
A Dublin based FinTech is looking for an experienced Head of Compliance/MLRO to join their leadership team.
Reporting to the Board of Directors you will conduct objective, independent risk assessments ensuring compliance with relevant AML and ATF requirements. You will hold Pre- Approved Controlled Functions (PCF-52) and (PCF-12) under the Central Bank of Ireland Fitness and Probity standards.
What will you be doing in the role?
The MLRO/HOC has the following responsibilities vis-a-vis the compliance program:
- Developing and maintaining the AML and CTF Compliance Program and Risk Assessments, which includes regularly reviewing and updating related documents and maintaining a record of all updates.
- Perform compliance monitoring and oversight reviews (including AML and CTF requirements etc.), document results and propose enhancements where identified.
- Ensuring that all employees, agents, and other relevant parties received appropriate AML and CTF training at least annually.
- Reporting the Senior Management and the Board of Directors on the status of the AML
- Program, including any AML Compliance Effectiveness Reviews and regulatory examinations.
- Maintain a satisfactory relationship with relevant regulatory authorities including the Central Bank of Ireland.
- Review and assess compliance breaches and work with the Company to remediate and resolve any identified issues.
- Assist with the management of external relations e.g. Central Bank of Ireland, FSPO, External Auditors, etc.
- Maintaining a sound knowledge of Irish/EU AML/CTF requirements and upstream regulation as they apply to our business model.
- Obtaining appropriate training, including continuing education, to develop and maintain knowledge of AML and CTF compliance requirements and industry best practices.
What are we looking for?
- 5+ years of experience in a same or similar position with an Irish financial institution, preferably FinTech or e-money or payment institution, covering a wide range of subjects across retail and business customer bases, such as KYC, CDD/EDD, Transaction Monitoring, Risk Assessments, and Reporting (SARs)
- Knowledge of the Central Bank of Ireland’s regulatory requirements relating eMoney Institutions. Ideally you will have previously operated as in PCF-52/PCF-12
- Demonstrated knowledge and experience in compliance management, reporting and oversight.
- Knowledge of European Financial Services regulatory environment, and current competitive situation
- Able to work under pressure and manage own workload.
- Strong people skills and the ability to interface with all levels within the corporation and various business units.
- Demonstrated excellent verbal, interpersonal, and written communication skills.
Why Paysend?
We’re looking for people who share our passion for innovation, buy into the Paysend ethos and add value to our team. When you join Paysend, you’ll have the chance to grow and develop as the business does.
We believe in empowering people to be successful in their jobs, and we pay them fairly for their expertise. We give everyone the context and tools to operate as business owners and encourage our people to contribute with their hearts, minds and creativity.
In the fast-paced FinTech industry the Paysend journey may not always be easy, but we succeed by working together to create solutions that break the status quo. We employ the right people to help us steer the business towards success and global influence.
If Paysend sounds like the perfect company for you, we’d love to hear from you!