Compliance Manager

Compliance Manager 

Pay Set Limited is actively recruiting!

Pay Set Limited is an authorised EMI (Electronic Money Institution) licensed and regulated in the UK and specialises in cross border and local payments. Pay Set is looking for a compliance manager to join our compliance team and help ensure our business operations and procedures comply with legal regulations and internal policies.
We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible.
We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team – one that makes better decisions, drives innovation, and delivers better business results.

What will you do:

• Process onboarding applications - verify customer information and conduct due diligence reviews (KYC and EDD) as part of on-boarding and ongoing account review policies.
• Take a role in our transaction monitoring program- monitor and act on compliance-related alerts including OFAC, unusual transactions, and prohibited activity.
• Oversee all business operations relating to compliance including policies.
• Review and evaluate company procedures and report any hidden risks or common issues.
• Assist with AML Compliance Training focusing on identification and reporting of suspicious transactions.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Work cross-functionally with internal Fraud teams and other Compliance team members to identify gaps in policies or procedures.
• Monitoring FCA and industry websites and producing regular updates of regulatory developments for Compliance team and wider business.
• Ensure an effective control framework across all teams/departments, to minimise risk.
• Ensure that all issues and breaches are promptly identified, escalated, reported, and remediated.
• Assess new product proposals and transaction flows for customer asset protection considerations.
• Review related policies and procedures for accuracy and completeness.
• Provide support for internal or external audits.

Requirements:

• 2+ years’ experience as a Compliance Officer/ Manager or regulatory environment.
• Education in the field is required, compliance courses and training in the financial industry - advantage.
• Good working knowledge of the FCA regulatory environment - advantage.
• Understanding of regulated industry best practices and associated technologies
• Strong investigative skills, including familiarity with public record research and database tools.
• An analytical mindset with excellent organisational skills.
• Able to analyse information to formulate questions and recommendations.
• Ability to operate outside the box, be flexible and creative.
• Able to manage assigned tasks as well as any ad hoc that arise.
• You enjoy finding and implementing new tools and technologies to drive efficiencies.
• You savour a challenge, do not get disheartened easily and drive projects through to completion.