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Risk and Compliance Program Manager



Legal, Operations
London, UK
Posted on Monday, September 25, 2023

Job Description:

Remitly is on a mission to transform the lives of immigrants and their families by providing the most trusted financial products and services on the planet. Since 2011, we have been tirelessly delivering on our promises to immigrants sending their hard earned money home. Today, we are reimagining international payments at scale and building new products to create deeper relationships with our customers and their loved ones across the globe. Join over 2,700 employees across 10 offices who are growing their careers while having a positive impact on people globally.

Remitly is registered as a Money Services Business in the U.S., Canada, EU, United Kingdom, Singapore and Australia. Each of these jurisdictions require, among other items, that Remitly maintain a comprehensive Risk and Compliance Program.

About the role:

In this role you will be reporting to the Head of Compliance EU & UK, supporting the implementation of the Compliance Program. The ideal applicant for this role will have previous work experience within the online payments/financial services industry and will be comfortable in an exciting and fast-paced start-up environment. A Customer-centric and open-minded approach to solving business problems will be a key attribute, in addition to thought leadership as well as a drive to help develop new ways of mitigating risk and optimising our current processes. This role will provide the candidate broad exposure to global regulatory requirements and understanding of industry best practices.

You Will:

The Risk and Compliance Program Manager will be responsible for assisting the Head of Compliance in developing, maintaining and updating the compliance framework of the Company with focus across policy and procedure setting, developing the compliance culture within the firm, oversight & control, development and executing of the annual Compliance Plan.

  • Executing the Annual Compliance Plan, and the periodic surveillance on the most important Policies, following up in the appropriate execution of any compliance recommendations.

  • Assisting in the review of upstream regulatory changes and analysis of impact on the business, providing training as appropriate;

  • Preparing, reviewing and advising on the policies and procedures

  • Assisting in the preparation of reports and updates to the Board, regulators, senior management, group Compliance function and any other stakeholders;

  • Back up other team members as appropriate.

  • Assist in the execution and ongoing improvement of the compliance testing roadmap in line with the Compliance Monitoring Program.

  • Oversee Compliance monitoring and testing performed to ensure it meets the regulatory requirements.

  • Track completion of corrective actions arising from compliance related audits.

  • Assist with regulatory and risk mapping.

  • Identify and assess the risks inherent to the regulatory requirements, and evaluate the residual risks and build policies and procedures.

  • Supporting the development of regulatory training program and adequate awareness.

  • Liaise with internal and external auditors on compliance related audits.

You have:

  • Knowledge and experience commensurate with this role and having dealt with the regulatory environment.

  • Must be able to demonstrate technical knowledge and expertise covering conduct of business matters, corporate governance matters and regulatory risk and regulatory change matters.

  • Practical and commercial approach to problem solving.

  • Proven track record of delivering enhancements to process efficiency.

  • Minimum of 3-5 years of experience in a financial services business in a Fintech or e-commerce environment.

  • Experience with online payments framework.

  • Experience with and understanding of anti-money laundering regulations within the banking/financial services industry in the EU and UK.

  • Understanding of audit techniques and best practices.

  • Work with others to identify and resolve issues.

  • Share information and keep team members and supervisors informed.

  • Strong analytical skills.

  • Strong organizational skills.

  • Some experience with detection and investigation

Our Benefits:

  • Unlimited paid time off, subject to approval

  • Great compensation package

  • Health insurance

  • Commuter benefit

  • Learn and development benefits (3000+ free online courses available)

  • Corridor Travel Benefit Reimbursement.

We are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman's potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.

Remitly is an E-Verify Employer

Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.