Our client is a UK fintech company looking for someone with compliance experience with retail products. to face off with banks and regulators and to ensure their retail banking platform is compliant. Ideally having experience tier 1 banks and a working knowledge of compliance around retail products such as current accounts, savings, Loans mortgages and credit cards.

They are looking to solve one of the banking industry's biggest problems: Their reliance on outdated IT infrastructure. Most Bank's are stuck on a legacy IT platform, which inhibits their ability to innovate and give their customers the type of service they deserve.

Their solution to this is a complete retail banking platform that is capable of being configured easily to suit the needs of any bank. The platform has been built from the ground up as a cloud native, microservice API architecture platform. They have a deep culture of engineering excellence, and believe it is this which delivers a solution compelling enough to engender a seismic shift in the banking industry.

They are undergoing a period of rapid expansion and is looking to make a senior hire to ensure their product is compliant.

This newly created role reports to the CFO and will be responsible for defining our financial regulation roadmap, working closely with engineering, delivery and product teams as well as having exceptional stakeholder management due to dealing with banks on a global scale as well as regulators.

Duties:

• Defining the financial regulation roadmap, working closely with the engineering, product and delivery teams to ensure the product is built so as to meet external requirements and internal policies.

• Establishing a monitoring framework to identify regulation and regulatory developments relevant to both the product and the firm.

• Leading the expansion of the compliance function, building out the team, creating new policies and updating existing policies.

• Liaising with key external (e.g. customers, regulators, advisors) and key internal (e.g. finance, operations, legal) stakeholders as required in the context of a rapidly changing and fast growing environment.

Requirements

Essential:

• In-depth knowledge of financial services regulation in the UK, with working knowledge of additional relevant jurisdictions in North America, the EU and/or Asia.

• 10+ years’ experience working within a Tier 1 bank’s compliance function.

• 10+ years’ experience working with bank regulators.

• Ability to work within a cross functional environment particularly with engineering, product and delivery functions.

Desirable:

• High energy and the desire to work in a fast moving environment.

• Sufficient proficiency in systems and process design so as to provide requirements to engineering and delivery teams.

Retail Banking Platform Compliance Director

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Duncan Tout

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