Key Responsibilities
* Design and Implement Safeguarding Methods:
Develop and maintain robust safeguarding frameworks to ensure compliance with local and EU regulations for EMI and API licenses.
* Manage Safeguarding Reconciliations:
Oversee daily and periodic reconciliations between safeguarded accounts and customer funds, ensuring accuracy and timeliness.
* Monitor Minimum Net Worth Requirements:
Track and report on capital adequacy and minimum net worth requirements as per regulatory obligations for EMI and API licenses.
* Regulatory Reporting & Audit Support:
Prepare and submit safeguarding-related reports to regulators; liaise with auditors during annual safeguarding audits.
* Risk Management:
Identify and mitigate risks related to safeguarding processes and ensure robust internal controls.
* Stakeholder Collaboration:
Work closely with compliance, treasury, and operations teams to ensure safeguarding processes align with business objectives and regulatory standards.
Qualifications & Skills
* Education: Degree in Finance, Accounting, or related field; professional certifications (e.g., ACCA, ACA, CFA) preferred.
* Experience:
o Minimum 5+ years in finance roles within payments, fintech, or regulated financial institutions.
o Hands-on experience with safeguarding processes and reconciliations.
o Familiarity with EMI/API regulatory frameworks in Europe.
* Skills:
o Strong analytical and reconciliation skills.
o Excellent understanding of capital adequacy and regulatory reporting.
o Proficiency in financial systems and Excel.
o Attention to detail and ability to work under regulatory deadlines.