Head of Compliance & MLRO (SMF16 & SMF17)
Location: London (Remote during the initial setup phase)
Reports to: UK Country Manager (SMF1)
About Us:
We are a leading fintech platform connecting millions of consumers with
financial institutions. Listed on the NYSE we leverage cutting-edge Artificial
Intelligence and Big Data technologies to provide accessible financial services. With a robust
track record in Asia, we are now bringing our proven technology and inclusive finance model
to the UK market.
The Role:
We are looking for a hands-on Head of Compliance & MLRO to safeguard our entry into the
UK market. This pivotal role combines two critical Senior Management Functions: SMF16
(Compliance Oversight) and SMF17 (Money Laundering Reporting Officer). You will be
instrumental in designing the frameworks that will allow us to secure our FCA license to
operate a Digital Financial Platform.
Key Responsibilities:
➢ License Acquisition: Lead the drafting of all compliance-related application materials,
including the Compliance Manual, AML/CTF Policy, and Consumer Duty Framework.
➢ FCA Interaction: Serve as the primary contact point for the FCA regarding all
compliance and financial crime matters.
➢ Framework Design: Build the company's \"Three Lines of Defence\" model. Ensure our
AI-driven lending processes are fully transparent and fair (treating customers fairly).
➢ Monitoring & Reporting: Establish systems for transaction monitoring, SARs reporting,
and ongoing regulatory returns.
➢ Advisory: Advise the Country Manager and HQ on the practical implications of UK
regulations (e.g., CONC, SYSC, DISP).
Requirements:
➢ Regulatory Status: Must have previously held SMF16 and SMF17 functions (or
significant deputy roles) within a UK consumer credit institution. Current valid FCA
approval is a distinct advantage.
➢ Technical Knowledge: In-depth understanding of the Financial Services and Markets
Act (FSMA), FCA Handbook (specifically CONC), and the Money Laundering
Regulations.
➢ Hands-on Approach: Willingness to \"roll up sleeves\" to write policies and set up
processes from scratch.
➢ Resilience: Ability to articulate complex regulatory concepts to stakeholders with
diverse international backgrounds.