Compliance Officer (MLRO)

6w1 month ago

Planet

London, GB · Full-time · £95,000 – £140,000

About this role

Planet is a global provider of integrated technology and payments solutions for retail and hospitality customers. We empower customers to deliver great experiences by combining payments and software. Founded over 35 years ago with headquarters in London, we serve more than 120 markets.

We are looking for a Compliance Officer to lead the regulatory compliance function for Planet’s UK based payment institution. The successful candidate will hold the position as Planet’s UK Compliance Officer under the FCA authorised payment institution license. You will manage the license and act as primary contact with the FCA.

Report to the Head of Risk & Compliance in the UK, with the Group LRC function led by the Chief Legal Officer. Coordinate regulatory obligations across Planet’s entities in the 1st line of defense. Work in a challenging and evolving environment with attention to detail.

Grow with an expanding Payments company as a highly motivated professional. Apply compliance knowledge as a business enabler and proven problem-solver. Deliver change while working competently with UK regulatory authorities.

Requirements

5+ years’ experience as a compliance professional at a payment services provider, financial institution, bank, Fintech, financial regulatory agency, or professional services firm
Concentration or affiliation with UK regulatory bodies
Experience creating and delivering regulatory reporting
Expert knowledge of best practice risk management and governance frameworks and methodologies
Experience in merchant acquiring payments, gateway, e-money or wallet products and services, banking functions, and/or merchant processing
Strong academic record to degree level supported by relevant sector related qualifications
Ability to manage in challenging and evolving environments with attention to detail

Responsibilities

Hold the position as Planet’s UK Compliance Officer under the FCA authorised payment institution license
Manage Planet’s payment institution license and act as primary contact with the FCA for regulatory returns and requests
Develop and maintain a risk-based compliance management programme for merchant acquiring business
Own and develop policies, procedures, and controls for regulatory requirements including safeguarding of funds
Perform risk assessments on products, services, processes, and tools to identify and mitigate risks
Develop compliance KPIs to report to the Group Compliance team and enterprise
Horizon scan and report on regulatory developments with suggestions for policy enhancements
Provide training, guidance, and thought leadership on compliance and regulatory risk issues