Regulatory Compliance Manager
OpenPayd · London ·
- Work mode
- Hybrid
- Employment
- Full time
- Category
- Legal
Who are we?
At OpenPayd, we are building a universal financial infrastructure to power the growth of the digital economy. Our rails-agnostic approach empowers any business to move and manage money globally - across both traditional rails and stablecoins — at scale, and in real time.
The OpenPayd platform delivers a suite of banking and payments infrastructure: accounts in over 40 currencies, FX, on/off ramp, international and domestic payments, Open Banking services – all via a single API.
A global network of licences alongside our best-in-class tech is why we're trusted by 1200+ enterprise clients to process over $300 bn volume annually.
Please note this is initially a maternity cover with opportunity of further extension or a move to other role within the business.
How will you add value to the OpenPayd journey?
- Provide fixed-term maternity-cover support, maintaining the continuity and effectiveness of OpenPayd’s regulatory compliance framework.
- Maintain oversight of the regulatory obligations that apply to relevant OpenPayd entities, jurisdictions and activities.
- Manage and coordinate regulatory returns, notifications, applications and submissions, ensuring they are accurate, complete and delivered on time.
- Coordinate regulatory correspondence, meetings, inspections, information requests and other supervisory engagements, working with stakeholders to provide timely, well-evidenced responses.
- Monitor changes to relevant laws, regulations, regulatory guidance and industry standards, and maintain regulatory obligations and change registers.
- Assess how regulatory developments affect our activities, policies, processes and controls, and coordinate implementation with business owners.
- Provide regulatory compliance advice, oversight and effective second-line challenge for new products, services, markets, client propositions and material business changes.
- Review and support the development of policies, procedures and controls so that regulatory requirements are properly reflected and implemented.
- Support compliance risk assessments, monitoring activity and control improvements, ensuring that risks and weaknesses are documented and addressed.
- Identify, assess, document and escalate actual or potential regulatory breaches, overseeing any related notifications, corrective action and remediation.
- Prepare and present regulatory compliance reports and updates to senior management, relevant committees and Boards.
- Maintain accurate regulatory compliance records and evidence, including registers, assessments, policies, procedures, submissions and remediation activity.
- Help ensure OpenPayd is prepared for internal and external audits, regulatory inspections and compliance assessments.
- Monitor agreed remediation and mitigation plans, challenge progress where necessary and track actions through to completion.
- Develop and deliver proportionate regulatory compliance training and awareness activities for employees and relevant stakeholders.
- Work closely with Legal, Finance, Operations, Product, Sales, Customer Success, Risk, Internal Audit and HR to support effective regulatory compliance across the business.
- Identify opportunities to improve the effectiveness, consistency and efficiency of the regulatory compliance framework and its processes.
- Maintain clear working records and handover documentation to support continuity throughout and at the end of the maternity-cover period.
- Carry out additional regulatory compliance projects as required.
- Travel internationally on occasion for regulatory engagements, training, knowledge sharing and business purposes, in line with local legislation and OpenPayd’s travel policy.
The ideal candidate will have the following:
- Substantial experience in a second-line regulatory compliance role within a regulated financial services environment.
- Experience in payments, electronic money, fintech, banking-as-a-service or digital assets would be a strong advantage.
- Strong knowledge of regulatory compliance frameworks, governance arrangements and risk management principles relevant to regulated financial services businesses.
- Working knowledge of relevant UK and European regulatory requirements; experience supporting more than one regulated entity or jurisdiction would be advantageous.
- Practical experience managing regulatory reporting, notifications, submissions, supervisory engagements, inspections or information requests.
- The ability to understand an established compliance framework quickly and manage business-as-usual responsibilities with limited supervision.
- Strong project management and organisational skills, with the ability to manage a varied workload, prioritise competing demands and meet deadlines.
- Strong analytical and problem-solving skills, excellent attention to detail and a commitment to accurate, well-structured work.
- Sound judgement and a risk-based, proportionate and pragmatic approach that maintains appropriate regulatory and ethical standards.
- A proactive, improvement-focused mindset and the ability to strengthen controls, streamline processes and improve the compliance framework.
- Strong influencing and communication skills, with the confidence to give clear, constructive compliance guidance and present complex matters to senior stakeholders.
- The ability to handle sensitive and confidential information with care, discretion and professionalism, alongside fluent written and spoken business English.
Our perks and benefits:
- Personal training budget - £3000
- Cycle to Work scheme
- Discounted gym membership - £80 towards any gym
- Corporate discounts via PerkBox
- Travel loan
- Company Pension plan
- Health, Dental & Life Insurance
- Friday office breakfasts, office fruits and a full bar & regular team socials
- 25 days annual leave plus the Bank Holidays, extra day off for Birthday & Social Volunteering
- Work schedule - 3 days per week office based (out of 5 days schedule)
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We are looking forward to receiving your CV.
OpenPayd Talent Team
To all recruitment agencies: OpenPayd does not accept speculative agency resumes. Please do not forward resumes to our jobs alias, OpenPayd employees or any other company location. OpenPayd is not responsible for any fees related to unsolicited resumes. OpenPayd will only accept CV's from the partners with relevant agreement via the People and Talent team only.
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