Head of Risk & Compliance

PayDo, a leading Electronic Money Institution (EMI) authorised by the FCA in the UK, FINTRAC in Canada, and MFCA in Malta operates in 140 countries and over 25 industries. Offering multicurrency IBANs, merchant solutions, and mass payment options, PayDo provides premium and convenient payment services. With all features available through one platform and contract, PayDo is a preferred solution for local and international payments.

Job Summary:

We are seeking a dynamic and experienced Head of Risk and Compliance to lead our compliance efforts within our FCA-regulated EMI (Electronic Money Institution). The ideal candidate will have a proven track record in EMI compliance leadership, with a strong understanding of UK and EU compliance legislation and best practices. The Head of Risk and Compliance will be responsible for managing the onboarding and transaction monitoring teams, identifying and mitigating risks including AML/CFT, sanctions, and fraud, and driving operational efficiency and scalability within the department.

Your regular tasks:

• Team Management: Lead and manage the onboarding and transaction monitoring teams within the compliance department, ensuring effective collaboration and performance
• Risk Management: Identify, assess, and mitigate AML, sanctions, fraud, and other compliance risks, implementing robust policies and procedures to safeguard the organisation
• Recruitment and Talent Management: Interview, hire, and onboard top compliance professionals, fostering a high-performing team culture. Conduct staff performance evaluations, create professional development plans, and provide coaching and mentoring as needed
• Policy Development: Develop and enhance key compliance policies and procedures to ensure compliance with all applicable legislation
• Operational Efficiency: Drive operational efficiency initiatives to reduce processing time and enhance overall departmental performance
• Quality Assurance: Conduct regular audits of compliance processes to ensure quality and adherence to regulatory requirements while hitting processing time objectives
• Objective Setting and Performance Management: Develop and implement departmental objectives and key performance indicators (OKRs and KPIs), monitor progress, and drive continuous improvement
• Communication and Reporting: Communicate regularly with top management on compliance matters, providing updates on key initiatives, risks, and performance metrics. Ensure timely and accurate internal and external regulatory reporting
• Technology Integration: Drive technological improvements within the compliance department, leveraging internal and external technologies to enhance efficiency
• Strategic Vision: Develop and implement a strategic vision for exponentially scaling the client base while maintaining compliance with regulatory requirements

Skills and qualifications:

• Minimum 3 years of experience in EMI compliance leadership role
• Deep knowledge of UK and EU compliance legislation and best practices
• Proven experience in team building and management
• Strong communication and interpersonal skills
• Ability to thrive in a fast-paced and dynamic environment

As a plus:

• Professional certification in compliance (e.g., ACAMS, ICA) is a plus
• Familiarity with regulatory technology (RegTech) solutions

Hiring Steps

Our recruitment process typically includes the following steps: Application Screening –> Interviewing Process & Assessment (TA/Tech/Final Interview and Test Assignment (upon request)) –> Offer –> Reference Check

What’s In It For You

At PayDo, specialists are at the heart of our innovation and success. Joining our team means accessing unparalleled opportunities to grow, contribute, and thrive in a dynamic FinTech environment.

• Empowerment Through Professional Development:
• Monthly investment in your English learning
• Yearly allocation for advancing your professional expertise
• Unlock Your Potential:
• Transparent career growth with opportunities to achieve Lead roles within 1 year, Head roles in 2 years, and even C-level within 4 years, based on exceptional performance
• Performance reviews are anchored in KPIs, ensuring recognition is merit-based
• Make a Lasting Impact:
• Work on unique projects where your contributions can reshape company-wide processes
• Bring your ideas to the table and earn exceptional bonuses through our PayDo Ideas Hub
• Flexible and People-Centric Culture:
• 17 days of paid vacation annually, with the flexibility to transfer unused days or receive compensation
• 10 days of paid sick leave annually, accommodating emergencies and medical needs
• Additional holidays aligned with your local calendar
• Compensation & Incentives:
• Multiple payment options, including Private Entrepreneurship accounts or popular e-wallets

Our Values:

At PayDo, we live by principles that drive us to excellence:

• Ownership & Initiative: Specialists who take charge and make a difference
• Collaboration & Communication: Together, we achieve more by sharing ideas and insights

Become part of a global team redefining FinTech. Your expertise, passion, and ideas will shape the future of payments with PayDo!