Head of Compliance Oversight

Description:

Key Responsibilities

• Develop compliance oversight program which includes risk assessment, testing, monitoring, assurance, training and reporting across all applicable jurisdictions and FinCrime program
• Develop and implement compliance assurance strategies and programs to ensure that payments in the Americas adhere to relevant laws, regulations, and internal policies
• Conduct regular risk assessments to identify compliance gaps and vulnerabilities, develop and execute mitigation plans to address identified risks
• Develop a compliance monitoring program to ensure new laws and regulations that could impact the operations of business
• Develop a comprehensive regional risk issue tracker and mitigation plan to ensure proper closure of remediations in the Americas.
• Work closely with our FinCrimes team, regional and country CCO on remediation/resolution of issues including root cause analysis
• Provide timely updates on outstanding compliance issues and initiatives
• Oversee compliance audits and assessments, both internal and external
• Collaborate with audit teams to address compliance findings and implement corrective actions
• Develop outsourcing program oversight, ensure the monitoring of SLAs of the department and third-party vendors to ensure deliverables are completed within prescribed timeframes
• Collaborate with key compliance leaders to develop appropriate training programs, SOPs, processes, and other compliance-related management programs to ensure team members are properly trained, working with current procedures, and follow processes that are efficient and provide oversight and controls
• Prepare compliance related updates for management, the Board of Directors, and Audit Committees
• As a compliance champion, share key compliance risks, issues and latest regulatory trends across the Group entities
• Provide ongoing coaching and leadership to direct reports and others

Qualifications

• More than 15 years of experience as a Compliance professional at a payment/e-money institution, bank, fin-tech, financial regulatory agency and/or professional service firm serving financial institution clients
• Experience working across jurisdictions within the Americas and also familiarity with global fintech regulatory regimes.
• Strong knowledge of relevant laws, regulations, and industry standards
• Excellent analytical and problem-solving skills
• Exceptional communication and interpersonal skills
• Ability to work collaboratively with cross-functional teams
• Strong leadership and people management skills
• Experience in running compliance oversight assurance programs and dealing with internal and external auditors
• Ability to communicate, in a timely manner, with the Board/Senior Management on regulatory updates which may affect the business
• Demonstrate thought leadership and market presence relating to best practice and innovation
• Good understanding of the payment technology industry