Director of Compliance and Regulatory Affairs (Payments)

What this job can offer you

The Director of Compliance and Regulatory Affairs for Payments is responsible for overseeing and managing compliance with regulatory requirements (e.g., AML/CTF policies, Sanctions), industry standards, and internal policies specific to the payments industry. This role involves developing, implementing, and maintaining compliance programs, ensuring adherence to relevant laws and regulations, and mitigating risk within the payments ecosystem. The Director will also liaise with regulatory bodies and lead efforts to align company practices with evolving payment regulations.

What you bring

• Strong and vast experience in Compliance, Financial Crime, Regulation, and Fraud.
• Proven ability to lead a department and manage a team.
• Relevant qualifications in compliance, such as ICA or equivalent certification.
• Extensive knowledge of international compliance standards, regulatory requirements, and fraud prevention strategies. Particular focus in European Union and UK payments regulation
• Strong analytical and problem-solving skills, with the ability to make data-driven decisions.
• Excellent communication and interpersonal skills, with the ability to build relationships with stakeholders at all levels.
• Ability to work independently and proactively in a remote or hybrid work environment
• Experience working with European regulators strongly preferred
• Writes and speaks fluent English
• It's not required to have experience working remotely, but considered a plus

Key Responsibilities

• Develop, implement, and maintain compliance policies and procedures that align with international regulatory requirements.
• Lead the compliance and regulatory functions for the organization's entities, ensuring adherence to global standards and requirements.
• Manage the teams performing CDD/EDD and broader KYB and KYC processes and act as primary escalation point
• Ensure consistent oversight and governance across all entities to maintain high compliance standards.
• Manage the global portfolio of compliance risks, ensuring proactive identification, assessment, and mitigation of risks.
• Act as the primary point of contact for regulatory bodies, ensuring effective communication and compliance with all regulatory obligations. Act as Compliance Officer / Risk Officer in Remote’s regulated jurisdictions
• Conduct regular compliance audits and monitoring activities to ensure adherence to internal policies and regulatory requirements.
• Lead the development and delivery of compliance training programs to educate employees on regulatory requirements and fraud prevention strategies.
• Prepare and present regular reports on compliance status, risk assessments, and fraud prevention activities to senior management and the board of directors.

Practicals

• You'll report to: Chief Legal Officer
• Direct reports: 11 compliance team members
• Location: For this position we welcome everyone to apply, but we will prioritise applications from the following locations as we encourage our teams to diversify;
• Start date: As soon as possible

Remote Compensation Philosophy

Remote's Total Rewards philosophy is to ensure fair, unbiased compensation and fair equity pay along with competitive benefits in all locations in which we operate. We do not agree to or encourage cheap-labor practices and therefore we ensure to pay above in-location rates. We hope to inspire other companies to support global talent-hiring and bring local wealth to developing countries.

At first glance our salary bands seem quite wide - here is some context. At Remote we have international operations and a globally distributed workforce. We use geo ranges to consider geographic pay differentials as part of our global compensation strategy to remain competitive in various markets while we hiring globally.

The base salary range for this full-time position is between $135,900 to $152,900 USD. Our salary ranges are determined by role, level and location, and our job titles may span more than one career level. The actual base pay for the successful candidate in this role is dependent upon many factors such as location, transferable or job-related skills, work experience, relevant training, business needs, and market demands. The base salary range may be subject to change.

Application process

Roughly 4 hours across 6 weeks

1. Interview with recruiter
2. Interview with COO
3. Interview with Head of Payments
4. Interview with team members (no managers present)
5. Interview with Chief Legal Officer
6. Prior employment verification check

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Last updated on Aug 9, 2024