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Head of Compliance - Deutschsprachig (m/w/d)

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iwoca

2mo ago

  • Job
    Full-time
    Senior & Expert Level
  • Berlin

AI generated summary

  • You have 7-10 years in compliance, expertise in financial crime prevention, native German, excellent English, strong management skills, and the ability to prioritize and adapt in a growing organization.
  • You will manage the German compliance team, oversee AML/CTF efforts, evaluate policies, monitor regulations, conduct risk assessments, and liaise with internal and external stakeholders.

Requirements

  • You have 7-10 years of experience in compliance. You have gained broad experience in compliance either with financial service providers or consulting companies and feel comfortable with topics ranging from GWG to KYC to GDPR.
  • Proven professional and academic experience in compliance with a focus on financial crime prevention (knowledge of German and European GDPR and AML/CTF regulations). Previous work in the banking or fintech sector would be an advantage
  • A degree in law or similar would be an advantage, but is not a mandatory requirement
  • Practical and theoretical management knowledge, skills in modelling approaches such as design thinking and project management
  • Experience in people management and development
  • Native German language skills and excellent written and spoken English skills
  • Confidence to liaise with employees or senior management colleagues and represent concerns or interests
  • Motivation for professional development in this area and the ability to research, quickly adapt and adjust to new requirements as the company grows
  • The ability to independently set clear priorities and prioritise workflows, complemented by an analytical mindset with a practical approach to problem solving
  • A good understanding of how organisations work, including their key risk and reward drivers

Responsibilities

  • - Strategic and operational management of the German compliance team including project management, OKR management and the compliance monitoring programme
  • - Managing, coaching and developing your employees in the German compliance team
  • - Exercising the RC function (‘responsable du contrôle du respect des obligations’) in the Luxembourg heavyweight company iwoca Management S.a.r.L (registered Alternative Investment Manager (AIFM) of its own Alternative Investment Funds (AIFs) for refinancing the German lending business)
  • - Management responsibility for German and Luxembourg compliance relevant topics, reporting and meetings/committees (e.g. quarterly risk committee at group level, quarterly board meetings)
  • - First point of contact for the cooperation with the colleagues of the Luxembourg AIFM
  • - First point of contact for liaising with our external data protection officer
  • - ongoing monitoring and reporting to ensure that iwoca adheres to compliance requirements with a focus on combating AML/CTF and other financial crime issues such as fraud
  • - Continuously evaluating the effectiveness of our policies, training and controls to ensure that our approaches and methods are appropriate and efficient
  • - ongoing monitoring of legal and regulatory developments and trends (horizon screening), as well as participation in industry forums and workshops to ensure that important developments are communicated to the affected units and management
  • - conducting regular compliance and AML/CTF risk assessments and reviewing policies/procedures (at least annually, but also in the case of new products, jurisdictions, markets, acquisition channels, etc.)
  • - Act as a central point of contact for questions and discussions related to relevant compliance topics

FAQs

What is the location for the Head of Compliance position?

The position is located in Germany, specifically in either Berlin or Frankfurt.

What qualifications are required for the Head of Compliance role?

Candidates should have 7-10 years of experience in compliance, preferably with financial service providers or consulting companies, and possess knowledge of GDPR, AML/CTF regulations, and KYC. A degree in law is an advantage, but not mandatory.

What are the primary responsibilities of the Head of Compliance?

The Head of Compliance will oversee the German compliance team, manage compliance monitoring programs, provide advice and training on compliance issues, and ensure adherence to regulations like AML and GDPR.

Is proficiency in languages important for this job?

Yes, native German language skills and excellent written and spoken English skills are required.

What kind of team environment does iwoca promote?

iwoca values a culture of learning and growth, emphasizing thought and skill diversity within a friendly and inclusive environment.

Are there opportunities for professional development in this role?

Yes, iwoca invests in the professional development of its team members and offers various training courses.

What benefits does iwoca offer to its employees?

Benefits include 26 days of vacation plus a free day for your birthday, a fully paid one-month sabbatical after 4 years, share options, mental health support, gym membership program, and more.

How does iwoca support work-life balance?

iwoca provides flexible work policies, ensuring employees can achieve a good balance between their professional and personal lives.

Will the Head of Compliance interact with other teams?

Yes, the Head of Compliance will closely interact with operational, administrative, and global compliance teams, among others.

Is experience in the fintech sector advantageous for this role?

Yes, previous work experience in the banking or fintech sector would be advantageous for applicants.

iwoca

Technology
Industry
201-500
Employees
2011
Founded Year

Mission & Purpose

iwoca is a fintech company that specializes in providing flexible and accessible small business loans. They offer quick and convenient funding solutions to small and medium-sized enterprises (SMEs) in the United Kingdom and Europe. iwoca's ultimate mission is to empower entrepreneurs and small business owners by providing them with the financial support they need to grow and succeed. Their purpose is to fill the funding gap that traditional banks often overlook, offering accessible and transparent lending options that cater to the specific needs of SMEs. By leveraging technology and data-driven assessments, iwoca aims to simplify the loan application process, make funding more accessible, and support the growth of small businesses, ultimately driving economic prosperity and fostering entrepreneurial success.

Culture & Values

  • Motivated

    Going to work shouldn't feel like a slog, so we want everyone in the team to personally care about what they're working on. We stay motivated by celebrating our wins, learning from our mistakes, and always looking for new gaps to step into.

  • Smart

    At iwoca being smart isn't about what you know, it's about how you think. Smart thinking means looking at each problem by asking ‘why’ first, then figuring out ‘how’.

  • Humble

    We know all ideas are flawed, all code has bugs, and everyone makes mistakes: it’s how we learn. For us, being humble means you question yourself first, rather than your team.

  • Growth Mindset

    We think there's always a better way to solve a problem. So we never let ourselves get comfortable with being good enough.

Benefits

  • Work where you work best

    Twice a year we rent houses in places like Sicily and the French Alps where each team can work together for a week poolside. We champion flexible working in all our teams.

  • Invest in iwoca

    We want people to be invested in iwoca's success so after six months you'll be awarded share options.

  • Keep yourself healthy

    We offer comprehensive health insurance and cash plans. You'll also get gym discounts and we host yoga classes in the office every week.

  • Start (and end) your day right

    Each floor of iwoca HQ has a fully stocked fridge for breakfast and every Friday we unwind with beers and wine.

  • Life-work balance

    We know your life outside of work comes first. We offer enhanced maternity and paternity leave for new parents plus a nursery benefit. We also have unlimited unpaid leave.

  • Learning and development

    Whether you want to learn to code, experiment with motion design, or beat cognitive biases you'll have time and budget to invest in your professional development.