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Head of Compliance, EMEA

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Remitly

Aug 31

  • Job
    Full-time
    Expert Level
  • Legal
  • Cork
  • Quick Apply

AI generated summary

  • You need 12+ years in compliance, a related degree, EMEA regulatory knowledge, and experience with PSD2 and AML/CTF. Travel up to 15% required.
  • You will ensure compliance with regulations, manage financial crime risks, oversee regional implementations, engage with regulators, and provide strategic guidance to support business growth.

Requirements

  • - 12+ years of experience in a compliance focused role and preferably with regulatory experience; Bachelor's degree in Law, Business, Auditing or related field.
  • - Understanding of the regulatory landscape in EMEA
  • - Sufficient background to satisfy any pre-appointment checks to be appointed as the AML/ CTF Compliance Officer of the relevant regulators.
  • - Independence and tenacity to work as a self starter, but also works well under direction and in a team setting
  • - Is comfortable managing numerous aspects of a compliance program in multiple jurisdictions, not only AML/CTF compliance
  • - Knowledge and experience with PSD2, Outsourcing and other regulations impacting our business
  • - Willingness to travel to Remitly's Global headquarters in Seattle, Operations Centers and offices in Europe. Estimated travel is 15%, but may be more in the first year of employment.

Responsibilities

  • Support the business to grow in a manner which is compliant and scales, and in line with our risk appetite.
  • You will work with the business to ensure Remitly manages the Compliance risks that it faces.
  • You are in a senior leadership role focused on and responsible for ensuring that Remitly operations are effective in countering the risk that our services might be used or targeted for financial crime activities.
  • You will be an important risk management role with a broad remit and responsibilities including:
  • Partner with the business to support compliant business growth leveraging solutions that scale across regions
  • Maintain oversight of the changing regulatory environment of the EMEA region, and work closely with Director of Regional Compliance to ensure executives are kept informed on regulatory developments and their business impact
  • Implement Remitly compliance strategy, policy and standards, controls, systems and ensure they are implemented at the regional level
  • Lead the EMEA team to work with relevant contacts in business, risk and central compliance functions to ensure consistent application, and implementation, and controls to evidence related AML standards, policies and procedures
  • To provide strategic direction and guidance to for compliance related issues including the implementation of a risk management framework
  • Provide advisory services to the business to ensure clear understanding of financial crime risk exposure for clients, transactions and products
  • Engage with key regulators, law enforcement, and other government bodies and agencies on regulatory and licensing matters.
  • Provide Board reports as required, and support the local Compliance Heads on subsidiary board reporting and matters.

FAQs

What is the primary responsibility of the Head of Compliance, EMEA?

The primary responsibility is to ensure that Remitly's EMEA business maintains full compliance with applicable laws and regulations, managing legal and regulatory risks.

What level of experience is required for this role?

A minimum of 12+ years of experience in a compliance-focused role is required, preferably with regulatory experience.

What qualifications are necessary for applying to this position?

A Bachelor's degree in Law, Business, Auditing, or a related field is necessary.

What types of risks will the Head of Compliance, EMEA be managing?

The Head of Compliance will manage compliance risks, particularly those associated with financial crime activities and regulatory compliance.

Is travel required for this position?

Yes, there may be an estimated travel requirement of 15%, particularly to Remitly's Global headquarters in Seattle and other European offices.

What are some of the specific tasks involved in this role?

Specific tasks include implementing compliance strategies, leading the EMEA compliance team, engaging with key regulators, and providing advisory services to the business.

What types of regulations should candidates be familiar with?

Candidates should have knowledge and experience with regulations such as PSD2, Outsourcing, and other regulations impacting the business.

What kind of team will the Head of Compliance, EMEA be part of?

The Head of Compliance will be part of a global regulatory compliance team that collaborates closely and supports one another.

Are there any benefits offered with this position?

Yes, benefits include 34 days of vacation, private medical insurance, a group pension plan, employee stock purchase options, and mental health and family forming benefits.

How does Remitly support diversity and inclusion?

Remitly is committed to nondiscrimination and creating an inclusive environment for all employees, celebrating diversity across the organization.

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Remitly

We are united through our mission - to tirelessly deliver on our promise to immigrants sending money across the world.

Finance
Industry
1001-5000
Employees
2011
Founded Year

Mission & Purpose

Remitly is a company that provides digital remittance services, enabling individuals to send money internationally in a safe, convenient, and cost-effective manner. Their ultimate mission is to transform the lives of immigrants and their families by providing them with financial inclusion and empowerment. Remitly's purpose is to create a global financial system that is more inclusive, accessible, and fair, allowing people to seamlessly send and receive money across borders, bridging the gap between loved ones and promoting economic opportunities worldwide.

Benefits

  • Continuing Education or Travel Stipend

    Spend up to $1,000 per year on costs related to continuing education or on travel to countries Remitly serves, allowing you to gain insights to our customer’s journeys.

  • Office Culture

    All of our office spaces offer our employees a place to collaborate and celebrate. With locally sourced artwork and vibrant designs, they create an environment that all can enjoy.

  • Flexible PTO, Schedules and Leaves

    Fill your cup up outside of work and take advantage of our generous paid time off policies, leave policies, and flex working hours to ensure you are able to meet the demands of life outside of work.

  • DEI Learning Opportunities

    Tap into the learning routines, resources and affinity groups Remitly provides to help you further your own DEI journey.