Compliance Manager

Compliance Assurance & Advisory Manager 

Edinburgh

• Are you curious, excited by experimentation and always looking for a better way of doing things?  
• Do you want to keep learning and developing whilst getting hands-on, payment-building experience?
• Do you want to have the opportunity to advance your knowledge of Compliance?

If so, we would love to hear from you!

We are looking for a Compliance Assurance and Advisory Manager to join our Second Line Risk and Compliance Function.  They will help to manage our compliance risk, ensuring that our approach to assurance across UK and Europe continues to evolve to support the needs of our scaling business. In addition, they will provide advice and guidance on compliance matters for the UK regulated entity.   

This role will report directly to the Head of Risk & Compliance for UK and the role-holder will have direct line management responsibility for a Compliance Assurance Analyst.  

This varied role will suit someone who enjoys coaching and developing team members (15%); developing structured processes, methods and guidance (15%); providing compliance advice in response to ad hoc queries (20%) and undertaking hands-on compliance assurance activity (50%). 

About Us

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables thousands of businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment methods, accounts, and card products.

We’ve created an industry-leading platform with comprehensive online tools and API access, to meet the demands of daily business payments. We are connected to an expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS. Our payments expertise and extensive product capability also enables us to build tailored solutions to solve complex payment problems for hundreds of clients in a range of industries, including Travel, Merchant Payments, Lending, Wage Advance and Investment & Wealth.

We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs, and hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in 11 currencies. We are principal issuing members of Visa and Mastercard across UK and Europe.

Our regulatory permissions and governance structure underpin our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.

Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by the venture arms of payments giants PayPal and FIS, as well as growth investors Blenheim Chalcot, General Atlantic, Frog Capital and Europe.

Modulr now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam and Mumbai.

Modulr values

• Building the extraordinary and going that extra mile
• Owning the opportunity, be passionate and proud of the time you invest
• Move at pace, reach your goals faster with us supporting you each step of the way
• Achieve it together, working as a team and being Modulite

Responsibilities 

• Provide compliance advice and guidance to the wider business on the application and interpretation of rules and regulations applicable in the UK (PSRs, EMRs, MLRs, FCA Handbook, EBA Guidelines etc) to support a “compliance by design” ethos and make it easy for first line team to understand what action they need to take. 
• Develop, refine and embed the existing Modulr compliance assurance approach.  
• Own the annual compliance assurance plan, taking a risk-based approach to determine the scope, priority, frequency and nature of assurance that will be undertaken, in collaboration with internal stakeholders including Internal Audit and first-line teams.    
• Deliver against the compliance assurance plan – taking a proactive and inquisitive approach to assess the adequacy and effectiveness of controls and identify corrective actions.   
• Communicate the results of compliance assurance through high quality evidence-based reports, identifying common themes and trends and providing insight to first line teams that is pragmatic, proportionate and able to withstand challenge. 
• Ensure corrective actions and remediation actions are agreed and tracked through to resolution.  
• Develop the targeted mapping of regulatory requirements, compliance evidence and internal/external assurance.  
• Line manage the Compliance Assurance Analyst, including development planning, agreeing goals, conducting regular 121s, evaluating performance, coaching and skills transfer.     
• Identify and implement improvements to the Modulr Policy Framework, working with policy owners to ensure policies are reviewed regularly, remain fit for purpose, and are embedded in BAU practices.  
• Provide high quality, informative and timely management information to the Executive Leadership Team, Audit and Risk Committees and Boards to enable them to discharge their regulatory compliance responsibilities. 
• Contribute to the wider Second Line Risk and Compliance Team activities as required, such as regulatory reporting; championing a strong risk and compliance culture; providing input to RFIs/RFPs and supporting team development. 

 Skills and experience 

• Great engagement and influencing skills, recognising the importance of developing strong relationships with stakeholders to achieve results.   
• Excellent verbal and written communication skills including the development of structured reports with actionable findings and recommendations.   
• Ability to coach and develop team members, leading by example to drive high-quality outputs that add business value. 
• Ideally, an understanding of different compliance frameworks, approaches and tools that you can adapt to Modulr’s organisational context. 

What can Modulr offer you

You’ll be part of a cross disciplinary team(s), some might be in Edinburgh, London, or Amsterdam. We are friendly and sociable, challenging but rewarding. We want you to push yourself and for us to support you in your future as we scale up and grow. Our culture and values are putting you first and are about investing in your future.

• Share Options Incentive Scheme
• Company Bonus - the more successful we are together, the more company bonus we offer
• Enhanced Pension
• Flexible benefits - £1000 to spend on a variety of benefits for you to choose from which suit your lifestyle and needs
• Perkbox - enjoy freebies and discounts on many other products and services
• 33 days holiday (including bank holidays) + your birthday off - choose which days you take off to relax and/or spend time with loved ones
• Learning Opportunities – on joining Modulr you will embark on our 3-day onboarding programme to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But, we don’t want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels and platforms to allow you to grow and develop in Modulr.
• Modulr hands-on - join your colleagues for our company wide events throughout the year.
• Great workspace - Modulr thrives on innovation which is best done through in-person collaboration. This approach enables us to work together closely, exchange ideas, and create innovative solutions that drive our success. We have state of the art offices located in Exchange Crescent in Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.

ModInclusion 

We believe that by seeing Modulr, and the world, from all sorts of angles, we can make life better for all.​ We want you to know that the things that make you, you — like your identity, age, ability, and background — are things that we will always celebrate and support with open arms.  As such, we are keen to maximise the diversity of our workforce and actively encourage applications from anyone and everyone.

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