Compliance Manager – Banking and Payments

Role Summary

The Compliance Manager for Banking & Payments oversees the Group’s compliance with payment services regulations and anti-money laundering (AML) controls. This role focuses on managing AML frameworks, supporting payments compliance, and ensuring adherence to client money rules. The ideal candidate has a strong background in a payment institution and in-depth knowledge of AML regulations and the Payment Services Regulations (PSRs).

Main Responsibilities

• Manage the firm’s AML/CTF policies and procedures, ensuring they are up-to-date and effective.
• Take a lead role in preparing for and managing insurer and bank AML and Client Money Audits.
• Support all aspects of payments compliance work, ensuring adherence to the Payment Services Regulations 2017.
• Conduct regular AML risk assessments and ensure the effective implementation of controls.
• Oversee and conduct quality assurance on key financial crime processes, including CDD, EDD, transaction monitoring, alert reviews, and SAR filing.
• Report suspicious activities to the National Crime Agency (NCA) and other relevant financial intelligence units.
• Provide training and practical guidance to staff on financial crime and payments compliance matters.
• Perform risk assessments for new business initiatives related to banking and payments.
• Chair or participate in relevant compliance committees.

Required Experience & Qualifications

• Proven experience in a compliance role within an authorised payment institution.
• Experience as an MLRO or Deputy MLRO is highly desirable.
• In-depth knowledge of FCA regulations, the Money Laundering Regulations (MLRs), and the Payment Services Regulations 2017 (PSRs).
• Demonstrable experience in developing and implementing AML frameworks and controls.
• Strong practical experience with client onboarding (CDD/EDD), transaction monitoring, and SAR reporting.
• Experience with identification of consumer duty metrics, and collation and analysis of this MI, producing reporting for Board and Exco.
• Ability to work alone and be very hands‑on in a fast‑paced environment.
• Professional qualifications in compliance or financial crime (e.g., ICA) are advantageous.
• Exceptional communication skills and high ethical standards.

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