Chief Compliance Officer
Task information:
Payhawk Financial Services UAB has submitted a well-crafted application to obtain an EMI license to the Bank of Lithuania. They are looking for an extraordinary Chief Compliance Officer to take charge of PFS UAB’s compliance function.
As a senior team member, you will:
Be responsible for management of PFSL’s compliance risks and for the development and the implementation of the overall strategy of the PFS UAB’s compliance function, including in relation to governance and culture; strategy and objective setting. Ensure processes are in line with statutory and regulatory requirements and industry guidance; and Be directly accountable to the firm’s Management Board and will be permanent attendee of the meetings of the firm’s Management Board.
Responsibilities:
- Establishing and maintaining PFS UAB’s Compliance framework to enable the identification, measurement, monitoring, and control of compliance risk;
- Overseeing and managing PFS UAB’s compliance with regulatory requirements applicable to Electronic Money Institutions, including financial requirements (solvency and liquidity), regulatory reporting, and customer safeguarding, ensuring safeguarding requirements for funds within scope and managing associated risks;
- Managing PFS UAB’s compliance with regulatory requirements relating to the provision of credit products and services, including product design, risk management and control, customer treatment and marketing;
- Ensuring compliance with the PFS UAB’s internal policies, including adequate knowledge of them and documenting compliance;
- Updating policies and procedures in response to legal/regulatory reform and collaborating with internal teams on implementation/operational change;
- Monitoring pending regulatory changes and preparing for compliance with them;
- Ensuring dissemination of updates to regulations and compliance procedures to business units, control units, the CEO and the board;
- Together with risk management and internal audit, contributing to establishing an enterprise-wide risk management framework;
- Managing the roll out of conduct and compliance training to PFS UAB’s and Group employees; and reporting to the Board.
Requirements:
- At least 3 years’ experience in a banking, payment or law industry in the compliance area, with proficient knowledge of laws and regulations in Lithuanian and the EU;
- Ability to provide technical guidance and direction in lending compliance;
- General familiarity with laws and regulations governing companies;
- Adequate expertise and resources to fulfill the compliance function;
- Ability to engage appropriate external assistance;
- Good understanding of the SaaS industry and venture-backed businesses;
- Experience in a fast-scaling, high-velocity and dynamic environment, ideally with a track record of successfully building business, operating and outsourcing processes from scratch;
- Integrity and understanding of duties of loyalty and care;
- Great communication skills;
- Good reputation and immaculate track record (as candidate will be notified to the Bank of Lithuania); and honesty and ethical behavior;
- Candidate to be based and have status to work in Lithuania.
Company offers:
- 30 days holiday paid leave
- Competitive compensation package
- Two weeks exchange policy to another Payhawk office (London, Berlin, Barcelona, Amsterdam, Sofia)
- Flexible working hours and opportunity to work from home
- Regular team-wide events
- Additional Medical care
- Opportunity to use the Payhawk product
Contacts
Contact person:
Miglė Kasperavičiūtė
Phone:
E-mail:
Confidentiality guaranteed. Only selected candidates will be informed.