Senior Regulatory Compliance Officer

YouLend; London; On-site; GBP 60,000 - 80,000

Job description

About Us

YouLend is the preferred global embedded financing platform for many of the world's leading e-commerce sites, tech companies, and payment services providers such as Amazon, eBay, Shopify, Mollie, Dojo, Paysafe, Just Eat Takeaway, and Takepayments. Our software platform and APIs enable our partners to offer flexible financing products, in their desired branding, to their merchant base. With YouLend's AI-driven credit risk assessment solutions, more merchants and SMEs than ever can receive fast, flexible, and affordable funding. We operate in 9+ geographies across the UK, EU, and the US.

We believe that the future of financial services will be delivered by customer-oriented tech companies that embed financing in their customer journeys, and we are building the solutions that will power that future.

The Role:

The Senior Regulatory Compliance Officer will be a key figure in ensuring YouLend maintains a robust regulatory compliance framework. Reporting directly to the Global Head of Compliance and working closely with the General Counsel and senior management, this role will focus on enhancing compliance processes, monitoring regulatory risks, and ensuring adherence to FCA, EU, and global standards as we pursue additional regulatory authorisations.

This role offers an exciting opportunity for an experienced compliance professional to play a pivotal role in shaping our regulatory compliance function and grow into a "Head of Regulatory Compliance" role as we scale.

Requirements

Compliance Framework Design and Implementation:

• Collaborate with the Global Head of Compliance to design, implement, and continuously improve YouLend's Compliance Monitoring and Testing Programme.
• Provide guidance on regulatory risks, helping the business navigate complex compliance landscapes in the UK, EU, US, and other jurisdictions.

Monitoring and Testing:

• Perform thematic reviews and escalate findings to stakeholders, working with relevant teams to address and mitigate risks.
• Conduct ongoing monitoring of processes to ensure that key regulatory risks are identified, regularly assessed, and addressed.
• Perform "check the checker" testing on 1st line controls and provide constructive feedback to enhance their effectiveness.

Regulatory Risk Management:

• Perform comprehensive Compliance Risk Assessments to identify and prioritize key regulatory risks across YouLend's operations, including areas such as Governance, Business-Wide Risk Assessments (BWRA), Consumer Duty, Complaints, Commercial, and Safeguarding.
• Lead the identification, assessment, and ongoing monitoring of current and future regulatory risks, including gap analysis of new regulatory initiatives and guidance from the FCA (e.g., Consumer Duty).

Regulatory Reporting and Engagement:

• Lead regulatory reporting processes to ensure timely and accurate submissions to the FCA and other relevant authorities.
• Serve as a point of contact with regulators, handling queries, audits, and ongoing communications.
• Stay updated on evolving regulatory landscapes and proactively advise the business on potential impacts and compliance strategies.

Policy Development and Process Improvement:

• Advise on and contribute to the enhancement of policies and processes to address regulatory requirements and mitigate risks effectively.
• Develop training and communication strategies to embed a compliance-first culture within the organization.

Tracking and Reporting:

• Track and monitor progress against the annual monitoring programme, adapting it to the changing regulatory and business environment.
• Ensure actions are tracked to closure, including post-closure testing and monitoring, where appropriate.

Essential Qualifications and Experience:

• A minimum of 7 years experience in a regulatory compliance role ideally within the financial services industry, payment institution, electronic money institution, or a similar regulated entity.
• Demonstrable experience in implementing and managing compliance frameworks, particularly for FCA-regulated entities.
• Experience leading regulatory reporting processes and acting as a liaison with regulators such as the FCA is a strong plus.
• Familiarity with EU regulatory regimes and experience supporting applications for new regulatory authorizations is a strong plus.
• Experience working in B2B financing or corporate lending is desirable.

Skills:

• Strong knowledge of FCA regulatory requirements, including the FCA Handbook, Payment Services Regulations (PSRs), safeguarding rules, and JMLSG guidelines.
• Proven ability to assess and manage regulatory risks, with experience in conducting thematic reviews and compliance monitoring.
• Expertise in key compliance themes such as governance, complaints handling, safeguarding, product governance, and outsourcing, and an in-depth understanding of risk mitigation frameworks.
• Exceptional analytical skills, including conducting gap analyses to address new regulatory initiatives and guidance.
• Strong written and verbal communication skills, with experience preparing high-quality reviews, assessments, and reports for senior stakeholders and regulators.

Benefits

Why join YouLend?

• Award-Winning Workplace: YouLend has been recognised as one of the "Best Places to Work 2024" by the Sunday Times for being a supportive, diverse, and rewarding workplace.
• Award-Winning Fintech: YouLend has been recognised as a "Top 250 Fintech Worldwide" company by CNBC.

We offer a comprehensive benefits package that includes:

• Stock Options
• Private Medical insurance via Vitality
• EAP with Health Assured
• Enhanced Maternity and Paternity Leave
• Modern and sophisticated office space in Central London
• Free Gym in office building in Holborn
• Subsidised Lunch via Feedr
• Deliveroo Allowance if working late in office
• Monthly in office Masseuse
• Team and Company Socials
• Football Power League / Squash Club

At YouLend, we champion diversity and embrace equal opportunity employment practices. Our hiring, transfer, and promotion decisions are exclusively based on qualifications, merit, and business requirements, free from any discrimination based on race, gender, age, disability, religion, nationality, or any other protected basis under applicable law.

Salary range: £55,000 - 75,000 + Annual bonus