Head of Compliance Ireland

At CurrencyFair, we're passionate about revolutionising the way people send and receive money around the world. As a peer-to-peer currency exchange, we're making it easier and more affordable for individuals and businesses to transfer funds across borders. We're looking for talented individuals who share our vision and want to join us in disrupting the traditional financial services industry. If you're excited about the prospect of using your skills to help people save money and time, we'd love to hear from you.

The role sits within CurrencyFair's broader second line Risk, Compliance and AML function, under the strategic leadership of the Strategic Head of Risk, Compliance & AML. The Head of Compliance retains appropriate independence, authority and accountability for the Compliance responsibilities assigned to the PCF 12 function, with direct access to the Board and relevant Board Committees where required.
Fitness & Probity
This role performs PCF 12 Head of Compliance and is subject to the Central Bank of Ireland's Fitness and Probity framework. The role holder must meet and continue to meet the applicable Fitness and Probity and Conduct Standards and complete CurrencyFair's relevant Fitness and Probity assessment and due diligence.

Key Responsibilities Include:

• Manage and oversee the day to day operation and effectiveness of CurrencyFair's regulatory compliance framework.

• Maintain appropriate compliance policies, procedures, controls and governance arrangements.

• Maintain oversight of CurrencyFair's regulatory obligations and ensure applicable requirements are appropriately identified, assessed and incorporated into the Compliance framework.

• Own and maintain the Compliance Risk Assessment and risk based Compliance Monitoring Programme.

• Oversee the execution of compliance monitoring and ensure identified issues and control weaknesses are appropriately documented, escalated and remediated.

• Provide independent second line advice, oversight and challenge to the business on regulatory compliance matters.

• Assess the compliance implications of new products, services, jurisdictions, business initiatives and material changes.

• Monitor relevant regulatory developments and coordinate their implementation within the Compliance framework.

• Oversee the identification, assessment, escalation and management of regulatory breaches and compliance incidents.

• Provide appropriate compliance management information and reporting to senior management, the Strategic Head of Risk, Compliance & AML, the Board and relevant Board Committees.

• Act as a senior point of contact with the Central Bank of Ireland and other relevant authorities on Compliance matters.

• Support and develop the Compliance function and promote a strong regulatory compliance culture across CurrencyFair.

• Work closely with Risk, AML/CTF and other control functions to maintain a coordinated and effective second line framework

Key Stakeholders

• CEO

• Senior Leadership Team

• Head of TM

• Customer Success and Onboarding Manager

• Head of Risk

• Head of AML/CTF

• Compliance Colleagues in other jurisdictions

Key requirements for success

• Subject matter knowledge and experience

• 6 years regulatory compliance experience within regulated financial services.

• Strong knowledge of the Irish and EU regulatory framework applicable to payment institutions.

• Experience operating at Head of Compliance, senior Compliance Officer or equivalent level.

• Experience developing and maintaining compliance risk assessments, monitoring programmes and regulatory frameworks.

• Strong knowledge of regulatory change management, breach management and compliance reporting.

• Experience providing independent second line advice and challenge on new products and material business changes.

• Experience engaging with senior management, Boards and regulators.

• Working knowledge of information security regulations requirements Skills and characteristics

• Strong judgement and the confidence to provide an effective independent challenge.

• Strong leadership, communication and stakeholder management skills

The organisation is committed to diversity and inclusion. By providing equal opportunities we foster a work environment which embraces diversity and gets the best out of the broadest spectrum of people to sustain business performance and competitive advantage. We build an inclusive culture by demonstrating respect for each other’s unique strengths and perspectives to enable every employee to develop a sense of belonging and have the opportunity to maximise their potential.

• Excellent communication skills, with the ability to explain complex analysis clearly and influence stakeholders at all levels, including senior management.

• A growth mindset and proactive approach to identifying and solving complex business challenges.

• Proven ability to translate business data requirements into real solutions through project ownership and delivery.

• A proactive, curious and pragmatic approach, with a strong sense of ownership and focus on delivering business impact rather than simply producing reports.