Senior Regulatory Compliance Analyst
Xe, United Kingdom
Job Description
At Xe, we live currencies. We provide a comprehensive range of currency services and products, including our Currency Converter, Market Analysis, Currency Data API and quick, easy, secure Money Transfers for individuals and businesses. We leverage technology to deliver these services through our website, mobile app and by phone. Last year, we helped over 300 million people access information about the currencies that matter to them and over 225,000 people used us to send money overseas.
We are proud to be part of Euronet Worldwide (Nasdaq: EEFT), a global leader in processing secure electronic financial transactions. Under their Money Transfer division, Xe and Ria Money Transfer have been brought together to help establish the third largest money transfer business in the world.
How will you help Xe become more successful?
Reporting into the UK Head of Compliance (HOC), the Senior Regulatory Compliance Analyst is responsible for supporting the HOC in the implementation and ongoing oversight of the UK based Compliance regime including but not limited to performing regulatory filings, assisting with independent reviews or examinations, and conducting regulatory assurance reviews designed to ensure the program complies with regulatory requirements and internal policies. In addition, you will be responsible assisting in the oversight of the Financial Crime Compliance, ensuring that Xe’s products and services offered are in compliance with local regulatory obligations and the operations are consistent with regulatory requirements and conditions.
Our principles
- AMBITION- We dream big, try things out and always ask why not? and what if? We’re ambitious in our thinking and our delivery
- RESPONSIBILITY- We get involved, bring our perspective and are always open to new ideas. We take personal responsibility
- COMMUNITY- We value a sense of belonging, trusting each other and encouraging authenticity. We contribute to our community
What you’ll do:
- Regulatory Compliance -In coordination with the HOC, conducting regulatory compliance assurance reviews designed to provide assurance that the program is in compliance with current legal and regulatory conditions and aligning the business and its operations with future legal and regulatory requirements and conditions;
- Compliance Assurance Program:maintain systems and procedural excellence through regular compliance assurance monitoring, effective root cause analysis and continuous improvement;
- Financial Crime Programs:Working with responsible parties, responsible for oversight for all money laundering, counter-terrorist financing, and financial crime programs and controls;
- Assisting FIU with transaction analysis and SARs reporting obligations to the NCA;
- Escalation Management:Reviewing and investigating escalated sanction referrals, and undertaking external reporting to OFSI and/or OFAC for positive hits;
- Liaising with Law Enforcement Agencies and responding to requests for information;
- Regulatory Reporting:Preparing FCA statutory regulatory reports and submitting these through the RegData portal;
- Managing all senior management and certified persons records in line with Senior Managers and Certification Regime (SMCR) requirements and conduct annual checks to ensure all information is accurate and up to date;
- Policy Review amp; Documentation:In coordination with and support from the HOC, review Compliance policies and draft policy updates in relation to AML / Compliance obligations;
- New Regulatory Initiatives:Undertake horizon monitoring and keeping abreast of regulatory initiatives pertaining to payment services business; in particular, performing assessments / gap-analysis of relevant FCA publications (Discussion Papers, Consultation Papers and Policy Statements) and preparing new policy documents for board approval where required;
- Compliance amp; Business Policies:Assist with providing guidance into relevant business policies and operational plans impacted by legal, regulatory and risk/compliance issues;
- Complaints handling:Assist in the resolution of customer complaints referred to the Financial Ombudsman Service (FOS);
- Audit Reviews:Support coordination of resources for audit reviews, partner reviews and regulatory risk assessments;
- Support in the review, updating, or drafting of regulatory training material delivered to the business;
- Sharing Knowledge:Partner with business stakeholders to maintain up to date knowledge and expertise on core business activities and assists in the analysis of propose