Product Compliance and Risk Manager - Assets

Job Description

We’re looking for a Product Compliance Manager to join and support the Assets Product Compliance team in the UK. This role is hands-on, a unique opportunity to have an impact on [Employer hidden — view at passion-project.co.uk]’s mission, grow as a product and compliance manager, and help save millions more people money.

Your Mission:

In 2021, [Employer hidden] launched the Assets product in the United Kingdom, a new type of account that has continued to expand and grow within the UK and abroad. Assets allows customers to invest the money they hold with [Employer hidden] in different asset classes such as stocks or bonds while retaining the instant access and spend functionality of a current account.

Your mission is to work with our product team based in London to improve our Assets offering both locally and at a global level in a compliant manner through a deep understanding of the regulatory requirements and regulators’ expectations around investment products.

This is a first line Product Compliance role, embedded in the Product team.

You, together with the global product team, will be responsible for:

Regulatory risk and remediation:

By demonstrating a deep understanding of the [Employer hidden] Assets product and local regulatory requirements you support Product and operational teams on how to interpret regulatory requirements, improve processes and our product to avoid regulatory breaches and/or incidents;

In collaboration with Risk and Compliance second line and the product team, identify and align on the main regulatory risks, gaps and forthcoming regulations. Present this in a very clear and understandable way to the wider teams, and work with them on defining the solutions and execution of mitigating actions

Product design:

Deeply understand regulatory needs, translate this into solutions and work together with the Product Teams to build compliant new products/features and services in a customer oriented way;

Perform regulatory analysis of new products/features and services, and implement required controls prior to launch.

Identify opportunities to improve our product proposition / competitiveness by thoroughly analysing relevant regulations and challenging existing interpretations and market practice

Third Party Relationships:

Provide input on regulatory related matters, always representing [Employer hidden] customer-oriented culture while ensuring compliance.

This role will give you the opportunity to:

• Grow your hands-on Fintech knowledge at full speed;
• Build world-class products: The role is a unique opportunity to build innovative state-of-the-art products that are compliant for our customers and regulators
• Work together with all our amazing teams globally

Ideal candidate:

Min 5 years of relevant experience in a compliance role within the retail investments, fund management, broker-dealer, or capital markets industry;

Deep working knowledge of securities regulations in the United Kingdom e.g. COBS, MiFID, FSMA, CASS 6/7;

Familiar with the evolving regulatory expectations of the FCA with regards to investment firms.

Other skill-set:

Ability to prioritise effectively and call-out what are the key areas of improvement and implementation required from a regulatory point of view;

Ability to effectively communicate with Product Managers and Engineers and provide practical, actionable, and value added recommendations;

Problem solving attitude, with the ability to use regulation together with data to drive business decisions;

A natural owner, that drives and delivers project from inception to completion, timely and with attention to the details; and

Legally authorised to work in the United Kingdom.

Nice to have:

Familiar with licensing and regulatory frameworks in multiple jurisdictions.