- Senior
- Ufficio in London
About Allica Bank
Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.
Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Role Description
This is a rare opportunity to own and shape the entire compliance and regulatory approach for a specific, innovative suite of credit products within a larger banking group.
As the Compliance Lead for our embedded finance and invoice finance products, you will be the architect of the compliance framework for this business line.
You will build upon the foundation of the bank's established policies to create tailored, fit-for-purpose strategies for KYC, AML, transaction monitoring, and regulatory engagement that meet the unique needs of our products and customers.
You will be the key subject matter expert, ensuring our innovative products scale safely and in full alignment with both regulatory expectations and the bank's risk appetite.
The role will act as MLRO for the subsidiary.
Principal Accountabilities
Architect, implement, and own the end-to-end Compliance & Financial Crime Framework specifically for our digital receivables lending product suite.
Design and deploy sophisticated, risk-based approaches to customer due diligence (CDD/KYC), sanctions screening, and transaction monitoring
Act as the primary compliance authority for the product team, providing expert guidance on regulatory requirements and risk mitigation for new product features and market expansions.
Oversee the day-to-day compliance operations for the product division, ensuring all activities meet the standards set by both regulators and the wider banking group.
Conduct regular product-specific compliance risk assessments and lead strategic initiatives to remediate any gaps.
Work with compliance monitoring and internal audit, ensuring all policies and procedures are audit-ready.
Serve as the crucial bridge between the product division and the bank's central compliance function, ensuring alignment.
Foster a culture of compliance awareness within the product division through training and proactive engagement.
Act as MLRO, including producing annual MLRO report and business risk assessment.
Act as a key point of contact for regulatory bodies on matters pertaining to the specific product suite.
Personal Attributes & Experience
Hands-on experience in a senior compliance role within fintech, digital lending, or a bank. Including knowledge of invoice/receivables/revenue based finance products
Proven experience in building or significantly enhancing compliance frameworks for specific products, not just maintaining group-wide policies.
Deep, practical knowledge of the UK regulatory landscape
Exceptional analytical and problem-solving skills, with the ability to translate regulatory text into actionable business requirements for tech and product teams.
A confident and influential communicator, able to engage and advise stakeholders at all levels, from engineers to the board.
High integrity, strong organisational skills, and an unwavering attention to detail.
Working at Allica Bank
At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.
Our employees are at the heart of everything we do, so our benefits are designed with you in mind:
Full onboarding support and continued development opportunities
Options for flexible working
Regular social activities
Pension contributions
Discretionary bonus scheme
Private health cover
Life assurance
Family friendly policies including enhanced Maternity & Paternity leave
Don’t tick every box?
Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!
Flexible working
We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
Diversity
We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
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