Head of Compliance

Job description

You’ll have great impact in this role if:

  • You have worked in startups / small businesses before as a single compliance contributor
  • You enjoy working across different levels of the business, are passionate about educating the business on how compliance is done well and are ready to be the moral compass in strategic decisions
  • You have direct consumer credit experience
  • You have worked in highly regulated businesses

If you don't yet tick off all the above but wish to, don't worry, read on and see the challenge at hand!



About StudentFinance


StudentFinance is a venture-backed company with the mission of removing barriers to education and empowering economic mobility.

We deeply believe in the power of education and that access to education should not depend on one's financial background. Currently, millions of people are in need of reskilling and are not able to fulfil their potential due to financial barriers.

So we are building the technological, data, and financial infrastructure to offer outcomes-based financing. We enable students to defer the payment of their tuition fees and only start making repayments after generating an income. At StudentFinance we are all about aligned incentives. Our end game is to support our customer's transition to employment and financial health.

To get there, we are building a world-class team of purpose-driven and entrepreneurial people, working in a remote setting from cities across Portugal, Spain, UK and other countries in Europe.



About the role


As the Head of Compliance of the company, you’ll be the moral compass and the gatekeeper in our team. Our team is strongly committed to creating a product that creates better opportunities for people in order to support fairness and equity. As the Head of Compliance, you will oversee and educate the wider business on how we can achieve this ambition in different markets in a compliant manner.

You’ll be in charge of driving strong compliance culture through educating and business partnering throughout the organisation. The Head of Compliance's inputs are essential to strategic decisions about our operational processes and procedures, product and other areas of the business. It will be your responsibility to ensure that the company meets applicable statutory and regulatory requirements, as well as continuously educating the business about these requirements. The Head of Compliance will be the point of contact for both internal and external stakeholders such as regulators (FCA, BAFIN), our school partners and external legal teams globally.

The Head of Compliance is an integral part of the Leadership Team, will have Director level responsibilities and will directly report to the Co-Founders of StudentFinance.


Role responsibilities


  • Take full ownership of building the Compliance Department

  • Have oversight of financial crime and compliance

  • Develop MI reporting to provide assurance compliance and risk reporting

  • Develop and deliver the Compliance Report to the Board and ensuring that the Board are fully appraised of compliance, risk and financial crime matters

  • Interrogate the data in order to answer questions from management and to identify trends

  • Organise and evaluate the output of regular testing of policies and procedures in relation to statutory and regulatory requirements.

  • Ensure relevant compliance policies and procedures are implemented and are working effectively.

  • Assist with reporting in respect of matters relating to the FCA.

  • Provide legal advice and contract drafting

  • Act as the FPOC for the FCA

  • Fulfil the role of DPO

  • Fulfil role of MLRO

  • Drive compliance related education throughout the team


Prescribed Responsibilities


  • The performance of the firm of its obligations under the SMR

  • The performance of the firm of its obligations under the Certification Regime

  • The performance of the firm of its obligations in respect of notifications and training of the Conduct Rules

  • Responsibility for the firm’s policies and procedures for countering the risk that the firm might be used to further financial crime



Job requirements

About you


  • Strong statutory and regulatory knowledge and have experience of operational risk
  • Excellent communication, team working and documentation skills
  • CF10, CF11, SMF16, SMF17 experience preferable
  • SMF16 and SMF17 approval would be required
  • You have been previously approved by the FCA
  • You are a UK resident
  • You have expert knowledge of GDPR requirements


Benefits



At StudentFinance, we believe our team is our biggest asset. We are very ambitious and hard-working and expect that this benefits package motivates and generates well-being in the team. Please find below a summary of the current benefits package:


  • Equity 📈
  • You can freely chose your location, we are remote first! ✈️
  • Unlimited vacation days and flexible working hours - be your own boss! 🏝
  • Yearly home office allowance 👩‍💻
  • Newest MacBook/PC of your choice 💻
  • Personal development budget 🤓
  • Annual retreats 🧳🛥🏔✈️🏝🫶