Head of EU27 Compliance & MLRO

OANDA is a global leader in online multi-asset trading services, currency data, corporate payments and FX services.

Everyone at OANDA is focused on our vision to transform how our customers can meet all their currency needs. From our roots in 1996 that provided free currency exchange information to launching a multi-award winning global FX and CFD trading business to our recent new venture of money transfer. OANDA is now a major global player.

Join us and: 

• Work on an award-winning platform that processes billions of dollars every day.
• Be on a team that’s responsible for company-wide top priority projects.
• Deliver reliable software on an agile team striving for continuous integration, automated testing, and code reviews.
• Contribute innovative ideas to improve the daily trading experience of thousands of customers.
• Improve yourself and your team through education and continuous learning.

Head of EU27 Compliance & MLRO has overall responsibility and accountability for ensuring that all regulatory risks are identified, managed and monitored with systems and controls fit for purpose. Plan, develop and implement an appropriate Compliance and AML strategy, which complements the firm’s overall strategy. Owns the ongoing relationship with the regulatory authorities, and both leads and manages a supporting team of Compliance and AML focussed professionals. 

Job Summary

Reporting to the Global Head of Compliance (with a dotted reporting line to firm’s CEO), the Head of EU27 Compliance & MLRO has overall responsibility and accountability for ensuring that all regulatory risks are identified, managed and monitored with systems and controls fit for purpose. Plan, develop and implement an appropriate Compliance and AML strategy, which complements the firm’s overall strategy. Owns the ongoing relationship with the regulatory authorities, and both leads and manages a supporting team of Compliance and AML focussed professionals.

Responsibilities

• Member of Management Board: Director responsible for Compliance and AML matters. Contribute to discussions by providing compliance and AML expertise and advice, ensuring regulatory requirements can be met and conflicts of interests managed.
• EU wide rules and regulations: Ensure up to date with Polish, ESMA and EBA regulatory and AML laws and regulations, as well as a broad awareness of pan-EU requirements. Horizon scanning for impending regulatory changes and the future EU regulatory and AML landscape which would impact the firm.
• Provide subject matter expertise: Provide advisory support as the EU compliance and AML subject matter expert on new initiatives, supporting the business stakeholders. Provide advice and guidance on all compliance and AML, including client onboarding and funding, escalations and enquiries. Advise and assist the firm with its compliance with its regulatory obligations, including Anti Money laundering, in a timely and efficient manner.
• Policies: Owner of a number of key regulatory and AML focussed policies. Advise and assist business units on enhancing their policies and procedures to reduce or mitigate against regulatory operational risks.
• Key Regulatory and AML metrics: Preparation and presentation of key metrics at various committees and Boards. Responsible for the accurate and comprehensive recording as well as actioning of metrics, such as: compliance monitoring outcomes, vulnerable clients, fraud incidents, STRs, STORs and SARs, sanction, PEP and adverse media screening, security incidents, complaints, transaction reporting, etc.
• Regulatory, AML and operational risks: Responsible for identifying key regulatory and operational risks, and proactive design and implementation of mitigating solutions. Advise and assist business units to implement effective systems and controls in relation to regulatory, AML and operational risks. Oversee periodic risk analysis reviews and manage periodic risk assessments.
• Process implementation and management: Design, develop, implement, and manage compliant business operation processes and advise, assist, monitor and assess compliance with all regulatory obligations.
• Alignment: Modify and align all business operation processes with appropriate and relevant regulatory and AML policies to meet regulatory requirements.
• Compliance monitoring: Develop, enhance, evolve, implement and own a comprehensive compliance monitoring/ testing programme, to ensure and provide assurance that all operations, systems and controls are operating effectively in line with regulatory requirements. Including the implementation of monitoring methodologies and test scripts to ensure the efficacy of control design and effectiveness in mitigating compliance, AML and operational risk. Sign off of review reports, assessing detailed findings and resultant practical remediation recommendations prepared by the Compliance monitoring specialist. Thereafter, oversee the successful implementation of remediation solutions.
• Pre-audit preparedness: Responsible for preparation for internal and external audits as well as regulatory examinations/ inspections. Identify and implement plans for the remediation of weaknesses and deficiencies. Lead the organisation, administration and internal communications with auditors/ regulators. Oversight and review of all documentation and responses to auditors/ regulators prior to submission of the relevant materials.
• Building professional relationships: Build effective working relationships with internal and external parties, including regulatory authorities.
• Training: Management of the administration and provision of all employee regulated online e-training and face-to-face compliance and AML related training, including training on internal policies and procedures, the application of standards and guidelines and relevant laws and regulatory requirements, promoting, embedding and enhancing a strong compliance culture across the whole firm.
• Direct Reports: Strong leadership of the EU compliance and AML focussed professionals, who make up the EU compliance team. Managing and developing at least 3 direct reports, and responsible for ensuring that all regulatory and AML associated obligations are met, for example: complaint handling, financial promotion reviews, transaction reporting, digital security, etc. Maximise ‘client on-boarding’ in terms of meeting legislative and regulatory requirements and commercial needs, in the most effective manner.

Requirements:

• Leadership: Bold, experienced leader who can effectively blend gravitas with a hands-on approach and be both a catalyst for change and then implement effective change management.
• Manages complex information: Can make sense of highly complex, and conflicting information. Detect patterns, identify issues, and reflect upon possible consequences and implications of different measures taken to resolve the problems at hand.
• Business knowledge: Possesses a thorough understanding of the business, its objectives, and has the required industry knowledge to work towards advancement of the organisation’s goals. Monitors business news, industry changes, market situations, monitors other changes in the internal and external environment – and applies existing knowledge to make the right decisions.
• Effective communication: Communicates the needs clearly to subordinates in a clear and articulate manner. Keeps the relevant stakeholders informed on new developments, and actively takes interest in maintaining communication with team members to keep a tab on internal processes.

Skills

• Compliance management: Fully conversant with the legal and regulatory obligations governing the operations of a firm operating in the EU and offering the current range of products, ie: CFDs across a range of asset classes, physical shares and FX payments exchange. Excellent attention to detail.
• Relationship management: Works with others and forges productive working relationships with all employees at the firm. Builds work relationships with internal stakeholders to achieve mutual objectives with the aim of achieving organisational goals in a compliant manner.
• Assessment: Proven judgement and decision-making skills. Can use multiple sources of information to draw reasonable conclusions and use them to make decisions for which they are accountable, and recommendations for the advancement of organisational objectives in a compliant manner. Ability to evaluate issues from a regulatory perspective, with a pragmatic business focussed common sense approach. Effectively balance risk and opportunity, thinking creatively to enable the business to make appropriate informed decisions.
• Problem-solving: Can identify problems quickly and resolve them in a quick, effective and seamless manner while causing the least amount of hindrance to compliant operations. Must be execution oriented and be able to manage multiple problems/ challenges with multiple varied deadlines.

OANDA Global Corporation is a diverse and global team with offices around the world. We value the unique skills and experiences each individual brings to OANDA. We are committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide an inclusive and accessible environment for everyone.

Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible. 

Learn more about our culture here

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