Regulatory Compliance Director

The Compliance Director for Currencycloud B.V. (CCBV) will be responsible for overseeing and developing the Compliance function for Currencyclouds EU operations. You will be part of the Legal & Compliance organisation and will be instrumental in maintaining relationships with regulators and developing and implementing compliance programs.

The candidate has the opportunity to sit on the Management Board of Directors for CCBV a payment service provider acting under an electronic money institution Incense issued by the Dutch Central Bank (DNB) contingent on performance review internal approval and external approval from the DNB.

Core responsibilities

• Responsible and accountable for maintaining the relationship with the DNB as key supervisor of Currencyclouds EU operations and CCBVs Supervisory Board of Directors

• Ownership of all regulatory reporting submitted on behalf of CCBV (Finrep IRAP SIRA etc) Oversee steer and provide quality assurance of regulatory reporting

• Responsible for strengthening of CCBVs regulatory compliance function ensuring it aligns with all Dutch and EU regulatory expectations alongside alignment with the standards expected of Visas suite of controls

• Responsible for collaborating and interacting with Group functions (outsourcing oversight etc)

• Ensure all employees are educated and trained on the latest regulations and processes

• Advise Senior Management within the group and CCBV Board on the companys compliance with laws and regulations through detailed reports

• Provide guidance to the CCBV Board on risk management and compliance matters

• Responsible for identifying and evaluating risks associated with the companys operations under the CCBV license. Working closely with the wider Legal Compliance Risk and other functions across Money Movement Solutions

• Accountable for the development and implementation of corrective action plans for resolution of problematic issues

• Proactively identify and evaluate emerging regulatory trends laws and principles of practice in markets of operation and proactively coordinate with relevant stakeholders to enhance CCBVs Compliance programme and ensure adherence with relevant regulatory obligations working closely with Legal and the CC Global Head of Regulatory

• Ownership of implementation plans for upcoming regulations

• Support strategic decision making on new products / services involving CCBV.

Secondary responsibilities:

• Support on strategic projects

• Supporting the local Head of Compliance to manage external audits and or regulatory inspections

• Regularly review the companys procedures practices and documents to identify possible weaknesses or risks

• Designated Wft board member. (Wft is the Dutch Financial Services Act mandating that every licensed financial institution must have a person ultimately responsible for risk and compliance)

• As an appointed Wtf board member on Management Board of Directors of CCBV you will:

  • exercise your powers in your role as a director having regard to relevant obligations under prevailing Dutch law and regulation

  • abide by CCBVs key governing documents including the Schedule of Matters Reserved to the Board and

  • make decisions in the interests of the company to generate long-term sustainable value having due regard to the companys operation under Dutch law including the Dutch Civil Code and regulatory obligations in particular the companys role as a risk manager including operational resilience and financial strength

This is a hybrid position. Expectation of days in office will be confirmed by your Hiring Manager.

Job holder must be based in the Netherlands (Netherlands nationality not required).

DNB approval is required before the job holder can be appointed Director on CCBVs Management Board of Directors. 

Qualifications :

• Minimum of seven years working in a Compliance area with five years working within payment services preferably in leadership role
• Experience in cross-border payments a significant advantage along with working in a large international corporate structure
• Experience in interpreting explaining and operationalising regulatory compliance relevant regulation and legislation and related risk management disciplines
• Understanding of risk management compliance and corporate governance issues
• Must be fluent in Dutch and English
• Self-motivated with a high level of initiative in conjunction with a drive to find solutions with a delivery mindset
• Comfortable to question and challenge when required in a constructive progressive and logical manner
• Commercial sensitivity with stakeholder engagement with senior leadership any direct reports if applicable and peers
• Excellent balanced communication skills in both written and oral format

Additional Information :

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race color religion sex national origin sexual orientation gender identity disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Remote Work :

No

Employment Type :

Full-time