Head of Risk & Compliance

Our Mission and who we are

To be the worlds most trusted currency partner

At Lumon we help individuals and businesses move money across borders - smoothly securely and cost-effectively. With operations in 150 countries and support for over 40 currencies we combine competitive bank-beating exchange rates with a personal human touch.

Whether its buying property abroad managing international business costs or sending money home every customer gets access to a dedicated currency specialist - alongside our digital FX platform - for expert support tailored to their needs.

Were regulated by the FCA and the Central Bank of Ireland handling billions in transfers each year for over 70000 private clients and 2500 businesses. Backed by Pollen Street Capital were in an exciting phase of growth - scaling across Europe and expanding our tech and services.

The Role

We are seeking a Head of Risk and Compliance (UK) to lead the regulatory compliance and enterprise risk management functions for our UK regulated entities comprising both an Electronic Money Institution and a MiFID Investment Firm.

Reporting directly to the Chief Risk Officer the role is responsible for maintaining robust regulatory compliance and overseeing enterprise risk management in a dynamic environment.

In a nutshell you will

• Implement maintain and continually develop a robust compliance framework for all applicable regulatory requirements applicable to E-Money Institutions and MiFID Investment Firms;
• Liaise with the FCA (and other authorities where relevant) on regulatory submissions reporting and supervisory matters;
• Partner closely with the business to provide regulatory advice and support in relation to regulatory change and leading the implementation of this through to completion;
• Providing input to incidents including coordinating efforts to report regulatory breaches in a timely manner.
• Leading licencing applications and supporting the organisation in the implementation of the commercial strategy;
• Developing and implementing the annual compliance roadmap including the compliance monitoring plan;
• Ongoing development and maintenance of the Enterprise Risk Management Framework including providing effective challenge to first line risk owners;
• Preparing and delivering high quality reports on risk and compliance matters for Senior Management and the Board of Directors;
• Leading the development and delivery of the organisations annual risk and compliance training curriculum;
• Lead a team of regulatory compliance and risk management specialists ensuring effective oversight and team development; and overseeing regulatory reporting and complaints handling activities for the firm and other group entities as directed.

You should apply if you have...

• Strong experience in risk and compliance leadership within the financial services sector ideally with exposure to foreign exchange and payments services;
• Deep experience with regulations relating to payment services and non-SNI investment firms (i.e. Payment Service Regulations 2017 Electronic Money Regulations 2011 FCAs Consumer Duty MiFID II EMIR);
• Previous experience of developing and implementing a regulatory compliance framework in a regulated environment;
• A demonstrated understanding of enterprise risk management fundamentals;
• Experience of working closely and communicating with various stakeholders at multiple levels as well as leading and developing high performing teams;
• A proven ability to find solutions to complex and hard problems and ability to turn incomplete ambiguous or conflicting inputs into solid plans.

What can we offer you

• Competitive base salary
• Investment in your ongoing learning and development
• Hybrid working and rooftop terrace at our Farringdon office
• 25 days of annual leave with a chance to purchase up to 5 more
• Birthday off
• 2 additional days off for Moments that Matter
• Monthly lunch and social events
• Medicash health scheme
• Cycle to work scheme
• Season ticket loan
• Employee Assistance Programme
• Salary Sacrifice Pension
• 4x Life Assurance
• Enhanced maternity and paternity leave
• Access to gym discounts as well as a wide range of other benefits and discounts through our online portal

Lumon is proud to be an Equal Opportunity Employer. We are committed to equal employment opportunity regardless of race colour ancestry religion sex sexual orientation age marital status disability or gender identity.

If you consider yourself to have a disability or require any reasonable adjustment during the recruitment process or within the workplace please highlight this at the earliest opportunity we will provide appropriate support to you throughout the process.