Head of Compliance, Money Laundering Reporting Officer

About Payroc

Payroc is a global payments technology company helping businesses get paid grow faster and operate smarter. From powerful POS systems to seamless online and mobile payment solutions we equip merchants with the tools they need to succeed in todays fast-moving commerce landscape.

As part of the Payroc family BlueSnap extends our capabilities through a powerful global payment orchestration platform designed for businesses operating across borders. BlueSnap enables companies to accept and optimize payments across online and mobile channels marketplaces subscriptions invoicing and virtual terminals through a single integration and contract. With access to local acquiring in 47 countries support for 110 currencies and 100 global payment types across more than 200 geographies BlueSnap helps businesses expand globally while reducing the cost and complexity of payments. The platform also includes built-in fraud and chargeback management regulatory and tax compliance capabilities and unified reporting.

BlueSnap is headquartered in Waltham Massachusetts with a European headquarters in Dublin.

Position Overview

This is a senior controlled function role combining Head of Compliance (PCF-12) and Money Laundering Reporting Officer (PCF-52) for BlueSnap in Ireland and the UK. You will lead the design implementation and ongoing effectiveness of BlueSnaps compliance framework for a regulated payments business and you will own BlueSnaps AML/CTF framework including the assessment and escalation of suspicious activity and statutory reporting obligations.

The role reports to the CEO / Managing Director with a dotted line to the Payroc Group Head of Compliance and Group MLRO and partners closely with Risk Safeguarding Operations Product Legal and Internal Audit. You will line-manage a local compliance manager and help drive consistent high-quality compliance and AML/CTF practices across the wider Payroc group.

This role requires an individual who can operate independently provide robust challenge when needed and maintain constructive relationships with senior stakeholders and regulators. The role will attend and present to all quarterly meetings of the EU and UK Boards to ensure timely remediation of compliance/AML control weaknesses

Duties and Responsibilities

• Compliance leadership (PCF-12)
  • Own and maintain BlueSnaps compliance framework to meet regulatory requirements applicable to a Payments Institution (including relevant EU/Irish requirements and Central Bank of Ireland expectations).
  • Maintain the Regulatory Obligations Register and ensure obligations are translated into practical controls procedures and monitoring.
  • Develop and deliver an annual Compliance Monitoring Plan using a risk-based approach tailored to BlueSnaps products customer types delivery channels and distribution model.
  • Provide timely practical compliance advice to senior management and the business on regulatory topics including new products change initiatives outsourcing/third party arrangements process changes and customer journeys.
  • Assess regulatory developments and lead implementation planning including communicating impacts timelines and required control enhancements.
  • Produce clear compliance reporting and MI for senior management and the Board including themes root causes remediation progress and forward-looking risks.
  • Coordinate and support regulatory engagement including responding to Central Bank of Ireland queries and requests accurately and on time and supporting inspections/PRISM engagements where applicable.
  • Oversee the design and delivery of compliance training and communications to build awareness and embed good practices.
  • Support a strong speak-up culture including mechanisms for escalating concerns (e.g. suspected misconduct fraud or control weaknesses) without fear of retaliation.
  • Manage the Outsourcing relationships and Outsourcing Register including managing the intra-company Outsourcing arrangements.
  • Coordinate with Internal Audit and external reviewers as required and track remediation to completion with clear ownership and deadlines.
  • Support regulatory inspections and ensure actions are tracked evidenced and closed.

• AML/CTF leadership (PCF-52)
  • Act as BlueSnaps MLRO with responsibility for the effectiveness of the AML/CTF framework (policies procedures controls training and oversight).
  • Oversee and continuously improve the AML/CTF programme including (as applicable):
    • Business-wide AML/CTF risk assessment methodology and outputs
    • Customer risk assessment and due diligence standards (CDD/EDD)
    • Transaction monitoring oversight
    • Sanctions and PEP screening oversight
    • Record keeping and governance

• People and stakeholder leadership
  • Lead coach and develop the local compliance resource(s); ensure clear priorities and effective delivery.
  • Partner with Payroc Group Compliance to align local practices with group standards while meeting Ireland/EU and UK regulatory requirements.
  • Build strong working relationships across Operations Product Technology Risk Customer Support Finance and Legal to support compliant growth.

Qualifications

• Demonstrable experience and capability to meet the Central Bank of Ireland Fitness & Probity Standards for PCF-12 and PCF-52 and the FCA Fitness and Propriety Standards including a track record of operating with integrity competence and soundness of judgement.
• Significant compliance leadership experience in a regulated financial services environment (payments e-money fintech banking or equivalent).
• Strong working knowledge of Irish/EU and UK regulatory expectations for payments firms and an ability to translate requirements into pragmatic controls and monitoring.
• Strong AML/CTF experience including handling and escalation of suspicious activity maintaining appropriate records and managing engagement with relevant authorities.
• Proven ability to provide constructive challenge influence senior stakeholders and communicate clearly with Boards and regulators.
• Strong organisational skills attention to detail and ability to manage priorities in a fast-moving environment.
• Relevant professional qualifications (e.g. ICA ACAMS compliance/legal qualification or equivalent experience).
• Appointment is subject to Central Bank of Ireland PCF approval under the Fitness & Probity regime.

Preferred Qualifications

• Experience with card acquiring/processing SEPA and alternative payment methods.
• Experience using data and MI to enhance compliance/AML monitoring and oversight.
• Experience operating in a matrixed international group environment.

Working Conditions

• Desk-based work with prolonged periods using a computer and sitting for extended periods.
• Frequent interaction with team members management agents Business Development Managers (BDMs) and external partners to facilitate smooth operations and collaborations.

Travel Component

• 10%

Job Classification

• Salaried

Equality

At Payroc we are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions are based on business needs job requirements and individuals qualifications without regard to race color religion national social or ethnic origin sex age physical mental or sensory disability sexual orientation or any other status protected by the laws regulation in the location we operate. Payroc does not tolerate discrimination or harassment based on any of these characteristics.

Payroc is committed to providing access equal opportunity and reasonable accommodation for individuals with disabilities in employment its services programs and activities. To request reasonable accommodation contact Human Resources Department at

Compensation and Benefits

Our compensation reflects the cost of labor across several U.S. geographic markets. Actual compensation may vary based on a number of factors including location job-related knowledge skills and experience. Depending on the position offered additional forms of compensation such as bonuses incentives or equity may also be included as part of the total compensation package. We offer a comprehensive range of benefits to support your overall well-being both personally and professionally. These may include medical coverage financial benefits and wellness support tailored to your needs.

Candidate Privacy Notice

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Note to Agencies

Payroc does not accept resume submissions from agencies outside of existing agreements. Please do not send unsolicited resumes to Payroc HR or to Payroc employees. Payroc is not responsible for any fees associated with unsolicited resume submissions.