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Head of Regulatory Compliance



London, UK · United Kingdom · Remote
Posted on Wednesday, June 26, 2024

About Revolut

People deserve more from their money. More visibility, more control, more freedom. And since 2015, Revolut has been on a mission to deliver just that. With an arsenal of awesome products that span spending, saving, travel, transfers, investing, exchanging and more, we've helped 45+ million customers get more from their money. And we're not done yet.

As we continue our lightning-fast growth,‌ two things are essential to continuing our success: our people and our culture. We've been officially certified as a Great Place to Work™ in recognition of our outstanding employee experience! So far, we have 10,000+ people working around the world, from our great offices or remotely, on our mission. And we're looking for more. We want brilliant people that love building great products, love redefining success, and love turning the complexity of a chaotic world into the simplicity of a beautiful solution.

About the role

We’re looking for a Head of Regulatory Compliance to join the Compliance team at Revolut NewCo Ltd (our entity, which has applied for a UK Banking Licence). The Revolut NewCo Compliance team is a 2LOD function which is responsible for advising, monitoring, and oversighting the compliance position of the entity. The team is made up of five pillars (regulatory compliance, financial crime, compliance, monitoring, and advisory, data protection, and regulatory affairs).

We’re looking for a Head of Regulatory Compliance to join the Compliance team at Revolut NewCo Ltd (our entity, which has applied for a UK Banking Licence).This role is to lead the regulatory compliance pillar and reports directly to Revolut NewCo’s Chief Compliance Officer (SMF16). This role has also been identified as a material risk taker (MRT) role under Revolut NewCo’s proposed Senior Managers and Certification Regime (SMCR).

This position is critical to support the buildout of Revolut NewCo and will be the future focal point for all activity on Regulatory Compliance. We are looking for someone with extensive experience in the UK financial industry and proven experience in leading a compliance team that's excited to design, lead, and shape the future of oversight and compliance.

Up for the challenge? Get in touch 👇

What you’ll be doing

  • Building and leading a team of FCA and PRA regulatory compliance subject matter experts
  • Engaging with NewCo Exco and Board members on the compliance position of NewCo
  • Supporting the Chief Compliance Officer in the delivery of their prescribed responsibilities (specifically, conduct rules, training, and reporting
  • Implementing NewCo’s certification regime and production of non-financial regulatory reporting)
  • Running NewCo’s horizon scanning, regulatory mapping, conflicts of interest, and anti-bribery and corruption processes
  • Leading on embedding a culture of compliance within NewCo.
  • Deputising for NewCo’s CCO in their absence
  • Performing compliance reviews of new products
  • Identifying regulatory issues proactively and recommending remedies to promote compliance
  • Preparing responses to ad hoc regulatory requests and ensuring the highest reporting standards are maintained
  • Supporting the CCO in the chairing of NewCo’s Compliance committee

What you'll need

  • 10+ years of regulatory compliance experience, covering a wide range of FCA Handbook and PRA Rulebook topics across retail banking, including consumer duty, SMCR, SYSC, CONC, COBS, BCOBS, etc.
  • Experience of C-Suite and Board-level engagement on compliance topics
  • Excellent knowledge and experience of identifying compliance risks and potential vulnerabilities, advising on best practices to effectively and efficiently address those findings
  • Knowledge of how to conduct regulatory gap analysis, policy creation, and implementation
  • The desire and drive to learn, grow, and create an impact quickly as part of an expanding entity
  • Exceptional critical thinking, problem-solving, and communication skills
  • Experience working in a fast-paced environment with a focus on execution

Building a global financial super app isn’t enough. Our Revoluters are a priority, and that’s why in 2021 we launched our inaugural D&I Framework, designed to help us thrive and grow everyday. We're not just doing this because it's the right thing to do. We’re doing it because we know that seeking out diverse talent and creating an inclusive workplace is the way to create exceptional, innovative products and services for our customers. That’s why we encourage applications from people with diverse backgrounds and experiences to join this multicultural, hard-working team.

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