Compliance Officer, Finance & Banking

Mission

Pax2pay is a rapidly growing Fin Tech business on a mission to modernise and simplify payments for the Travel industry. Our customers are some of the biggest players in the Travel sector and our partners are key players in the Fin Tech world. Established in 2019, we are a growing team, with the aim of our group becoming the number one choice for B2B payments with the UK and EEA.

Pax2pay has an award-winning digital payment solution, making travel payments easier, faster, and safer for the entire travel industry. We enable businesses to pay for their business costs via virtual cards and bank transfers, everything from hotel bookings to flights; travel transfers to tour bookings; utilities to SaaS subscriptions. Whatever it is, Pax2

Pay has got you covered.

Pax2pay has settled billions of pounds worth of transactions, won numerous industry awards including 'Most Disruptive Payments Technology', and supported some of the largest and most successful players in the Travel Space.

Pax2pay operates under the regulations set by its regulators. With a commitment to integrity, transparency, and adherence to regulatory standards, we strive to maintain the highest level of compliance adherence in all our operations.

Reports to: Head of Compliance/MLRO.

As a Compliance Officer at Pax2pay, you will play a crucial role in ensuring the company's adherence to FCA regulations and industry best practices. You will be responsible for conducting comprehensive compliance assessments, monitoring regulatory developments, and implementing effective compliance frameworks, to ensure the Electronic Money Institution meets its obligations under the FCA Handbook, Electronic Money Regulations 2011 (EMRs), Payment Services Regulations 2017 (PSRs), UK AML regime, and other applicable UK regulatory requirements.

The role acts as the second line of defence, providing independent oversight, advice, monitoring and challenge.

This role requires a keen understanding of FCA regulations, strong analytical skills, and the.

The following provides an outline of what it is anticipated that your role will comprise of. This is notwithstanding an overarching expectation that you will support the Head of Compliance/MLRO and wider business in meeting and exceeding its regulatory obligations.

• Stay abreast of changes in FCA regulations and other relevant regulatory developments, engaging in appropriate forum groups and appropriate networks;
• Conduct periodic reviews and assessments to ensure ongoing compliance with FCA, other regulatory and corporate governance requirements;
• Collaborate and actively engage with internal departments to identify and address compliance issues promptly, whilst also fostering relationships that develop the profile of the compliance function within Pax2
  
  Pay's business;
• Assist in the creation, review, and enhancement of compliance policies and procedures, identifying policies and procedure documents required or improvements possible. Drafting new and updating documents as required or identified, aligned with the agreed methodology;
• Ensure effective communication and training on compliance policies and procedures across the organisation;
• Supporting the development and ongoing implementation of Pax2
  
  Pay's Compliance Monitoring Plan, aligned with regulatory expectations

• Conduct risk assessments to identify potential and known compliance risks, and develop strategies and controls to mitigate them; and
• Work closely with the management team to align compliance efforts with overall risk management objectives;

• Support the preparation and timely submission of accurate reports to regulatory authorities;
• Maintain comprehensive and organised documentation of compliance activities; and
• Prepare internal reports of relevant regulatory activity and management information

• Support, develop and deliver training sessions to enhance the organisation's understanding of regulatory requirements, including the management of training assessment and allocation, as well as review and assessment of external party provided…