Head of Compliance, iwoca
Deutschsprachig
+ Share options
1-3 days a week in office
Online loans for small businesses
Open for applications
Online loans for small businesses
201-500 employees
Open for applications
+ Share options
1-3 days a week in office
201-500 employees
Company mission
To give small business owners a great experience while getting the finance they need.
Role
Who you are
- You have 7-10 years of experience in compliance. You have gained broad experience in compliance either with financial service providers or consulting companies and feel comfortable with topics ranging from GWG to KYC to GDPR
- Proven professional and academic experience in compliance with a focus on financial crime prevention (knowledge of German and European GDPR and AML/CTF regulations). Previous work in the banking or fintech sector would be an advantage
- A degree in law or similar would be an advantage, but is not a mandatory requirement
- Practical and theoretical management knowledge, skills in modelling approaches such as design thinking and project management
- Experience in people management and development
- Native German language skills and excellent written and spoken English skills
- Confidence to liaise with employees or senior management colleagues and represent concerns or interests
- Motivation for professional development in this area and the ability to research, quickly adapt and adjust to new requirements as the company grows
- The ability to independently set clear priorities and prioritise workflows, complemented by an analytical mindset with a practical approach to problem solving
- A good understanding of how organisations work, including their key risk and reward drivers
What the job involves
- In line with our philosophy, as Head of Compliance you will provide input, advice and training on compliance issues and implement processes to help the organisation monitor compliance
- The team acts primarily as an advisory function for colleagues from the operational or administrative teams, with the aim that the actual execution and ownership should ideally lie with the respective teams (e.g. Customer Success, Marketing, etc.) in accordance with the 3-Lines of Defence model
- You will report to the General Manager for Germany, with close interaction with our UK and Global Compliance teams (Regulatory, FinCrime, Data & GDPR) as well as various business functions
- As an important part of the German management team, you will see yourself and your team as a centre of competence for all compliance issues with the task of supporting and enabling the growth of our German business
- In addition to your sound technical knowledge in topics such as GDPR, anti-money laundering, sanctions and fraud prevention, you are characterised by your pragmatic and committed personality. You have the understanding to promote the strong growth of the company strategically and economically, taking into account compliance with all relevant laws and regulations
- As Head of Compliance, you will be responsible for managing the German compliance team and developing it in line with current and future requirements
- Strategic and operational management of the German compliance team including project management, OKR management and the compliance monitoring programme
- Managing, coaching and developing your employees in the German compliance team
- Exercising the RC function (‘responsable du contrôle du respect des obligations’) in the Luxembourg heavyweight company iwoca Management S.a.r.L (registered Alternative Investment Manager (AIFM) of its own Alternative Investment Funds (AIFs) for refinancing the German lending business)
- Management responsibility for German and Luxembourg compliance relevant topics, reporting and meetings/committees (e.g. quarterly risk committee at group level, quarterly board meetings)
- First point of contact for the cooperation with the colleagues of the Luxembourg AIFM
- First point of contact for liaising with our external data protection officer
- Ongoing monitoring and reporting to ensure that iwoca adheres to compliance requirements with a focus on combating AML/CTF and other financial crime issues such as fraud
- Continuously evaluating the effectiveness of our policies, training and controls to ensure that our approaches and methods are appropriate and efficient
- Ongoing monitoring of legal and regulatory developments and trends (horizon screening), as well as participation in industry forums and workshops to ensure that important developments are communicated to the affected units and management
- Conducting regular compliance and AML/CTF risk assessments and reviewing policies/procedures (at least annually, but also in the case of new products, jurisdictions, markets, acquisition channels, etc.)
- Act as a central point of contact for questions and discussions related to relevant compliance topics
Our take
UK SME's are the backbone of a complex economy that is constantly changing, so the need for fast and responsive access to finance is becoming more and more important to ensure their success and growth. iwoca allows SMEs access to business loans in less than a minute, with its API and business marketplace partnerships.
With offerings like iwoca's, gone are the days where waiting up to eight weeks for a loan decision was viable. Its simplified business loans of £1,000 - £500,000 come with no fees attached, and applying online takes no more than five minutes. The ready availability of iwoca loans gives business owners a level of certainty, so that they can make instant decisions to help their business grow.
iwoca has made a number of partnerships with other players in the business finance space, including an impressive industry-first invoice checkout integration with QuickBooks. Funding raised by the company, which is now operating at net profitability, will enable it to meet a recent surge in demand for corporate loans. The company has made several billion in funding available to over 100,000 businesses since launching, positioning itself as a leading European fintech.
Steph
Company Specialist
Insights
Some candidates hear
back within 2 weeks
33% female employees
-2% employee growth in 12 months
Company
Employee endorsements
Opportunities to learn
"Great opportunities available to learn from both individuals through shadowing, and teams through presentations and even secondment opportunities -..."
Funding (last 2 of 7 rounds)
Aug 2019
$13.1m
GRANT
Feb 2019
$26.2m
SERIES D
Total funding: $95.2m
Company benefits
- Flexible working across all teams.
- Twice a year we rent houses in places like Sicily and the French Alps where each team can work together for a week poolside.
- Share options after six months.
- Comprehensive health insurance and cash plans.
- Gym discounts and weekly yoga classes.
- Each floor of iwoca HQ has a fully stocked fridge for breakfast.
- Every Friday we unwind with beers and wine.
- Enhanced maternity and paternity leave for new parents plus a nursery benefit.
- Unlimited unpaid leave.
- The time and budget to invest in your professional development.
Company values
- Motivated: Going to work shouldn't feel like a slog, so we want everyone in the team to personally care about what they're working on. We stay motivated by celebrating our wins, learning from our mistakes, and always looking for new gaps to step into.
- Smart: At iwoca being smart isn't about what you know, it's about how you think. Smart thinking means looking at each problem by asking ‘why’ first, then figuring out ‘how’.
- Humble: We know all ideas are flawed, all code has bugs, and everyone makes mistakes - it’s how we learn. For us, being humble means you question yourself first, rather than your team.
- Growth Mindset: We think there's always a better way to solve a problem. So we never let ourselves get comfortable with being good enough.
Company HQ
Fitzrovia, London, UK
Articles
Leadership
Christoph Rieche
(CEO)7 years of experience in finance, most recently as a VP at Goldman Sachs.
James Dear
(Head of Systems & Numbers)Previously a VP at Deutsche Bank. Has a PhD in Physics from King's College London.
People progressing
Joined as a Customer Onboarder, moved into the Broker Team and has most recently been promoted to Partnerships Manager.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
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Diversity & Inclusion at iwoca
- We work hard to make iwoca a place where everyone feels welcome, where you can confidently be yourself. We understand that diversity isn't an optional add-on, it's the core ingredient of what makes us great.
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