Group Head of Compliance, Plum
+Stock Options
More information about location
2-3 days a week in office
Wealth automation app
Be an early applicant
Wealth automation app
101-200 employees
Be an early applicant
+Stock Options
More information about location
2-3 days a week in office
101-200 employees
Company mission
To accompany people on their financial journey and give them the tools to manage, save and invest their money.
Role
Who you are
- We are looking for a pro-active, highly motivated and ambitious individual to lead and develop our Compliance and Risk team as the Group Head of Risk & Compliance
- Possess extensive experience in a senior risk and compliance role within the financial services industry. Relevant sectors include: Payments, Banking, Investment Services
- Are highly skilled in Risk Management
- Have previous experience working in partnership across various business functions
- Are knowledgeable of FCA and EU regulations related to regulatory compliance and financial crime regulation (AML/TF, fraud, ABC), including GDPR and investment services regulation
- Professional certification in compliance (such as CISI or similar)
- Proven leadership capabilities, adept at guiding and fostering a top-tier team
- Are strongly analytical, with great organisation and communication skills and attention to detail
What the job involves
- In this role you will assume full responsibility for the group’s compliance and risk activities for our UK and EU entities
- Your main responsibilities will include, managing the compliance and risk teams of the company, developing and implementing the group’s risk and compliance framework, fostering a strong risk and compliance culture across the organisation and communicating and liaising between different teams within the company and regulatory bodies
- Lead our Compliance and Risk function currently based in both the UK and Cyprus, ensuring they support business solutions and innovation
- Develop the group’s policies, procedures, and controls to ensure compliance with the relevant laws
- Develop and oversee the implementation of the firm's compliance monitoring program and risk assessment, evaluating the sufficiency and efficiency of compliance measures and controls
- Develop and oversee the implementation of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies, and act as the Group’s MLRO
- Ensure compliance with relevant regulations for Plum’s products throughout their lifecycle by working closely with the business to meet the regulatory standards
- Provide guidance, advice, and training to the teams to improve the understanding of the regulatory requirements and relevant laws
- Lead and oversee the engagement with the FCA and other regulators in connection with regulatory matters and regulatory applications
- Lead efforts related to compliance and financial crime requests required by our partners on an occurring basis
- Monitor regulatory changes, amendments, trends or any other developments that may impact our operations and update internal records accordingly
- Prepare and present risk and compliance reports to the Board and advise them on strategic direction on risk and compliance matters
Salary benchmarks
Our take
Consumers are not satisfied with the products being offered by traditional banks, who have proven slow to react to their needs and demands. Plum is one of the increasing number of money management alternatives, offering a platform for users to automate their investments and savings.
The development of fintech in the UK has made the space incredibly competitive, with other companies such as Cleo and Emma trying to solve similar problems. That said, Plum has certainly found its place, with over a million users having downloaded the app. It was also voted Best Personal Finance App at the 2023 British Bank Awards, a testament to its popularity.
The company plans to use its latest funding to accelerate European expansion and heighten its product offering, building a more cohesive customer experience for its app. Most recent developments to the platform include the addition of "Watchlists" and "Price Alerts", two features that aim to further empower people by delivering smart notifications and portfolio control.
Freddie
Company Specialist
Insights
Few candidates hear
back within 2 weeks
35% female employees
7% employee growth in 12 months
Company
Employee endorsements
Flexible working
"Usually going to the office twice a week (since there are really nice perks there too :D). I am also able to work from our offices in Athens and..."
Funding (last 2 of 12 rounds)
Jul 2024
$17.8m
SERIES B
Jun 2024
$2.9m
SERIES B
Total funding: $89.1m
Company benefits
- 25 days paid holidays + UK bank holidays (33 in total)
- We're all in this together! Own part of the company through stock options
- 45 days work from anywhere
- 1 extra day for volunteering
- Our annual team trip, to a secret destination
- Annual training budget
- Free Plum Premium subscription
- Flexible working hours (flexible hybrid remote model)
Company values
- Figure It Out - Creating change is not impossible. Effort, curiosity, and persistence got us where we are today and will get us where we need to be tomorrow
- Make Change Happen - Money will work radically differently from how it does today. When it comes to savings - it will only work the way it should, if we make it happen
- Together We Push - We push each other to a high standard, treat each other fairly, and are constantly evolving into better versions of ourselves. We push new ideas - the old way of money is no longer fit for purpose. We push until it’s done. “Done” is when it’s helping our customers
- No Frills - We’re lean and efficient because we’re here for the long term. Our journey with our customers ends when they retire
- Have Their Back - Plum customers are financially better off people. We look out for them and have their best interests at heart, whilst still having a material impact on their finances. This is why they trust us
Company HQ
London, UK
Articles
Leadership
Victor Trokoudes
(CEO)Previously Head of International Banking at TransferWise. Started their career at Morgan Stanley as a trader. Has an MBA from INSEAD
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