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Senior Risk & Compliance Officer

Y Tree
1 day ago
Full-time
On-site
London, United Kingdom
Cybersecurity & Compliance
About Y TREE

We are a rapidly growing WealthTech business that is re-defining how individuals and families connect and engage with their money. We provide our clients with control over their personal finances, enhancing their ability to achieve their financial and life aspirations.

We are harnessing sophisticated portfolio analytics, innovative behavioural psychology and cutting-edge UX/UI to create a revolutionary experience and transformational outcomes for our users. The business was founded in 2017 by three successful entrepreneurs and business-builders with diverse experiences and skill-sets in Technology, Corporate Advice and Investment Management and is backed by some of Europe’s leading investors.

The Role

Leadership & Strategy

  • Lead the Compliance function within the Risk & Compliance Department.

  • Promote a strong compliance culture at Y TREE.

  • Lead the creation and maintenance of compliance policies.

  • Oversee the creation and maintenance of compliance training.

Regulatory Oversight & Advisory

  • Ensure Y TREE’s compliance framework and processes are maintained in accordance with all regulatory requirements (e.g., SYSC, SUP, COBS, MIFIDPRU, GEN, MAR, Money Laundering Regulations, etc.).

  • Provide advice on various situations, issues, and transactions arising in the business.

  • This includes client-facing business and acting as a partner to the Product and Development teams as they continue to develop Y TREE’s services and products.

  • Assess and advise management on the impact of changing regulatory legislation and requirements, as well as regulatory events or issues.

  • Manage Y TREE’s FCA reporting

Financial Crime & Operations

  • Oversee the development of Y TREE’s AML and Financial Crime strategy by the MLRO.

  • First Line Interaction (Onboarding): Oversee and manage interactions regarding onboarding, KYC refresh, etc., with the Client Team.

  • First Line Interaction: Act as the lead liaison with Product, Operations, and the First Line of Defence (Client Team) regarding the risk framework and control environment.

Assurance, Governance & Reporting

  • Develop and implement an annual comprehensive Compliance Monitoring Plan to monitor all functions in Y TREE, ensuring they are adequately implementing the requirements of the compliance framework.

  • Investigate suspected breaches of regulatory requirements or internal compliance policies and resolve them appropriately.

  • Lead the firm’s work on Consumer Duty, including the annual review and production of the annual report.

  • Consider and critically evaluate regulatory requirements and risks for new business and new products.

  • Proactively participate in the design and structuring of new products, services, and systems to ensure they fully meet relevant regulatory requirements.

  • Provide reports on compliance matters to the Board, senior management, and the business to assist in the achievement of business objectives in a controlled and compliant manner.

  • Provide senior management with regular MI/KPIs on Y TREE’s compliance programme.

About You

  • Proven track record in compliance within wealth and asset management.

  • Demonstrable experience in structuring and running assurance programmes.

  • Extremely high degree of fluency with large language models (LLMs) and AI.

  • Proven ability to design and scale compliance frameworks within a fast-growing, technology-led wealth management environment.

  • Intimate knowledge of FCA rules, supervision frameworks, policymaking, etc.

  • Excellent understanding of the Money Laundering Regulations, regulatory requirements, and the wider AML environment.

  • A sound understanding of wealth and asset management products and business.

  • Highly effective communication skills (written and spoken).

  • Ability to engage and influence others.

  • Diligence and fortitude.

  • Professional qualification (e.g., membership in a professional compliance association).

What's in it for you?

  • Once eligible, you'll be able to enroll onto our private healthcare plan through Vitality. This includes perks like 50% off premium gym memberships and access to their exclusive rewards programme.

  • Support for your mental health and wellbeing through our employee assistance programme.

  • 25 days of annual leave per year. This is 25 days each year where we expect you to turn your phone off and switch off; we would never ask you to book leave for a doctor's appointment or to see your children's school plays.

  • Regular team socials to help you switch off from work and get to know your colleagues in an environment away from your desk. We ensure socials are well-balanced and offer a variety of activities to suit different needs so you always feel welcome.

  • A welcoming, dog-friendly London office with appropriate spaces to cater for those with varying needs in the form of various breakout spaces and silent booths.

  • As well as, a range of family-friendly policies, support towards professional qualifications, electric car schemes and more!

Our mission at Y TREE is to build diversity in our teams; diversity of thought, culture, backgrounds and perspectives. Please come as you are and let us know if there are any reasonable adjustments we can make to support you in your application process. Additionally, if you don't feel you meet 100% of the requirements please apply anyway if you feel you can demonstrate your suitability to the role. Please note, that sponsorship is not available for this role.