Head of Compliance, eToro Money UK

eToro is the trading and investing platform that empowers users to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. We have created an investment platform that is built around collaboration and investor education. On our platform, users can view other investors’ portfolios and statistics and interact with them to exchange ideas, discuss strategies, and benefit from shared knowledge. We have over 38 million registered users from 75 countries, and our platform is available in 20 languages. We are a fast-growing business with over 1,500 employees across 13 offices around the globe, strategically positioned to serve the needs of users. You can find out more about eToro  here .

eToro Money is a part of the eToro Group and drives the neo-banking services for eToro customers, providing eToro Trading clients with a smarter and more cost-efficient way to manage their money, moving funds into and out of their trading account instantly and at better exchange rates than other available deposit and redemption methods.

Job Description / Responsibilities

To support eToro Money’s rapid growth, we are looking for a hands-on candidate who will be responsible for providing Compliance oversight for our FCA-authorised and regulated entity, eToro Money UK. Additionally, the candidate will support the eToro Money program in general (globally) and will act as a senior domain expert for e-Money regulation subjects within eToro. You will specifically be responsible for:

● The design and oversight of the regulatory compliance monitoring program.

● Advising the Board and broader Group on complex regulatory issues.

● Advising the Board on the regulatory landscape, including new and emerging developments.

● Maintaining a positive and transparent relationship with the FCA.

● Overseeing the drafting and ongoing maintenance of robust policies and procedures across the entire

regulatory compliance domain.

● Clients’ funds safeguarding (including chairing of the Firm’s Safeguarding Committee)

● The submission of ad hoc & routine reporting to the FCA, including formal notifications (where

required).

● The review and approval of financial promotions/marketing campaigns.

● Supporting product development, including advising the Board on the use of the Firm’s EMI license to

develop products and services.

● Giving general compliance opinions/support.

● Participating in Board of Directors meetings.

● Advising the eToro Group on the development of e-money services in other geographies.

● Working on compliance projects with 3rd parties, such as VISA, Mastercard, and others.

● Being a designated FCA-approved EMD Individual.

● Managing a small team of compliance professionals.

● Due diligence and oversight of the firm's third-party relationships, including Banking and other critical services.

REQUIREMENTS

The person taking on this role will be someone who has worked with one of the larger banks, electronic money or payments institutions before and has a good understanding of what an optimal regulatory framework looks like in today's regulatory environment, particularly in the context of innovative business models.

The preferred candidate is articulate, numerate and can grasp complex concepts with ease, all of which whilst working within a fast-paced and dynamic environment. Priorities often change at the last minute, and sometimes, information is required on short notice. You must be comfortable working in this kind of environment.

In summary, the requirements are as follows:

● Strong knowledge of EMI/PSP/card issuing activities. Must have worked in such environments previously.

● A subject matter expert in Electronic Money Regulations, Payment Services Regulations, Money Laundering Regulations, and PSD2.

● Previous experience (>5 years) as a Head of Compliance or equivalent senior-level position.

● Experienced in building working relationships with the FCA and FOS.

● Possess a deep understanding of regulatory frameworks/systems.

● As well as being a subject matter expert in Payments and Electronic Money - a good understanding of the rules and regulations on the trading platform would be a bonus. 

● In general, be able to command respect and be seen as a source of knowledge in his/her particular discipline.

● Experienced in filing regulatory reports.

● Organised and articulate.

● Be capable of showing an impressive track record of having performed under similar situations in a fast-paced, multi-regulated, multi-asset environment.

● Strong communication and presentation skills; must be comfortable communicating with senior management and external advisers.

● University-level education.

● Ability to work under pressure in a constantly changing environment.

Why Join Us?

We are an inclusive and social team based in fantastic offices in Canary Wharf and working in a hybrid home-office arrangement. We love what we do and are proud of our culture of flexibility and autonomy. 

Our benefits include BUPA medical cover, 6% pension contribution, daily lunch allowance, as well as additional leave days – our highly valued recharge days. We have lots of other cool perks like fantastic parties, eToro merchandise, birthday money and many other special touches to keep you happy!