Director of Compliance and Regulatory Affairs (Payments)

About Remote

Remote is solving global remote organizations’ biggest challenge: employing anyone anywhere compliantly. We make it possible for businesses big and small to employ a global team by handling global payroll, benefits, taxes, and compliance. Check out remote.com/how-it-works to learn more or if you’re interested in adding to the mission, scroll down to apply now.

Please take a look at remote.com/handbook to learn more about our culture and what it is like to work here. Not only do we encourage folks from all ethnic groups, genders, sexuality, age and abilities to apply, but we prioritize a sense of belonging. You can check out independent reviews by other candidates on Glassdoor or look up the results of our candidate surveys to see how others feel about working and interviewing here.

All of our positions are fully remote. You do not have to relocate to join us!

What this job can offer you

The Director of Compliance and Regulatory Affairs for Payments is responsible for overseeing and managing compliance with regulatory requirements (e.g., AML/CTF policies, Sanctions), industry standards, and internal policies specific to the payments industry. This role involves developing, implementing, and maintaining compliance programs, ensuring adherence to relevant laws and regulations, and mitigating risk within the payments ecosystem. The Director will also liaise with regulatory bodies and lead efforts to align company practices with evolving payment regulations.

What you bring

• Strong and vast experience in Compliance, Financial Crime, Regulation, and Fraud.
• Proven ability to lead a department and manage a team.
• Relevant qualifications in compliance, such as ICA or equivalent certification.
• Extensive knowledge of international compliance standards, regulatory requirements, and fraud prevention strategies. Particular focus in European Union and UK payments regulation
• Strong analytical and problem-solving skills, with the ability to make data-driven decisions.
• Excellent communication and interpersonal skills, with the ability to build relationships with stakeholders at all levels.
• Ability to work independently and proactively in a remote or hybrid work environment
• Experience working with European regulators strongly preferred
• Writes and speaks fluent English
• It's not required to have experience working remotely, but considered a plus

Key Responsibilities

• Develop, implement, and maintain compliance policies and procedures that align with international regulatory requirements.
• Lead the compliance and regulatory functions for the organization's entities, ensuring adherence to global standards and requirements.
• Manage the teams performing CDD/EDD and broader KYB and KYC processes and act as primary escalation point
• Ensure consistent oversight and governance across all entities to maintain high compliance standards.
• Manage the global portfolio of compliance risks, ensuring proactive identification, assessment, and mitigation of risks.
• Act as the primary point of contact for regulatory bodies, ensuring effective communication and compliance with all regulatory obligations. Act as Compliance Officer / Risk Officer in Remote’s regulated jurisdictions
• Conduct regular compliance audits and monitoring activities to ensure adherence to internal policies and regulatory requirements.
• Lead the development and delivery of compliance training programs to educate employees on regulatory requirements and fraud prevention strategies.
• Prepare and present regular reports on compliance status, risk assessments, and fraud prevention activities to senior management and the board of directors.

Practicals

• You'll report to: Chief Legal Officer
• Direct reports: 11 compliance team members
• Location: For this position we welcome everyone to apply, but we will prioritise applications from the following locations as we encourage our teams to diversify;
• Start date: As soon as possible

Remote Compensation Philosophy

Remote's Total Rewards philosophy is to ensure fair, unbi