Foreign Exchange Compliance Manager Job at 360 Resourcing Solutions (Brentwood)

Job Description

Bibby Financial Services are growing, and we’re looking for a Foreign Exchange Compliance Manager to join our Bibby Foreign Exchange Team. The Foreign Exchange Compliance Manager will play a genuine part in shaping how first-line compliance supports a well-established FX business to grow. This is a role with real influence. You’ll take ownership of a clear action plan, help refine key processes, and support the team as we continue to enhance our approach to onboarding, pay-out governance and financial crime prevention. You’ll be the first line of defence for the FX business, with support from an established second-line function and access into a wider central support team when needed. You won’t be left on your own, but equally, this is a role for someone who enjoys ownership. At Bibby Financial Services (BFS), we’ve been helping small and medium-sized businesses thrive and grow since 1982. Working across 9 countries, we provide the funding and support that give our clients the confidence to take their next step, whether that’s expanding, innovating or breaking into new markets. We’re proud to be part of Bibby Line Group, a long-standing family business and one of the UK’s oldest independent companies

Job Responsibility

Own and lead first-line delivery of risk and compliance for BFX
provide clear advice to senior management on regulatory trends and horizon scanning
Ensure compliance with requirements of all statutes and regulations relevant to an FCA-authorised payments institution
Develop, maintain and implement risk and compliance policies, procedures, manuals and programmes in line with regulatory requirements and best practice
Own the first-line control environment: maintain the control set
ensure controls are designed and operated effectively
retain evidence, audit trails, sign-offs and attestations
Maintain registers of controls and regulatory obligations (aligned to Group/enterprise taxonomy) and track corrective actions to closure
Monitor client and portfolio behaviour to identify conduct, operational and compliance issues and emerging risks
own first-line containment actions and escalation in line with defined thresholds
Manage suspicious transaction reporting (STR) and related regulatory requirements
Act as a central point of contact for compliance issues, ensuring problems are addressed appropriately and rectified within agreed SLAs
Prepare and maintain financial crime risk assessments, policies, procedures and management information for review and approval by the MLRO
Support the investigation, documentation and reporting of suspicious activity, incidents and breaches in line with regulatory and internal requirements
Coordinate regulatory interactions and responses relating to financial crime, as delegated by the MLRO

Requirements

Experience within AML/Compliance Department of a similar financial services regulated environment
Excellent interpersonal skills, with the confidence to approach people at all levels of seniority, analytical with attention to detail, report writing
Compliance Qualification (or similar)
Builds effective relationships with internal stakeholders and external parties (e.g., regulators, trade bodies, banks, partners) and supports Group-level engagement on regulatory matters
Understands core financial statements and key drivers in a payments/FX business, and can interpret MI to identify risk and control issues
Identifies root causes, develops options and drives timely resolution
advises on regulatory implications of strategy and change

What we offer

25 days’ holiday plus bank holidays, increasing with service, with buy/sell options
Car Allowance
Performance Bonus
Hybrid working
Private healthcare for you and your family
Company pension scheme
Flexible benefits (gym membership, tech, health assessments and more)
Access to an online wellbeing centre
Discounts with a wide range of retailers

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Foreign Exchange Compliance Manager

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