Senior Regulatory Compliance Manager Job at Airwallex (Sao Paulo)

Job Description

This role requires a qualified Lawyer with in-depth knowledge of the financial services regulatory landscape in Brazil. This role will provide comprehensive advice and guidance on a wide range of matters, including regulatory compliance, licensing and corporate governance obligations that are relevant to a fintech company operating in Brazil. You will deliver on the regulatory engagement strategy, manage our financial services licence program and coordinate with all internal and external parties as necessary to ensure compliance through the communication of regulatory requirements, cross-functional collaboration to productize solutions and offerings, implementation and execution of processes, filing of all requisite reports, renewal of registrations and licenses, end-to-end management of regulatory examinations, and interfacing with our regulators on ad-hoc inquiries. You will analyze new and existing products and provide guidance to ensure that our 2LOD controls are fit for purpose and comply with regulatory obligations, and guide the first-line business to enable the maturity of both customer-facing and internal back-office processes and product features.

Job Responsibility

Provide support to the business on a wide range of legal and regulatory matters, including but not limited to financial services regulations and compliance with the licensing requirements of the Central Bank of Brazil
Representing Airwallex as an approved officer with the Central Bank of Brazil and ensuring Airwallex's compliance with all applicable Brazilian laws and regulations, by monitoring changes in legislation and regulatory requirements and advising the business on necessary actions
Providing risk management and governance guidance, advisory and support, including second-line oversight, review and challenge to risk and control self-assessments, escalations, root cause analysis, risk reporting and key risk indicators tracking
Support the Airwallex Group’s expansion by managing the regulatory compliance components of license authorization processes
Act as a key stakeholder in relation to licence applications, business plan updates and information requests
Ensure that our regulatory compliance and integrity risk reporting obligations are maintained
Guide cross-functional stakeholders to ensure that activities undertaken and controls in place so that Airwallex is operating within our risk appetite and the risk appetite of our financial partners
Support and/or manage on-site exams and inspections (in collaboration with our LRC colleagues)
Advise the business with respect to regulatory change initiatives, with a particular focus on how to effectively manage compliance risk attached to new laws and regulations in the jurisdictions we operate
Develop policies, processes and provide advice in relation to regulatory risk obligations that exist within the 1st line business
Manage regulatory compliance risk within the Airwallex Risk Management Framework and associated escalation process (inc. the Group Risk Committee)
Advise the business in relation to conduct risk and ethics matters (where appropriate) relating to our financial services licences
Deliver the Compliance Monitoring Program
Conduct targeted and thematic reviews on a wide range of topics to ensure appropriate organizational maturity
Deliver the Airwallex Group’s Compliance Training for employees and conduct ad-hoc training to specific business areas as required
Conduct ‘Proactive Special Ops’ projects to unlock business or operational issues to enable Airwallex to achieve its strategic goals more rapidly

Requirements

Law degree from a recognized global or Brazilian university and active membership in the Brazilian Bar Association (OAB)
Minimum of 8 years of experience in a regulated financial institution, fintech, legal / consulting firm, or combination of the above
Currently, an approved officer or the ability to fulfill the requirements of the Central Bank of Brazil to be an approved officer of a payment institution, including passing all ‘fit and proper’ criteria with respect to competence, capability and financial soundness
Familiarity with financial regulatory laws, rules, regulations and industry best practices across Brazil and the wider Americas region
Data proficiency - ability to work with data and leverage it for strategic decision-making
Ability to operate strategically and think creatively to solve complex regulatory compliance challenges
Superior communication skills, with the ability to clearly explain complex topics to a wide range of stakeholders, including regulators, executive leadership, and front-line staff
Experience with developing and/or maintaining a compliance program within a financial institution, preferably in respect of payments activity
Exposure to licensing processes, regulatory expansion, and RegTech or technology-driven compliance solutions
Deep understanding of financial products/services and related conduct risk, ethics, and controls
Must be a Brazilian National, or a foreigner with the right to work. Fluency in Portuguese and English is essential, in both written and verbal communication

Nice to have

Demonstrable experience dealing with the Central Bank of Brazil and other financial services regulators across the Americas
Prior experience in a leadership role within a payment institution that has gone through a licensing process with the Central Bank of Brazil
Proficient in Spanish

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