The rise of fintech and neo banking has significantly changed the roles of compliance across the financial services sector.
Now far more complex and demanding due to rapid advancements in technology, compliance professionals, often (unfairly) seen as blockers of good ideas and innovation, have had to become more agile, technology-driven, and proactive as a result of this rapidly-changing environment.
Compliance professionals play a crucial role in navigating evolving regulatory challenges, sanctions, managing risks, and fostering trust both internally and externally.
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Because fintech and neo banking often involve the use of advanced technologies such as artificial intelligence, blockchain, and data analytics, they now require a deeper understanding of these technologies, and their impact on financial services.
As compliance as an area has evolved, new job titles and roles have emerged to address these specific challenges. New job titles include cybersecurity compliance managers, who address the increased cybersecurity risks which fintechs face.
Regulatory technology (RegTech) compliance specialists are responsible for implementing and managing RegTech tools and technologies within an organisation, with AML/KYC compliance analysts ensuring anti-money laundering (AML) and know your customer (KYC) compliance.
And digital compliance officers develop and implement policies and procedures to protect customer data, assess privacy risks, ensure compliance with data protection regulations, and handle data breach incidents.
According to a recent report, 2022 in particular saw a huge demand for strong marketing and distribution professionals, as post-Brexit, the rules for marketing funds into Europe shifted. Tech-savvy compliance officers are also in high demand, particularly those with coding and language skills such as Python and SQL.
The report also points out that with an increase in regulation on the way, the need for workers with strong regulatory knowledge will be paramount, making it a good time to explore what’s on offer in the sector.
The Information Age Job Board is a great place to start your search, as it contains thousands of open roles all across the tech industry. Check out three great examples below.
Security compliance consultant, Accenture
Accenture is seeking a security compliance consultant in London to implement security compliance measures to complex technical transformation and capability enhancement projects. In this role, you will provide expert security compliance advice, guidance and support to both technical and non-technical teams within complex projects.
To apply, you’ll need demonstrable experience of working to HMG and MOD Information Assurance (IA) requirements and security accreditation processes, including Secure by Design, along with a relevant qualification such as CISSP, CISM or similar.
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Compliance manager, FIS Global
At FIS Global, a “highly visible” position for compliance manager is available where you will be helping to build a Global Compliance Program from the ground up. You should be an excellent communicator, with in-depth knowledge in the payment industry, PCI compliance, banking, internal audit, and be up to date with the latest industry procedures and regulations globally.
You should have knowledge about anti-money laundering, card network rules, and regulatory compliance requirements for Canada, the UK, or Europe preferred, as well as comprehensive knowledge of at least one substantive area of compliance, such as banking regulations, anti-money laundering, or card network regulations.
Corporation tax compliance manager, Warner Bros.
Or, discover this corporation tax compliance manager role at Warner Bros. Discovery, in London. You’ll work with a team at EY to review of current and deferred tax provisions for c50 UK statutory accounts, take ownership of the UK compliance cycle, including initial review of c50 of UK corporation tax computations and monitor and review European tax corporation compliance requirements, including review of financial statements and tax returns and checking tax payments.
If this role appeals, you will need to have some years of experience within both an accounting firm and in-house, with industry experience preferred, but is not essential. You will need to have strong tax accounting knowledge, and good Excel skills.
Kirstie McDermott works for our job board partner, Jobbio. Based in Dublin, she has been a writer and editor across print and digital platforms for over 15 years.
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