The Compliance Director for Currencycloud B.V. (CCBV) will be responsible for overseeing and developing the Compliance function for Currencycloud’s EU operations. You will be part of the Legal & Compliance organisation and will be instrumental in maintaining relationships with regulators and developing and implementing compliance programs.
The candidate has the opportunity to sit on the Management Board of Directors for CCBV, a payment service provider acting under an electronic money institution Incense issued by the Dutch Central Bank (DNB) contingent on performance review, internal approval and external approval from the DNB.
Core responsibilities
Responsible and accountable for maintaining the relationship with the DNB as key supervisor of Currencycloud’s EU operations, and CCBV’s Supervisory Board of Directors
Ownership of all regulatory reporting submitted on behalf of CCBV (Finrep, IRAP, SIRA, etc) Oversee, steer, and provide quality assurance of regulatory reporting
Responsible for strengthening of CCBV's regulatory compliance function ensuring it aligns with all Dutch and EU regulatory expectations alongside alignment with the standards expected of Visa’s suite of controls
Responsible for collaborating and interacting with Group functions (outsourcing oversight etc)
Ensure all employees are educated and trained on the latest regulations and processes
Advise Senior Management within the group and CCBV Board on the company’s compliance with laws and regulations through detailed reports
Provide guidance to the CCBV Board on risk management and compliance matters
Responsible for identifying and evaluating risks associated with the company's operations under the CCBV license. Working closely with the wider Legal, Compliance, Risk and other functions across Money Movement Solutions
Accountable for the development and implementation of corrective action plans for resolution of problematic issues
Proactively identify and evaluate emerging regulatory trends, laws and principles of practice in markets of operation and proactively coordinate with relevant stakeholders to enhance CCBV’s Compliance programme and ensure adherence with relevant regulatory obligations, working closely with Legal and the CC Global Head of Regulatory
Ownership of implementation plans for upcoming regulations
Support strategic decision making on new products / services involving CCBV.
Secondary responsibilities:
Support on strategic projects
Supporting the local Head of Compliance to manage external audits and or regulatory inspections
Regularly review the company's procedures, practices, and documents to identify possible weaknesses or risks
Designated Wft board member. (Wft is the Dutch Financial Services Act mandating that every licensed financial institution must have a person ultimately responsible for risk and compliance)
As an appointed Wtf board member on Management Board of Directors of CCBV, you will:
exercise your powers in your role as a director having regard to relevant obligations under prevailing Dutch law and regulation
abide by CCBV’s key governing documents, including the Schedule of Matters Reserved to the Board and
make decisions in the interests of the company to generate long-term sustainable value, having due regard to the company’s operation under Dutch law, including the Dutch Civil Code, and regulatory obligations, in particular the company’s role as a risk manager, including operational resilience and financial strength
This is a hybrid position. Expectation of days in office will be confirmed by your Hiring Manager.
Job holder must be based in the Netherlands (Netherlands nationality not required).
DNB approval is required before the job holder can be appointed Director on CCBV’s Management Board of Directors.