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Compliance Officer (Maternity Cover)



London, UK
Posted on Tuesday, May 28, 2024

Our passion at SumUp is championing small businesses. We believe in creating technology that is flexible, fair, affordable and easy to use. Every day millions of people around the world dream of starting their own businesses. We strive to help them to do this. Our long-term goal is to close the loop by enabling businesses to turn transactions with customers into long term relationships.

We're looking to welcome to our team a Compliance Officer for SumUp UK, based in London. The Compliance Officer is an integral part of our UK and European Compliance Teams and will be working on the compliance programme of primarily UK and also Irish-regulated entities providing the regulatory framework for a large part of our European business.

This role is essential to SumUp’s success in Europe as our product portfolio is constantly growing and our compliance team enables the business to develop products and grow in a compliant way.

This person will report directly to the Head of Compliance UK, work closely with stakeholders from the whole SumUp and collaborate with other Governance Risk and Compliance teams such as Operational Risk, Internal Audit, Money-Laundering Officers, and more.

This maternity cover position is estimated at 12 months based in the London office with the possibility of an extension thereafter.

What you’ll do

  • Identify relevant EU regulations applicable to SumUp, and monitor the regulatory landscape to identify applicable regulatory change

  • Conduct gap analysis on regulatory guidelines to ensure on-going compliance with the Financial Conduct Authority (FCA)

  • Provide subject matter expertise advice and guidance to the tribes, in respect of UK and EU requirements and regulatory expectations

  • Maintain compliance policies and procedures; annual revision and governance of mandatory policies such as Safeguarding of client funds, Consumer Duty, App Fraud Complaints handling, Conduct of Business etc.

  • Provide support to the management of the regulatory relationship with the FCA

  • Prepare internal (board and committee) reporting and support with preparation and submission of external (regulatory) reporting

You will be great for this role, if:

  • You have generalist compliance experience in fintech, ideally in payments.

  • You have knowledge of PDS2 & EMRs (Payments Services Directive 2 & E-money regulations).

  • You have experience with compliance monitoring frameworks.

  • You have experience managing relationships with a variety of stakeholders from different levels and act as a trusted partner.

  • You’re familiar with working in complex and changing environments.

  • You have strong communication skills.

Why you should join SumUp

  • You’ll receive a budget for your individual development, attending conferences and external training.

  • We offer health insurance, SumUp corporate pension scheme, life insurance and 28 days of paid leave.

  • You will have access to our Employee Referral and Employee Assistance program for mental health and language learning benefits.

  • SumUp is an office-first company. In person, we can iterate, innovate, fail, and succeed together, faster. We’re more effective and have more fun in the process.

About SumUp

Be empowered to do more that matters.

At SumUp, we're on a mission to empower small businesses across the globe by providing simple and affordable tools that allow them to thrive. Today, over 4 million businesses in 36 markets rely on SumUp as their financial partner to manage payments, finance and customer relationships.

Our commitment to small businesses is reflected in our diverse team of over 3,000 SumUppers from over 90 nationalities, united by global collaboration and an innovative mindset. Our core values lay the foundation for who we are and what we stand for, shaping our work culture and driving our success. We foster inclusivity and a continuous learning culture, providing a safe space for personal and professional growth. Our differences make us unique and strong as we strive to create an environment where everyone belongs and feels supported, no matter how they identify.

SumUp is proud to be an Equal Employment Opportunity employer, actively seeking and embracing diversity in our workforce. We don't make hiring or employment decisions based on race, colour, religion or religious belief, ethnic or national origin, nationality, sex, gender, gender identity, sexual orientation, disability, age or any other basis protected by applicable laws or prohibited by company policy. Our commitment extends beyond recruitment to creating a safe and respectful workplace where harassment of any form is strictly prohibited.

Explore career opportunities with us and join a team driven by collaboration, innovation, and a shared vision of creating a world where everyone can build a thriving business. Discover more about our vibrant and inclusive work culture and how we work on our careers website, and follow our journey on LinkedIn and Instagram.

Job Application Tip

We recognise that candidates feel they need to meet 100% of the job criteria in order to apply for a job. Please note that this is only a guide. If you don’t tick every box, it’s ok too because it means you have room to learn and develop your career at SumUp.