Job Description
The Stubben Edge Group of companies (the “Group”) has extensive experience in financial services and was established in 2018 in response to demand within financial services for a partner with extensive market expertise and access to capacity. Unlike many insurance providers constrained by standardised solutions, the Group offers tailored products, expert knowledge, cutting-edge technology, and structuring capabilities across life, general, and investment markets.
The Group has built strong relationships across the financial services sector, gaining recognition for its innovation, bespoke service, and ability to deliver tangible benefits. This includes an all-encompassing IT platform designed to efficiently and compliantly manage insurance needs, whilst always maintaining a customer-centric approach.
The Stubben Edge Group operates within a wider regulated financial ecosystem including Guernsey and the United Kingdom. The Group has six FCA authorised subsidiaries in the UK including a Payment Services Firm and 21 Appointed Representatives, ensuring compliance with UK financial services regulations while providing tailored solutions to its network of brokers, intermediaries, and clients.
Alongside its goal in growing its UK presence, the Group maintains an established foothold in Guernsey through 1Edge Insurance PCC Limited (“1Edge”), a protected cell company incorporated and licensed in Guernsey.
1Edge, a subsidiary of Stubben Edge International (an entity within the Stubben Edge Group), holds key licences that enables it to operate effectively across various insurance sectors.
The Compliance Manager (Banking & Payments) is a key role within the compliance function, responsible for overseeing the Group's compliance with payment services regulations and its anti-money laundering (AML) controls.
Role Summary
The Compliance Manager for Banking & Payments will be responsible for overseeing the Group's compliance with payment services regulations and anti-money laundering (AML) controls. This role focuses on managing AML frameworks, supporting payments compliance, and ensuring adherence to client money rules. The ideal candidate will have a strong background in a payment institution and in-depth knowledge of AML regulations and the Payment Services Regulations (PSRs).
Main Responsibilities:
- Manage the firm’s AML/CTF policies and procedures, ensuring they are up-to-date and effective.
- Take a lead role in preparing for and managing insurer and bank AML and Client Money Audits.
- Support all aspects of payments compliance work, ensuring adherence to the Payment Services Regulations 2017.
- Conduct regular AML risk assessments and ensure the effective implementation of controls.
- Oversee and conduct quality assurance on key financial crime processes, including CDD, EDD, transaction monitoring, alert reviews, and SAR filing.
- Report suspicious activities to the National Crime Agency (NCA) and other relevant financial intelligence units.
- Provide training and practical guidance to staff on financial crime and payments compliance matters.
- Perform risk assessments for new business initiatives related to banking and payments.
- Chair or participate in relevant compliance committees.
Required Experience & Qualifications:
- Proven experience in a compliance role within an authorised payment institution.
- Experience as an MLRO or Deputy MLRO is highly desirable.
- In-depth knowledge of FCA regulations, the Money Laundering Regulations (MLRs), and the Payment Services Regulations 2017 (PSRs).
- Demonstrable experience in developing and implementing AML frameworks and controls.
- Strong practical experience with client onboarding (CDD/EDD), transaction monitoring, and SAR reporting.
- Experience with identification of consumer duty metrics, and collation and analysis of this MI, producing reporting for Board and Exco
- Ability to work alone and be very hands-on in a fast-paced environment.
- Professional qualifications in compliance or financial crime (e.g., ICA) are advantageous.
- Exceptional communication skills and high ethical standards.