ABOUT ALLICA BANK

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.
Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

PERSONAL ATTRIBUTES & EXPERIENCE

• Hands-on experience in a senior compliance role within fintech, digital lending, or a bank. Including knowledge of invoice/receivables/revenue based finance products
• Proven experience in building or significantly enhancing compliance frameworks for specific products, not just maintaining group-wide policies.
• Deep, practical knowledge of the UK regulatory landscape
• Exceptional analytical and problem-solving skills, with the ability to translate regulatory text into actionable business requirements for tech and product teams.
• A confident and influential communicator, able to engage and advise stakeholders at all levels, from engineers to the board.
• High integrity, strong organisational skills, and an unwavering attention to detail.

DON’T TICK EVERY BOX?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

ROLE DESCRIPTION

This is a rare opportunity to own and shape the entire compliance and regulatory approach for a specific, innovative suite of credit products within a larger banking group.
As the Compliance Lead for our embedded finance and invoice finance products, you will be the architect of the compliance framework for this business line.
You will build upon the foundation of the bank’s established policies to create tailored, fit-for-purpose strategies for KYC, AML, transaction monitoring, and regulatory engagement that meet the unique needs of our products and customers.
You will be the key subject matter expert, ensuring our innovative products scale safely and in full alignment with both regulatory expectations and the bank’s risk appetite.
The role will act as MLRO for the subsidiary.

PRINCIPAL ACCOUNTABILITIES

• Architect, implement, and own the end-to-end Compliance & Financial Crime Framework specifically for our digital receivables lending product suite.
• Design and deploy sophisticated, risk-based approaches to customer due diligence (CDD/KYC), sanctions screening, and transaction monitoring
• Act as the primary compliance authority for the product team, providing expert guidance on regulatory requirements and risk mitigation for new product features and market expansions.
• Oversee the day-to-day compliance operations for the product division, ensuring all activities meet the standards set by both regulators and the wider banking group.
• Conduct regular product-specific compliance risk assessments and lead strategic initiatives to remediate any gaps.
• Work with compliance monitoring and internal audit, ensuring all policies and procedures are audit-ready.
• Serve as the crucial bridge between the product division and the bank’s central compliance function, ensuring alignment.
• Foster a culture of compliance awareness within the product division through training and proactive engagement.
• Act as MLRO, including producing annual MLRO report and business risk assessment.
• Act as a key point of contact for regulatory bodies on matters pertaining to the specific product suite.