Upvest, founded in 2017, enables any financial institution to offer great investment experiences to its customers. We are an investment firm regulated by the German supervision authority (BaFin) and the UK Financial Conduct Authority (FCA). The company currently employs 160+ people across Europe with its headquarters based in Berlin, Germany.
Upvest is on a mission to make investing as easy as spending money. The company empowers businesses to offer a wide range of investment products and the best experience in the field of capital market investment and retirement planning. Upvest’s Investment API is easy to integrate so that fintechs and enterprises alike can save resources and fully focus on their core business.‍
Upvest is one of the few fintechs in Europe that can provide its B2B clients with the full range of investment opportunities in the areas of principal broking business, proprietary trading, and safe custody business for traditional securities. The company was founded in 2017 by Martin Kassing and currently employs more than 180 people across Europe. The latest €100m fundraising round (Series C) was led by Hedosophia and Sapphire Venture, with continued support from existing investors including Bessemer Venture Partners, BlackRock, Earlybird, HV Capital, Motive Ventures, and Notion Capital
This position is based in the UK central london (hybrid), with some travel expected to the Upvest office in Upvest HQ in Berlin.

TEAM’S MISSION

Our ambitions in the UK are substantial mighty. With the FCA licence granted in September 2024, and go-live with our first clients planned for early this year, we are looking for an individual to manage the Compliance and AML-related activities within Upvest Securities Ltd, ensuring alignment with regulatory requirements and industry best practices.

JOB REQUIREMENTS:

• 4+ years of experience in financial services firms regulated by the FCA, covering functions related to securities trading Compliance and AML.
• Demonstrable knowledge of UK regulations applicable to an investment firm, such as the FCA COBs rules as well as UK financial crime law such as POCA 2002 and the MLRs.
• Ability to thrive in a fast-paced hybrid environment and learn quickly.
• Passion about the future of fintech and desire to drive it from a front-row seat.
• If you’re someone who likes to build things from the ground up, enjoys being hands-on and wants to get more insight into the fintech space, this opportunity could be the one you’ve been looking for.

• Oversee the compliance strategy, implementation, policies and in-house controls to ensure adherence to FCA rules and related legislation and ensuring AML procedures and controls align with regulatory expectations.
• Manage Suspicious Activity Reports, provide AML guidance & training, and maintain oversight of financial crime risks, including fraud and bribery.
• Maintain compliant KYB/KYC processes on Clients and Vendors, and perform risk analysis at regular intervals and on an ad hoc basis. Establish compliance monitoring programmes and reporting.
• Ensure that conflicts of interest are prevented or that unavoidable conflicts of interest are adequately taken into account.
• Work in close cooperation with the Growth, Product and Operations departments to ensure compliance with internal standards and regulations, taking an active part in all new product processes.
• Engage with the senior management, and external parties (e.g., FCA, auditors) to maintain effective communication and compliance alignment.
• Create and maintain written policies and procedures to meet changing regulatory and business requirements, particularly by keeping abreast of legal and regulatory developments in the fintech space.
• Conduct and maintain regular training and foster a compliance focused culture.
• This role provides the right individual the opportunity to progress to a Senior Manager Function role i.e. Compliance Oversight Function (SMF16) and / or MLRO (SMF17) for Upvest Securities Ltd.