Senior Compliance Officer

at Ummah Finance in Kingston upon Thames

Ummah-Finance was founded with a vision to help people achieve their financial goals and aspirations in a way that does not compromise their faith and values. We also aim to support the growth and education of Islamic finance in the UK.

Growing ethnic communities in the UK do not feel their current banks value them truly as customers.
Here at Ummah-Finance we are creating the 1st digital bank based in the UK which is Ethical and 100% Shari’ah Compliant. Our value comes from our strong cultural ethics, rather than ideologies of making profits.

We are seeking an exceptional individual to join our rapidly growing team as Senior Compliance Officer.

Job Specifics:

Position: Senior Compliance Officer
Location: Central London
Languages: Fluent English / Any other relevant
Job type: Permanent
Permit type: UK work permit
Experience: 5+ years retail banking regulation / compliance
Qualifications: Bachelor’s degree / Further Compliance qualifications (ICA Diploma, etc)

Your Role:

This is a newly created position that will see you taking responsibility for ensuring Ummah Finance meets rigorous regulatory compliance standards, whilst maintaining and supporting our ambitious growth plans in the UK Fintech sector.

As a Senior Compliance Officer at Ummah Finance, you will be defining and applying the best in class know your customer (KYC), anti-money laundering (AML), and regulatory change control frameworks and processes. You will be exposed to various areas of the business and be at the forefront of fostering a high compliance culture within Ummah Finance.


We are looking for someone like you who can:
 Ensure that the business has effective systems, procedures and controls for AML and KYC compliance with requirements and standards under the regulatory system
 Identify gaps in compliance and address those by implementing systems, procedures and controls and working with business systems to implement them
 Assist with the compliance risk assessment process ensuring that the regulatory risks are appropriately identified and assessed
 Provide internal training on AML and KYC in order for the business to keep abreast of regulatory issues and to enhance individual ownership of risk and fiduciary responsibilities
 Monitor the performance of the AML, KYC, and Compliance Programme and related activities on a continuing basis, taking appropriate steps to improve its effectiveness & providing reports on a regular basis, keep senior management informed of the operation and progress of compliance efforts
 Implement a compliance culture and effective company systems and controls to ensure regulatory compliance

Experience and skills
We are looking for someone who has:
 5+ years of AML and KYC in a retail compliance experience at a financial services, credit, or payment organisation
 Highly developed communication and influencing skills with ability to build relationships across the organisation at all levels.
 Excellent and detailed knowledge of the UK financial services regulation with a global mind-set. and ability to develop complex worldwide compliance programmes
 Ability to continuously encourage high compliance awareness
 Strong regulatory and financial reporting skills
 Ability to engage confidently with senior management, board and regulatory bodies
 Innovative, strong decision making and problem solving ability

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Published at 29 Sep 2017
Expires on 29 Nov 2017

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