IFX Payments

Cross-border payments platform with FX

Regulatory Compliance Specialist

Regulatory Compliance & EthicsPosted on Nov 12

Full-timeLondon, UKNo salary listed

About the Job

Requirements

Significant experience in a regulatory compliance role within an FCA-regulated financial services firm, such as a payments firm, electronic money institution, bank, investment firm, or fintech; financial crime experience alone is insufficient.
Experience supporting compliance monitoring and testing, including reviews, attestations, evidence gathering, findings, and remediation tracking.
Experience of regulatory change management, including triaging regulatory developments, impact assessments, and gap analysis.
Experience reviewing surveillance alerts, or other high-volume compliance review activity, with clear documentation of outcomes.
Experience supporting compliance policy reviews and maintaining compliance records and logs, such as conflicts of interest registers.
Experience preparing compliance management information, ideally including Consumer Duty reporting.
Working knowledge of the FCA Handbook, including CASS and safeguarding, Principles for Businesses (including Consumer Duty), SYSC (including conflicts of interest requirements, outsourcing, and operational resilience), and the Payment Services Regulations 2017 and Electronic Money Regulations 2011 where applicable.
Understanding of compliance monitoring methodologies, regulatory change processes, surveillance and record-keeping expectations, and regulatory risks arising from cross-border payments and related services.
Ability to apply regulatory requirements accurately and proportionately.
Ability to distinguish clearly between first-line control ownership and second-line oversight.
Strong attention to detail and accuracy, particularly in high-volume review work.
Ability to document rationale, evidence, and outcomes clearly.
Ability to prioritise and manage competing deadlines.
Ability to identify issues and escalate them promptly and appropriately.
Clear written communication, including drafting policies and management information.

Responsibilities

Own the day-to-day regulatory change process, triaging alerts from the firm’s horizon-scanning platform and filtering developments relevant to the firm.
Initiate and coordinate impact assessments and gap analyses, and notify relevant business areas of changes affecting them.
Recommend and track actions arising from regulatory change, including policy and procedure updates, through to completion.
Escalate material regulatory developments to the Compliance Director in a timely manner.
Support delivery of the Compliance Monitoring Plan through monitoring and testing activities across the business.
Gather and record test evidence, findings, and remediation actions in the firm’s GRC tool, and track actions to closure.
Support ad hoc deep dives and reviews as directed by the Compliance Director.
Review and clear surveillance alerts generated by the firm’s surveillance tool, document outcomes, and escalate potential breaches in line with procedures.
Provide regulatory advisory support to the business, proportionate to experience, including on new business initiatives.
Support internal and external audits and breach assessments, with final determinations made by the Compliance Director.
Support logging and tracking regulatory breaches and incidents, ensuring root causes, customer impact, and remediation actions are captured and evidenced.
Complete monthly conflicts-of-interest checks for joiners and leavers; maintain conflicts-of-interest and gifts-and-entertainment records; and escalate potential conflicts.
Maintain records of key regulatory deliverables, including regulatory correspondence and regulatory returns.
Support policy management, including the annual policy review cycle; help policy owners meet review deadlines and keep records current.
Draft policy updates, particularly those arising from regulatory change, and support communication of new and updated policies, including related compliance training and awareness.
Produce the monthly Consumer Duty dashboard and support compliance management information and the annual Consumer Duty report, ensuring information is accurate, complete, timely, and supported by evidence.
Support preparation of executive committee and audit and risk committee packs.
Share workload and provide cover across monitoring, surveillance, management information, policy management, and log management with the other Regulatory Compliance Specialist.
Support the Compliance Director with regulator correspondence records and the regulatory returns calendar, without taking ownership of regulator liaison or submissions.
Escalate capacity constraints or emerging compliance risks to the Compliance Director.

Desired Qualifications

ICA Certificate or Diploma in Compliance, or an equivalent compliance qualification.
Experience using GRC, regulatory change, or surveillance tools.
Experience of Consumer Duty implementation or ongoing monitoring.
Experience in an FCA-regulated electronic money institution, payments firm, or cross-border payments business.
Experience supporting internal or external audits, such as CASS audits.

Overview of the role

The Regulatory Compliance Specialist is a newly created second line compliance role within IFX's Regulatory Compliance team, reporting to the Compliance Director and working alongside the team’s other Regulatory Compliance Specialist. It offers broad, hands-on exposure across the full regulatory compliance programme, with scope to also support the advisory remit dependent on experience.

The second line role has been created to add capacity and resilience to the team. It takes day-to-day ownership of regulatory change and supports existing coverage of compliance monitoring and testing, surveillance alert review, policy management, Consumer Duty MI, conflicts of interest log management and regulatory advisory work.

Purpose of the Role 

Regulatory Change Management: Own the day-to-day regulatory change process, ensuring relevant developments are identified, assessed and actioned.
Compliance Monitoring Plan: Support the team's delivery of the Compliance Monitoring Plan, attestations and surveillance alert review.
Compliance Advisory: Advise the business day to day on new/changes to products, client journeys, new business initiatives or in effect regulatory obligations (dependent on experience).
Compliance Programme: Provide the Regulatory Compliance team with additional support across key compliance activities.
Regulatory Compliance Policies: Support the Regulatory Compliance team in maintaining an up-to-date and effective compliance policy framework.
Management Information: Support the production of accurate and timely compliance and Consumer Duty MI.

Regulatory Change

Own the day-to-day regulatory change process, triaging regulatory change alerts from the firm’s horizon scanning platform and filtering developments relevant to IFX.
Initiate and coordinate impact assessments and gap analyses, and notify relevant business areas of changes affecting them.
Recommend and track actions arising from regulatory change, including policy and procedure updates, through to completion.
Escalate material regulatory developments to the Compliance Director in a timely manner.

Compliance Monitoring and Testing

Support the Regulatory Compliance team's delivery of the Compliance Monitoring Plan through execution of monitoring and testing activities across the business.
Gather and record test evidence, findings and remediation actions in the firm’s GRC tool, and track actions to closure.
Support ad-hoc deep dives and reviews as directed by the Compliance Director.

Surveillance

Support the team to review and clear surveillance alerts generated by the firm’s surveillance tool.
Document alert review outcomes clearly and consistently.
Escalate potential breaches to the Compliance Director and the Regulatory Compliance Specialist in line with escalation procedures.

Compliance Advisory

Provide regulatory advisory support to the business, proportionate to experience, including on new business initiatives.
Support internal and external audits and breach assessments, with final determinations made by the Compliance Director.
Support the logging and tracking of regulatory breaches and incidents, ensuring root causes, customer impact and remediation actions are captured and evidenced.

Compliance Programme:

Complete monthly conflicts of interest checks for joiners and leavers.
Maintain accurate conflicts of interest and gifts and entertainment records, escalating potential conflicts to the Compliance Director.
Support the team with maintaining a record of key regulatory deliverables such as regulatory correspondence and regulatory returns.

Regulatory Compliance Policies

Support the Regulatory Compliance team with department policy management, including the annual policy review cycle tracked in the firm’s GRC tool.
Support policy owners in meeting review deadlines and ensure policy records remain current.
Draft policy updates, particularly where they arise from regulatory change.
Support the communication of new and updated policies to the business, including related compliance training and awareness.

Management Information

Produce the monthly Consumer Duty dashboard and support compliance MI.
Support the preparation of the annual Consumer Duty report.
Ensure MI is accurate, complete, timely and supported by appropriate evidence.
Support the preparation of executive committee and audit and risk committee packs.

Team Working and Resilience

Work alongside the other Regulatory Compliance Specialist to share workload and provide cover across monitoring, surveillance, MI, policy management and log management.
Support the Compliance Director with regulator correspondence records and the regulatory returns calendar where required, without taking ownership of regulator liaison or submissions.
Escalate capacity constraints or emerging compliance risks to the Compliance Director.

Essential Experience

Significant experience in a regulatory compliance role within an FCA-regulated financial services firm, such as a payments firm, EMI, bank, investment firm or fintech. Financial crime experience is valued, but on its own will not be sufficient for this role. We encourage candidates with regulatory compliance experience to apply.
Experience supporting compliance monitoring and testing, including reviews, attestations, evidence gathering, findings and remediation tracking.
Experience of regulatory change management, including triaging regulatory developments, impact assessments and gap analysis.
Experience reviewing surveillance alerts, or other high-volume compliance review activity, with clear documentation of outcomes.
Experience supporting compliance policy reviews and maintaining compliance records and logs, such as conflicts of interest registers.
Experience preparing compliance MI, ideally including Consumer Duty reporting.

Essential Technical Knowledge

Working knowledge of the FCA Handbook, including CASS / Safeguarding, Principles for Businesses (incl. Consumer Duty), SYSC (including conflicts of interest requirements and outsourcing, operational resilience), together with the Payment Services Regulations 2017 and Electronic Money Regulations 2011 where applicable.

Understanding of compliance monitoring methodologies, regulatory change processes, surveillance and record-keeping expectations, and the regulatory risks arising from cross-border payments and related services.

Essential 2LOD Capabilities

Ability to apply regulatory requirements accurately and proportionately.
Ability to distinguish clearly between first line control ownership and second line oversight.
Strong attention to detail and accuracy, particularly in high-volume review work.
Ability to document rationale, evidence and outcomes clearly.
Ability to prioritise and manage competing deadlines.
Ability to identify issues and escalate them promptly and appropriately.
Clear written communication, including drafting policies and MI.

Desirable Experience

ICA Certificate or Diploma in Compliance, or equivalent compliance qualification.
Experience using GRC, regulatory change or surveillance tools.
Experience of Consumer Duty implementation or ongoing monitoring.
Experience in an FCA-regulated EMI, payments firm or cross-border payments business.
Experience supporting internal or external audits (e.g. CASS audits).

About the Company

IFX Payments

Cross-border payments platform with FX

IFX Payments is a London-based fintech that streamlines international money movement for businesses by combining foreign exchange expertise with a digital payments platform. Its core service, ibanq, enables sending and receiving funds in over 40 currencies from a single interface, while an API gateway lets clients integrate straight-through processing, real-time reporting, and automated treasury workflows. The company targets corporates, financial intermediaries, and institutions seeking alternatives to traditional banking through scalable, cloud-based payments and FX solutions. Its goal is to reduce currency risk and simplify cross-border transactions, embedding itself as a global payments and treasury platform for businesses of all sizes.

Company size: Not listed
Company stage: Not listed
Total funding: Not listed
Headquarters: London, United Kingdom
Founded: 2005

Recently Posted Jobs

Explore more opportunities at IFX Payments

See more jobs