About FastCredit UK

Fast Credit UK is a leading pawnbroking company operating 14 branches across the United Kingdom. Our areas of expertise include pawnbroking, jewellery retail, and foreign exchange (FX) transactions. We are committed to providing a secure, customer-focused, and fully compliant financial service environment.

Job Purpose

The Head of Compliance & MLRO is responsible for ensuring the company maintains full compliance with all regulatory requirements, particularly in relation to financial crime, anti-money laundering (AML), and financial sanctions. This role serves as the first point of contact for regulators and internal stakeholders regarding compliance, risk management, and suspicious activity investigations.

Key Responsibilities

• Regulatory Liaison:
  • Act as the primary point of contact for regulators and oversee all regulatory communications.
  • Ensure timely submission of reports and adherence to regulatory timelines.
• Compliance Oversight:
  • Ensure that the company remains compliant with all applicable laws, regulations, and internal policies at all times.
  • Identify, monitor, and implement new or updated regulatory requirements, with a focus on financial crime prevention.
• Policy & Procedure Management:
  • Develop, review, and maintain compliance and risk documentation, controls, policies, and procedures.
  • Ensure the firm’s AML Policy, Financial Sanctions Policy, and related procedures are up-to-date and effectively communicated.
• Risk & Incident Management:
  • Act as the first point of contact for internal advice on compliance-related issues and complaints.
  • Track potential risks, areas of concern, and manage corrective action plans for incident management.
• Financial Crime & Suspicious Activity Monitoring:
  • Oversee the investigation, review, and resolution of all activities and transactions identified as potentially suspicious.
  • Monitor customer risk, with clear reporting and escalation procedures for high-risk clients.
  • Manage, and where necessary, conduct high-profile or sensitive investigations into compliance or financial crime matters.
• Training & Awareness:
  • Promote a culture of compliance and ethical conduct throughout the organization.
  • Provide guidance and training to staff on compliance, AML, and financial crime prevention measures.
• Reporting:
  • Prepare regular compliance and risk reports for senior management and regulators.
  • Provide insight and recommendations to mitigate risks and improve internal controls.