A little about us: 

Tally is an exciting FinTech, transforming the way we all view money forever. At Tally we want to give customers a choice. We believe people deserve to use money that holds its value and remains in their control. This is fundamental to an individual’s financial wellbeing and more broadly promotes savings and productivity in society. 

Tally is a full reserve monetary system and savings & payments platform that enables physical gold to be used as spendable money. Tally as a digital currency is available to save, send and spend seamlessly through the existing global banking ecosystem. Customer accounts have a sort code and individual account number and IBAN, denominated in Tally, and accessed via a smartphone app and with a Tally Debit Mastercard to use at home and abroad. 

We are looking for positive people with integrity, intelligence and a strong work ethic. You will have an amazing opportunity to join our exciting, dynamic and fast-paced culture and be part of a team that is providing better money for the betterment of people.

At Tally we respect each other and are driven by the same core values:

• We are driven by shared inspiration, innovation and the urgently needed protections that Tally delivers for the general public and their personal financial wellbeing.
• We share an obsession about delivering sound money and the benefits that brings to our customers, and that every customer is precious.
• We love to collaborate, stretch and support each other and laugh together.
• We set ambitious yet achievable team and individual goals and use OKRs to measure our progress. We never stop learning, we help each other succeed and celebrate our successes together.

Role: Head of Compliance/MLRO

TallyMoney is looking to hire a Head of Compliance and MLRO. As a key member of the Leadership Team, Head of Compliance and MLRO will help scale TallyMoney in the UK and support its plans to expand into new product verticals and countries. The Head of Compliance and MLRO will be a visible presence across the entire organisation and own the compliance and financial crime prevention and management agenda. 

Working with our CEO and the leadership team, the Head of Compliance and MLRO will evolve the design of and embed compliance controls and culture in the core business operations. You will maintain a robust compliance program for TallyMoney, maintain a strategic and operational view of regulatory requirements, be a specialist in local regulatory reporting and requirements and maintain a well informed and balanced compliance view for the UK. You will report to the CEO and C-Suite team and be a key member of our leadership team.

Responsibilities:

As we continue to expand our operations, we are looking for a dynamic and experienced Head of Compliance and MLRO to join our team and lead our compliance efforts in ensuring adherence to financial regulations, risk management, and maintaining strong relationships with regulatory bodies and partners.

• Develop, maintain, and oversee regulatory compliance management such that relevant and key compliance obligations for the UK are known and mapped to controls.
• Oversee the activities of 1st line of defence and implement relevant compliance monitoring and testing programmes. 
• Stay abreast of evolving financial regulations and industry trends. Assess the potential impact of regulatory changes on Tally and implement necessary adjustments.
• Maintain and update TallyMoney’s policy register to ensure compliance with relevant regulations. Develop and implement policies as needed to address emerging compliance requirements.
• Oversee the development, implementation, and ongoing enhancement of compliance policies. Ensure that policies are effectively communicated and followed throughout TallyMoney.
• Organise and lead quarterly risk meetings to assess and mitigate compliance risks.
• Collaborate with cross-functional teams to develop risk mitigation strategies.
• Prepare and present compliance reports to the board of directors, highlighting key compliance issues and resolutions.
• Maintain strong relationships with partners, external compliance consultants, financial institutions, KYC and transaction monitoring partners, law enforcement agencies, and industry associations. Provide regular compliance reports to partners as required.
• Set-up and manage the compliance function in line with business needs. 
• Foster a culture of compliance within the company. Develop and deliver compliance training programs to educate employees on relevant regulations and compliance best practices.
• Collaborate with Operations, HR, Finance, and Technology departments to ensure alignment with compliance objectives and initiatives.
• Cultivate a positive and proactive relationship with the Financial Conduct Authority and other regulatory bodies and ensure timely and accurate reporting to regulatory agencies as appropriate.
• Act as the Data Protection Officer for TallyMoney ensuring compliance with GDPR and other relevant regulations.
• Lead compliance-related projects and initiatives including new licence applications, regulatory change projects, changes to platforms or other aspects of the control environment.
• Oversee design, implementation, and maintenance of the AML/CTF program, manuals, policies, procedures, and systems.
• Ensuring appropriate mechanisms for identification escalation of potentially suspicious financial crime activities, along with investigation and associated regulatory reporting.
• Oversee initial due diligence and ongoing evaluation of any third-party AML/CTF compliance-related service providers, counterparties, and wholesale partners as well as due diligence conducted in accordance with Modern Slavery legislation.

Qualifications:

• Bachelor’s degree in finance, law, or a related field; advanced degree or relevant certifications (e.g., CAMS) is a plus.
• Proven experience in a similar role within the fintech or payments industry or financial services sector.
• In-depth knowledge of financial regulations, including AML, KYC, transaction monitoring, and data protection.
• Strong leadership and management skills.
• Excellent communication and interpersonal abilities.
• Detail-oriented with strong analytical and problem-solving skills.
• Ability to work collaboratively across departments and with external partners.
• A proactive and adaptable approach to regulatory changes.

If you are a results-driven compliance professional with a passion for ensuring regulatory compliance in the dynamic fintech industry, we invite you to join our team. 

We encourage any potential applicants to sign up for a Tally account and experience the many benefits Tally offers so you can fully understand the essential role we are playing alongside the incumbent fraction-reserve fiat banking system. 

Tally is an Equal Opportunity Employer and does not discriminate on the basis of race, religion or belief, colour, sex or gender identity, sexual orientation, age, disability, national origin, marital status, or any other basis (covered by appropriate law).

If you’re interested to find out more, please click Apply now, send us a copy of your CV and we’ll be in touch!