Chief Compliance Officer

location_onLondon, United Kingdomschedule19 hours ago
trending_upExperience level:Executive
historyMinimum experience:10+ years
Apply Nowopen_in_new

Job description

About Bits:

Bits is an innovative fintech startup dedicated to enhancing financial inclusion and helping individuals build credit through our unique credit products. As a Y Combinator-backed company, we are rapidly growing and striving to transform the way consumers interact with credit. Our flagship product, the Bits Credit Card, alongside our cutting-edge AI offerings, has positioned us as a leader in the fintech space.

About the Role

We are looking for an experienced Chief Compliance Officer (CCO) to lead our compliance initiatives and oversee regulatory affairs at Bits. In this senior leadership role, you will be responsible for developing, implementing, and managing our compliance programs to ensure adherence to applicable laws, regulations, and industry standards. You will work closely with the executive team, including the Founder, to align compliance objectives with our business strategy and drive a culture of compliance throughout the organization. The ideal candidate has extensive experience in compliance within financial services and a deep understanding of regulatory requirements, including those relevant to fintech.

Requirements

  • 10+ years of experience in compliance roles within the financial services or fintech industries
  • Proven track record of developing and implementing regulatory compliance programs
  • In-depth knowledge of relevant laws and regulations, including FCA guidelines and consumer protection laws
  • Exceptional leadership and management skills
  • Strong analytical and risk assessment capabilities
  • Excellent communication and interpersonal skills, with the ability to influence stakeholders at all levels
  • Strategic mindset with the ability to align compliance initiatives with business goals
  • Relevant certifications (e.g., CAMS, CRCP) are highly desirable
  • Ability to thrive in a fast-paced startup environment

Benefits

  • A competitive market salary
  • 28 days holidays/ year incl. UK/ England public & bank holidays
  • Private Healthcare plan (if you want one)
  • Work with the Founder directly
  • Participation in the options plan once it goes live

Skills mentioned


Financial Services, FINTECH
London, United Kingdom
getbits.app

Start building credit today with Bits. The Bits Story Faisal, Bits' Founder, moved to London from the US in 2012. Almost immediately, he encountered a big problem: without a UK credit history, he found himself unable to open even a bank account – let alone get a mobile phone contract or credit card. It didn’t matter that he had a job, or that his US credit history was good: lenders looked at Faisal’s file and saw an unknown quantity. For over a year, he had to pay rent from a Quality Street tin stuffed with £20 notes. Banks treated him like he didn’t exist – as far as they were concerned, he could have been anyone. And how was he meant to build up his credit history if he couldn’t open a bank account? This vicious cycle still affects as many as 10 million people in the UK – and Bits is on a mission to help them. In 2019, Faisal launched the Bits app to help people similarly locked out of basic necessities because of their credit score. By spending carefully with the UK’s top retailers – think Asda, Starbucks, and Amazon – Bits customers can demonstrate their ability to manage their finances, increasing their attractiveness to lenders. As for Faisal? Well, he got the credit score he wanted – and a mortgage, too. Our Mission Backed by the investors behind Airbnb and Dropbox, Bits is a credit building service. Our mission is to promote financial inclusion by providing a path to credit for those neglected by mainstream lenders. ​ Our People Bits has embraced a hybrid remote working culture, with team members across the globe. With a headquarters in London, UK, the Bits team spreads as far as Spain, Ukraine and India. For a relatively small team, we have 16 people across 7 countries!​ Everyone at Bits has a role to play, and has a wealth of knowledge to bring to this. In fact, collectively, we have over 50 years of engineering experience! We hire at the highest quality, and we do our best to ensure that working at Bits is fulfilling and interesting so that you want to stay long term. Our Culture Working at Bits means getting stuff done. We believe that excellence can be achieved by even the smallest of teams, if everyone plays their part and works towards a common goal. Joining the Bits team means jumping in head first, and not being afraid to bring your passion and ideas to have a direct impact on the product from day one.​ We are driven by our mission, which we believe can only be achieved by putting our customers at the forefront of everything we do. Whether you're joining as Customer Support, or a Software Developer, your role should always be considering the needs and wants of our customers.

Apply for this job

Use the application link supplied with this listing to apply to Bits. Check the destination before entering personal information.

Apply Nowopen_in_new