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Permanent

Head of Risk and Regulatory compliance

City of London
money-bag Negotiable
9B8D622C8F128DFCC5FD374C0426A005
Posted Yesterday

Overview

ABOUT USWe are Vitesse – the treasury and payment partner of choice for insurance. Formed in 2014 by a team of proven FinTech entrepreneurs, we are an FCA-regulated business providing global claim funds management and payment solutions. Operating one of the largest banking and payment settlement networks in the world, we give our customers direct access to 200 countries and currencies. Through a single integration, insurers can use this network to pay claims in as fast as 45 seconds and deliver a superior claimant experience. Our market-leading treasury proposition provides insurers with transparency and control over their claim funds, even when delegated to third parties, allowing them to have their money in the right place, at the right time, to make that all-important payment when customers need it most.With over 260 employees across our London headquarters, Europe, and the US, $93m Series C funding secured, and exceeding £15bn in processed transactions, we are only just getting started.We are collaborative, customer centric and work with integrity, whilst partnering with some of the biggest insurance leaders including Lloyd’s of London and Many Pets. We take huge pride in our company culture, ensuring that everyone has a part to play, an opportunity to be heard, be involved, and the ability to make a real difference. As we continue to scale up, we want like-minded humans to join us on this exciting journey. Are you ready?Responsibilities

Support the Chief Risk Officer (CRO) in developing, implementing, and maintaining the Group’s risk and compliance frameworks.Embed a culture of risk awareness and regulatory excellence; act as a key advisor to senior stakeholders and a trusted partner to regulators.Risk Management and Governance

Design, implement, and oversee an effective Group Risk Management Framework.Develop and embed the Three Lines of Defence (3LoD) model aligned to the Group’s strategic objectives.Ensure governance, reporting, and escalation processes across Group and entity-level risk activities.Manage and optimise the Group’s Risk Management Software (Protecht) to ensure robust risk identification, monitoring, and reporting.Act as Secretary to the Group Audit and Risk Committee, managing agendas, materials, minutes, and ensuring the committee’s effectiveness.

Assurance and Audit

Maintain and execute a Group-wide internal assurance plan focusing on risk and compliance reviews.Oversee the external audit framework, coordinating with auditors to ensure effective delivery and follow-up.

UK Regulatory Compliance

Oversee UK regulatory requirements, set policy and advise the business of regulatory obligations.Monitor and interpret UK regulatory developments.Maintain oversight of UK regulatory change initiatives impacting Vitesse PSP Ltd.Support the CRO in managing UK regulatory relations, ensuring a consistent and transparent approach in communications with regulators.

Specialist Risk Areas

Partner with the DPO and CISO to manage privacy and data protection risk, ensuring compliance with GDPR and global equivalents.Provide input on broader risk domains including operational resilience, financial crime, and cyber risk.

Qualifications

Significant experience in risk management and regulatory compliance within financial services, ideally payments or e-money institutions.Strong knowledge of UK regulatory frameworks (FCA, PSD2, EMI safeguarding) and awareness of international regimes.Experience contributing to risk and compliance frameworks at a Group or multi-jurisdictional level.Track record in audit, assurance, and governance; familiarity with Three Lines of Defence models and enterprise risk management.Hands-on experience with risk management systems (Protecht or similar).Strong communication skills with the ability to work with senior executives, regulators, and auditors.Benefits

25 days Holiday per year (increasing by 1 day per year’s service, up to 30 days) + Bank HolidaysHybrid working arrangements – minimum 2 days in the office, Tuesday - ThursdayContributory pension schemeEnhanced Parental leaveCycle to Work SchemePrivate Medical Insurance with AXAUnlimited access to therapy sessions through our partner, OlivaDiscounted Gym membership through GympassFinancial Coaching with Octopus Wealth2 days of volunteering leave per yearSabbatical after 5 years’ serviceLife Assurance - MetLife (UK employees only)Ongoing Learning and Development to support your career goalsVitesse at our best – our values

The Vitesse values are a true reflection of what it takes to thrive in our business, so it’s important to us that any employee who joins our business is aligned with these 3 attributesConfident HumilityWe don’t do ego and we know that unless we all win, none of us win. We admit when we’re wrong, ask for help and always think about the wider business before ourselves.Driven to SucceedWe see the opportunity ahead of us and we won’t stop until we fulfil the potential we know we have. We hold ourselves to high standards and deliver high quality outcomes for Vitesse and our customers.Tenacious ResponsibilityWe take ownership for our actions and decisions, and face into the challenges that come our way. We are committed to seeing things through to completion, even in the face of adversity.We are an Equal Opportunity Employer We are committed to creating an inclusive environment that enables everyone to perform at their best, where we recognise the rights of all individuals to mutual respect and where there is an unbiased acceptance of others. Our policies and practices aim to promote an environment that is free from all forms of unfair discrimination and values the diversity of all people. At the heart of our policy, we seek to treat people fairly and with dignity and respect.

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