EU Compliance Manager

Thunes is the Smart Superhighway to move money around the world. 

Thunes’ proprietary Direct Global Network allows Members to make payments in real-time in over 140 countries and more than 90 currencies. Thunes’ Network connects directly to over 12 billion mobile wallets, stablecoin wallets and bank accounts worldwide, as well as 15 billion cards via more than 220 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay HK and many more.  Thunes’ Direct Global Network differentiates itself through its worldwide reach, in-house SmartX Treasury System and Fortress Compliance Platform, ensuring Members of the Network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally.  Members of Thunes’ Direct Global Network include gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks. Headquartered in Singapore, Thunes has offices in 15 locations, including Atlanta, Barcelona, Beijing, Dubai, Hong Kong, Johannesburg, London, Manila, Nairobi, New York, Paris, Riyadh, San Francisco and Shanghai. For more information, visit: https://www.thunes.com.

CONTEXT OF THE ROLE

Based in Paris, reporting to the Global Compliance Director based in Paris, this role will lead the Compliance function in France and be appointed as MLRO (Money Laundering Reporting Officer) of Thunes’ French Payment Institution; supporting Thunes activities globally where the license is used - including through the passporting of the license in the EEA.

This role is expected to partner with the Global Compliance function (including the Global Head of Compliance, the Financial Crime team, the KYC team, among others) and other cross-functional teams (Legal, Account Management & Business Development, Finance & Treasury, Product etc) based across the world.

A Senior Compliance Officer based out of Paris currently reports to this role. 

The role is an in the office role, subject to Thunes’ Office Working Policy based out of the Company’s offices in Paris, France.

The position provides an exciting opportunity to work on an international stage, alongside household names, and join a rapidly growing FinTech company making a real impact on the lives of people in developed and emerging markets alike.

The ideal candidate should be someone who has previously held payments compliance roles in organisations such as:

• Payment Services Providers (incl. MTOs and Cross-Border money remitters, acquiring PSPs and BaaS providers)
• eMoney and Payment Institutions
• Banks or Financial Institutions

KEY RESPONSIBILITIES 

Compliance Programme for Thunes France:

• Serves as MLRO for the French Entity
• Actively engages in the deployment of Thunes’ Group Compliance framework in France, including for AML/CTF, Sanctions, and ABC policies
• Aligns such frameworks with the Thunes Global Policy House
• Applies existing frameworks to all the different cycles of the business relationship (onboarding, ongoing monitoring, reporting), and support the KYC and Transaction Monitoring teams in their daily activities
• Provides relevant and reliable risk analysis on clients, payment methods and global payment chains
• Prepares and communicates analysis and assessment to internal senior management
• Identifies, assesses, tracks, and escalates risks (namely regulatory) throughout Thunes’ business
• Communicates and trains relevant teams on compliance requirements
• Ensures a proper regulatory watch and anticipates evolutions of the compliance framework

Risk & Internal Control for Thunes France - Supporting the Global Risk & IC function:

• Managing and updating the risk management system (risk mapping, rating, monitoring)
• Handling the implementation of risk prevention and reduction procedures
• Managing, monitoring and reporting of incidents (incl. PSD2 incidents)
• Performance of Risk Assessment (EWRA) and AML/TF Risk Classification
• Deploying the control plan based on the risk assessments
• Act as point of contact for the teams in charge of level 2 controls

Compliance Point of Contact for matters related to France:

• Serves as Point of Contact for the French authorities (the ACPR, namely) and act as local MLRO
• Interacts with senior management, partner banks, FIU, government authorities and payment schemes in the region
• Contributes to the Thunes Global Policy House process incl. Creation, review and deployment of relevant policies
• Centralizes and coordinates the remediation of audit findings 
• Creates, coordinates and communicates mandatory reportings to local authorities

Stakeholder Engagement & Influence:

• Being an actor in the maintenance of a strong Risk & Compliance culture within the business line
• Involved in the governance of the French-regulated entity (committees, reporting to authorities...)
• Spend time working alongside the operational teams in EU, UK, US and APAC to accommodate the French regulatory specificities within the Global Compliance Program
• Has knowledge on operational deployment of a compliance programme (KYC, sanctions & PEP screening, AML/CFT alerts management)
• Communicates and trains relevant teams on compliance requirements
• Has willingness to excel and grow within the organization, at both regional and global level
• Some international travel may be required (no more than 5%)

WHO WE ARE LOOKING FOR

Experience & Knowledge

• 5/7 years of professional experience in a  compliance role at a financial institution, preferably in banking or payments
• Deep knowledge of the French and EU payment services and crypto-assets regulations (PSD2/PSD3/PSR/EMD2 and MiCA) as well as the AML/TF local framework (AMLD6 and AMLR)
• Experience serving as MLRO or Deputy MLRO
• Master 2 University Degree or equ. in Law, Criminal Law, Business Law or other relevant areas 
• ACAMS and/or ICA certification are advantageous 
• Experience in compliance areas within a financially regulated company including namely AML/TF, Risk & Permanent Control, Governance 
• Business minded and able to support the development of innovative payment services
• Expertise with digital assets is a strong plus

Skills & Competencies

• Experience working in an international and diverse environment
• Excellent written and verbal communicator in English (reading/speaking)
• Strong internal and external stakeholder management skills 
• High level of autonomy and proactivity
• Ability to work well under pressure, different priorities, and tight deadlines
• Collaborative work approach