- The EU Chief Compliance Officer is an executive-level role based in Belgium responsible for leading and operating the EU compliance program and acting as the AML Compliance Officer (AMLCO) for the EU payment institution
The role involves designing and implementing a robust internal controls environment across Fintech compliance domains (PSD3, GDPR, DORA, AML, etc.), providing senior management with independent compliance and AML advice, and representing the organization to regulators such as the National Bank of Belgium Own and drive the development, implementation, and ongoing improvement of the organisation's compliance program, ensuring the organisation meets all legal requirements and expectations of the National Bank of Belgium (NBB), across Fintech compliance domains (DORA, GDPR, PSD3, AML, …)
- Act as the AML Compliance Officer (AMLCO) for the EU entity, staying updated on EU financial crime legislation and ensuring compliance with AML/CTF requirements
- Act as a key point of contact for regulators (including the National Bank of Belgium) and industry bodies; represent the organization in regulatory discussions and industry forums
- Conduct regular reviews of internal compliance policies and procedures, updating them to reflect changes in the EU regulatory landscape and implementing strategies to mitigate risks and required training
- Prepare or oversee preparing and submitting regulatory reports and notifications to the NBB and other regulators, as needed
- Provide advisory support to various business units on compliance-related matters, with a focus on payment services regulations
- Provide technical compliance support enabling new products or existing product feature changes
- Balance customer friction, compliance and cost to formulate creative and pragmatic compliance processes
- Take on and own new challenges across the compliance programme on a project basis, applying problem-solving approaches to design new processes or drive cross-team efforts to meet regulatory requirements
- Build effective working relationships and collaborate with key stakeholders regarding updates on issues, internal controls and key process changes
- Design and implement control testing procedures to evaluate the effectiveness of internal controls, conduct testing and formulate feedback
- Identify control gaps, provide recommendations for control process improvements, and oversee corrective action plans
- Identify opportunities for efficiencies and automation and utilize tools to monitor internal controls
- Serve as a point of contact to internal and external auditors and support the evaluation of remediation action plans; support cross-functional teams in the issues management process
- Provide regular updates and reports to management, including governance committees and respective boards
The role requires regular interaction with regulators, industry bodies, auditors, governance committees and cross-functional internal stakeholders
