Head of Compliance & MLRO (MAT cover)

Who are we?

Smarkets is a betting exchange for sports and political trading that has handled over £29 billion in volume since 2010. Our company's mission is to fix the betting industry with the best products and best prices. We are upending the sports betting industry by growing a transparent platform that offers the best value for bettors, with the fairest odds, best technology and a superior customer experience.

Smarkets is a Series B tech company that brings a professional, product-led approach to our mission. We embrace collaboration, trust, innovation and scientific rigour, while we celebrate ambitious goals and passionate energy. Our culture rewards people on merit and excellence, and we strive to provide a working environment where recognition, challenges, support, collaboration, interesting benefits and shared meals provided by our chefs mix together to let you unlock your potential, grow with us and become your best self.

Join our team and play a pivotal role in shaping the future of our betting trading technology landscape.

The Role

We are seeking an experienced Compliance professional to manage our established team as maternity cover. This is a key role working across a tech-forward business at a senior level and reporting directly to the Chief Operating Officer. You will be responsible for ensuring compliance standards are maintained across all jurisdiction that we operate in, as well as taking responsibility for AML policies, processes and reporting globally. This role is a 12-month fixed-term contract.

Responsibilities

• Responsibility for compliance across five jurisdictions (UK, Malta, Sweden, Ireland and Indiana).

• Leading a team of  18, with three direct reports who manage Compliance & Customer Operations, AML and Technical Compliance. 

• Being the primary point of contact for all of our regulators. 

• Leading both internal and external audits and executing remedial actions where necessary.

• Managing all types of licence renewals across our various entities. 

• Performing the MLRO/Nominated Officer function, analysing cases of internal suspicious activity and where appropriate ,filing these with the relevant financial intelligence units. 

• Regularly reporting to the board of directors.

• Leading the safer gambling strategy and ensuring compliance with safer gambling regulations across all jurisdictions.

• Updating internal policies, procedures and risk assessments in line with operational changes and industry developments. 

• Managing relationships with third-party service providers.

Must haves

• 3+ years of experience in a similar role.

• A strong understanding of the UK-regulated market.

• Previous AML experience that would make you suitable for holding the role of MLRO/Nominated Officer.

• Experience dealing with regulatory bodies.

Nice to haves

• Exposure to other licences such as MGA, SGA and US.

• Operational management experience.

• Experience with Safer Gambling

Values

• Push to win

• Make others better

• Give a shit

• Be a pro

• Bring the energy

Our values are at the heart of everything that we do. We believe these are the fundamentals to ensure we are delivering what’s expected of us in the best way possible for ourselves and for those around us.

Benefits

We offer a competitive salary package and benefits, along with a dynamic and collaborative work environment. Your work with us will make an impact and your voice will be heard. We are a diverse team with a strong work ethic and plenty of hunger to win. We have designed our benefits offering around Health, Wealth, Lifestyle and Development.

These include:

• Stock options which vest over 4 years

• Pension scheme - An impressive pension scheme via Aviva. We will match 6% if you choose the same

• Health insurance

• Fresh fruit and snacks are provided in the office every day! (tea, coffee, soft drinks also included)

• We’re a member of a cycle-to-work scheme

• We want to continue to invest in all our employees and do so by providing a £1000 yearly education budget that can be used on courses, conferences, books or training

• 25 days paid holiday + bank holidays to enjoy - you have the choice to carry over 5 days to the next year!

• Flexible working - we want to provide a hybrid model approach to working and provide you with 2 days a week working from home

• 20 days a year of global working - we provide the ability to work from anywhere in the world for up to 20 days a year

• We will provide you lunch every day in the office - you don’t need to worry about feeding your belly as we have it sorted with top quality food served by our in-house Chef Alex!