Compliance Officer

Compliance Officer

  • 61 Rue de Courcelles, Paris, 75008
  • Permanent contract 
    Education: Not specified
    Experience: Not specified

    This position was filled!

    Who are they?

    Founded in 2016, iBanFirst has quickly established itself as the leading alternative for businesses that trade and carry out international payments. iBanFirst offers a next-generation cross-border payment experience that combines a powerful platform and the support of FX experts. With iBanFirst, executives and finance teams can get direct access to currency markets, receive, send and track payments and develop tailored hedging strategies.

    With more than 350 employees in 10 European countries, processing a volume of transactions worth more than €1.4 billion each month, and listed by the Financial Times as one of Europe’s fastest growing companies, iBanFirst became in less than 10 years a trusted partner for SMEs across borders.

    iBanFirst has the financial backing of the French public investment bank (bpiFrance), European venture capital leaders (Elaia, Xavier Niel), and the American investment fund Marlin Equity Partners (more than 8 billion dollars of capital under management).

    Regulated by the National Bank of Belgium as a payment institution, iBanFirst is authorized to operate throughout the European Union. Member of the SWIFT network and SEPA certified, iBanFirst holds AISP and PISP accreditations under PSD2.

    Job description

    Job description

    We are looking for a Compliance Officer for our growing team in Budapest. Together with the international compliance team you will play a key role to ensure that our growth is built on a foundation of integrity and sustainable compliance policy, where you will specifically be in charge of its implementation within our Hungarian branch.

    What you will do

    As a compliance officer it is your mission to ensure the correct application of the laws and regulations and ensure that all business operations, actions and decisions meet compliance and ethical requirements in all areas.

    Your assignments will be varied and include day-2-day compliance, project management and implementation of new regulations.

    • Establish and update company processes and guidelines
    • Monitor regulatory updates and changes
    • Regularly train and monitor our staff to ensure compliance
    • Continuously review applicable and relevant policies and guidelines, their application and implementation in the company
    • Identify potential risks and conduct due diligence on potential high-risk clients / prospects / transactions, especially with regards to money laundering, terrorist financing and other criminal activities
    • Conduct regular spot checks to monitor KYC and KYT processes
    • Implement internal control measures
    • Prepare suspicious activity reports to the relevant authorities (Local FIU, CTIF, etc.)
    • Represent the interface between, and collaborate with, the front and middle office on specific compliance issues
    • Participate in the implementation of cross-departmental regulatory projects
    • Participate in the production of compliance supports (procedures, guidelines for Sales teams, e-learning, newsletters, etc.)
    • Participate in the preparation of internal and external reports for the supervisory authorities
    • Carry out projects aiming to optimize and develop the solutions offered by iBanFirst (digital KYC, onboarding process, etc.)

    What do you bring?

    • You have completed a master's degree or equivalent in business law / banking and financial law / political science / international relations / business economics
    • You have 3+ experience in the compliance field
    • You have knowledge and expertise with the relevant laws and regulations in the financial services industry (mainly AML/CTF, PSD2)
    • You want to contribute to the development of a Fintech leader in an innovative and leading industry
    • You have great autonomy and you are rigorous in your daily work
    • You have excellent analytical skills
    • You are well organized and detail oriented
    • You have a good knowledge of Excel and PowerPoint tools
    • You are fluent in English and Hungarian

    What do we offer?

    • Various missions and projects in an innovative and rising start-up in a thriving industry (fintech)
    • A key role and a unique opportunity to shape the future of iBanFirst
    • A professional and international team with a flat hierarchy
    • A nice work environment

    Who are we?

    iBanFirst is an international financial services provider offering alternative payment solutions to traditional banking.

    iBanFirst is a fintech that developed a banking platform to enable international SMEs to carry out fast, secure and fairly priced multi-currency transactions.

    Thanks to iBanFirst, finance teams can send and receive payments in more than 30 currencies and benefit from personalized support to cover their foreign exchange exposure.

    Since 2016, iBanFirst has raised 46 million euros and in May 2021, the Californian fund Marlin Equity Partners invested €200M to further accelerate the growth and development of iBanFirst.

    Joining iBanFirst is a unique opportunity to develop your skills and evolve quickly in an international company that is at the cutting edge of innovation.




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