Compliance Officer

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About us

Brite Payment Group is a fast-growing second generation challenger in the European payment space. Allowing consumers to make payments using their bank account, Brite employs state-of-the-art open banking technology to process instant payments across Europe across a wide range of verticals. With connections to many of the continent’s largest banks, consumers and merchants receive their funds instantly, making online payments safer and more convenient than ever.

 

The job

The Compliance Officer is a key role within Brite Payment Group, working closely with all members of the management team. In this role, your greatest strength is the ability to combine your deep understanding of the regulatory landscape with Brite’s operations and governing framework. Your passion is not just understanding the rules, but successfully translating them into daily operations. You have a strong ethical compass underpinning your drive to support a fast growing business.

You will be expected to merge regulatory requirements and legal prerequisites into internal briefings to ensure the whole team is on board with regulatory developments. A multi-jurisdictional mindset will be part of your daily routine.

Key responsibilities include (but are not limited to):

  • Lay the foundation for in-house compliance at Brite, demonstrating a working

    knowledge of applicable banking and payment compliance regulations and laws, industry trends, emerging issues and a keen interest in regulatory innovation (such as PSDII)

  • Contribute actively to the management of a licensed financial institution by taking charge of Brite’s governing framework policies and instructions and manage company-wide renewals to ensure consistency with current applicable financial rules, regulations, and laws, while helping to enforce them

  • Provide advice, guidance and insight to management and staff regarding new/emerging compliance issues. Consult and guide the company in establishment of controls to mitigate compliance risk;

  • Work with the management team and senior managers to establish internal processes and routines, such as NPAPs, screening and monitoring routines

  • Establish compatibility with regulations across various customer verticals (such as financial services and other regulated services) as well as geographies

  • Develop close working relationships with internal legal team, as well as with compliance, internal audit and risk control functions (currently outsourced to ‘big four’ accounting firms)

  • Draft annual plans and work on risk-based monitoring and evaluation activities, including risk assessment, monitoring and testing, analysis of findings, and reporting to ensure effective, sustainable risk management processes exist

  • Identify and communicate need for compliance education programs and oversee the development and implementation of compliance training for all staff members;

  • Communicate and negotiate with external parties, such as regulators, external counsels, clients, authorities and similar

  • Establish the compliance culture at Brite as a challenger business pushing innovative boundaries while safeguarding our license to operate at all times

  • Finally, represent the spirit of Brite through a high integrity, high availability approach towards all stakeholders alike


Who are you?

  • As Brite’s future Compliance Officer you have a minimum of 5 years professional working experience, either at a financial institution or consulting firm advising financial institutions (or otherwise comparable setting)

  • You have a relevant degree from a European university

  • You have deep knowledge of financial services regulation and preferably also the implementation thereof in daily operations

  • You are genuinely passionate about ensuring compliance while understanding the nature of a fast-growing business

  • Integrity is a key value for you and you thrive in a highly ambitious team with a strong moral compass

  • You are comfortable sorting out ambiguity and can bring clarity of purpose to the teams surrounding you. You know where to start and how to motivate deliveries from other teams

  • You are able to work comfortably in an intense, fast-paced international environment and have the ability to communicate and present complex issues and matters to all levels of an organisation 

Or, know someone who would be a perfect fit? Let them know!

Stockholm

Tegelbacken 4A
111 52 Stockholm Directions View page

About us

We are Brite.

Brite is a second generation FinTech challenger based in Stockholm. Working for first generation fintech companies before founding Brite, our people have previously been part of building European FinTech success stories such as Klarna, Qliro, Trustly, and SOFORT, to name a few. Together we are now working to bring you modern payment solutions that are more accessible and more affordable.

We are developers.

The biggest group of people here at Brite are developers. We want to drive development in the FinTech sector. Our technical platform is open-sourced. That way, other developers can build their solutions on the same platform that we use daily.

Cash is king no more. 

Today, practically all financial transactions are handled digitally. At Brite we build on the foundation laid by European payment companies who shook the status quo in the early 2000s, to create payments that are secure, reliable, and affordable. So, whether you are a bank, an insurance company, online retailer, video game company, or something else, we are bold enough to say that your future is Brite.

 

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