Compliance Manager ( New Zealand Compliance Lead)
Xe, New Zealand

At Xe, we live currencies. We share the belief that behind every currency exchange, query or transaction is a person or business trying to accomplish something important, so we work together to develop new and better currency services that put our customers first.

Xe was one of the first businesses built on the internet, having begun its life in Canada in 1993 as Xenon Laboratories. Our Universal Currency converter was launched in 1995 and it has grown into one of the most popular currency sites in the world, with over 280 million users worldwide. In 2015, Xe was purchased by Euronet Worldwide, Inc. (Nasdaq: EEFT), and joined forces with Euronet’s HiFX brand, a leading international money transfer business, to offer Xe’s users access to reliable money transfer services as well as currency information under the Xe brand. Today, our platform is used by thousands of businesses from small-to-medium-sized enterprises to Fortune 500 companies.

We continue to have ambitious growth plans as we work towards becoming the world’s most used, most loved and most trusted currency exchange service, helping more than a billion people around the world.

We’re proud of what we do and how we do it, but most importantly why we’re here. We empower people to know more and do better because behind every currency exchange query or transaction is a person trying to accomplish something important.

How will you help Xe become more successful?

What you’ll do

Reporting to the Head of Compliance (HOC) APAC, this role will be responsible to continuously assess if Xe’s compliance framework meets the regulatory and licensing obligations as well as internal policies. Areas of non-compliance are identified and escalated as appropriate and ensure there is a comprehensive model to which the NZ business adheres. This role further supports HOC APAC with the Australian licensing and regulatory obligations.

Main Responsibilities include:

• Analyse the adequacy of the AML Framework and submit recommendations for improvements;
• Work with HOC in reviewing and overseeing the continued development, maintenance and implementation of the NZ AML Framework ensuring that there is consistency across the APAC businesses as well as continues to meet local regulatory requirements and best practices.
• All FMCA, NZ FIU and related compliance reporting obligations to the relevant regulatory bodies;
• Responsibility for external AML/CFT statutory independent audit requirements and reporting.
• Undertake all staff compliance and regulatory training for new and existing staff on an annual basis or as and when required.
• Conduct periodic review of the policies and procedures to ensure all regulatory obligations are being adhered to.
• Perform internal reviews and assessments, including assurance testing on APAC processes to determine efficiency and robustness of internal controls and systems.
• Complaint handling and reporting.
• Annual banking party KYC/MSB questionnaires and annual refresh reporting; and
• Dealing in escalations from the various line of businesses.
• Participating in the engagement with global stakeholders on Compliance matters including Local Risk Committee and Board of Directors meetings.
• Supporting on any other Compliance matter as required by the HOC.

Requirements

• You’ll demonstrate a track record gained working within a similar role either within the Derivative Issuer industry or within a highly regulated organisation for a minimum of 8 years;
• Must have a detailed understanding of legal/regulatory compliance and risk issues;
• Possess a strong ability to articulate and communicate risk/compliance issues across all levels and hierarchies in the business;
• Providing support in undertaking trend analysis to determine key risks areas to the business from compliance perspective;
• Demonstrate project management skills and management skills necessary to produce work in accordance with professional standards;
• Getting the right balance, achieving commercial outcomes from regulatory requirements and changes;
• Ability to assess complex activities to identify potential compliance and/or operational risks;
• Have strong technical aptitude; ability to discuss detailed technical requirements with IT staff; and
• Proven ability to build relationships and communicate with people at all levels.

Benefits

• Competitive market-based salary;
• Annual Discretionary Bonus
• Contributory KiwiSaver
• Medical
• Additional day of annual leave per year of service (capped at 25 days)
• Opportunity to be a part of the Euronet Employee Share Purchase Plan (ESPP) and;
• Flexible working.

Job Rewards and Benefits