Head of Legal & Compliance

Location
Remote
Contract Type
Full Time

Our clan

DirectID is growing fast and thoughtfully. We are a remote-first organisation and have been recognised as one of Scotland’s top 10 most flexible employers. We know we're not just building world-class products but also a world-class team and a set of sustainable development practices that will continue to deliver value as we scale.

We believe that the best work comes from cross-functional, self-organising, and diverse teams that take ownership of their processes and practices. You will be trusted to make things happen.

Our people set us apart and these are some of the words they use to describe our culture: Flexible, Fast, Compassionate, Potential, Professional, Fun.

Our values have grown organically through our behaviours and outcomes, driving everything we do We’re a Clan, With one Shared Vision, For our Customers and Brave at Heart.

Your role

Reporting to the CFO this role will be responsible for developing and maintaining the company's legal and compliance program to ensure adherence to ISO 27001, SOC2, global regulations around open banking and PSD2. This will involve but not be limited to working with the Leadership team and having accountability for the following:

  • Monitor regulatory changes and evaluate their impact on the company's compliance program.
  • Oversee the creation and maintenance of policies and procedures to meet regulatory requirements and promote ethical conduct.
  • Oversee all legal and regulatory matters, including but not limited to data privacy, anti-money laundering, consumer protection, and corporate governance.
  • Design and conduct regular internal audits to assess compliance with established policies and procedures.
  • Communicate with regulatory agencies and provide reports as required.
  • Partner with key stakeholders such as the legal team, technology team, and business leaders to ensure compliance with relevant laws and regulations.
  • Identify and mitigate compliance risks, and provide guidance and training to employees on compliance-related matters.
  • Assist in the review and negotiation of contracts, agreements, and other legal documents liaising with external legal counsel and regulatory bodies as necessary.

Requirements

You need to have

  • A law degree and substantial relevant legal and compliance experience, preferably in the fintech industry.
  • Diploma in Governance Risk and Compliance from the International Compliance Association (ICA) or equivalent qualifications in the compliance field
  • Extensive experience in compliance and regulatory affairs, with a strong understanding of ISO 27001, SOC2, global regulations around open banking, and PSD2.
  • Proven ability to develop and implement effective compliance programs in a fast-paced environment.
  • Excellent interpersonal, verbal and written communication skills.
  • Strong analytical and problem-solving skills.
  • Ability to work independently and as part of a team.
  • Relevant certifications, such as Certified Information Systems Security Professional (CISSP) or Certified Information Systems Auditor (CISA) preferred.

Benefits

The perks (benefits may vary depending on location)

  • A team of passionate interesting people committed to your success.
  • Challenging problems to solve.
  • We're a growing company your contributions will be valued.
  • £75-80k gross/pension/EMI share scheme.
  • Uncapped bike to work scheme.
  • Monthly recharge time.
  • Clan events and workshops.
  • Generous holiday allowance (we will insist you take it!).
  • Home working contribution to set up (get comfy we want you to stay)  
  • Ask us about Flexible Working

Redefine an industry

We are on a mission to enable our customers across the globe to effortlessly make use of bank data to; better understand their customers, grow their business, revolutionise their offerings and delight with customer service.

At DirectID you will be working for a business that is redefining the industry for lenders and their consumers through our global credit & risk platform. This is an exciting stage in our growth and we’d love you to be part of the story.

Our mission

DirectID powers financial inclusion.

By providing a dynamic, real-time dataset, DirectID helps decision makers manage risk, drive efficiencies, and enable fairer outcomes for all.

With open banking, decision makers can assess risk regardless of age, location and past credit performance.

What we do

DirectID uses open banking data to optimise credit & risk decisioning.

Providing a range of insights from income verification to affordability, DirectID empowers decision makers to make better-informed credit & risk decisions with customer bank data.

The perks

01

Flexibile working

We are proud to be one of Scotland's top 10 most flexible employers. We want you to work in a way that matters to you, so you stay healthy, happy and productive.

Our aim is to have a flexible approach to working that ensures everyone stays connected, is supported by their teams and digital tools, where everyone feels included and where staff wellbeing, work life balance, business needs, organisational culture, quality and impact are a primary focus. We call this our #7FlexibleTruths.

01

Flexibile working

We are proud to be one of Scotland's top 10 most flexible employers. We want you to work in a way that matters to you, so you stay healthy, happy and productive.

Our aim is to have a flexible approach to working that ensures everyone stays connected, is supported by their teams and digital tools, where everyone feels included and where staff wellbeing, work life balance, business needs, organisational culture, quality and impact are a primary focus. We call this our #7FlexibleTruths.

02

Valued contributions

You’ll be joining a talented team working on challenging questions, where your input will be valued and have an impact. We are shifting a paradigm through our thought leadership, technical ability and behaviours. Recognition matters and we are intentional and thoughtful about it.

03

Continuous learning

Continuous Professional Development (CPD) personal budget to grow with us, experientially, educationally and through exposure to opportunities. Our people are some of the best in the business and peer to peer learning is something we value and encourage.

04

Health & wellness

Monthly re-charge time we use one Friday afternoon a month to really unwind, uncapped bike to work, and regular social clan events. We nudge our Clan towards improved wellness with walking challenges and thoughtful facilitated sessions so that there is something for every aspect of your total health. Your wellness matters to us.

05

Holidays matter

We offer a generous holiday allowance of 33 days on top of our flexible hours, and we encourage you to take it. This ramps up with long service extra holidays too!

06

Ownership

We have an EMI share scheme that encourages ownership and a chance to share collectively in our successes. We are all accountable and in this together and that matters to us.

Get started using open banking data

Talk with one of our specialists to find out more about using open banking data.

  • Demo of the guided customer consent journey

  • Walk through of our real-time data & insights

  • Coverage check in your markets