VP Compliance & MLRO EEA

Date: 09-Jun-2022

Location: Dublin, Ireland, IE, Dublin 4

Company: Paysafe

Job Description:  

Reporting to the board of Paysafe Payment Solutions Limited and the CEO & Director, the role holder is responsible for:


  • Leading the Paysafe Payments Solutions Limited and Paysafe Prepaid Services Limited’s Compliance function;
  • Managing a team of Compliance officers in the performance of Compliance Assurance (Monitoring and Oversight), Transaction Monitoring and Merchant Reviews;
  • Collaborating with Group Compliance functions, ensuring key Compliance risks and regulatory reporting obligations for the above entities are performed to the required standard;
  • Coordinating and organising scheduled regulatory reporting for CBI and FCA.
  • Acting as central point of contact for Central Bank of Ireland (ad hoc and scheduled);
  • Collaborating with the Senior Management Team in the delivery of key strategic business objectives in a compliance with regulatory requirements;  
  • Leading by example - in the promotion of a strong compliance culture throughout the organisation;
  • As Money Laundering Reporting Officer (MLRO) the role holder is responsible for ensuring that suspicion transactions, indicating money laundering or terrorist financing activities are reported to An Garda Siochana and Revenue Commissioners in a timely and accurate fashion;
  • Leading interactions with outside agencies:
  • Key point of contact and accountable officer to CBI, An Gardai, Financial intelligence Units and Irish Ombudsman (FSPO).



Key Responsibilities

This role is responsible for:

  • Ensuring an adequate and appropriate compliance framework is in place for the Paysafe Payments Solutions Limited and Paysafe Prepaid Services Limited, including the provision of Virtual Asset Service Provider services and Paysafe Prepaid Services Limited businesses.


  • In collaboration with Senior Management Team (SMT) and Board of Directors, ensuring these businesses are compliant with Irish regulatory obligation, in particular with regard to the prevention of money laundering, terrorist financing and sanctions requirements.


  • As EEA MLRO, the role holder is responsible for performing MLRO duties as described above, including working with Group Compliance SMT and the wider Compliance team to understand activity patterns and developing usage trends, for the above entities and reporting such items to SMT and Board of Directors.


  • As Head of Compliance for these entities, the Role holder is responsible for reviewing and taking action (key decision maker) upon key compliance metrics, such as Suspicious Activity Reports (SARs) as well as other key Compliance metrics such as backlogs and barriers as they arise.


  • Ensuring Compliance outsourced activities in respect of i) Compliance; ii) Policy and Assurance; iii) training services; iv) services as set out in the PPSL1 & PPSL2  Master Intercompany Services Agreements (MISA) are reported and where appropriate, escalated.


  • Ensure any new business proposals, projects, products, or other expansion driven by Paysafe Group is fully understood and aligned with the PPSL1 and PPSL2 Senior Management Teams and that adequate monitoring, oversight and controls are in place for these entities.



The role holder is Accountable for the performance and results of the team in particular:

  • CBI reporting (and supported by the EEA Finance Directors) and scheduled reporting to FCA;
  • Ensuring regional controls identify patterns in potentially suspicious activity or changes in usage trends and that these patterns and trends are then reported and suitable mitigation measures are determined and implemented;
  • Ensuring the business is compliant with card scheme rules including reviewing, assessing and making consequential business/operational recommendations in respect of all card scheme and industry bulletins and publications in a timely manner;
  • Providing consultative and specialist support (trusted advisor), addressing any compliance or industry related issues or concerns;
  • Working with other divisions to ensure the Group makes informed decisions and is aware of potential opportunities; and
  • Reviewing the suitability of proposed Group initiatives from a regulatory perspective in respect of the EEA 30 region as well as proposed product or services developments;
  • Overseeing of the outsourced Operational Compliance functions (customer due diligence, account freezes and closures, account surveillance and investigations, PEP and Sanctions screening and SAR reporting);
  • Ensuring applicable policies are implemented and being followed by Paysafe Payments Solutions Limited and Paysafe Prepaid Services Limited;
  • Reviewing Group policies and procedures relevant to the Irish entities businesses, and operating the appropriate internal controls described in  Paysafe Payments Solutions Limited  and  Paysafe Prepaid Services Limited ’s policies and procedures;
  • Preparing periodic reports to both the board of Paysafe Payments Solutions Limited and  Paysafe Prepaid Services Limited; and
  • Delivering compliance risk reporting for the business through the Group Enterprise Risk Management Framework and Risk & Compliance Committee.
  • Creating and implementing the Annual Compliance Plan.
  • Providing Leadership to the Dublin Compliance Team and also providing leadership to the broader Compliance community and Paysafe Group.
  • Review and decide on MLRO escalations regarding potential PEP or Sanctions matches