Gibraltar based fintech company Elgar Payments is looking for a Head of Compliance and MLRO to support its regulatory application and ensure compliance as the firm expands.
The Company
Elgar Payments was established in 2024 and forms part of a well-established fintech group (CCS Group) which has been operating since 2007. The group provides card payment processing services, predominantly to the taxi sector in the UK. Within the group there are already two UK regulated entities; the firm has a long history of regulatory compliance and has appropriate policies, systems and controls in place.
The firm has been pursuing regulatory approval (PSP / API licence) in Gibraltar for approximately 18 months and is now at the final stage of its application. The firm is committed to operating in low-risk sectors and is not involved in high-risk activities such as crypto or gaming.
We’re a well-established and fast-growing FinTech group, with teams in Gibraltar, the UK and the Isle of Man. Our technology powers card payment acceptance for thousands of business customers across the UK, handling millions of payment transactions.
We’re a small firm with big ambitions, and you’ll play an important role in ensuring the continuing success of the business.
Your Role
As Head of Compliance & MLRO, you will have a senior role, helping the firm to develop and embed a robust compliance and AML infrastructure. Your expertise will ensure regulatory adherence while supporting the company’s ambitious growth in the payments sector. You will report directly to the CEO and, as appropriate, to The Board.
You will ensure that the firm’s business and services are fully compliant with all legislation as set out under the Gibraltar regulations and aligned to the applicable guidance. You will be responsible for proactively driving regulatory excellence and ensuring delivery of continuous compliance.
Key Responsibilities
Act as a Regulated Individual with the GFSC in Gibraltar
Lead the ongoing improvement and maintenance of robust compliance policies, procedures, controls, and frameworks.
Monitor and manage the firm’s AML and CTF controls aligned with evolving statutory and regulatory requirements.
Collaborate cross-functionally to implement an effective compliance management program adhering to global standards and industry best practices.
Monitor ongoing compliance with Gibraltar’s financial regulations, focusing on AML and payments sector obligations.
Serve as the primary compliance advisor for our Gibraltar-based team.
Oversee compliance reviews, investigations, and regulatory reporting.
Participate in relevant internal and external meetings regarding compliance matters.
Implementation of Consumer Duty throughout the firm, including preparation of annual Board Report
Requirements
Essential
Experience in regulatory compliance and AML within financial services, payments or fintech sectors.
Proven track record in a compliance role (e.g. Head of Compliance, MLRO / Deputy MLRO, Compliance Officer).
In-depth knowledge of the Gibraltar legislative framework and GFSC compliance frameworks.
Located in Gibraltar (or Campo de Gibraltar).
Excellent English oral and written communication skills.
Self-motivated, high level of integrity, and comfortable challenging others constructively.
Experience working independently and collaboratively within a distributed team.
Desirable but not essential
Head of Compliance or MLRO overseeing effective AML programs in line with GFSC standards.
Previous experience as a GFSC Regulated Individual.
Understanding of risk management within financial services firms.
Experience implementing security frameworks such as PCI DSS, ISO 27001.
Relevant compliance qualifications e.g. ICA Certificate/Diploma (or equivalent)
Benefits
Flexible working hours taking a phased approach from initially reduced hours to full-time, aligned with regulatory approval progress.
Competitive salary, negotiable depending on experience.
Opportunity to play a pivotal role in shaping compliance for an innovative fintech platform.
Gibraltar-based role with potential to influence a fast-growing, UK-focused business.
Modern computer equipment and peripherals
Generous holiday allowance (25 days plus bank holidays)
Location and Remote Work
Our office is at the World Trade Centre Gibraltar. As this position will require you to be a Regulated Individual, it is important that you should be resident in Gibraltar or the Campo de Gibraltar, and you will be expected to conduct your roles on a day-to-day basis within Gibraltar.
Relocation
If you're interested in relocating to Gibraltar from abroad, we can provide relocation support. Please note the importance of a pre-existing in-depth understanding of the Gibraltar legislative and regulatory framework.
Tools & Software
We understand that the tools we use as a team can make the difference between a pleasant working experience and a daunting one. We’re committed to using the best software available, and our in-house engineering team works hard to incorporate world-class tools into our central Merchant and Transaction Management System (MTMS), as well as our bespoke onboarding platform. On a day-to-day basis, you’ll be using software like these (we don’t expect you to have prior experience with these tools):
Slack
Missive
Process Street
Sanctions.io
Yoti
Google Workspace (Docs, Sheets, Drive)
Aircall
ChromeOS
Equality and Inclusion
In building our team, we strive to be a diverse and inclusive place to work. We are committed to equal opportunity and we encourage applications from under-represented groups.
Questions
If you would like to have a friendly chat to find out more about our company and the role before applying, please email chris@ccs.im or call +442039555400 and ask for Chris or Malcolm.