Compliance Officer (Israel, fully remote)

About this role

A reputable and well-established international group, comprising among others a UK FCA-authorised Electronic Money Institution (EMI), is expanding its footprint in Israel. The UK EMI has applied for a license to become a Payments Company in Israel (as a foreign entity), and its application is currently under review by the Israeli Securities Authority (ISA).


As part of this next phase of development, the UK EMI is seeking to appoint an experienced Compliance Officer in Israel. The Compliance Officer will report functionally to the board-designated compliance oversight function, but will also have direct access to senior management for escalation of regulatory or compliance matters. The role is performed independently of commercial and revenue-generating functions.


Role Overview:
We are seeking a seasoned Compliance Officer to be responsible for overseeing and coordinating the company’s compliance with Israeli payment services regulation, including the Regulation of Payment Services and Payment Initiation Law, 5783-2023, related regulations, and applicable ISA directives and guidance, in respect of the company’s activities vis-à-vis Israeli customers.


The role is intended to ensure full regulatory compliance from the commencement of licensed activity in Israel, notwithstanding that senior management and core operational functions are located outside Israel.


The role covers responsibility for financial crime prevention in Israel (including anti-money laundering, counter-terrorist financing, sanctions compliance and fraud prevention), while also contributing to the wider group compliance framework.


The successful candidate will be instrumental in establishing and embedding a robust financial crime and regulatory compliance framework in Israel. This includes ensuring that the company operates in full alignment with applicable regulatory requirements, both during the licensing stage and once fully operational.


**Key Responsibilities...