Head of Compliance & MLRO

London Bet

London Bet is looking for an experienced Head of Compliance & MLRO to take ownership of our compliance function and play an important role in the next stage of our development.

We are a growing UK sportsbook with ambitions to build something substantial. At a time when much of the industry is consolidating and reducing headcount, we are continuing to invest in our business, our people and our compliance capability.

For the right person, we think this represents an unusual opportunity: the chance to take genuine ownership of compliance within an ambitious operator, with the backing, technology and senior-level access required to do the job properly.

The role

This is not a role within a large compliance department where responsibility is spread across multiple teams.

You will be London Bet's Head of Compliance and MLRO, with responsibility for the overall effectiveness of our regulatory framework and a meaningful voice in how the business operates and develops.

You will work directly with the Directors, PML holders and wider senior leadership team, providing advice, oversight and challenge while remaining close enough to the operation to understand how our controls work in practice.

We are looking for somebody who understands that strong compliance and commercial ambition do not need to work against one another.

You will be expected to set high standards, challenge where necessary and ensure that London Bet meets its regulatory obligations, while developing practical, proportionate and genuinely risk-based processes that work for our business.

We want someone who has done the job

Our preference is for someone with at least two years' experience as a Head of Compliance within a UKGC licensed sportsbook.

First-hand experience of UK Gambling Commission compliance assessments or regulatory reviews from the operator side is particularly important to us.

We want somebody who understands what regulatory scrutiny looks like in practice: how to prepare a business for an assessment, how to demonstrate that policies and procedures are genuinely embedded within an operation, how to evidence the effectiveness of controls and how to engage confidently and constructively with the Commission.

Experience of building, implementing or materially redesigning a compliance framework would be a significant advantage.

In particular, we would be interested in somebody who has previously taken regulatory requirements and risk assessments and translated them into practical policies, procedures, controls, monitoring and governance across an operating sportsbook.

A smaller operator, with serious compliance infrastructure

We recognise that moving to a smaller operator can sometimes mean compromising on the technology and resources available to the compliance function. That isn't the case at London Bet.

We have invested significantly in technology to support our compliance framework, with strong tooling across customer monitoring, AML, safer gambling, KYC and ongoing customer risk management.

We want our Head of Compliance to make full use of that capability, challenge and develop it, and ensure that our technology, processes and people work together as one effective compliance framework.

You won't be joining us to compensate for a lack of infrastructure with manual processes. You will be joining us to make sure the infrastructure we have invested in is being used intelligently and effectively.

What we're looking for

Our ideal candidate will have:

• At least two years' experience as Head of Compliance within a UKGC licensed sportsbook.
• Strong practical experience acting as an MLRO or Deputy MLRO.
• First-hand involvement in UKGC compliance assessments, regulatory reviews or other significant regulatory engagement.
• Strong knowledge of the LCCP and wider UK gambling regulatory framework.
• Extensive practical AML and safer gambling experience.
• A detailed understanding of customer risk assessment, CDD, EDD, source of funds and source of wealth.
• Experience implementing and operating genuinely risk-based compliance frameworks.
• Ideally, experience building, redesigning or materially improving compliance processes and controls.
• Experience working with compliance technology, automated customer monitoring and risk management systems.
• The confidence to advise and challenge senior leadership when necessary.
• The judgement to distinguish between genuine regulatory risk and issues that can be managed proportionately.

We won't automatically rule out an exceptional candidate who has not yet held the Head of Compliance title for two years, but they would need to demonstrate compelling equivalent experience and a clear readiness to take full ownership of the function.

Why London Bet?

London Bet is still at a stage where the person joining us can make a visible difference.

There is plenty to build, plenty to improve and considerable scope for both the role and the compliance function to develop as the business grows.

We aren't looking for somebody to simply administer a compliance framework that somebody else has already built.

We are looking for someone who wants to own it.

We offer a competitive salary, along with 25 days of annual leave plus public holidays, with annual leave increasing with length of service.

If you're looking for a compliance role where you can make a genuine impact, send your CV and a brief cover letter to: [email protected]