Description
About Us
At Xe, we live currencies. We share the belief that behind every currency exchange, query or transaction is a person or business trying to accomplish something important, so we work together to develop new and better currency services that put our customers first.
Xe was one of the first businesses built on the internet, having begun its life in Canada in 1993 as Xenon Laboratories. Our Universal Currency converter was launched in 1995 and it has grown into one of the most popular currency sites in the world, with over 280 million users worldwide. In 2015, Xe was purchased by Euronet Worldwide, Inc. (Nasdaq: EEFT), and joined forces with Euronet’s HiFX brand, a leading international money transfer business, to offer Xe’s users access to reliable money transfer services as well as currency information under the Xe brand. Today, our platform is used by thousands of businesses from small-to-medium-sized enterprises, to Fortune 500 companies.
We continue to have ambitious growth plans as we work towards becoming the world’s most used, most loved and most trusted currency exchange service, helping more than a billion people around the world.Our main goal is to expand our full product offering and become one of the key player withing the Fintech industry. Currency and International payments.
We’re proud of what we do and how we do it, but most importantly why we’re here. We empower people to know more and do better...because behind every currency exchange query or transaction is a person trying to accomplish something important.
Job Overview
The HOC is a Controlled Function under De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM), and is put forward as dagelijks beleidsbepaler (day-to-day policymaker) for Compliance and as MLRO for the EU regulated entity in the Netherlands.
Reporting into the Compliance Director EMEA, the Head of Compliance (“HOC”) is responsible for Xe’s European financial crime management, governance and compliance function, driving and embedding quality practice to ensure systems and procedural excellence and effective regulatory planning across the EU regulatory perimeter.
In collaboration with other HOCs you will drive the change and execution of the key strategic projects needed to create and control all type of “account-based products” across the EU.
We are seeking a highly analytical, forward-thinking professional with strong industry knowledge in Payment Institutions and Electronic Money Institutions (EMIs), digital payments, and financial product ecosystems under PSD2 (and the move toward PSD3/PSR), the Wet op het financieel toezicht (Wft) and the Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft). The ideal candidate balances risk, licensing and regulatory priorities, demonstrates sound judgment and cross-functional decision-making, and brings a proactive, innovation-driven mindset in a fast-evolving fintech environment.
World is changing and compliance must change with it to make a real impact. A product and systems driven mentality will drive Xe’s EU entity toward automation – keeping client money safe where it matters most.
One of the key priorities for this role will be to build a strong relationship with DNB and AFM, and keep an open line of communication with the regulators and industry counterparties (Holland FinTech, MoneyMoves NL, the EMA) to identify industry best practices.
What you’ll do
Regulatory Compliance & Licensing:
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Maintain the entity’s Dutch licence in good standing with DNB, and execute the compliance roadmap that underpins Xe’s planned expansion of products, services and corridors across the EU.
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Drive the entity through the next chapter of its licensing journey – adding additional services - and keep us ahead of regulatory change as it happens.
Risk & Governance:
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Own the financial crime and regulatory risk framework end-to-end: appetite, controls, escalations, exceptions and continuous assurance.
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Provide supervisory oversight of first-line teams and act as the senior decision-maker on high-risk customer, product and partnership calls.
External Relationships & Board Engagement:
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Be the face of compliance to DNB, FIU and Dutch law enforcement – trusted, accurate and timely in every interaction.
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Build and maintain trusted compliance relationships with the entity’s key financial partners – banks, safeguarding providers, card issuers and card processors – from selection through ongoing partnership management.
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Carry the entity’s compliance voice into the Board and the Risk & Compliance Committee.
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Represent Xe in industry forums and working groups building the entity’s profile and contributing to industry best practice.
Business & Product Partnership:
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Partner with the Business, Product and Engineering teams as a trusted, commercially-aware advisor – bringing new account-based products to market safely and at pace.
Team & Culture:
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Work alongside the EU compliance team and embed a culture of compliance across the entity through example, partnership and practical knowledge-sharing.
Who you are?
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8 years’ experience in regulatory and financial crime compliance, ideally in FX / payments, EMI / PI or a comparably regulated environment – and ideally inside a competitive fintech.
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At least 2 years in a senior Compliance role, with the experience (or readiness) to be put forward as dagelijks beleidsbepaler / MLRO with DNB.
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In-depth working knowledge of Wft and DNB supervisory expectations, PSD2 (and the trajectory toward PSD3 / PSR), Wwft, Sanctiewet 1977, EMD2, EBA Guidelines and DORA, (familiarity) and AMLR / AMLD6.
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High agency – a bias for action: you proactively identify what needs to happen, take ownership end-to-end and shape outcomes rather than waiting for direction.
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Strong analytical and problem-solving skills, with attention to detail in reviewing complex transactions and identifying red flags.
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Excellent communication and interpersonal skills (English required; working Dutch strongly preferred) to liaise effectively with technical teams, non-technical stakeholders and regulatory bodies.
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Strong people management with a demonstrable impact on team development; a client and product mindset to build tailored controls.
Minimum requirements
EMI / PI Knowledge & Expertise
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Strong understanding of Payment Institution and Electronic Money Institution frameworks under PSD2 and EMD2, including regulatory requirements, governance and operational models.
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Understanding of EMI outsourcing models, including third-party dependencies, risk management and oversight requirements under EBA Guidelines and DORA.
Product Knowledge – Electronic Money & Payments
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Demonstrate in-depth knowledge of electronic money products, including:
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Payment cards (debit, prepaid, virtual)
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Virtual IBANs (vIBANs) and account structures (SEPA Inst, SCT, SDD)
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Associated product integrations (card processors, banking partners, payment rails, wallets)
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AI-driven and data-centric approach to problem-solving and decision-making.
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Openness to leveraging analytics, machine learning and digital solutions to enhance compliance and risk processes.
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Experience assessing and overseeing critical outsourcing arrangements, including: card processors and BIN sponsors; banking partners and safeguarding accounts; core banking / ledger providers; fraud and transaction monitoring vendors.
