Compliance Monitoring Officer

About the Company

[Employer hidden — sign up to reveal] Limited is a UK-licensed bank operating across three core business segments: Retail Banking, SME Lending, and Banking Services (BaaS). The bank is a wholly owned subsidiary of [Employer hidden — sign up to reveal], a listed financial services provider headquartered in Estonia. [Employer hidden — sign up to reveal] operates under a full UK banking licence granted in May 2023. The Bank supports over 200 fintech clients with embedded financial infrastructure, provides retail savings products via digital channels, and offers SME credit solutions across the UK.

Key Responsibilities

• Undertake independent 2nd line compliance monitoring activities as part of the risk-based CMP.
• Support the development and continuous enhancement of compliance monitoring methodology, practices and data-led testing techniques.
• Provide independent oversight and challenge of 1st line controls, including those relating to AML, counter-terrorist financing, sanctions and fraud risk.
• Accurately assess and risk-rate issues identified, clearly articulating root cause, impact and regulatory implications.
• Produce clear, concise and evidence-based reporting of findings to the HoCM and relevant business stakeholders.
• Escalate material or significant issues to the HoCM and through appropriate governance forums.
• Support the HoCM in tracking progress of the CMP, monitoring remediation actions to completion.
• Work collaboratively across the Compliance function to ensure alignment between advisory, monitoring and financial crime oversight activities.

Minimum Requirements

• Experience within a banking or financial services environment.
• Experience undertaking compliance monitoring or assurance activity under delegated authority, ideally within a UK-regulated bank.
• Working knowledge of key compliance topics relevant to [Employer hidden — sign up to reveal]’s business model.
• Understanding of Consumer Duty, Treating Customers Fairly and broader conduct risk frameworks.
• Experience in report writing and presenting findings clearly to stakeholders.
• Ability to analyse data and develop MI to support monitoring activities.

Benefits

• Competitive salary & lots of opportunities to learn, grow and progress professionally.
• Open and inclusive culture.
• Hybrid working.
• Vitality Health Plan (includes private health insurance, travel insurance, gym discounts).
• Health cash Plan (Medicash health plan Level 3).
• 6% employer pension contribution.
• Life assurance – 4 x salary.
• Income protection insurance – 75%.
• 28 days holiday plus 3 additional days.