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- Tasks: Lead a remediation program for borrowers facing financial difficulties and ensure compliance.
- Company: Join a dynamic team focused on improving financial outcomes for customers in retail banking.
- Benefits: Competitive salary, potential for contract extension, and the chance to make a real impact.
- Why this job: Be part of a mission-driven team that values compliance and customer support in banking.
- Qualifications: 3-5 years in retail banking with a focus on compliance and arrears management required.
- Other info: Initial 6-month contract with a salary range of £50-60k pro rata.
The predicted salary is between 50000 - 60000 £ per year.
We are seeking an experienced individual to join our team as a Remediation Consultant to help set up and deliver a remediation programme for borrowers in financial difficulty. If you have hands-on experience working on arrears programmes and are familiar with compliance within retail banking, we would love to hear from you!
Key Responsibilities:
- Design and lead a remediation programme for borrowers in arrears or financial difficulty.
- Develop processes and document the approach for handling subprime customers.
- Collaborate with key stakeholders to ensure alignment across teams.
- Provide guidance on compliance within retail banking and ensure that remediation processes meet regulatory standards.
- Manage and track the implementation of arrears management strategies.
- Contribute to continuous improvement of programme processes and compliance standards.
Minimum Requirements:
- 3-5 years retail banking background, particularly in compliance and remediation.
- Proven experience in working on arrears management programmes, with a hands-on approach to process design and documentation.
- Experience working with subprime customers and understanding of the complexities in dealing with financial difficulty.
- Previous experience in a Big 4 consulting firm is a nice to have.
- Strong understanding of compliance and regulatory requirements in retail banking.
- Strong leadership and communication skills.
- Ability to manage complex programmes and drive results in a fast-paced environment.
- In-depth knowledge of retail banking products and services, particularly in relation to remediation and arrears management.
Initial 6 month contract paying £50-60k pro rata.
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Remediation Consultant (Retail Banking) employer: G MASS
Contact Detail:
G MASS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Remediation Consultant (Retail Banking)
✨Tip Number 1
Make sure to highlight your hands-on experience with arrears programmes during any networking opportunities. Connect with professionals in the retail banking sector on platforms like LinkedIn and engage in discussions about compliance and remediation.
✨Tip Number 2
Familiarize yourself with the latest regulatory standards in retail banking. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance, which is crucial for this role.
✨Tip Number 3
Consider reaching out to former colleagues or mentors who have experience in remediation or compliance within retail banking. They can provide valuable insights and may even refer you to open positions.
✨Tip Number 4
Prepare to discuss specific examples of how you've managed complex programmes in the past. Being able to articulate your leadership skills and results-driven approach will set you apart from other candidates.
We think you need these skills to ace Remediation Consultant (Retail Banking)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in retail banking, particularly in compliance and remediation. Emphasize any hands-on work you've done with arrears management programmes and your familiarity with subprime customers.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about helping borrowers in financial difficulty. Discuss your relevant experience and how it aligns with the key responsibilities of the Remediation Consultant role.
Showcase Leadership Skills: Highlight any leadership roles or experiences where you managed teams or projects. This is crucial as the role requires strong leadership and communication skills to drive results.
Demonstrate Compliance Knowledge: Provide specific examples of how you have ensured compliance within retail banking in your previous roles. This will show that you understand the regulatory standards necessary for the position.
How to prepare for a job interview at G MASS
✨Show Your Expertise in Remediation
Be prepared to discuss your hands-on experience with arrears programmes. Highlight specific examples where you successfully designed and implemented remediation strategies for borrowers in financial difficulty.
✨Understand Compliance Inside Out
Since compliance is crucial in retail banking, make sure you can articulate your knowledge of regulatory standards. Prepare to explain how you've ensured that remediation processes meet these requirements in your previous roles.
✨Demonstrate Stakeholder Collaboration
Collaboration is key in this role. Be ready to share instances where you worked with various teams to align on remediation strategies. Emphasize your communication skills and how they helped facilitate successful outcomes.
✨Prepare for Complex Programme Management
This position requires managing complex programmes. Think of examples from your past where you drove results in a fast-paced environment. Discuss your approach to tracking implementation and continuous improvement of processes.
