At a Glance
- Tasks: Advise on compliance matters for mortgage products and ensure regulatory obligations are met.
- Company: Join Monzo, a forward-thinking fintech company with a mission to make money work for everyone.
- Benefits: Competitive salary, performance incentives, and comprehensive benefits package.
- Other info: Dynamic remote work environment with opportunities for professional growth.
- Why this job: Make a real impact in compliance while working with innovative product teams.
- Qualifications: Deep knowledge of FCA rules and experience in mortgage compliance advisory.
London, Cardiff or Remote | £86,000 - £100,000 + Incentive Awards tied to your performance + Benefits
We’re looking for a Senior Compliance Advisory Manager to join our second line of defence (2LoD) Compliance Team as part of our Risk and Compliance Collective. We’re looking for a pragmatic, collaborative and experienced senior compliance manager with deep knowledge of FCA rules and associated regulations, who is passionate about Monzo's mission to make money work for everyone.
This role will have day-to-day responsibility for advising on compliance matters associated with Monzo’s Borrowing Collective covering primarily Homeownership (mortgage credit broking) as well as supporting on our unsecured products (loans, overdrafts, Flex) reporting directly to Monzo’s Head of Compliance Advisory.
This role will partner directly with our Product teams to ensure we fulfil our Consumer Duty requirements, launch products safely and meet our regulatory compliance obligations. Working proactively and closely with the Product teams in Borrowing to provide clear and accurate technical compliance advice across a number of areas (FCA Handbook primarily, though not exclusively, MCOBS, CONC, PRIN).
- Providing compliance advice and guidance on financial promotions, supporting both the Marketing and Financial Promotion teams.
- Building and maintaining proactive, effective and constructive relationships with fellow Compliance team members, supporting the Compliance Leadership and regularly liaising with first line Risk, Legal and Audit.
- Supporting the vision, strategy and direction of Conduct and Compliance Advisory, consistent with the CRO’s broader strategy for the Risk, Compliance and Financial Crime Collective.
- Promoting the culture and practice of compliance within Monzo through training, coaching and constructively challenging first line colleagues.
- Challenging our policies and procedures to make sure that we’re providing great customer outcomes and meeting regulatory requirements.
- Collaborate with the wider Compliance team in creating and updating compliance policies and procedures to reflect current regulatory requirements.
- 2LoD support and oversight on Regulatory Breach and Incident Management.
- Exploring new ways to streamline, automate and enhance Monzo’s approach to compliance and conduct risk management.
- Delivering continuous improvement to the function and helping to create a Compliance ‘centre of excellence’.
You have in-depth knowledge of Mortgage Conduct of Business (MCOB) rules and solid experience advising on regulatory requirements for mortgages broking including mortgage and protection advice. You have gained hands-on regulatory experience and practical understanding of relevant regulation having ideally spent time in house.
