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- Tasks: Lead a remediation programme for borrowers facing financial difficulties and ensure compliance.
- Company: Join a dynamic team focused on improving financial outcomes for customers in retail banking.
- Benefits: Enjoy a competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Make a real impact by helping individuals navigate financial challenges while enhancing your skills.
- Qualifications: 3-5 years in retail banking with a focus on compliance and arrears management required.
- Other info: This is an initial 6-month contract with a salary 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.
Remediation Consultant (Retail Banking) employer: Griffin Fire
Contact Detail:
Griffin Fire Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Remediation Consultant (Retail Banking)
✨Tip Number 1
Network with professionals in the retail banking sector, especially those who have experience in remediation and compliance. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in arrears management.
✨Tip Number 2
Familiarise yourself with the regulatory standards and compliance requirements specific to retail banking. This knowledge will not only help you in interviews but also demonstrate your commitment to ensuring that remediation processes meet necessary guidelines.
✨Tip Number 3
Prepare to discuss your hands-on experience with arrears programmes in detail. Be ready to share specific examples of how you've designed processes or managed complex situations involving subprime customers, as this will showcase your expertise.
✨Tip Number 4
Research StudySmarter's values and mission to align your approach during the interview. Understanding our culture and how we operate can give you an edge in demonstrating why you're a great fit for the Remediation Consultant role.
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. Use specific examples from your past roles that demonstrate your hands-on approach to arrears management programmes.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and explain how your background aligns with the key responsibilities outlined in the job description. Mention any relevant experience with subprime customers and compliance standards.
Showcase Leadership Skills: Emphasise your leadership and communication skills in both your CV and cover letter. Provide examples of how you've successfully managed complex programmes and collaborated with stakeholders in previous roles.
Highlight Continuous Improvement: Discuss any initiatives you've led or contributed to that focused on improving processes or compliance standards in your previous positions. This will demonstrate your commitment to continuous improvement, which is crucial for this role.
How to prepare for a job interview at Griffin Fire
✨Showcase Your Experience
Be prepared to discuss your hands-on experience with arrears programmes in detail. Highlight specific examples where you've successfully designed or led remediation processes, as this will demonstrate your capability to handle the responsibilities of the role.
✨Understand Compliance Inside Out
Since compliance is a key aspect of the role, brush up on the latest regulatory standards in retail banking. Be ready to explain how you have ensured compliance in past projects and how you would approach it in this new position.
✨Demonstrate Stakeholder Collaboration
Collaboration is crucial for this role. Prepare to share examples of how you've worked with various stakeholders in previous roles. Discuss how you ensured alignment across teams and managed differing priorities to achieve common goals.
✨Emphasise Continuous Improvement
Talk about your commitment to continuous improvement in processes. Share instances where you've identified inefficiencies and implemented changes that enhanced compliance or improved outcomes for borrowers in financial difficulty.
