At a Glance
- Tasks: Lead compliance risk management and regulatory change initiatives to ensure business adherence.
- Company: Loans 2 Go Limited, a leader in affordable personal loans with a focus on customer care.
- Benefits: Up to £55,000 salary, hybrid working, performance bonuses, and extensive holiday options.
- Other info: Commitment to professional development and a positive workplace culture.
- Why this job: Join a dynamic team making a real difference in the financial sector while growing your career.
- Qualifications: Experience in compliance or risk management and strong knowledge of FCA regulations required.
The predicted salary is between 55000 - 55000 £ per year.
Company Overview: Loans 2 Go Limited (L2G) is an industry leader in providing alternative, affordable personal loans; we aim to give lines of credit to those who mainstream lenders have neglected. We are growing and adapting fast; with over 20 years of operation nationwide, we have helped hundreds of thousands of customers and the business has transformed from a traditional high-street lender to a multi-channel, online loan provider. We are regulated by the Financial Conduct Authority and fully compliant with our obligations under Consumer Duty. We understand the importance of providing fair and transparent products and services as the key to unlocking a prosperous future for the business. We will continue to adapt, improve, and implement changes where required to improve our people, the business, and the overall quality of our customer experience.
Role: Reporting to the Head of Compliance, the Compliance Risk & Governance Manager is the subject matter expert for compliance risk, regulatory governance and regulatory change. The role is responsible for maintaining and enhancing the Compliance Risk Management Framework, leading regulatory change initiatives, overseeing governance activities including SMCR, and providing expert guidance to the business to ensure ongoing compliance with FCA requirements and the effective management of regulatory risk.
Key responsibilities:
- Compliance Risk Management
- Maintain and enhance the Compliance Risk Management Framework.
- Facilitate risk identification, assessment and mitigation activities across the business.
- Support business owners in maintaining effective controls.
- Review and challenge risk assessments and control frameworks.
- Monitor risk appetite and tolerance levels.
- Regulatory Change
- Lead horizon scanning activities across FCA, PRA (where relevant), ICO and wider regulatory developments.
- Assess regulatory developments and determine business impact.
- Coordinate implementation of regulatory change programmes.
- Produce impact assessments and implementation recommendations.
- Track regulatory change actions through to completion.
- Incident, Breach & Issue Management
- Manage the regulatory breach and incident framework.
- Investigate compliance incidents and conduct root cause analysis.
- Maintain breach, incident and issue registers.
- Track remediation activity and validate effectiveness.
- Support regulatory notification assessments.
- Governance & SMCR
- Maintain SMCR documentation including: Statements of Responsibilities, Fitness & Propriety Assessments, Certification Regime records.
- Coordinate annual certification activities.
- Maintain Conflicts of Interest Registers.
- Regulatory Engagement
- Support regulatory correspondence and information requests.
- Prepare materials for FCA engagement.
- Assist with regulatory reporting requirements.
- Monitor regulatory developments affecting the business.
- Risk Reporting
- Produce regular compliance risk reports.
- Develop meaningful compliance risk MI and KRIs.
- Report on emerging risks and thematic trends.
- Business Partnering
- Work collaboratively with Risk, Legal, Operations and Leadership teams.
- Provide expert guidance on regulatory requirements.
- Support projects and business change initiatives.
- Promote a positive risk and compliance culture across the organisation.
Skills & Experience
- Essential
- Experience within Compliance, Risk or Regulatory Affairs.
- Strong knowledge of FCA regulatory requirements.
- Experience managing risk registers and control frameworks.
- Excellent analytical and problem-solving abilities.
- Strong written and verbal communication skills.
- Ability to influence senior stakeholders.
- Desirable
- Consumer credit experience.
- Experience of SMCR administration.
- Experience managing regulatory change programmes.
- Knowledge of Consumer Duty.
- Professional compliance qualification (ICA, CISI or equivalent).
Salary: Up-to £55,000 per annum, dependant on skills and experience
Bonus: £400 per month, upon qualification of 6-month probation
Some benefits we offer:
- Hybrid Working Scheme
- Performance Dependent Bonus
- Dental Insurance
- Up to 33 days holiday inclusive of UK Bank Holidays
- Accrued Holiday Sellback and Carryover Scheme
- Milestone Service Reward Programme
- Life Insurance Cover
- Incapacity Insurance Cover
- Employee Assistance Programme
- Refer-a-friend Scheme
- Commitment to your Professional Learning and Development
Risk Compliance Manager in Putney employer: Loans 2 Go Limited
Loans 2 Go Limited (L2G) is an exceptional employer that prioritises employee growth and well-being, offering a hybrid working scheme and a comprehensive benefits package including up to 33 days of holiday and performance-dependent bonuses. Our dynamic work culture fosters collaboration and innovation, ensuring that every team member has the opportunity to contribute meaningfully while developing their skills in a supportive environment. Join us in making a difference for customers who need it most, all while enjoying a rewarding career in a rapidly evolving industry.
