At a Glance
- Tasks: Lead compliance risk management and regulatory change initiatives to ensure business adherence.
- Company: A forward-thinking online loan provider dedicated to fair lending practices.
- Benefits: Hybrid working, performance bonuses, extensive holiday, and professional development opportunities.
- Other info: Join a dynamic team committed to fostering a positive risk culture.
- Why this job: Make a real difference in compliance while shaping the future of financial services.
- Qualifications: Experience in compliance, strong FCA knowledge, and a relevant professional qualification.
The predicted salary is between 55000 - 65000 £ per year.
We aim to give lines of credit to those who mainstream lenders have neglected. 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.
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.
- 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.
- Manage the regulatory breach and incident framework.
- Investigate compliance incidents and conduct root cause analysis.
- Support regulatory notification assessments.
- Regulatory Engagement
- Support regulatory correspondence and information requests.
- 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.
Experience within Compliance, Risk or Regulatory Affairs.
Strong knowledge of FCA regulatory requirements.
Experience managing risk registers and control frameworks.
Consumer credit experience.
Experience managing regulatory change programmes.
Professional compliance qualification (ICA, CISI or equivalent).
Bonus: £400 per month, upon qualification of 6-month probation.
Hybrid Working Scheme.
Performance Dependent Bonus.
Dental Insurance.
Up to 33 days holiday inclusive of UK Bank Holidays.
Accrued Holiday Sellback and Carryover Scheme.
Life Insurance Cover.
Employee Assistance Programme.
Refer-a-friend Scheme.
Commitment to your Professional Learning and Development.
Risk & Compliance Monitoring Manager in Putney employer: Loans 2 Go Limited
As a leading provider of credit solutions, we pride ourselves on being an excellent employer that values transparency and fairness. Our hybrid working scheme, generous holiday allowance, and commitment to professional development create a supportive work culture where employees can thrive. With a focus on compliance and risk management, this role offers unique opportunities for growth and the chance to make a meaningful impact in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Risk & Compliance Monitoring Manager in Putney
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Loans 2 Go Limited looking for candidates who are engaged and informed.
We think you need these skills to ace Risk & Compliance Monitoring Manager in Putney
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Loans 2 Go Limited. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Loans 2 Go Limited
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Loans 2 Go Limited’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
