At a Glance
- Tasks: Collaborate to enhance customer journeys for current accounts and overdrafts.
- Company: Map Room supports clients in the retail banking sector, focusing on product risk and governance.
- Benefits: Enjoy a hybrid work model with flexible hours and opportunities for professional growth.
- Other info: This is a short-term contract role, perfect for those looking to gain valuable experience.
- Why this job: Join a dynamic team to make a real impact in banking compliance and customer experience.
- Qualifications: Experience in UK retail banking and knowledge of regulatory requirements are essential.
The predicted salary is between 48000 - 84000 € per year.
Interim Product Risk & Compliance Consultant
Interim Product Risk & Compliance Consultant
Direct message the job poster from Map Room
Interim Product Risk & Compliance Consultant – Current Accounts & Overdrafts
Location: London / Hybrid
Contract: Short-term (3–6 months)
Business Area: First Line of Defence – Product Risk & Governance
Start Date: ASAP
About the Role - Map Room is supporting a customer to identify experienced Product Risk consultants within a Retail Banking setting. We are specifically looking for knowledge across current account and overdraft products.
Key Responsibilities
- Partner with existing teams to review and improve customer journeys, with a focus on current accounts and overdrafts.
- Assess and help resolve issues from regulatory risks to product features and design.
- Recommend and implement remedial actions, working cross-functionally with Product, Risk, Legal, Compliance, and Operations teams.
- Ensure appropriate documentation, controls, and reporting are in place and aligned to regulatory expectations (e.g., Consumer Duty, BCOBS, affordability rules).
- Produce high-quality materials suitable for senior management, governance forums, and audit/review.
- Help embed an enhanced first-line risk culture within the product organisation.
About You
- Strong understanding of UK retail banking products —especially current accounts, overdrafts, and deposits.
- Proven experience working in a first-line risk, product governance, or regulatory change role in a banking environment.
- Knowledge of UK regulatory requirements, including FCA, PRA , and Consumer Duty principles.
- Experience improving customer journeys in line with compliance and conduct risk expectations .
- Excellent documentation, communication, and stakeholder management skills.
- Able to work at pace in a growing, innovative financial institution.
Seniority level
Seniority level
Associate
Employment type
Employment type
Contract
Job function
Job function
Finance, Consulting, and Product ManagementIndustries
Business Consulting and Services and Banking
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#J-18808-LjbffrInterim Product Risk & Compliance Consultant in London employer: Map Room
Map Room is an exceptional employer, offering a dynamic work environment in the heart of London with a hybrid working model that promotes flexibility and work-life balance. Employees benefit from a culture of collaboration and innovation, with ample opportunities for professional growth and development in the fast-paced retail banking sector. Joining Map Room means being part of a team that values compliance and customer-centric solutions, making a meaningful impact in the financial industry.
StudySmarter Expert Advice🤫
We think this is how you could land Interim Product Risk & Compliance Consultant in London
✨Tip Number 1
Familiarise yourself with the latest UK regulatory requirements, especially those related to current accounts and overdrafts. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance and risk management.
✨Tip Number 2
Network with professionals in the retail banking sector, particularly those involved in product risk and governance. Engaging with industry peers can provide valuable insights and potentially lead to referrals for the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've improved customer journeys in previous roles. Highlighting your hands-on experience with compliance and conduct risk will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to work cross-functionally by preparing examples of past collaborations with teams like Product, Legal, and Compliance. This will illustrate your versatility and readiness to tackle the challenges of the role.
We think you need these skills to ace Interim Product Risk & Compliance Consultant in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in retail banking, particularly with current accounts and overdrafts. Use specific examples that demonstrate your understanding of product risk and compliance.
Craft a Compelling Cover Letter:Write a cover letter that addresses the key responsibilities mentioned in the job description. Explain how your background aligns with their needs, especially your experience in improving customer journeys and regulatory compliance.
Showcase Relevant Skills:Emphasise your skills in documentation, communication, and stakeholder management. Provide examples of how you've successfully worked cross-functionally in previous roles to resolve regulatory issues.
Highlight Regulatory Knowledge:Clearly outline your knowledge of UK regulatory requirements, including FCA and PRA principles. Mention any specific experiences where you have applied this knowledge in a banking environment.
How to prepare for a job interview at Map Room
✨Know Your Products
Make sure you have a solid understanding of current accounts and overdrafts. Be prepared to discuss specific features, regulatory requirements, and how they impact customer journeys.
✨Demonstrate Regulatory Knowledge
Familiarise yourself with UK regulatory frameworks such as FCA and PRA guidelines. Be ready to explain how these regulations influence product design and risk management in retail banking.
✨Showcase Stakeholder Management Skills
Prepare examples of how you've successfully collaborated with cross-functional teams. Highlight your communication skills and ability to manage relationships with various stakeholders.
✨Prepare High-Quality Documentation Samples
Bring examples of documentation you've created that align with regulatory expectations. This could include reports, risk assessments, or governance materials that demonstrate your attention to detail and compliance focus.
