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- Tasks: Provide compliance advice and oversight to ensure regulatory obligations are met.
- Company: Join Starling, a disruptive UK bank transforming how people manage their money.
- Benefits: Enjoy 25 days holiday, private medical insurance, and flexible working options.
- Why this job: Be part of a mission-driven team reshaping banking with a collaborative culture.
- Qualifications: Deep knowledge of compliance laws and excellent communication skills required.
- Other info: Open to diverse backgrounds; don't hesitate to apply even if you don't meet every requirement.
The predicted salary is between 43200 - 72000 £ per year.
Hello, we\’re Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We\’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We\’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.
We\’re looking for a Senior Compliance Office to provide second line of defence (2LoD) regulatory compliance advice and guidance, as well as oversight and challenge to the 1LoD (first line of defence) / business teams, so that they meet their regulatory obligations and effectively manage their regulatory compliance and conduct related risks (including the delivery of good customer outcomes).
Please note; this is a 12-month fixed term contract.
Key Responsibilities
- Provide product specific advice as part of a high performing Conduct & Compliance Advice team on a day-to-day basis, ensuring that timely and accurate regulatory compliance and conduct related advice, guidance and support is provided, as well as independent challenge and oversight, to Starling Bank\’s first line of defence (1LoD) / business teams.
- Compliance advice will cover all current (and future) products, services and activities across the Bank, as well as overarching compliance requirements, such as Consumer Duty, conduct risk, SMCR, outsourcing, product governance, vulnerable customers, complaints, conflicts of interest etc.,).
- Build strong relationships with 1LoD to deliver a collaborative working environment between Compliance and the business.
- Support with the development / implementation of the requisite conduct risk and compliance frameworks and policies in line with the Bank\’s Enterprise-Wide
- Support with the Compliance Team\’s monthly reporting pack(s).
- Ability to approve and sign off financial promotions and marketing across all products and services the Bank offers
- Oversee the submission of SMF applications to the Regulators and ensure the Bank\’s Management Responsibilities Map remains up to date and accurate.
Requirements
- Deep working knowledge of relevant laws, regulations, and industry best practices related to compliance, and financial services, including BCOBs, CONC, LSB, PSD2, SYSC and MCOBs (advantageous) etc
- Excellent communication (written and verbal), relationship building and influencing skills, with the ability to communicate effectively to a variety of audiences, including senior management and committees
- Proven analytical skills and problem solving skills, with the ability to understand and interpret business knowledge.
- Detailed knowledge and experience of identifying key Conduct and Compliance risks.
- Sound judgement and decision making, planning and prioritisation skills, with the ability to see things through to resolution at all times.
- Proactive with regards to ownership and oversight of emerging and existing compliance and conduct issues and risks.
- Have a naturally curious and inquisitive approach to work, proactively questioning the status quo where appropriate.
- Be resilient and not shy away from having difficult conversations
- Willingness to share knowledge with the team and collaborate across all product lines with all members of the team
Benefits
- 25 days holiday (plus take your public holiday allowance whenever works best for you)
- An extra day\’s holiday for your birthday
- Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off
- 16 hours paid volunteering time a year
- Salary sacrifice, company enhanced pension scheme
- Life insurance at 4x your salary
- Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
- Generous family-friendly policies
- Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
- Access to initiatives like Cycle to Work and Salary Sacrificed Gym partnerships
About Us
You may be put off applying for a role because you don\’t tick every box. Forget that! While we can\’t accommodate every flexible working request, we\’re always open to discussion. So, if you\’re excited about working with us, but aren\’t sure if you\’re 100% there yet, get in touch anyway.
We\’re on a mission to radically reshape banking – and that starts with our brilliant team. Whatever came before, we\’re proud to bring together people of all backgrounds and experiences who love working together to solve problems.
Starling Bank is an equal opportunity employer, and we\’re proud of our ongoing efforts to foster diversity & inclusion in the workplace. Individuals seeking employment at Starling Bank are considered without regard to race, religion, national origin, age, sex, gender, gender identity, gender expression, sexual orientation, marital status, medical condition, ancestry, physical or mental disability, military or veteran status, or any other characteristic protected by applicable law.
By submitting your application, you agree that Starling Bank may collect your personal data for recruiting and related purposes. Our Privacy Notice explains what personal information we may process, where we may process your personal information, its purposes for processing your personal information, and the rights you can exercise over our use of your personal information. #J-18808-Ljbffr
Senior Compliance Officer (12-month FTC) employer: Starling Bank
Contact Detail:
Starling Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Compliance Officer (12-month FTC)
✨Tip Number 1
Familiarise yourself with the specific compliance regulations mentioned in the job description, such as BCOBs, CONC, and SMCR. Understanding these will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with current or former employees of Starling Bank on platforms like LinkedIn. Engaging with them can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Prepare to discuss real-life scenarios where you've successfully navigated compliance challenges. Having concrete examples ready will showcase your problem-solving skills and ability to handle difficult conversations, which are crucial for this role.
✨Tip Number 4
Stay updated on the latest trends and changes in financial services compliance. Being knowledgeable about current events in the industry will not only impress your interviewers but also show that you're proactive and engaged in your field.
We think you need these skills to ace Senior Compliance Officer (12-month FTC)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Compliance Officer position. Tailor your application to highlight how your skills and experiences align with the specific needs outlined in the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise your deep working knowledge of compliance laws and regulations relevant to financial services. Provide specific examples of how you've successfully navigated compliance challenges in previous roles.
Showcase Communication Skills: Since excellent communication is key for this role, ensure your application reflects your ability to convey complex information clearly. Use concise language and structure your documents well to demonstrate your written communication skills.
Express Your Curiosity: The job description mentions a 'naturally curious and inquisitive approach.' In your application, share instances where you've proactively questioned processes or sought improvements, showcasing your problem-solving mindset and willingness to challenge the status quo.
How to prepare for a job interview at Starling Bank
✨Know Your Compliance Regulations
Familiarise yourself with the relevant laws and regulations such as BCOBs, CONC, and SMCR. Being able to discuss these in detail will show your deep understanding of compliance and how it applies to the banking sector.
✨Demonstrate Strong Communication Skills
Prepare to showcase your ability to communicate complex compliance issues clearly and effectively. Think of examples where you've successfully influenced stakeholders or built relationships within a team.
✨Showcase Analytical and Problem-Solving Skills
Be ready to discuss specific instances where you've identified compliance risks and how you approached resolving them. Highlight your analytical skills and your proactive nature in addressing potential issues.
✨Emphasise Team Collaboration
Starling values a collaborative environment, so be prepared to talk about how you've worked with different teams in the past. Share examples of how you’ve contributed to a positive team dynamic and supported colleagues in achieving compliance goals.
