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- Tasks: Support onboarding and monitor compliance for merchants and intermediaries in finance.
- Company: Join Zopa, a pioneering bank redefining finance with a people-first approach.
- Benefits: Flexible working, hybrid model, and the chance to work abroad for 120 days a year.
- Why this job: Develop expertise in risk and compliance while making a real impact in finance.
- Qualifications: Experience in risk or compliance roles, strong attention to detail, and excellent communication skills.
- Other info: Be part of a top UK workplace that values innovation and collaboration.
The predicted salary is between 30000 - 40000 £ per year.
Zopa is recruiting a 1st Line Compliance Associate to support the safe and compliant distribution of its products through merchants and intermediaries. The role primarily covers Point of Sale (PoS) finance, auto finance, unsecured personal loans, and credit cards. It involves supporting the onboarding of new merchants and auto dealers/brokers, monitoring their activities, and contributing to the ongoing development of distributor risk frameworks. The position offers the opportunity to develop expertise in risk and compliance along with problem-solving and communication skills.
Responsibilities
- Support onboarding and monitoring: Assist with due diligence, onboarding, and ongoing oversight of merchants and intermediaries.
- Stakeholder collaboration: Work with internal teams and external partners to help ensure compliance with Zopa's policies and that risks are managed within agreed appetite.
- Improve risk frameworks: Contribute to initiatives that enhance distributor risk and compliance processes.
- Relationship management: Maintain effective working relationships with key contacts at each intermediary or merchant.
- Maintain robust documentation: Keep organised and auditable records of due diligence, reviews and key decisions.
- Management information: Support the production and analysis of MI on key risk indicators across distribution partners.
Experience & Qualifications
- Respond to information requests: Coordinate responses to due diligence and other information requests from partners, engaging relevant subject matter experts where required.
- Experience working in a risk or compliance role is essential.
- Strong attention to detail, with an ability to understand wider objectives.
- A methodical and pragmatic approach to work.
- Ability to build effective relationships with internal and external stakeholders.
- Comfortable managing multiple tasks and adapting to changing priorities.
- Analytical mindset and clear communication skills, both written and verbal.
- Ability to manage time and workload effectively.
- Interest in partnerships and distribution channels, including PoS merchants.
- Confidence to question and challenge information and decisions where appropriate, internally and externally.
Bonus Criteria
- Experience interpreting and applying FCA guidelines (such as CONC) is beneficial but not essential.
- Prior experience in partnerships or operational oversight is advantageous.
At Zopa we value flexible ways of working. We value face-to-face collaboration and a good work-life balance. This hybrid role requires you to come to our London office 2-3 days a week. You'll also have the option of working from abroad for up to 120 days a year. But no matter where you are, we’ll make sure you’ve got everything you need to thrive, both in your work and home life, from day one. Subject to having the right to work in the country of choice.
Line Compliance Associate in City of Westminster employer: Zopa Bank Limited
Contact Detail:
Zopa Bank Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Line Compliance Associate in City of Westminster
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Zopa. A friendly chat can open doors and give you insider info on what they’re looking for in a Line Compliance Associate.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of risk and compliance. Think about how your past experiences align with the responsibilities listed in the job description. We want to see how you can contribute to improving risk frameworks!
✨Tip Number 3
Show off your communication skills! During interviews, be clear and concise when discussing your experiences. Remember, this role involves stakeholder collaboration, so demonstrating your ability to build relationships is key.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Zopa team.
We think you need these skills to ace Line Compliance Associate in City of Westminster
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Line Compliance Associate role. Highlight your experience in risk and compliance, and show us how your skills align with what we're looking for at Zopa.
Show Off Your Attention to Detail: In compliance roles, attention to detail is key! Use specific examples in your application that demonstrate your methodical approach and ability to manage multiple tasks without missing a beat.
Communicate Clearly: We love clear communication! Whether it’s in your written application or during interviews, make sure you express your thoughts clearly and concisely. This will show us you have the analytical mindset we value.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining the Zopa team!
How to prepare for a job interview at Zopa Bank Limited
✨Know Your Compliance Stuff
Make sure you brush up on your knowledge of compliance and risk management, especially in relation to finance products like PoS and personal loans. Familiarise yourself with any relevant FCA guidelines, even if you don't have direct experience with them. This will show that you're proactive and serious about the role.
✨Show Off Your Relationship Skills
Since this role involves a lot of stakeholder collaboration, think of examples from your past where you've successfully built relationships with internal teams or external partners. Be ready to discuss how you managed those relationships and what strategies you used to ensure effective communication.
✨Be Methodical and Organised
Zopa values a methodical approach, so come prepared to talk about how you manage your workload and keep things organised. You might want to share specific tools or techniques you use for documentation and tracking tasks, as this will demonstrate your attention to detail.
✨Prepare for Problem-Solving Questions
Expect questions that assess your analytical mindset and problem-solving abilities. Think of scenarios where you've had to tackle compliance issues or adapt to changing priorities. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly and effectively.