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Compliance Officer – consumer credit

  • Location: London, United Kingdom
  • Salary: £60,000 - £70,000 per year
  • Job Type:Permanent

Posted 14 days ago

  • Sector: Compliance
  • Contact: Kirstie Burn
  • Contact Email:
  • Expiry Date: 03 October 2021
  • Job Ref: KBU/17963

Job Description: We are looking for an experienced compliance hire to join this exciting and fast growing Vehicle Financing business in London focused on Electric Vehicles.  This individual will be focused on implementing the compliance plan.

Key responsibilities include:

·         Implementing the compliance plan into the business to ensure there are robust controls and a strong framework for this fast growing dynamic business

·         Ensuring compliance is embedded within the business

  • Horizon scanning - keeping up to date with all relevant laws, regulations, and best practice

  • Implementing a regime of three lines of defence and structure

  • Formulating processes to ensure all is being delivered well within Regulatory controls

  • Creating a reporting structure for the SMT and board that summarises the key risk factors for the business, particularly in regard to regulatory compliance

  • Regular Compliance Reviews / Testing: Ensuring policies and procedures are followed by the team including

  • Where issues are identified, recording issues and following up with senior management, including conducting root cause analyses and recommending appropriate mitigating actions, with plans for tracking through those actions to completion

  • Investigating complaints and identifying with the SMT any remediation action required

  • Developing proportionate and compliant policies and procedures in line with legal and regulatory requirements

  • Reviewing and updating procedures to reflect changes in legislation and the business

  • Educating and training employees not only on relevant laws, regulations, and best practice, but also on the implications of non-compliance

  • Engaging with the Regulator when required, alongside the CEO

  • Being the POC within the business for Compliance related questions

  • Maintaining all required records, including breaches, complaints, operational risk MI and KPIs, as appropriate

  • Own and draft formal reports to the business, including monthly reports to the Board

  • Create and run Operational Risk and regulatory compliance meetings

  • Act as Money Laundering Reporting Officer (MLRO), providing direction in this area for the rest of the company

The Person

The company is looking for a dedicated, hardworking, and ambitious individual who is able to engage in a hands-on role in a fast-paced growth environment.To be considered suitable you will need to be:

·         Sector Experience in an FCA Regulated Financial Services Business in the Consumer Lending area. This could be:

o   Motor / Car Finance

o   General Consumer lending e.g. Credit Cards, Short Term Loans, Banking

o   Working for a Regulatory Consultant in this area

·         Excellent knowledge of the FCA CONC requirements

·         Adaptable to change and highly organised

·         Good report writing

·         Knowledge of AML

·         A team player

·         Approachable and engaging with the rest of the team