Compliance Monitoring Officer

OakNorth Bank Plc
London, United Kingdom
GBP 60-80K
13 Sep 2022
13 Oct 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Principal Responsibilities:
  • Ensure compliance monitoring testing procedures are effectively designed, such that key issues/matters are identified and meaningful conclusions produced.
  • Track remediation actions to completion following up with those accountable for implementing remedial activities to ensure that appropriate corrective actions or risk mitigation strategies are implemented fully within the required timeframes.
  • Deliver 'second line' assurance reviews, including on:
  • Bank processes and procedures, such as the 'customer journey' and the account applications process and documentation including terms & conditions;
  • Products and documentation; and
  • Marketing material and communications.
  • Provide administrative support as and when required, to the wider team.

  • Subject matter expertise in compliance monitoring
  • Strong understanding of the three lines of defence model
  • Knowledge - a thorough specialist-level knowledge of FCA/PRA Handbooks and regulation, and the UK regulatory framework as a whole and how EBA regulation and other codes would also be applicable. Knowledge of both retail and corporate sectors is required
  • Strong written and verbal communication skills
  • Analytical and reporting skills - able to analyse and communicate complex issues in a methodical and structured way
  • Proactive and self-starter
  • Attention to detail - achieves consistency, and does not allow details to slip
  • An excellent multi-tasker who is organised and can keep several plates spinning simultaneously, can handle pressure
  • Can work in a fast-paced and ever-changing environment
  • Teamwork - confidence to be able to challenge the business, and to hold fast to compliance principles and standards in debate, but to do so in a way which is as a trusted partner. Builds good working relationships, and shows teamwork and co-operation in the interests of the business
  • Work ethic - works hard to achieve results and understands and believes in OakNorth's mission and is excited about helping us achieve it
  • A law degree would be an advantage

Benefits & Perks:
  • Equity. We want people to have a stake in the business so that all our interests are aligned. It's your baby too
  • 25 days holiday - and we really want you to take it. Burnout is not big or clever
  • Personalised benefits - opt-in to what matters to you
  • Enhanced family leave
  • Wellbeing and social events
  • Barista bar

About Us

We're OakNorth Bank and we embolden entrepreneurs to realise their ambitions, understand their markets, and apply data intelligence to everyday decisions to scale successfully at pace.

Banking should be barrier-free. It's a belief at our very core, inspired by our entrepreneurial spirit, driven by the unmet financial needs of millions, and delivered by our data-driven tools.

And for those who love helping businesses thrive? Our savings accounts help diversify the high street and create new jobs, all while earning savers some of the highest interest on the market.

But we go beyond finance, to empower our people, encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed.

Our story

OakNorth Bank was built on the foundations of frustrations with old-school banking. In 2005, when our founders tried to get capital for their data analytics company, the computer said 'no'. Unfortunately, all major banks in the UK were using the same computer - and it was broken.

Why was it so difficult for a profitable business with impressive cashflow, retained clients, and clear commercial success to get a loan?

The industry was backward-looking and too focused on historic financials, rather than future potential.

So, what if there was a bank, founded by entrepreneurs, for entrepreneurs? One that offered a dramatically better borrowing experience for businesses?

No more what ifs, OakNorth Bank exists.

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