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Compliance Conduct Officer

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YouLend

Sep 19

  • Job
    Full-time
    Senior Level
  • Legal
  • London
  • Quick Apply

AI generated summary

  • You need 5+ years in compliance within financial services, KYC, transaction monitoring experience, FCA regulations knowledge, strong process development, and skills in analysis and report writing.
  • You will support compliance monitoring, conduct thematic reviews, assess regulatory risks, track action closures, provide oversight on consumer duty, and recommend improvements to policies and processes.

Requirements

  • A minimum of 5 years experience in a compliance role within the financial services industry, payment institution or a similar regulated entity.
  • Experience in the Oversight Supervision of Partners with strong foundational knowledge of key elements including Customer Due Diligence (KYC/KYB/ Onboarding), Transaction Monitoring, mitigating risks.
  • Experience within a Compliance function and/or controls environment, ideally within a corporate lending business.
  • Knowledge of reviewing, interpretation of and implementation of FCA regulatory requirements (FCA Handbook), Payment Services Regulation, JMLSG, etc.
  • Proven experience of initiating and implementing process development.
  • Delivery of high quality reviews and assessments.
  • Factual analysis and report writing skills.

Responsibilities

  • Assist and support the Global Head of Compliance with the overall design and delivery of a proportionate, risk-based Monitoring and Testing programme including a Compliance Risk Assessment in conjunction with other team members, to continually identify the key regulatory risks applicable to You Lend.
  • Assist with the embedding of a customer outcomes mind-set, ensuring monitoring is focused on the identification of and enhancements to customer outcomes for all You Lend customers and partners.
  • Perform thematic testing reviews and escalate findings to key stakeholders, working with team leaders to address and mitigate any concerns identified.
  • Perform ongoing monitoring of key processes, ensuring key regulatory risks are identified and regularly assessed.
  • Perform ‘check the checker’ testing on the 1st line control framework and provide challenge and feedback to help strengthen/enhance, as appropriate.
  • Ensure actions are tracked to closure (including post closure testing/monitoring where appropriate).
  • Track, monitor and report on progress of the annual monitoring programme, updating it on a continuous basis to adapt to the changing environment and risks within the business.
  • Provide Compliance oversight with our consumer duty requirements, supporting areas of the business with their assessments on outsourcing, product governance, complaints, conflicts of interest etc.,).
  • Assist with the identification and assessment of current and future regulatory risks across key areas in compliance monitoring and flag/escalate issues in a timely manner. Where appropriate make recommendations to mitigate those risks.
  • Make recommendations to improve policies, processes, and rules to improve the effectiveness of the controls, identify non-compliance with regulations or policies, identifying gaps in systems and processes.

FAQs

What is the main responsibility of the Compliance Conduct Officer at YouLend?

The main responsibility of the Compliance Conduct Officer at YouLend is to assist with the implementation of an effective Compliance Monitoring and Testing Programme, including oversight of regulatory risks and ensuring consistency in risk management practices.

What are the essential skills required for this role?

Essential skills required for this role include a minimum of 5 years of experience in a compliance role within the financial services industry, experience in oversight supervision, knowledge of FCA regulatory requirements, proven experience in process development, and strong analytical and report writing skills.

What benefits does YouLend offer its employees?

YouLend offers a comprehensive benefits package that includes stock options, private medical insurance, enhanced maternity and paternity leave, a modern office space, free gym access, subsidised lunch, and more.

Is this position based in an office or can it be done remotely?

The position requires work in a modern and sophisticated office space in Central London, although there may be remote work opportunities in a hybrid format.

What is the salary range for the Compliance Conduct Officer position?

The salary range for the Compliance Conduct Officer position is between £55,000 - £75,000, along with an annual bonus.

How does YouLend support diversity in the workplace?

YouLend champions diversity and embraces equal opportunity employment practices, ensuring that hiring and promotion decisions are based on qualifications and merit without discrimination based on race, gender, age, disability, religion, nationality, or other protected bases.

What type of experience is preferred for applicants?

Preferred applicants should have experience within a Compliance function in a corporate lending business, as well as experience with key elements such as Customer Due Diligence (KYC/KYB) and Transaction Monitoring.

Will the Compliance Conduct Officer be involved in monitoring customer outcomes?

Yes, the Compliance Conduct Officer will assist in embedding a customer outcomes mindset and help ensure that monitoring focuses on the identification and enhancement of customer outcomes for all YouLend customers and partners.

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YouLend

Enabling e-commerce and payment platforms to support their merchants with fast, flexible embedded finance solutions

Finance
Industry
201-500
Employees
2016
Founded Year

Mission & Purpose

YouLend is the preferred embedded financing platform for many of the world’s leading providers in e-commerce, payments, and tech: eBay, Shopify, Mastercard, Mollie, Google, Just Eat Takeaway, and many more. Our software platform and APIs enable our partners to extend their value proposition by offering flexible financing products in their desired branding to their merchant base without necessarily putting capital at risk. With YouLend's data-backed credit risk assessment solutions, more merchants and SMEs than ever can receive fast, flexible and affordable funding. We have offices in London, UK, and Atlanta, Georgia, and we operate across Europe and the United States. To find out more about how we create value for our partners and their customers, visit www.youlend.com or get in touch with a member of our team.