Compliance Risk Specialist

2 days ago


Birmingham, Birmingham, United Kingdom Molo Full time
About Molo

Molo is a pioneering fintech firm revolutionizing the mortgage industry. Since its inception in 2018, it has been a driving force in the UK mortgage market, processing over £1 billion in mortgage applications through its platform.

The company's mission is to modernize the mortgage experience, aligning it with other customer-centric financial services. With a tech-driven approach, Molo streamlines mortgage lending, replacing cumbersome processes with real-time decisions. It has received numerous awards, including 'Best Digital Mortgage Lender' at the Fintech Awards and 'Best Online Mortgage Lender' at the Lending Awards. As a subsidiary of ColCap, Molo is regulated by the UK's Financial Conduct Authority.

Job Description

We are seeking an initiative-taking, curious individual to support the Head of Compliance / MLRO in implementing a robust risk and compliance framework. This role involves ensuring adherence to regulatory requirements and internal policies, promoting a culture of compliance and risk within the organization.

Key Responsibilities:
  • Support risk assessment processes by collecting and organizing data, performing risk assessments, root cause analysis, and identifying potential risks across business units.
  • Maintain and update the risk register to ensure accuracy and effectiveness.
  • Collaborate with business areas to develop strategies for mitigating identified risks and enhancing the overall risk management framework.
Compliance Objectives:
  • Assist in preparing, reviewing, and maintaining compliance documentation, reports, and records.
  • Monitor regulatory changes and industry standards, ensuring the organization remains compliant.
  • Review and approve financial promotions for compliance with Consumer Duty regulations and MCOB.
  • Contribute to developing and delivering compliance training programs.
  • Manage compliance queries generated by the organization, providing timely and accurate responses.
  • Provide SME compliance input on product launches, distribution, and systems development.
Your Skills and Experience

We require a candidate with at least 3 years of experience in risk and compliance, preferably in the financial services sector. The ideal candidate should possess strong analytical skills, knowledge of FCA and MCOB regulations, and experience with financial promotion approval.



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