Regulatory Compliance Officer

5 days ago


Leeds, Leeds, United Kingdom Iwoca Full time

We are looking for a skilled Regulatory Compliance Officer - Maternity Cover to join our team at Iwoca. As a key member of our compliance team, you will play a vital role in ensuring that our lending practices adhere to regulatory standards and industry best practices.

In this role, you will be responsible for supporting the Head of Regulatory Compliance with the management and oversight of conduct risk within our organization. You will develop, implement, and maintain a conduct risk framework tailored to unregulated SME lending activities, aligned with the standards of the Lending Standards Board (LSB).

Key Responsibilities:

  • Conduct risk management: Develop and implement a conduct risk framework, identify, assess, and monitor conduct risks, and collaborate with the Head of Regulatory Compliance to establish clear conduct risk policies and procedures.
  • Compliance monitoring: Conduct regular audits and reviews of lending practices, develop and maintain a comprehensive risk register, and provide training and guidance to staff on conduct risk and LSB standards.
  • Reporting and analysis: Support the Head of Regulatory Compliance with the preparation of regular reports on conduct issues, analyze data and metrics related to conduct risk and customer outcomes, and engage with external stakeholders to stay informed about emerging risks and trends.
  • Stakeholder engagement: Act as the first point of contact for conduct risk matters, work closely with internal stakeholders, and ensure alignment with LSB standards.

Requirements:

  • Minimum 3 years experience in a conduct risk, compliance, or similar role within financial services, with exposure to lending products.
  • Strong understanding of conduct risk principles and their application in unregulated lending environments.
  • Experience working with or within the standards set by the Lending Standards Board (LSB) is desirable.
  • Familiarity with the regulatory landscape affecting SME lending in the UK, even in unregulated sectors.
  • Bachelor's degree in finance, law, business, or a related field.
  • Professional qualifications in risk management, compliance, or a related discipline are desirable.

Salary: £45,000 - £50,000 per annum. We offer a competitive salary and benefits package, including quarterly performance and salary reviews.



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