Job Title: Senior Compliance Officer
Location: London with Hybrid work 2 days from home
Salary: Up to £95,000 plus discretionary bonus
Working Hours: Monday - Friday 9 am - 6 pm
Benefits:
- 25 Days Holiday Plus bank and public holidays
- Pension scheme
- Private healthcare
- Other flexible benefits
About the role of Senior Compliance Officer
We have a great new opportunity as a stand-alone Senior Compliance Officer with a specialist Bridging and Buy to Let lender. Reporting to the Risk Director and serving as Deputy MLRO and a member of the Risk Committee, the Senior Compliance Officer will ensure the company remains compliant with all regulatory requirements while achieving its business objectives. The role involves providing day-to-day compliance support to underwriting teams, developing and maintaining a robust second-line financial crime and data protection framework, and collaborating effectively with third-line assurance. The Senior Compliance Officer will also own, develop, and review company policies (excluding credit) and educate employees on the latest regulations, processes, and best practices, with a strong emphasis on protecting the business from financial crime.
Responsibilities required for the role of Senior Compliance Officer
- Own, maintain, develop and review compliance policies, advising management on possible risks
- Maintain the compliance monitoring calendar
- Advise management on the company's compliance with regulations through regular reporting
- Develop and implement an audit calendar to be approved by the Risk Committee for internal and external oversight
- Engage with 3rd party auditors and manage audit process and findings
- Create and manage action plans in response to audit findings and outcomes
- Conduct Internal reviews against the firm's policies e.g. third-party introducers
- Complete all required regulatory returns and CIFAS returns/attendance at CIFAS meetings
- Responsible for implementing and maintaining all Financial Crimes policies and procedures
- Carry out a second line of defence role
- Maintain the firm's financial crime risk assessment tool
- Produce relevant management information regarding Financial Crime and draft the annual MLRO report
- Investigate Suspicious Activity Reports and report the relevant law enforcement body if required
- Maintain knowledge of financial crime legislation and good practice (including attending external training and CIFAS Mortgage Sector Working Party Group)
- Keep the firm's Board and Risk Committee up to date on any upcoming changes which would impact the firm
- Provide ongoing training to firms on financial crime
- Responsible for ensuring Data Protection and Security Policies are in place and maintained
- Responsible for maintaining appropriate registers such as the Register of Processing Activities
- Manage borrowers' rights under data protection legislation e.g. Data Subject Access Requests
- Data Security management - Review proposed changes and new IT software from a data protection and security perspective
- Liaising with IT to conduct Phishing Exercises and similar
- Maintain and update the firms Complaints Handling Procedures
- Conduct complaint investigations and issue final response letters as appropriate
- Liaise with the Financial Ombudsman Service
- Conduct Route Cause Analysis
Experience required for the role of Senior Compliance Officer
- Minimum 3 years of proven experience in a compliance role at a mortgage lender
- Strong knowledge of PRA & FCA regulation of the mortgage industry including CBTL
- Able to work with minimum supervision
- Strong attention to detail and analytical skills
- Experience gained with a Buy to Let or Bridging Lender
For more information regarding the role of Senior Compliance Officer please contact us
Stellar Select is acting as an employment agency and is a corporate member of the REC
Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days.