Senior Compliance Officer (Property Finance Lender)
A newly created opportunity is available for a Senior Compliance Officer to join a highly successfully property finance lender based in London. Specialising within BTL and Bridging Finance lending, our client prides itself on service and finding workable lending solutions for their clients.
As the Senior Compliance Officer you will be responsible for the provision of compliance/regulatory advice and support for all operational areas of the business, ensuring the company's regulatory and conduct risk appetite, with a material focus on protecting the business from Financial Crime.
Provide an effective 2nd line financial crime and data protection framework, plan, and maintain relations with 3rd line assurance.
Own, develop and review all company policies (except credit), ensuring all employees are educated on the latest regulation, process, and good practice.
General Responsibilities:
- 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 regulation through regular reporting
- Develop and implement audit calendar with is approved by 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 own policies e.g. third party introducers
- Complete all required regulatory returns and CIFAS returns/attendance at CIFAS meetings
Financial Crime:
- 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 on 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 firm on financial crime
Data Protection and Security:
- Responsible for ensuring Data Protection and Security Policies are in place and maintained
- Responsible for maintaining appropriate registers such as 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
Complaints:
- 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
Employee Onboarding and Offboarding:
- Arrange for employment vetting to be conducted using an external agency
- Design and implement a compliance induction
- Manage the firms e-learning platform
- Conduct initial onboarding induction course
- Complete annual checks on all employees
- Ensure closure of all access for leavers
Experience required:
- Candidates must have a minimum 3 years' proven experience within mortgage compliance at a mortgage lender.
- Minimum 3 years proven experience in compliance role at a mortgage lender
- Strong knowledge of PRA & FCA regulation of mortgage industry including CBTL
- Able to work with minimum supervision
- Strong attention to detail and analytical skills
Salary:
Up to £75k Basic + Bonus + Benefits (Negotiable)