Compliance Manager, Tandem
£50-60k
+ up to 20% bonus
Green-focussed digital bank
Be an early applicant
Green-focussed digital bank
201-500 employees
Be an early applicant
£50-60k
+ up to 20% bonus
201-500 employees
Company mission
To build the UK's greener, digital bank providing hard-working people across the UK with sustainable ways to save, borrow and spend.
Role
Who you are
- Ability to hit the ground running and work well under pressure, at pace and prioritise work
- Adaptable and able to take on a wide range of tasks depending on the needs of the team
- Strong and broad expertise of regulatory landscape and demonstrable experience of advising senior stakeholders on FCA regulatory matters in a financial services environment, including SME knowledge of FCA Handbook, Consumer Credit Act, Senior Managers & Certification Regime, and Consumer Duty
- Deep working knowledge of retail lending products, with experience working with unsecured lending products desirable
- Strong focus on consumer outcomes and supporting the business in its embedment of Consumer Duty
- Excellent attention to detail and a forensic approach to delivering on a task
- Strong communication skills, including the confidence to interact with and challenge senior stakeholders across the business
- Ability to appropriately challenge information and get to the heart of a matter
- Experience working at a digital bank would be an advantage
What the job involves
- Working Pattern: Monday to Friday, 09.00 - 17.00 36.25 hours per week
- Providing advice on regulation to the business across a broad range of topics, ensuring good customer outcomes are achieved in line with the Consumer Duty
- Support the team as needed to provide compliance sign-off of financial promotions, customer communications, and training materials
- Undertake regulatory horizon scanning and maintain regular touchpoints with relevant stakeholders across the business to ensure they are up to date with changes
- Develop a strong presence across the bank and support as needed in operational meetings, helping to promote a strong compliant culture
- Provide 2LOD input to the wider Risk team, including consulting on key initiatives and ensuring due governance practices are observed
- Support the Director of Compliance and Senior Compliance Advisory Manager with the Senior Managers and Certification Regime including governance forums and supporting approved Senior Managers and accountable executives
- Support product governance across the product lifecycle
- Supporting engagements with the regulator as required by the Director of Compliance including coordinating responses to requests for information, submitting notifications and / or coordinating applications via Connect
- Support as needed to undertake policy reviews and create, develop and roll out compliance training materials to help educate colleagues on regulatory risks
- Identify, investigate and resolve compliance issues
Our take
The speed of the challenger banks to provide a delightful experience has been impressive, and the number of competitors has proven the consumer desire for innovation.
Tandem sets itself apart from other digital banks, such as Monzo and Starling, not only by being the UK's green digital bank but also by continually launching a wide range of products outside the current account. For example, it offers a leading savings account, with higher interest than many incumbents, and a new interest rate top-up feature for its instant access savings accounts.
The company's partnerships with companies like Oplo and Allium, have helped advance its green efforts, issuing over £230 million of green lending. It may have had a slower start than Monzo and Starling, but has since built momentum, serving millions of users. Since further transitioning into a greener digital bank, the company has seen significant (and sustainable) growth.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 7 rounds)
Jul 2023
$27m
GROWTH EQUITY VC
Mar 2020
$78m
SERIES D
Total funding: $171.1m
Company benefits
- Hybrid Work Opportunities
Leadership
Neil Chandler
(CEO)Former CEO of Aion Bank and Vanquis Bank and Shop Direct and was a Strategic Advisor at Apax,
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