Compliance Advisory Manager, Tandem
6 Months Fixed-Term Contract
£51-60k
Green-focussed digital bank
Be an early applicant
Green-focussed digital bank
201-500 employees
Be an early applicant
£51-60k
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
- The role holder will have demonstrable experience of providing compliance support across a range of disciplines in a financial services regulated environment, consultancy or at the regulator and be able to advise senior stakeholders on the regulations, specifically in relation to consumer credit, mortgages, and act as a champion of the compliance framework
- 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 knowledge of regulatory landscape and demonstrable experience of advising senior stakeholders on FCA regulatory matters in a lending environment, including FCA Handbook, Consumer Credit Act, Senior Managers & Certification Regime, and Consumer Duty
- Strong focus on consumer outcomes and supporting the business in its embedment of Consumer Duty
- Excellent attention to detail
- 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
- The role is within the 2LOD Compliance advisory team and will require the role holder to support the Director of Compliance in creating and maintaining an environment in which senior management and the business is able to comply with UK regulatory requirements
- Providing advice on regulation to the business across a broad range of topics
- 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
- Engage with the regulator as required by the Director of Compliance including co-ordinating 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
Salary benchmarks
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
$26.6m
GROWTH EQUITY VC
Mar 2020
$78m
SERIES D
Total funding: $169.6m
Company benefits
- Hybrid Work Opportunities
Company HQ
Holborn, London, UK
Leadership
Alex Mollart
(CEO, not founder)Former CEO of Oplo.
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