Compliance Assurance Officer, Carmoola
£65-80k
3+ days a week in office (Primrose Hill, London)
Speedy car financing
Job no longer available
Speedy car financing
21-100 employees
Job no longer available
£65-80k
3+ days a week in office (Primrose Hill, London)
21-100 employees
Company mission
To help customers take control of and experience car finance freedom.
Role
Who you are
- At least 3 years of experience in a compliance monitoring role within a consumer credit company
- Exceptional attention to detail, ensuring accuracy in compliance monitoring and reporting
- Strong written communication skills, with the ability to produce clear, structured reports and documentation for key stakeholders
- A keen eye for detail, with the ability to identify issues, control gaps, and interpret regulations and legislation confidently
- A constructive approach to challenging the status quo and influencing positive change across the business
- Self-motivated and able to work independently, with a systematic and methodical approach to managing tasks and reviews
- A proactive mindset with a strong sense of initiative, able to identify and address compliance risks before they escalate
- Comfortable applying risk management principles in an assurance environment
- Professional compliance qualification (ICA, CISI, or equivalent) is a plus
- Experience working in a high-growth startup or scale-up environment
- You are driven by a passion for excellence and delivering the best outcomes for customers
- You’re detail-oriented, analytical, and highly organised, with a keen eye for spotting risks and opportunities
- You thrive in an environment where you can take initiative, solve problems creatively, and continuously seek ways to enhance or automate compliance processes
What the job involves
- We are searching for an exceptional Compliance Assurance Officer to join our dynamic team
- Reporting directly to the Head of Risk and Compliance, you will have the unique opportunity to ensure Carmoola adheres to all regulatory and legal requirements, developing and maintaining compliance frameworks that support responsible business practices
- As we continue to innovate, you’ll have the chance to leverage automation and modern compliance practices to streamline processes, enhance efficiency, and reduce risk
- This isn’t just a job; it’s a chance to set new standards in how we handle these critical functions
- Your work will ensure that we deliver WOW to our customers, our regulatory commitments are met, and Carmoola sets the gold standard for compliance in the fintech car finance industry
- As Compliance Assurance Officer, your expertise will help shape our compliance monitoring framework, ensuring we continue to deliver responsible and innovative financial solutions
- Compliance Assurance Reviews – Plan and deliver risk-based reviews to assess compliance with regulatory requirements and internal policies
- Thematic Reviews – Design and execute deep dives into key risk areas such as vulnerability, affordability, and complaints handling
- Report Writing – Produce clear, actionable assurance reports with evidence-based findings and practical recommendations
- Action Tracking – Monitor, follow up, and validate the closure of agreed management actions and ensure timely resolution
- Stakeholder Engagement – Present findings and recommendations to key stakeholders across the business, ensuring issues are clearly understood and supporting them in addressing compliance risks
- Consumer Duty Monitoring – Oversee the continuous embedding and monitoring of Consumer Duty requirements, ensuring we consistently deliver good outcomes for customers
- Automation – Identify opportunities to use automation and technology to enhance efficiency, reduce manual errors, and ensure regulatory tasks are completed accurately
Salary benchmarks
Our take
The current car buying experience lacks clarity around pricing and cost, meaning that buyers are often unable to make informed decisions regarding financing until very late into the process. Carmoola offers a solution to this by providing speedy financing options at the start of the buying process, placing control back into customers' hands.
The company is able to offer this radically different strategy through new, innovative ways of approaching risk assessments that are geared towards transparency. Further, while other digital lenders and brokers require some phone calls and paperwork, Carmoola differentiates itself by operating entirely online for a more streamlined customer experience.
Funding has allowed the company to scale rapidly, and future plans include a continuation of this growth through new hires and development invested into its platform.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Jan 2024
$21.4m
SERIES A
Feb 2023
$11.7m
SERIES A
Total funding: $73.7m
Company benefits
- Sky's the limit growth opportunities
- Stock Options, we want you to share in the success that we are building together
- The opportunity to learn fast, amongst like minded peers
- Modern office space in bustling Kings Cross, with all the expected Startup Mod Cons
- 25 days Holiday (+Bank Holidays)
Company HQ
Royal Arsenal, London, UK
Leadership
Roman Sumnikov
(Co-CTO & Co-Founder)Held senior and lead roles as a Software Engineer at Avery Products, Book2Meet and Vable. Sumnikov also worked as the Head of Engineering then CTO at Movebubble.
Aidan Rushby
(CEO & Co-Founder)Previously the co-founder and CEO of Movebubble.
Amy McKechnie
(Director of Product and Operations & Co-Founder)Previously worked as a Marketing and Events Co-ordinator for Zoopla and founded My Princess Party. McKechnie also worked as Product Owner then Head of Product at Movebubble.
Igor Gordiichuk
(Co-CTO & Co-Founder)Previously worked as a Senior Software Engineer and Team Lead at WDS. Also worked as a Lead Software Engineer at Vable and CTO at Movebubble.
Jasper Dykes
(Boardmember & Co-founder)Dykes is the founder and current CEO of Fly Now Pay Later. He is also an investor in Revolut and Mercury.
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