Compliance Conduct Officer, YouLend
£55-75k
+ Stock options + Annual bonus
Embedded merchant financing
Open for applications
Embedded merchant financing
201-500 employees
Open for applications
£55-75k
+ Stock options + Annual bonus
201-500 employees
Company mission
To enable future financial services to embed their operations within customer-oriented product suites.
Role
Who you are
- A minimum of 5 years experience in a compliance role within the financial services industry, payment institution or a similar regulated entity
- Experience in the Oversight Supervision of Partners with strong foundational knowledge of key elements including Customer Due Diligence (KYC/KYB/ Onboarding), Transaction Monitoring, mitigating risks
- Experience within a Compliance function and/or controls environment, ideally within a corporate lending business
- Knowledge of reviewing, interpretation of and implementation of FCA regulatory requirements (FCA Handbook), Payment Services Regulation, JMLSG, etc
- Proven experience of initiating and implementing process development
- Delivery of high quality reviews and assessments
- Factual analysis and report writing skills
What the job involves
- The Compliance Conduct Officer will play a crucial role in assisting with the implementation of an effective Compliance Monitoring and Testing Programme
- Helping to provide oversight of policies, frameworks, tools, techniques, and support to enable risk and compliance to be managed in the first line, conduct monitoring to assess effectiveness and help ensure consistency in regulatory risk management (including the areas of Governance, BWRA, Transaction Monitoring, Information Security, Complaints, Commercial, Safeguarding, etc)
- Assist and support the Global Head of Compliance with the overall design and delivery of a proportionate, risk-based Monitoring and Testing programme including a Compliance Risk Assessment in conjunction with other team members, to continually identify the key regulatory risks applicable to You Lend
- Assist with the embedding of a customer outcomes mind-set, ensuring monitoring is focused on the identification of and enhancements to customer outcomes for all You Lend customers and partners
- Perform thematic testing reviews and escalate findings to key stakeholders, working with team leaders to address and mitigate any concerns identified
- Perform ongoing monitoring of key processes, ensuring key regulatory risks are identified and regularly assessed
- Perform ‘check the checker’ testing on the 1st line control framework and provide challenge and feedback to help strengthen/enhance, as appropriate
- Ensure actions are tracked to closure (including post closure testing/monitoring where appropriate)
- Track, monitor and report on progress of the annual monitoring programme, updating it on a continuous basis to adapt to the changing environment and risks within the business
- Provide Compliance oversight with our consumer duty requirements, supporting areas of the business with their assessments on outsourcing, product governance, complaints, conflicts of interest etc.,)
- Assist with the identification and assessment of current and future regulatory risks across key areas in compliance monitoring and flag/escalate issues in a timely manner. Where appropriate make recommendations to mitigate those risks
- Make recommendations to improve policies, processes, and rules to improve the effectiveness of the controls, identify non-compliance with regulations or policies, identifying gaps in systems and processes
Salary benchmarks
Our take
Securing funding can be complicated, arduous and often inaccessible to many companies. YouLend solves this problem by giving eCommerce platforms and tech companies better access to fast and flexible funding.
YouLend has benefited from the boom in the financial services industry, but this also means the company has had to compete with a number of other embedded finance startups, such as Weavr. Despite this, YouLend's focus on online merchants has allowed it to remain competitive in its offering. What's more, the company's revenue-based repayments system differentiates its solution from more established loan options.
YouLend's flexibility and the speed with which merchants can obtain funding has allowed it to gain a foothold in the growing embedded finance market. However, it will need to focus on growing its customer base even further if it wants to scale in this competitive space.
Steph
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
39% female employees
101% employee growth in 12 months
Company
Company benefits
- Stock Options
- Private Medical insurance via Vitality
- EAP with Health Assured
- Enhanced Maternity and Paternity Leave
- Modern and sophisticated office space in Central London
- Free Gym in office building in Holborn
- Subsidised Lunch via Feedr
- Deliveroo Allowance if working late in office
- Monthly in office Masseuse
- Team and Company Socials
- Football Power League / Squash Club
Company HQ
Holborn, London, UK
Articles
Leadership
Mikkel Sølvsten Velin
(Co-CEO)Started out as a Junior Associate at Bech-Bruun, and was an External Lecturer at the University of Copenhagen. Was a Partner at Rogge Global Partners (now Allianz Global Investors).
Diversity, Equity & Inclusion at YouLend
Joanne Savage (Talent Acquisition Manager)
- At YouLend we’re providing a technology first approach to finance. Our product helps smaller businesses that are the backbone of the economy, and our teams are at the core of delivering our product. We strive to create an equitable culture and we believe our teams are strongest when they are diverse and inclusive.
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