The Role
As a key part of our expansion, we are looking for an experienced and highly capable Risk and Compliance Associate to join our team. This is an exciting time in the evolution of our business as we seek to build on and embed our position as a quality provider of debt to UK SMEs.
Reporting to our Compliance Manager, this is a role for a confident self-starter who will be responsible for co-ordinating and supporting the compliance function in matters such as governance, risk, training, compliance monitoring, incident management, business continuity and AML matters, with a focus on consumer duty. You will also be involved with training and development for staff along with questionnaires and regulatory attestations and being involved in managing regulatory updates and FCA requirements that the business must follow.
Responsibilities
· Investigate financial crime risk queries escalating to the Compliance Manager where required
· Support the Director of Finance and the Compliance Manager in the company's secretarial/ governance requirements
· Implement the company's Risk Management Framework
· Conduct compliance monitoring and contribute to the enhancement of the company's Compliance Monitoring Framework
· Investigate customer complaints and prepare the appropriate response for approval by Risk and Compliance Manager
· Support the Director of HR with HR governance tasks
· Review and conduct regulatory and mandatory training ensuring attestations are completed appropriately
· Contribute towards the continuous development of company's KYC, Fraud Risk and AML processes - assisting in prevention of company being used to facilitate a financial crime incident
· Support the Compliance Manager in delivering key projects as required
Skills and Experience
We would expect you to display experience of:
· Working within an FCA-regulated business
· Evolving compliance management frameworks to suit changing business risks
· Conducting compliance monitoring in a regulated financial services environment
· Reporting on compliance monitoring outputs in a clear and straightforward format
It would also be beneficial if you have:
· Knowledge and awareness of FCA Consumer Duty requirements
· Experience of managing compliance with the FCA's Senior Managers & Certification Regime
· Experience of financial crime mitigation activities
· Experience of managing a policy suite of documents
· Experience of managing complaints process compliance
Opportunities for further development
· Shaping LendingCrowd's Compliance Monitoring Framework
· Broadening your experience into operational risk
· Conducting assessments for operational process risk and control
· Performing legal process management, managing a suite of template documentation
LendingCrowd is a leading fintech business, shaping the way SMEs borrow money. Blending the latest cutting-edge technology with financial experience and backing, we have developed a scalable lending platform that provides an attractive alternative to the current limitations of business borrowing – we encourage people to think outside the bank
Founded in 2014 and born out of Edinburgh's vibrant and growing fintech scene, LendingCrowd has driven over £450m in lending to small businesses, including a significant share of lending to businesses in Scotland. LendingCrowd is positioned to become the trusted choice for SME financing, with a culture of 'doing the right thing' at the core of our purpose.
We actively encourage the generation and development of ideas from all team members to grow the business. We have an office in the city centre of Edinburgh on George Street therefore you will need to be within easy commute of Edinburgh.
We have sponsored team members through Chartered Banker Institute qualifications to ensure that they build a career at LendingCrowd beyond the role.
Come join us and be part of our success story
Job Type: Full-time
Pay: From £38,000.00 per year
Benefits:
* Bereavement leave
* Casual dress
* Company events
* Company pension
* Enhanced maternity leave
* Enhanced paternity leave
* Life insurance
* Private medical insurance
* Referral programme
* Sick pay
* Work from home
Ability to commute/relocate:
* Edinburgh, EH2 2JG: reliably commute or plan to relocate before starting work (required)
Experience:
* compliance monitoring in a UK financial services: 3 years (required)
Work Location: Hybrid remote in Edinburgh, EH2 2JG