Job Title: Senior Compliance Officer

Location: London with Hybrid work 2 days from home

Salary: Up to £95,000 plus discretionary bonus

Working Hours: Monday - Friday 9 am - 6 pm

Benefits:

25 Days Holiday Plus bank and public holidays
Pension scheme
Private healthcare
Other flexible benefitsAbout the role of Senior Compliance Officer

We have a great new opportunity as a stand-alone Senior Compliance Officer with a specialist Bridging and Buy to Let lender. Reporting to the Risk Director and serving as Deputy MLRO and a member of the Risk Committee, the Senior Compliance Officer will ensure the company remains compliant with all regulatory requirements while achieving its business objectives. The role involves providing day-to-day compliance support to underwriting teams, developing and maintaining a robust second-line financial crime and data protection framework, and collaborating effectively with third-line assurance. The Senior Compliance Officer will also own, develop, and review company policies (excluding credit) and educate employees on the latest regulations, processes, and best practices, with a strong emphasis on protecting the business from financial crime.

Responsibilities required for the role of Senior Compliance Officer

Own, maintain, develop and review compliance policies, advising management on possible risks
Maintain the compliance monitoring calendar
Advise management on the company's compliance with regulations through regular reporting
Develop and implement an audit calendar to be approved by the Risk Committee for internal and external oversight
Engage with 3rd party auditors and manage audit process and findings
Create and manage action plans in response to audit findings and outcomes
Conduct Internal reviews against the firm's policies e.g. third-party introducers
Complete all required regulatory returns and CIFAS returns/attendance at CIFAS meetings
Responsible for implementing and maintaining all Financial Crimes policies and procedures
Carry out a second line of defence role
Maintain the firm's financial crime risk assessment tool
Produce relevant management information regarding Financial Crime and draft the annual MLRO report
Investigate Suspicious Activity Reports and report the relevant law enforcement body if required
Maintain knowledge of financial crime legislation and good practice (including attending external training and CIFAS Mortgage Sector Working Party Group)
Keep the firm's Board and Risk Committee up to date on any upcoming changes which would impact the firm
Provide ongoing training to firms on financial crime
Responsible for ensuring Data Protection and Security Policies are in place and maintained
Responsible for maintaining appropriate registers such as the Register of Processing Activities
Manage borrowers' rights under data protection legislation e.g. Data Subject Access Requests
Data Security management - Review proposed changes and new IT software from a data protection and security perspective
Liaising with IT to conduct Phishing Exercises and similar
Maintain and update the firms Complaints Handling Procedures
Conduct complaint investigations and issue final response letters as appropriate
Liaise with the Financial Ombudsman Service
Conduct Route Cause AnalysisExperience required for the role of Senior Compliance Officer

Minimum 3 years of proven experience in a compliance role at a mortgage lender
Strong knowledge of PRA & FCA regulation of the mortgage industry including CBTL
Able to work with minimum supervision
Strong attention to detail and analytical skills
Experience gained with a Buy to Let or Bridging LenderFor more information regarding the role of Senior Compliance Officer please contact us

Stellar Select is acting as an employment agency and is a corporate member of the REC

Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days