Compliance Advisor - Eximius Finance

ZipRecruiter; London; On-site; GBP 100,000 - 125,000; Full time

Job summary

An established industry player is seeking a compliance advisor to provide expert regulatory guidance on lending practices. This role involves advising on FCA rules and ensuring compliance with consumer credit regulations. The ideal candidate will have extensive experience in compliance advisory roles, particularly in regulated lending, and will be adept at navigating complex regulatory landscapes. Your insights will help the firm manage risks effectively while ensuring fair treatment for clients. Join a dynamic team that values your expertise and contributes to achieving excellent outcomes for clients in the financial sector.

Qualifications

• Several years of compliance advisory experience in regulated lending.
• Strong knowledge of FCA regulation and MCOB, CONC, Consumer Duty.

Responsibilities

• Provide compliance advice on regulated and unregulated lending.
• Identify and manage potential regulatory risks effectively.

Skills

Regulatory Compliance Advice

FCA Regulation Knowledge

Consumer Credit Act Knowledge

Retail Lending Products Knowledge

Risk Management

Job description

Job Description

The post-holder will:

1. Provide accurate, timely and practical regulatory compliance advice to the Private Client business on lending (regulated, unregulated and consumer credit).
2. For regulated lending, advise on the meaning and application of FCA rules and guidance applicable to secured lending (MCOB + any legacy Article 3.1(b) agreements and CONC rules and guidance) as well as PRA BTL lending, taking into account requirements from other sources (e.g. Consumer Duty, Consumer Credit Act (CCA) legislation, industry standards and best practice codes).
3. For unregulated lending, advise on the meaning and application of rules and guidance that apply to any regulated aspects or general conduct expectations.
4. Ensure issues of potential regulatory risk (including potential regulatory breaches) are identified and managed (and/or escalated as required) promptly and appropriately, having regard to the need to treat clients fairly, help clients to achieve good outcomes, acting when clients achieve poor outcomes and manage IBP’s Retail regulatory and conduct risks.

Core Skills and Knowledge

1. A number of years’ compliance advisory experience, ideally with a background in regulated lending.
2. Strong and proven working knowledge of FCA regulation with particular emphasis on MCOB, CONC, Consumer Duty + PRA BTL lending regulation and experience of providing advice on these regulations to a regulated firm.
3. Sound knowledge of retail lending products for consumers, with experience working with lending to private banking clients welcomed.
4. Ability to think clearly and apply technical regulatory knowledge to commercial demands of business.
5. Adept at tracking changes in the market, products, legislation and regulation relevant to the business areas and communicating them out in a digestible manner.