Compliance Analyst

Allica Bank; Greater London; Hybrid; GBP 55,000 - 85,000; Full time

Benefits offered by this job

Full onboarding + development

Flexible working

Pension contributions

Private health cover

Life assurance

Parental leave policies

Job summary

Allica Bank is seeking a Compliance Monitoring role to support the bank's CMP and deliver regulated oversight. You will work to maintain compliance processes and provide guidance across the business, contributing to fair customer outcomes.

The role emphasizes collaboration with the Senior Compliance Manager, MLRO and other stakeholders, with flexible hybrid working and a strong focus on risk and regulatory excellence.

Qualifications

• Experience with Compliance Monitoring, Thematic Reviews and Regulatory Reporting.
• Ability to work with stakeholders across the bank to advise on regulatory matters.
• Background in a regulated financial services environment is preferred.

Responsibilities

• Support the CMP development and implementation and monitor compliance controls.
• Undertake monthly controls testing and report results with recommendations.
• Assist with business-wide thematic reviews and data collection for regulatory reporting.
• Collaborate with Financial Crime and Compliance teams to manage risk.

Skills

Compliance Monitoring

Regulatory Reporting

Stakeholder Engagement

Education

ICA qualifications desirable

Job description

About Allica Bank

Allica is the UK's fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Department Description

You will be joining an expanding regulatory team which continues to support the growth of the Bank. Reporting to the Senior Compliance Manager, you will be part of a core team responsible for successfully delivering second line of defence oversight within the Bank and will have plenty of opportunity to develop your skills and knowledge of Compliance within an SME focused bank.

Role Description

To support the development and implementation of the Bank’s Compliance Monitoring Programme. Ensuring that compliance processes and procedures are maintained and reviewed against existing bank processes, products, and regulatory guidelines. You will support the overall strategic direction of the business and always contributing to the bank’s commercial success whilst promoting the company’s values at all times.

Principal Accountabilities

Compliance

• Support the continued development and implementation of the Bank’s Compliance Framework with a particular focus on the Compliance Monitoring Programme ("CMP")
• Undertaking monthly controls testing as defined in the CMP and preparing reports which will outline your results and suggested actions
• Support the Senior Compliance Manager with undertaking business wide thematic reviews
• Assist in the collection of data for our regulatory reporting requirements
• Horizon Scanning
• Work with key stakeholders to provide regulatory and compliance advice, guidance, and support
• Manage and respond to day-to-day compliance enquiries

General

• Support the Senior Compliance Manager and Head of Compliance/MLRO in their attendance at various executive committees, project working groups and mission squads
• Work with our colleagues in Financial Crime to ensure a strong & collaborative approach to the various Compliance and Financial Crime Risks across the bank
• Assist the Compliance & Financial Crime Team as it strives to become an agile, data driven department.
• Active involvement in Conduct Risk and TCF activities.
• Pro-actively work with the Senior Compliance Manager, Head of Compliance/MLRO and the business in order to contribute towards the Bank’s commercial success.
• Influence the culture within the business, to deliver fair treatment of customers and good customer outcomes.

Personal Attributes & Experience

• An understanding and experience of Compliance Monitoring, Thematic Reviews, Regulatory Reporting & the UK's Regulatory Landscape ideally gained from a commercial banking background. Retail Banking experience will also be considered.
• Competent technical and systems skills in order the support the development and operation of systems to support the bank’s second line of defence
• Able to interact with a variety of colleagues and other stakeholders across the Bank and to deputise as appropriate for the Senior Compliance Manager
• Industry recognised qualifications from institutions such as the ICA are desirable
• Experience working within Payments Regulations is desirable

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities
• Options for flexible working
• Regular social activities
• Pension contributions
• Discretionary bonus scheme
• Private health cover
• Life assurance
• Family friendly policies including enhanced Maternity & Paternity leave

Flexible working

We know the '9-to-5' isn't right for everyone. That's why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We're a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.