Compliance Assurance Officer

OSB Group; England; Hybrid; GBP 34,000 - 47,000; Full time

Job summary

A financial services company in the UK is seeking a Compliance Assurance professional to assist with compliance monitoring and assurance reviews. You will play a vital role in ensuring regulatory adherence and provide insights on compliance risks. The position offers a competitive salary, hybrid working options, and various employee benefits.

Benefits

Enhanced family-focused benefits

Hybrid-working

Annual bonus opportunity

Qualifications

• Experience in compliance assurance, monitoring or audit within a regulated environment.
• Ability to communicate effectively with stakeholders at various levels.
• Knowledge of FCA regulatory expectations, especially conduct risk and customer outcomes.
• Awareness of compliance risk assessment methodologies and best practices.

Responsibilities

• Assist in delivering Compliance Assurance and Monitoring reviews.
• Conduct risk-based testing aligned with industry regulations.
• Communicate compliance findings, risks, and practical recommendations.
• Produce high-quality reports on internal controls and regulatory risk management.

Skills

Compliance assurance experience

Effective communication

Knowledge of FCA regulations

Awareness of compliance methodologies

Job description

About the team

The Compliance Assurance Team forms a key part of the Group's Risk Assurance Function, which supports the Bank by delivering risk-based, independent assurance on compliance with applicable regulations and the promotion of good conduct. This assurance is provided through a structured programme of thematic reviews, compliance monitoring, and key control testing across critical business areas. These activities are carried out throughout the year in alignment with a risk-based assurance plan, ensuring that areas of highest risk receive appropriate focus and scrutiny.

What you will be doing?

In this role, you will assist in delivering our Compliance Assurance and Monitoring reviews in line with internal quality standards whilst adhering to our Compliance Assurance Methodology.

You will help to ensure the organisation maintains adherence to regulatory requirements and internal policies and procedures, assisting with compliance monitoring, testing, assurance activities, and identifying and mitigating risks across business functions.

This role will work closely with cross-functional teams to foster a culture of compliance, providing insights and guidance on compliance risks, controls, and best practices.

Your responsibilities will include...

• Executing timely and robust Compliance Assurance and Monitoring reviews across the Group to assess the effectiveness of compliance controls and programmes which includes the assessment of customer outcome across the full product lifecycle when necessary
• Conducting risk-based testing which is aligned with emerging risks, and regulatory requirements, adapting them as necessary to respond to new risks or regulatory changes
• Recording operational management responses and evidence, tracking action progress through to closure, and conducting proportionate follow up validation assessments from Compliance Assurance and Monitoring reviews
• Understanding and contributing to compliance risk assessments, in collaboration with the Compliance Senior Leadership team, identifying, quantifying, and prioritising compliance risks
• Monitoring regulatory developments and changes in the industry to adapt the application of assurance frameworks and methodologies accordingly
• Communicating key compliance findings, risks, and issues, providing practical recommendations for ongoing risk mitigation and improvement with varying levels of stakeholders, whilst supporting and developing effective key stakeholder relationships.
• Producing high-quality reports that meet established standards and provide key stakeholders with clear insights into the internal control environment, as well as the effectiveness of regulatory risk management.

What\’s in it for you?

We offer a base salary dependent on experience of between £34,000 - £47,000

• Enhanced family-focused benefits
• Hybrid-working
• Annual bonus opportunity

Please use this link to see the fantastic benefits available at OSB: OSB Careers

About us

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become 'the bank of the future'.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

Do you have the skills?

We are looking for talented individuals who have the experience and knowledge set out below:

• Working in a compliance assurance, compliance monitoring or audit role within a regulated environment.
• Communicating effectively with different stakeholders and audiences at a variety of levels.
• Knowledge of the FCA regulatory expectations in general especially those relating to conduct risk and customer outcomes.
• Awareness of regulatory requirements, compliance risk assessment methodologies, and industry best practice in compliance assurance.

p>We also believe that your career and how you progress is as unique as your individual personality. We continually support our people so they can become the best version of themselves.

Next steps

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Still on the fence? Hear from our team or explore our process: OSB Careers

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational - inclusive any individual reasonable support required. We want to bring out the best in you!

Diversity, Equity & Inclusion

Not sure if you meet the spec? Let us decide.

Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don\'t feel like you need to check every box to apply for a role internally.

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.