Compliance & Financial Crime Analyst

Perenna; Greater London; Hybrid; GBP 40,000 - 70,000; Part time

Job summary

An innovative digital mortgage bank is seeking a Compliance & Financial Crime Analyst to enhance its compliance frameworks. This hybrid role involves supporting compliance advisory services, conducting risk assessments, and ensuring adherence to regulatory requirements. The ideal candidate will have a strong background in compliance within retail banking, particularly with mortgage products. Join a dynamic team focused on collaboration and transparency, and contribute to making mortgages better for everyone. With a competitive salary, generous leave, and a commitment to diversity, this opportunity is perfect for those looking to make a real impact.

Benefits

30 days annual leave plus Bank Holidays

10% pension contribution

Private healthcare for employees and family

Flexible working hours

Qualifications

• Experience in a second-line compliance role in a retail bank.
• Strong understanding of regulatory landscape and third-party oversight.

Responsibilities

• Support Compliance Advisory services across the bank.
• Conduct risk assessments and monitor compliance with regulations.

Skills

Compliance and Financial Crime Experience

Analytical Skills

Knowledge of MCOB and FCA Handbook

Third-party Relationship Management

Education

Degree in Finance, Law, or related field

Job description

Compliance & Financial Crime Analyst

London or Newcastle Upon Tyne (hybrid)

We’re Perenna, a digital mortgage bank that will revolutionise the UK mortgage market. We offer flexible fixed rate mortgages, with terms ranging from 15 years up to 40 years, providing full payment certainty and protecting borrowers against interest rate rises.

To support our growth and expansion, we’re looking for someone with experience in compliance and financial crime to join our Compliance team supporting the implementation and maintenance of our Compliance and Fraud & Financial Crime Frameworks.

What you’ll be doing.

As our Compliance & Financial Crime Analyst, you’ll report to the MLRO and play a key role in our second line Compliance function. This is a wide-ranging role, where you’ll be involved in a wide range of activities, including:

• Supporting the provision of our Compliance Advisory service – Our second line Compliance team delivers Compliance Advisory services across the bank, to our first line operational teams in functions ranging from mortgage origination, finance and treasury, people and marketing teams. You’ll respond to first line enquiries, including MCOB and financial crime referrals. You will also review customer communications, including marketing material, financial promotions, and customer-facing documents. You’ll be involved in conducting independent testing, investigations and monitoring activities.
• Assist in the delivery of our Compliance Framework – This will include conducting risk assessments, confirming adherence to policy and procedure requirements, recommending system and process enhancements and reporting the results. You will be on point to support the development and delivery of mandatory regulatory training and awareness initiatives across the Bank. You’ll also monitor all compliance and financial crime regulatory change, working to ensure that impacted teams are informed of “action-required” changes and assessing the Bank’s compliance with amended laws, rules and regulations.
• Provide compliance expertise for key activities – You’ll undertake second line compliance and financial crime monitoring activities, and core compliance support responsibilities, including conflicts of interest declarations and policy management, customer screening and monitoring. Part of your role will be to help with the provision of compliance and financial crime MI. Other aspects of this role will be to assist with the ongoing maintenance of an SM&CR framework for the business.
• Undertaking financial crime monitoring activities - Including investigating suspicious activity reports and disclosure to the NCA.

Here are the skills and experiences you could bring to Perenna that would make a great impact:

• Experience in a similar second-line compliance role in a retail bank, where you’ll have built a track record in compliance and financial crime activities
• A strong understanding of the oversight of third-party relationships, and an awareness of the regulatory landscape around third-party suppliers in retail banks
• In-role experience of working with mortgage products, with a working knowledge of MCOB, and the ability to read and interpret the FCA Handbook and PRA Rulebook, and other relevant industry guidance
• Strong skills in financial crime onboarding and relevant ongoing screening and monitoring requirements

To be successful in this role, you will need to have good analytical skills, and be able to influence positively through your presentation, written and verbal capabilities. Whilst it’s not essential, if you have any experience in start-up or challenger banks, this is a really useful background.

We are positive, energetic, and focussed as a team, and we enjoy finding pragmatic ways to do new things that change the status quo. We value transparency and collaboration, and we like to own outcomes but share successes. If these are the kind of behaviours that you value in your colleagues, you will enjoy the pace and style of work we do here.

Role basics

Our roles are hybrid. This means although we don’t expect you to be in the office every day, there are some things that are just better done together – in-person team training, collaborating on new processes and improvement to how we do things, informal chats and in-person get togethers to explore new things or get a wider perspective on what’s going on. We want to make the balance work between working at home and at the office that best enables efficiency, connection and collaboration. Alongside a competitive base salary, you’ll have 30 days of annual leave plus Bank Holidays, a generous company contribution of 10% towards your pension and private healthcare for you and for your family members. We're open to discussing part time working for this role, too.

Things you should know

Our selection processes are quick, but thorough. After a short initial chat to get some extra information about you, you'll have 2 more structured interviews, but we won’t hang around, and if you aren’t successful, we’ll make sure you get feedback.

We're a regulated bank, so if you're successful, our pre-employment process will include ID verification, a DBS records check, adverse credit checks (not scoring) and employment history referencing before your start date is confirmed.

All applicants need to be fully eligible to work in the UK without any restrictions. We can't support Visa sponsorship.

Things that matter to us all

The fantastic people we have here at Perenna come from a very wide range of backgrounds and communities, but we all share the same belief that mortgages should be better, and we all want to make that happen together. We’re passionate and proud of our unique proposition, our products and our mission. We collaborate and we support each other, and our culture is inclusive and open. Diversity of all kinds is valued and respected here, and whatever your background, your voice will be heard. That’s not just because it’s the right thing to do – we believe our diversity makes us better for our customers and helps us think big about our goals.

If you need any accommodation or adjustment to participate in our selection process, please let us know, and we’ll make it happen.