Private Banking Compliance Advisor , Consumer Credit - Eximius Finance

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

Job summary

A financial services company is seeking a Compliance Advisor for their Private Client business. The ideal candidate will have extensive experience in compliance advisory roles, especially in the area of regulated lending and FCA regulations. Key responsibilities include providing advice on lending rules and managing regulatory risks while ensuring fair treatment of clients.

Qualifications

• A number of years’ compliance advisory experience, ideally with a background in regulated lending.
• Strong knowledge of FCA regulation, particularly MCOB and CONC.
• Able to track changes in the regulatory landscape and communicate effectively.

Responsibilities

• Provide compliance advice to Private Client business on Consumer Credit.
• Advise on FCA rules applicable to secured lending.
• Identify and manage regulatory risk promptly and appropriately.

Skills

Compliance advisory experience

Knowledge of FCA regulation

Understanding of retail lending products

Ability to communicate regulatory changes

Job description

Job Description

The post-holder will:

• Provide accurate, timely and practical regulatory compliance advice to the Private Client business on Consumer Credit.
• 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)
• For unregulated lending, advise on the meaning and application of rules and guidance that apply to any regulated aspects or general conduct expectations
• 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

• A number of years’ compliance advisory experience, ideally with a background in regulated lending
• 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
• Sound knowledge of retail lending products for consumers, with experience working with lending to private banking clients welcomed
• Ability to think clearly and apply technical regulatory knowledge to commercial demands of business
• Adept at tracking changes in the market, products, legislation and regulation relevant to the business areas and communicating them out in a digestible manner