Regulatory Monitoring Lead (2LoD) – Testing & Assurance

Maintenance of Way Equipment Services; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

Jobtailor is seeking an experienced Regulatory Compliance Monitor Lead in the Greater London area. You will provide independent 2LoD oversight across regulatory compliance and financial crime controls, and challenge business stakeholders on risk and governance.

You will monitor FCA rule adherence, lead the CMP, and develop testing methodologies with clear reporting for senior management and governance committees.

Qualifications

• Extensive experience in regulatory compliance oversight within financial services.
• Strong knowledge of FCA rules and supervisory expectations.
• Experience in a Second Line of Defence environment.
• Proven ability to design and manage compliance monitoring and testing programmes.
• Ability to translate complex regulatory requirements into practical testing activities.
• Knowledge of UK regulatory areas: Consumer Duty, AML/CTF, Safeguarding, Operational Resilience.

Responsibilities

• Provide independent 2LoD oversight across regulatory compliance and financial crime controls.
• Monitor compliance with FCA rules and supervisory expectations.
• Lead and manage the Compliance Monitoring Programme (CMP).
• Develop monitoring methodologies and reporting frameworks.
• Identify control weaknesses and oversee remediation to closure.
• Produce monitoring reports for senior management and governance.

Skills

Regulatory compliance

Compliance monitoring

Second Line of Defence

Governance & controls

Root cause analysis

Testing programmes

Regulatory reporting

FCA rules

Education

ICA / ACAMS / IRM

Job description

• Provide independent 2LoD oversight and challenge across regulatory compliance, financial crime, operational resilience, safeguarding, conduct, and consumer protection controls.
• Monitor compliance with FCA rules, regulatory guidance, and supervisory expectations.
• Support the UK Head of Compliance in maintaining and enhancing an effective regulatory compliance framework.
• Act as a trusted advisor to business stakeholders on regulatory compliance matters.
• Provide constructive challenge and independent judgement on regulatory risks and business initiatives.
• Lead and manage the Compliance Monitoring Programme (CMP).
• Design and execute a risk-based monitoring and testing plan covering regulatory compliance and financial crime controls for the entities within Altery Group.
• Develop and maintain monitoring methodologies, testing techniques, working sheets and reporting frameworks.
• Assess the design and operating effectiveness of key controls.
• Identify control weaknesses, document findings, and oversee remediation activities through to completion.
• Produce clear and insightful monitoring reports for senior management and governance committees.
• Independently validate remediation actions and closure evidence to ensure issues have been effectively addressed and embedded.
• Maintain oversight of monitoring findings, action plans, overdue issues, and recurring themes.
• Ensure monitoring activities remain proportionate, risk-based, evidence-driven, and aligned with regulatory expectations and industry good practice.

Requirements

• Significant experience in a regulatory compliance, compliance assurance, compliance monitoring, or compliance oversight role within financial services, fintech, payments, banking, or e-money institutions.
• Strong knowledge of FCA rules, guidance, and supervisory expectations.
• Experience operating within a Second Line of Defence environment.
• Strong understanding of governance, systems and controls, and regulatory assurance frameworks.
• Proven experience designing, managing, and executing compliance monitoring and testing programmes.
• Strong understanding of control design, effectiveness assessments, and remediation processes.
• Experience conducting thematic reviews, root cause analysis, and control effectiveness assessments.
• Ability to translate complex regulatory requirements into practical testing and assurance activities.
• Strong understanding of key UK regulatory areas, including FCA Principles for Businesses, Consumer Duty, Financial Crime (AML, CTF, Sanctions and Fraud), Safeguarding, Operational Resilience, Outsourcing and Third-Party Risk Management, Conduct Risk, Financial Promotions, Complaints Handling, Regulatory Reporting, and Data Protection and Information Governance.
• Professional Qualifications ICA, ACAMS, IRM, or equivalent professional qualifications are desirable.

🔍 ATS Optimization Keywords
Below are skills and terms extracted directly from this job posting to improve Applicant Tracking System (ATS) visibility. This unique feature helps candidates tailor their applications more effectively — a feature exclusive to JobTailor job listings.

Hard Skills

• regulatory compliance
• compliance monitoring
• compliance assurance
• risk-based monitoring
• testing techniques
• control design
• effectiveness assessments
• remediation processes
• thematic reviews
• root cause analysis

Soft Skills

• independent judgement
• constructive challenge
• trusted advisor
• communication
• analytical thinking
• problem-solving
• stakeholder management
• reporting
• oversight
• attention to detail

Certifications & Qualifications

• ICA
• ACAMS
• IRM