Compliance Analyst

Compliance – Compliance
Full Time
At Zopa, we’re shaping the future of finance.

We offer simple loans and smart investments that help people take control of their finances and do more with their money. In the 12 years we’ve been in business, we’ve helped more than 60,000 people lend over £3 billion to 246,000 UK consumers.

And our journey’s only just beginning. In November 2016 we announced our plans to build a next generation bank so that we can bring a greater range of smart, ethical finance products to even more people.

 The Compliance Analyst will be responsible for performing compliance monitoring across the business, ensuring that appropriate governance, systems and controls are in place. We have a friendly, fun, and ambitious culture where everyone contributes pro-actively towards the growth of the business, so a parallel mind-set is what we are looking for.

As we’ll be launching a new bank (exciting!) you’ll need to be the type of person who has an interest in learning, supporting, and challenge control owners on all areas of risk within departments.

Key responsibilities:

    • Perform regulatory risk assessments for new products and other business initiatives
    • Carry out due diligence when on-boarding third parties
    • Review financial promotions to ensure compliance with FCA rules
    • Aggregate information from the business to prepare regulatory returns
    • Ensure that regulatory changes are communicated and implemented
    • Perform compliance reviews across the business to ensure adherence to regulatory and internal policies, including audits on third parties
    • Issue recommendations following compliance reviews and identified breaches
    • Follow up and approve remediation work as required from issued recommendations.
    • Prepare compliance breach reports for the Risk and Compliance Committee
    • Perform regulatory risk assessments for new products and other business initiatives
    • Maintain the compliance manual and related policies and procedures
    • Supporting other ad-hoc projects

Ideally you will have:

    • Previous compliance and/or risk experience ideally within financial services
    • Proven audit / testing experience/analytical skills
    • Excellent written and verbal communication skills
    • Ability to recognise regulatory risks related to business decisions
    • Experience of managing due diligence
    • Information security knowledge
    • JMLSG and ML regulations knowledge
    • Eloquent, able to explain complex sets of rules / translate regulations into clear language to all levels of staff.

Educational/qualifications required:

    • Educated to degree level (2:1) or equivalent experience
    • Ideally a highly analytical degree
    • Preferably a candidate with good knowledge of FCA principles and Consumer Credit regulations

We are committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.