Compliance Monitoring Lead Location: London (Oxford Circus)
Hybrid: 2 days per week in the office
ABOUT MONUMENT We’re a challenger bank with a bold ambition: to transform the financial experience of the mass affluent - an incredibly valuable community that has been underserved for far too long.
We’re inviting the mass affluent to join a growing mindset that believes there’s more to wealth than money. And we are dedicated to providing a service experience that leaves clients in no doubt that we treat their wealth with the same care, dedication, and thoughtfulness as if it were our own.
“I’m looking for something unrealistic - an organisation that looks after my money as if it were their own.”
Monument Client (ex-Barclays Premier, HNW profile)
INTRO We are seeking an experienced, collaborative and pragmatic Compliance Monitoring Lead looking to rise to a new challenge. A highly motivated professional able to take ownership of the Compliance Monitoring Plan, supporting the business with understanding regulatory compliance requirements. Reporting directly to the Chief Compliance Officer, this is an exciting opportunity to be a part of building our Compliance function and culture from the ground up.
HOW YOU’LL MAKE AN IMPACT - Leading Compliance Monitoring reviews to assess the effectiveness of Conduct & Compliance Risk management across the business, including controls, processes and client outcomes.
- Scoping, testing and reporting of Compliance Monitoring reviews, including effective stakeholder management and delivery of insightful and impactful assurance findings.
- Creation and execution of the annual Compliance Monitoring Plan and ownership of the Compliance Monitoring methodology.
- Tracking and closure validation of issues and actions identified through Compliance Monitoring reviews.
- Challenging policies and procedures to ensure that we’re providing great client outcomes and meeting regulatory requirements.
- Providing subject matter expertise to strengthen the Compliance function and to support safe business growth.
- Supporting with day to day central compliance procedural activities, including horizon scanning, gifts and entertainment, personal account dealing, conflicts of interest.
- Building and maintaining effective and constructive relationships with key business and functional stakeholders, including product and operations teams.
- Contribute to the strategic direction of the Compliance function and promote the culture and practice of compliance within Monument through training, coaching and constructively challenging first line colleagues.
- Supporting the Chief Compliance Officer in collating meaningful and accurate internal and external compliance reporting and MI, including for Executive and Board Committees.
WE’RE LOOKING FOR SOMEONE WITH EXPERIENCE WITH - Significant experience of leading Compliance Monitoring or assurance reviews and plans within a regulated financial services environment. Including strong knowledge and practical experience of controls testing and assurance methodologies.
- In-depth and practical working knowledge of the FCA Handbook relating to retail banking is essential. Particularly Consumer Duty, BCOBS, COBS, CONC, SYSC and DISP, as well as AML regulations.
- You’re able to quickly and accurately interpret regulatory requirements, consultations and publications.
- Highly motivated individual, possessing excellent analytical skills and capable of working on own initiative and taking ownership of Compliance Monitoring.
- Good knowledge of broad banking compliance, particularly related to unregulated secured lending and deposit taking and/or good knowledge and experience of AML, sanctions, fraud and anti-bribery and corruption as relevant to a UK-based Bank.
- Strong stakeholder and relationship management skills, collaborative and team player with the ability to challenge constructively and collaboratively.
- Accountable for own decisions and actions whilst respectful of the professional responsibilities of others.
- Sound knowledge of best practice compliance frameworks, policies and methodologies.
- Experience of applying risk-assessment methodology, preferably in a compliance or financial crime environment.
- Strong report and policy/procedure writing experience.
- Knowledge of data protection/willingness to develop in this area.
- Experience with FinTech and Data Analytics is desirable.
VALUES At Monument, our values shape how we make decisions, how we treat each other when things get hard, and how we show up for clients who expect more than standard banking.
We set ambitious goals and hold ourselves to them, not because it looks good, but because our clients' outcomes depend on it. When something isn't working, we say so early, learn from it, and move. We don't wait for perfect conditions, and we don't protect egos over progress.
We work as a genuine team, which means real collaboration, honest conversations when we disagree, and shared accountability when things go wrong. We know better decisions come from different perspectives, so we actively value the range of experiences and backgrounds our people bring.
We're always asking whether there's a smarter way to do what we do, not for the sake of change, but because standing still isn't an option in the market we're in.
If that sounds like how you like to work, we'd like to hear from you.
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