Compliance Monitoring Associate

Posted 14 Hours Ago
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London, Greater London, England
Entry level
Fintech • Financial Services
The Role
The Compliance Monitoring Associate role involves providing compliance oversight and conduct testing for the bank's first line of defence. Responsibilities include conducting oversight testing, writing findings, creating risk system tracking actions, producing monthly compliance reports, and fostering collaboration between compliance and business teams.
Summary Generated by Built In

Description

Hello, we’re Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

We are now looking for a Compliance Monitoring Associate

The purpose of this role is to provide second line of defence (2LoD) conduct and compliance oversight over 1LoD (first line of defence), including Outcomes Testing, Internal & External Reporting, Quality Assurance, and Customer Documentation, so that 1LoD meet their regulatory obligations and support the delivery of good customer outcomes.

Key responsibilities include:

  • Conduct oversight testing as part of a high performing Conduct & Compliance Oversight team, ensuring the timely and accurate delivery of regulatory compliance and conduct related Oversight and independent challenge is provided to Starling Bank’s first line of defence (1LoD) / business teams. 
  • Ability to write up findings related to oversight clearly and accurately.
  • Support the creation and tracking of actions in the Bank’s risk system to provide appropriate reporting to Senior Management and the relevant committees.
  • Build strong relationships with 1LoD to deliver a collaborative working environment between Compliance and the business. 
  • Support with the production of Compliance’s monthly reporting pack. 
  • Ability to support team members with the completion and delivery of compliance reviews and findings.
Requirements
  • Excellent communication (written and verbal), relationship building and influencing skills, with the ability to communicate effectively to a variety of audiences.
  • Knowledge and experience of identifying key Conduct and Compliance risks. 
  • Sound judgement and decision making, planning and prioritisation skills, with the ability to see things through to resolution at all times. 
  • Have a naturally curious and inquisitive approach to work, proactively questioning the status quo where appropriate. 
  • Be resilient and not shy away from having difficult conversations.
  • Willingness to share knowledge with the team and collaborate across all product lines with all members of the team.
Benefits
  • 25 days holiday (plus take your public holiday allowance whenever works best for you)
  • An extra day’s holiday for your birthday
  • Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off
  • 16 hours paid volunteering time a year
  • Salary sacrifice, company enhanced pension scheme
  • Life insurance at 4x your salary & group income protection
  • Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
  • Generous family-friendly policies
  • Incentives refer a friend scheme
  • Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing

About Us

You may be put off applying for a role because you don't tick every box. Forget that! While we can’t accommodate every flexible working request, we're always open to discussion. So, if you're excited about working with us, but aren’t sure if you're 100% there yet, get in touch anyway. We’re on a mission to radically reshape banking – and that starts with our brilliant team. Whatever came before, we’re proud to bring together people of all backgrounds and experiences who love working together to solve problems.

Starling Bank is an equal opportunity employer, and we’re proud of our ongoing efforts to foster diversity & inclusion in the workplace. Individuals seeking employment at Starling Bank are considered without regard to race, religion, national origin, age, sex, gender, gender identity, gender expression, sexual orientation, marital status, medical condition, ancestry, physical or mental disability, military or veteran status, or any other characteristic protected by applicable law. When you provide us with this information, you are doing so at your own consent, with full knowledge that we will process this personal data in accordance with our Privacy Notice. 

By submitting your application, you agree that Starling Bank may collect your personal data for recruiting and related purposes. Our Privacy Notice explains what personal information we may process, where we may process your personal information, its purposes for processing your personal information, and the rights you can exercise over our use of your personal information.

The Company
HQ: London
2,000 Employees
On-site Workplace
Year Founded: 2014

What We Do

Hello, we’re Starling.

Banking was broken – so we decided to fix it. The vision? Fast technology, fair service and honest values. All at the tap of a phone, all the time.

We built Britain’s first digital bank.

One hard-won banking licence later, we set about giving people a new way to spend, save and manage their money (and take better care of the planet, too).

We’re changing banking for good.

Back then, we were obsessed with unravelling the knotty world of finance and solving people’s problems rather than selling them stuff. We still are.

Since then, we’ve grown. A lot.

Over three million accounts (and four account types!). A team of thousands. Headquartered in London with offices in Cardiff, Dublin, Manchester and Southampton. Five years voted Which? Recommended Provider and Britain's Best Banking Brand. Still zero branches.

Our culture is open, inclusive and focused on solving real customer problems, with an emphasis on doing the right thing, even when it’s not always the easy thing. From our approach to working together and sustainability to how we build our products, our decisions need to make the world – and Starling – a better place to be.

Everyone at Starling is essential to our mission, which is really quite simple: to solve our customer’s problems – and build the best bank in the world!

And now we're providing Starling to other banks, via a Software-as-a-Service (SaaS) proposition through our subsidiary Engine, using the proprietary technology platform that it uses to power our own bank.

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