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Compliance Monitoring Officer

Head Office|Letchworth

We have an exciting new opportunity for a Compliance Monitoring Officer to join our fast-paced Compliance team.  

Redwood’s staff are pivotal in delivering our special customer experience. We are a team of talented individuals who make a genuine difference to the future of business lending and savings.

Our in-house culture has been carefully cultivated to support curious minds within a collaborative workforce. 

As a fast-developing Challenger Bank, we are always seeking ambitious, loyal and dedicated people who have diverse backgrounds, experiences and skills. 
 
We have an exciting new opportunity for a Compliance Monitoring Officer to join our fast-paced Compliance team.  

You will be responsible for assessing the implementation and adequacy of all company policies, processes and activities and ensure that they are aligned with regulatory requirements and industry best practice. You will be supporting the Compliance Manager and the Head of Compliance to facilitate and coordinate the compliance monitoring plan for the Bank. 

Main Responsibilities of the role include:

•    Inputting, enacting, and monitoring an annual compliance monitoring plan
•    Assisting with the preparation of Management Information for monthly Committee reporting packs
•    Monitoring processes and activity in the Bank’s 1st line of defence to ensure they are fit for purpose and conform to all relevant regulations
•    Taking responsibility for the implementation and management of day-to-day compliance monitoring plans and procedures 
•    Acting as an integral part of the team regarding knowledge resources for all compliance related matters 
•    Overseeing compliance monitoring and audit reports and track all action points to completion
•    Monitoring the Bank’s exposure to regulatory risk, and preparing related reporting for Management and Committees
•    Assisting in the preparation of risk assessments 
•    Conducting horizon scanning and maintain the horizon scanning log and the monthly regulatory bulletin 
•    Producing papers summarising regulatory change and disseminate accordingly
•    Producing and delivering training on key topics as and when required
•    Building positive and effective relationships with key stakeholders within business units, developing their understanding of risk and compliance matters and influencing decisions, to ensure compliant behaviour

It is essential that you can describe technical compliance issues in an understandable format. You will be able to demonstrate strong analytical, organisational and communication skills and have the ability to work on your own initiative.

You should have a minimum of 3 years’ experience in a Compliance role conducting monitoring activities in financial services. A compliance qualification is desirable, however not essential.

If you are looking for a career where you will be respected as an individual and valued for the contributions you make, then it is time to join Redwood Bank.

To find out more or to apply for this role, please email your CV and covering note to our HR team.

Send an email to our HR team

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