Head of 1st Line Compliance

Posted 2 Days Ago
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London, Greater London, England
Hybrid
Senior level
Fintech • Payments • Financial Services
The Role
As Head of 1st Line Compliance, you will support product teams in ensuring good customer outcomes and compliance with policies and regulations, oversee the implementation of controls, manage regulatory change projects, and provide training to teams. You will also shape the compliance team's operations and ensure proper governance and monitoring across all areas.
Summary Generated by Built In

Our Story

 

Hello there. We’re Zopa.

 

We started our journey back in 2005, building the first ever peer-to-peer lending company. Fast forward to 2020 and we launched Zopa Bank. A bank that listens to what our customers don’t like about finance and does the opposite. We’re redefining what it feels like to work in finance. Our vision for a new era of banking puts people front and centre — we’ve built a business that empowers everyone to aim high, every day, to move finance forward. Find out more about our fantastic offerings at Zopa.com! 


We’re incredibly proud of our achievements and none of it would be possible without the amazing team here. It’s not just industry awards we’re winning, we’ve also been named in the top three UK’s Most Loved Workplaces. 


If you embrace unconventional challenges, are unafraid to think differently and are driven to make an outsized impact, you’ll thrive here at Zopa, so join us, and make it count. Want to see us in action? Follow us on Instagram @zopalife


As part of Zopa’s exciting growth journey we are looking for a Head of 1st Line Compliance Advisory to join us. Reporting to our Senior Director of 1st Line Risk & Compliance, you’lllead a function that works across our product and Operations teams to ensure our products and services deliver good customer outcomes and operate in line with internal polices and external rules, requirements and regulations.

 

Your time will be split supporting our product teams to launch new products and features alongside overseeing ongoing operation of existing products.

 

If you’ve got a strong track record in balancing customer and risk considerations with a desire to get things done, then this role is for you!

A day in the life:

  • Advising product teams on customer & compliance considerations and helping them to identify solutions that deliver good outcomes for customers and meet internal and external policies and requirements.
  • Providing 1st Line oversight of the implementation and ongoing performance of controls to ensure Zopa’s products are operating in line with internal polices and external rules, requirements and regulations
  • Helping the business to manageRegulatory Change projects in response to new or amended regulations impacting Zopa 
  • Providing training and support to colleagues to ensure they are appropriately aware of their responsibilities as it relates to internal polices, external rules, requirements and regulations
  • Ensuring appropriate and required governance takes place within the product teams, including Regulatory Reporting, management information and governance reporting
  • Shaping the role and work of the 1st Line Compliance team, ensuring that appropriate processes, documentation and governance is in place across all areas of the team’s responsibilities 
  • Ensuring the application and ongoing monitoring of minimum standards and embedding of related policies as required by business and regulation changes, across area.

About you:

  • Excellent knowledge of the UK regulatory landscape, particularly FCA and broader consumer-focused regulation, as well as previousexperience in senior compliance within financial services, ideally within retail banking / consumer credit.
  • Strong coaching and mentoring skills, capable of building and managing the work of high-performing compliance teams
  • Excellent written and verbal communication skillsable to explain complex sets of rules / translate regulations into clear language to all levels of staff
  • You’re motivated by driving and facilitating change, delivering better outcomes for customers and the business.
  • ICA / industry qualifications helpful but not essential

#LI-LK1


Flexible working? Yes please!

 

At Zopa we value flexible ways of working. We understand the benefits of face-to-face collaboration and the importance of a good work-life balance. Our teams work in a hybrid manner, from our vibrant UK offices and the comfort of their own homes, at a frequency that suits the team and the work they do.

 

Not only that – you'll also have the option of working from abroad for up to 120 days a year!* But no matter where you are, we’ll make sure you’ve got everything you need to thrive, both in your work and home life, from day one.


*Subject to having the right to work in the country of choice


Diversity Statement


Zopa is proud to offer a workplace free from discrimination. Diversity of experience, perspectives, and backgrounds leads to better products for our customers and a unique company culture for our people. We are made up of nearly 50 nationalities, have a DE&I forum made up of Zopians wanting to make a difference and we are proud of our culture where everyone can bring their full self to work. Our approach to DE&I is reflected in our hiring process so please let us know if you require any reasonable adjustments. 

The Company
London
735 Employees
On-site Workplace
Year Founded: 2005

What We Do

We’re Zopa, and we want to make money work better for you. Our diverse team is united in their mission of creating simple, fair and honest financial products that have the customer’s needs at their heart. We’re proud that this dedication is reflected in our excellent rating on TrustPilot. We’ve always been unapologetically honest with our customers, and value the same in return. Their feedback helps us shape what we build, so we can provide a bank fit for today, and for the future. We’re not the new kids on the block though - we’ve been a pioneering force in finance for 16 years. In 2005, we built the first ever peer-to-peer (P2P) lending company, giving our customers access to loans built for real-life and intelligent investments backed by cutting-edge tech. In 2020, we launched Zopa Bank, meaning we could offer more – like fixed term savings backed by FSCS protection and a credit card to help customers take control of their finances. We’ve lent out over £6 billion and are proud to have made money work better for over half a million people across the UK, whether they were looking to borrow or save.

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