Compliance Manager

At SilverRock, we are building a new bank. Our vision is to “Pioneer fairer financial outcomes by empowering lenders to deliver and enabling savers to prosper.” We are doing this by building a unique and highly scalable data driven multi-asset bank through a partnership of ecosystems, specialising in the delivery of forward flow partnerships and portfolio acquisitions from non-bank lenders, alongside our own brand deposits. Purpose of Role: As a Compliance Manager, you'll play a crucial role within our leadership team, overseeing compliance and financial crime both internally and with our outsourced partners. This position is pivotal in ensuring that our operations align with regulatory requirements and support our strategic goals. Key Accountabilities: Compliance Framework: Develop, and implement our Compliance Framework Collaboration: Work closely with various departments, including 1st line, 3rd line, CEO, Monitoring Programme: Implementing and maintaining a risk-based compliance monitoring programme Strategic Engagement: Participate in strategic discussions, including product development, to ensure compliance supports key business decisions Training & Reporting: Develop and deliver staff training on compliance issues and create Management Information (MI) for compliance reporting to the Board’s Risk Committee. Regulatory Development: Horizon scan for new regulatory developments and ensure their implementation RegTech Utilisation: Apply RegTech solutions where applicable to streamline processes and enhance the value of compliance tasks Support the regulatory strategy including communications with the Regulator and authorities Support the evolution of the Bank’s financial crime framework, developing policies and procedures and maintaining systems and controls sufficient to protect the Bank and customers Capability to deputise for the Head of Compliance/ MLRO in their absence Key Required Skills: Expertise Required: Financial Services Regulatory Compliance (ideally in banking) Financial Crime Corporate Governance Conduct Risk including a good understanding of the Consumer Duty, responsible lending, treatment of customers in arrears and vulnerability UK Banking Regulation Implementation of Regulatory Change Familiarity With: Products related to SilverRock business (SME Loans, Unsecured Loans. Mortgages, Retail Deposit Taking) Financial crime legislation and regulation (ML Regulations, JMLSG and FCA) Start-Up Business Design and Implementation Some Experience in: Business Strategy and Partnership Innovation/Product Development IT and Operational Risk Credit and Liquidity Risk Material Outsourcing Operations and Internal Audit Data Protection Qualifications: Relevant industry qualifications such as ICA, ACAMS are advantageous Proposed Start Date: November Interview Process Stage 1 – Deep dive into experience, competency based questions with our Head of Compliance (virtual) Stage 2 – Culture, collaboration and communication with our CRO (in person) Benefits Lifestyle and family friendly policies Health Insurance for you and your spouse 28 days Holiday Entitlement (plus bank holidays) Life Insurance Pension Contribution