Compliance Monitoring Analyst

at  Orange Recruitment

At 118 118 Money, we help people every day. Our innovative personal loans and revolutionary credit cards have been game changers in the UK financial services space, giving folks access to the affordable credit that we believe they deserve. Our customers are at the heart of everything we do and we are continually looking for ways to do things better — that’s where you come in!
Based in our central Cardiff office, with hybrid working available, this is an exciting and challenging position for a highly motivated, customer focused and confident individual who is looking to be part of a fast growing financial services business.

JOB PURPOSE:

The main objective of the Compliance Monitoring Analyst is to support all aspects of ‘second line of defence’ compliance including thematic review work, compliance monitoring and interfacing with the business.

WHAT YOU’LL BE DOING

• You will play a supporting role in the day-to-day running of the Compliance Quality Assurance function in the Compliance Monitoring Team.
• Carrying out required monitoring reviews within scheduled timescales.
• Producing high quality monitoring reports, suggesting remedial action where required and tracking issues to closure.
• Producing monthly QA MI for the Head of Compliance to review on an on-going basis.
• Providing constructive feedback development points to other business functions to drive a positive compliance culture whilst adhering to regulatory and company guidelines.
• Maintaining detailed knowledge of regulatory requirements from loan or card application stage to account closure focusing on process improvement and monitoring.
• Keeping up-to-date with industry developments in consumer credit.