Compliance Business Partner - Second Charge Mortgages

The UK second charge mortgage market is large, growing, and has seen little of the innovation that has transformed other areas of consumer finance. Lendable is building a new Second Charge Mortgage product with the ambition to change that - bringing the tech-first approach and smooth customer experience that has made us a leader in unsecured lending into a market that has traditionally been slow and process-heavy.

We’re looking for a Compliance Business Partner with in-depth knowledge of the Mortgage Conduct of Business (MCOB) rules, experience advising on regulatory requirements for mortgage lenders and brokers.

The Compliance team ensures the company adheres to regulatory standards and internal policies and procedures. Through their advisory support and monitoring activity, the Compliance team collaborates with all areas of the business to ensure that our operations are in line with regulatory expectations and delivering good outcomes for our customers.

There’s a lot to do, from providing compliance advice to the business, to fostering a culture of compliance awareness and customer centricity within the firm.

What you’ll be doing

• Provide compliance advice on strategic and regulatory projects, assisting the business in achieving its Objectives and Key Results (OKRs).

• Review and approve (where necessary) essential business documentation and requests, including:

  • Customer communications

  • Financial promotions

  • Training materials

  • Policies and procedures

  • Due diligence questionnaires

  • Access and permissions

• Assist with the implementation of actions arising from compliance monitoring and/or audit reviews.

• Monitor regulatory changes, conduct gap analysis, and inform the business on significant changes and required actions.

• Represent the compliance function in key internal forums and meetings and external sessions when needed.

• Aid the business in understanding regulatory risks and designing appropriate controls.

• Prepare and present reports on key compliance matters.

What we’re looking for

The must-haves:

• Minimum of two years experience in a senior compliance, audit or risk role relating to second charge mortgages (e.g. specialist lender, bank, regulator)

• Minimum of five years experience working in financial services in a compliance role (preferably an advisory role)

• Experience of working with mortgage brokers, and knowledge of the FCA regulations applicable to them

• Excellent written and verbal communication skills

• In-depth knowledge of the FCA Handbook, including the Consumer Duty, MCOBS, PRIN and DISP

Nice-to-haves:

• Bachelor’s degree or equivalent qualification

• CeMAP / ICA Advanced Certificate or Diploma

• People management experience

Interview process

• Intro call: A quick chat with a member of the Talent team to discuss your background and the role.

• Cognitive Assessment: A 15 minute online assessment

• Virtual 30 minute interview with our Head of Compliance

• Case Study: A take-home case study assessment to complete in your own time

• Onsite Interview with one of our Product MDs and Chief Risk Officer