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Allica Bank, the UK's fastest-growing fintech firm, is seeking a Regulatory Compliance Manager to join its Compliance and Conduct team. This role provides independent second-line oversight of the bank's regulatory compliance risk, reporting to the Senior Manager Compliance and Conduct and ultimately to the Chief Compliance Officer (SMF16).
Key responsibilities include maintaining and developing the regulatory compliance framework, obligations inventory, and regulatory change processes. You will provide independent 2LOD advice and challenge over the bank's compliance with FCA, PSR, FSCS, and other relevant regulatory obligations, including PRA requirements in conjunction with 2LOD Financial Risk teams.
The role encompasses regulatory compliance framework development, obligations mapping, rule interpretation, regulatory change management, compliance advice and challenge, regulatory reporting oversight, breach and notification management, and SMCR governance support. You will support 1LOD on perimeter and permissions assessments for new products, business changes, partnerships, and customer segments. Additionally, you will oversee regulatory breach management, including materiality assessment, root-cause challenge, remediation tracking, and notification consideration.
You will maintain compliance policies and standards, provide 2LOD oversight of FSCS/depositor protection obligations, and produce actionable compliance MI for senior management, ExCo, and Board committees. The role also involves supporting HR on SMCR, FIT, and accountability governance, and maintaining oversight of other regulatory compliance requirements as needed.
The split of accountabilities will be determined by your experience level—you do not need expertise in all areas but must be able to take responsibility for several key accountabilities. This is an ideal opportunity for an experienced compliance professional to shape regulatory frameworks at a rapidly growing fintech serving SME customers.
