Compliance Executive

About Admiral Money

Admiral Money is an exciting, new division of Admiral Group. We have the freedom and innovation of a small start up with the security of a large parent company, Admiral. 

The journey started when we launched unsecured personal loans in June 2017. We went on to be the first direct to consumer car finance provider in December 2017. Since then, we have gone from strength to strength and have some exciting plans for the future.

We’re looking for people who are keen to learn, excited about getting stuck in and are ready for a challenge to help us to achieve our aim of creating a special lending business for our customers.

Responsibilities 

• To identify, communicate and advise on changes in FCA and other associated regulatory and legislative requirements, so that the business meets regulatory and associated industry standards.
• To contribute to the development of departmental procedures and compliance controls through regular reviews and updates including approval of relevant procedures, to ensure standards are in accordance with regulations and associated legislation.
• Provide review and approval of financial promotions for the loans business, ensuring compliance with Consumer Credit regulations and CONC.
• Handle any Compliance queries that are generated by the organisation in a timely and accurate fashion.
• To provide compliance input into Group developments, including product launches, distribution and systems developments, to pre-empt any changes to regulations and legislation to enable the business to react quickly and effectively.
• Where directed review requirements of the FCA handbook, news articles and relevant CP and PS’s summarising them/preparing a relevant report or bringing them to the attention of the Compliance Manager as necessary.
• Contribute to delivery of the Annual Compliance Monitoring Plan
• Continually improve Compliance Review systems and processes
• Reporting to management on levels of Compliance Assurance and/or any issues arising from specific monitoring activity

Requirements

• Experience in a Compliance role, including performing Monitoring reviews
• Sound knowledge of FCA & CCA regulation, including financial promotion approval
• Strong analytical skills
• Able to identify poor customer outcomes and make appropriate recommendations to drive change
• Knowledge of Consumer Duty requirements

If you've got 3 of the 5 skills we're looking for, we still want to hear from you!

Desirable

• Experience in Data Protection and knowledge of GDPR
• Experience within car finance market and personal loans 
• Knowledge of other lending and insurance products

Salary, Benefits and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to Work For in the UK.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits here

Our Commitment to You

At Admiral, we are committed to being a diverse and inclusive workplace. Admiral is proud to be an equal opportunities employer and does not discriminate on the basis of race, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), national origin, gender, gender identity, sexual orientation, disability, age, or any other legally protected status.

All qualified applicants will receive equal consideration for employment.

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