Compliance Manager (6 month FTC)

About Griffin

Hi, we’re Griffin! We’re the bank for companies who want to build and launch financial products.

Our context

We're rapidly heading towards a future where most of us access financial services through technology companies rather than high street banks. All sorts of companies are now embedding financial products into their apps and user journeys so that their customers can seamlessly make payments, manage expenses, take out loans, save, invest, and do more.

The problem is that companies are still dependent on legacy banking infrastructure if they want to offer regulated financial products. They need to either partner directly with an (slow-moving, risk-averse) incumbent bank and/or stitch together middleware from various Banking as a Service (BaaS) providers. This process is slow, expensive, and complex and makes it very hard for companies to get new financial products off the ground.

At Griffin, we want to change this.

Our purpose

We want to make it easy for companies to bring finance to their customers at the point of greatest relevance. So, we built a bank.

But not just any bank! Griffin is a technology platform and a bank: fully regulated, API-first, developer-centric, and purpose-built to serve innovative fintechs and brands who want to build and embed financial products.

Learn more about what we do.

Our culture

Our culture is our most important asset, and one of the ways we safeguard it is by being extremely intentional about hiring the right people. We won't hire people who don’t seem like a strong fit for our core values, even if they're otherwise extremely qualified.

We also believe that smart, motivated, conscientious people thrive in high-trust, high-autonomy environments. That’s why we’re transparent by default, and we encourage open discussion and challenge across all levels of the organisation. We’re also remote-first, asynchronous, and fully flexible - because you're the expert on how and when you do your best work.

Learn more about our culture.

The Risk and Compliance team

Since we launched, we have been working to build a second line that is a highly respected and integrated part of the business and somewhere our colleagues go to for expert and pragmatic advice, while remaining independent from the first line.

Our aim is no less than to be the best in class. We are not putting patches on legacy frameworks, we're laying the foundations of the future of global financial infrastructure.

Who are you?

The ideal candidate for this job will have most of the following:

Experience

• Knowledge of the UK’s financial services regulatory framework.
• Experience of working for or closely with a regulatory body (FCA, PRA, Bank of England, FSA, HMT or Financial Ombudsman).
• Experience in working within financial services in the UK (ideally within the EMI/PI, fintech and/or a challenger bank spaces), or in a fintech, or in a professional services firm.
• Experience in implementing and overseeing Consumer Duty and most of the following regulatory areas: conduct, payments, data protection, SM&CR, product governance.
• Experience in either operational risk and assurance is highly desirable.

Qualities

• Pragmatic and collaborative mindset, with an interest in working closely with all other parts of the business to embed a strong three lines of defence model.
• We are a new bank so it is imperative that you are comfortable in going outside your comfort zone. This means that you may be asked to do other second line related activities as required.
• We’re hybrid-remote, and most of your colleagues will not share an office with you on a day-to-day basis. This means you should also have:
• Comfort with solo execution and managing people remotely - we're a small team so you'll need to be happy rolling up your sleeves and help more junior colleagues to succeed.
• A high degree of comfort adopting new software tools for document drafting, collaboration and communication.
• You love writing - we have a lot of documents to draft and we place a high degree of importance on clarity and readability (read more about how we write).

What will you be doing here?

As Compliance Manager, you will:

• Act as subject matter expert, providing independent guidance to the first line and oversight of conduct risk, regulatory compliance and product.
• Carry out second line assurance reviews.
• Support SMCR processes.
• Monitor conflict of interest, gifts and hospitality and other compliance activities.
• Identify new laws and regulations applicable to the bank.
• Writing ToRs, risk management policies and standards, and other governance documents to to be implemented by the first line.
• Prepare and improve MI packs to various committees.
• Oversee the embedding of Consumer Duty across the business.

What can we offer you?

We are an early stage startup and we're working hard to expand our benefits package. We're planning to add to this list in the future.

• 25 days off a year (pro rata) + bank holidays and winter break closure
• Flexible, remote-friendly working - including supporting home office setup
• Auto-enrolment into company pension scheme
• Coaching and therapy via our wellbeing partnership with Oliva
• Access to a global network of co-working spaces via Desana

This role will have an annual salary of £65,000 - £80,000 (pro rata), depending on experience.

How do I apply?

Are we your next move? Apply via the link below, if there's a match our Talent team will reach out to schedule an initial conversation and talk you through our what happens next.

We’re remote-first

We have a small London office in Moorgate, but we are comfortable hiring people to work from anywhere in the UK. About a third of the company is based within occasional commuting distance of London, the rest are full-time remote.

Under representation

Our goal is for Griffin to proportionally represent the diversity of the working population in society. We’re working to ensure that Griffin is a supportive, empowering and inclusive environment for every member of our team — whatever your combination of race, ethnicity, gender, age, sexual orientation, physical ability, nationality, neurodiversity, and religious beliefs. If you’re part of a group that is under-represented in fintech, we’d love to hear from you