Senior Compliance Manager - 2LOD Assurance

Job description

About Allica Bank Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers. Department Description Compliance is Allica Bank's second line function for regulatory challenge, oversight and assurance. The team helps the Bank grow safely by providing clear standards, independent judgement and evidence-based insight over the risks that matter most to customers, regulators and the business. This is a new senior role leading a dedicated 2LOD assurance capability across financial crime, conduct, compliance and operational risk. The role will build the assurance model, lead the team and give the CCO a reliable view of whether key risks are understood, controlled, evidenced and escalated. Role Description Lead the design, build and delivery of Allica's 2LOD assurance programme on Financial Crime, Conduct, Compliance and Operational Risk moving the function beyond duplicative 1LOD control re-testing and towards risk-based, process-led and outcome-led assurance. Develop and run a data-led compliance monitoring model that uses business, customer, operational, risk and control data to identify emerging risks, inform assurance priorities and support targeted testing. Provide independent assurance to the CCO, and onward to ExCo and Board, on whether financial crime, conduct, compliance and operational risks are properly identified, controlled, monitored and remediated. Lead and develop the assurance team, setting clear standards for planning, scoping, testing, evidence, reporting, issue grading and closure validation. Principal Accountabilities Build and maintain the annual 2LOD Assurance Plan, ensuring coverage is risk-based, dynamic and aligned to regulatory priorities, customer harm indicators, risk appetite, incidents, breaches, complaints, Internal Audit findings and material business change. Create and maintain the assurance methodology, including standards for assurance universe mapping, scoping, sampling, test matrices, evidence, workpapers, finding grading, root-cause analysis, reporting and action closure validatio…