Risk & Compliance Officer (2LoD)

About Us

Onmo believes that everyone has the right to access, understand and manage their money with confidence. Our ambition is to improve lives by providing better clarity, intelligence and technology to empower every individual in making the smartest financial decisions. We may be young, but we have an incredible team in place and big ambitions for the years ahead.

We design our products to help demystify money matters wherever possible, providing customers with more financial control and flexibility in their lives. This helps them get more from what they have, or with smart decisions, make more of the same. It also means people spend less time with the negative aspects of money and more on the positive - enjoying what the world has to offer.

About the Role

We are seeking a highly motivated Risk and Compliance Officer to join our 2nd Line of Defence (2LoD) team. This is a pivotal role supporting both the Head of Compliance and the Senior Risk Manager in overseeing regulatory compliance and operational risk across the business. You will play a key role in ensuring Onmo maintains a strong risk and control environment while embedding a culture of compliance and good conduct.

Responsibilities

Compliance Support:

• Assist in monitoring regulatory developments (FCA, PRA, and other relevant bodies) and support horizon scanning activities.
• Support the Head of Compliance with periodic compliance monitoring and thematic reviews.
• Maintain and update compliance policies, procedures, and registers (e.g., breaches, gifts & hospitality, conflicts of interest).
• Assist in coordinating regulatory reporting, information requests, and audits.
• Help deliver compliance training and awareness sessions to business teams
• Support SMCR-related activities, including maintaining accurate records.

Risk & Control Support:

• Work with the Risk and Control Manager to maintain and update the Risk & Control Self-Assessment (RCSA) framework.
• Assist in risk incident logging, tracking, and reporting.
• Help monitor key risk indicators (KRIs) and prepare risk dashboards for management reporting.
• Support the assessment and documentation of internal controls, including control testing.
• Contribute to risk event root cause analysis and remediation tracking.
• Assist in preparing materials for the Risk and Compliance Committee.

General:

• Support continuous improvement initiatives in risk and compliance processes.
• Liaise with 1st Line business teams to provide guidance and support on risk and compliance matters.
• Build strong working relationships with key stakeholders across the business.

FCA Compliance & Consumer Duty:

At Onmo we all take collective responsibility for our individual roles in creating the best outcomes for our customers. In this role that involves:

• Conduct training and awareness sessions across the business to ensure staff understand their roles in upholding FCA standards and delivering good customer outcomes under the Consumer Duty
• Collaborate with internal teams (e.g., Product, Commercial, Operations) to ensure customer interactions support good outcomes and are aligned with regulatory expectations.
• Support product governance and risk assessments to products consumer duty requirements
• Carry out regular compliance reviews to identify gaps, recommend corrective actions, and track remediation through to completion.
• Following the FCA Conduct Rules:

1. You must act with integrity
2. You must act with due skill, care and diligence
3. You must be open and cooperative with the FCA, PRA and other regulators
4. You must pay due regard to the interests of customers and treat them fairly
5. You must observe proper standards of market conduct

About You

Skills & Experience

• 1–3 years’ experience in a risk, compliance, or internal controls role within financial services, preferably in a fintech or payments environment.
• Working knowledge of FCA regulations (CONC, SYSC, SMCR) and good conduct practices.
• Understanding of operational risk management frameworks (RCSA, incident management, control testing).
• Excellent attention to detail with strong organisational skills.
• Strong communication skills and ability to work collaboratively with cross-functional teams.
• Proficient in Microsoft Office (Excel, PowerPoint, Word); experience with risk management tools is a plus.
• Self-starter with a proactive and positive attitude.

Desirable Sklls

• Progress towards (or interest in) a relevant qualification (e.g., ICA Certificate in Compliance/Risk, IRM, or equivalent).
• Previous experience supporting compliance monitoring plans or control assurance activities.