Compliance & Risk monitoring officer

Compliance & Risk Monitoring Officer

Location: Based in our Dalston office with flexibility to WFH

Reporting to: Head of Compliance

Contract: Permanent, full-time

Salary: £35,000 per annum

About Fair Finance

Fair Finance is a social business with a mission to revolutionise finance and make it more inclusive, starting with the people others have left behind.

For nearly 20 years we have worked with hundreds of thousands of customers to help them access affordable credit, manage their finances, avoid eviction or start businesses. Our work has influenced Government policy, credit legislation and shown how Purpose and Profit can work together to change the financial system for the better.

About the role

The primary role is to provide oversight and assurance that the organisation is meeting its regulatory obligations and mitigating risks by conducting compliance monitoring reviews.

In addition, the job holder will be expected to provide cover for the other members of the Compliance Team when required and assist in the wider management of risk within the organisation. Full training will be provided to develop the jobholder’s wider compliance skills and knowledge, as required.

Key Responsibilities

Compliance Monitoring:

• Perform compliance monitoring reviews to ensure adherence to regulatory requirements and internal policies.
• Develop and maintain the compliance monitoring methodology.
• Analyse management information (MI) to identify areas for review.

Risk Management:

• Perform risk assessments and maintain the risk dashboard.

Reporting:

• Prepare and present reports on monitoring findings to relevant boards and sub-committees.
• Provide recommendations to improve compliance and mitigate risks.

Stakeholder Engagement:

• Build effective relationships with stakeholders at all levels.

Continuous Improvement:

• Continuously develop and improve the monitoring approach, including the effective use of data.
• Support the review and update of compliance policies and procedures.

Skills and Experience

Experience:

• Minimum of 5 years in a compliance role, with at least 3 years in compliance monitoring or audit role within a FCA regulated lender.
• Experience of monitoring of scorecards.
• Preference for someone who has knowledge and practical experience of risk management frameworks.

Knowledge:

• Strong understanding of regulatory principles, rules, and best practices (e.g., FCA, PRA).

Skills:

• Excellent analytical and problem-solving skills.
• Strong communication and influencing abilities.
• Ability to manage and improve compliance monitoring plans.

Key Result Areas:

• Delivery of compliance monitoring reviews to time and quality standards.
• Effective communication of findings and recommendations, both in writing and verbally.
• Continuous improvement in compliance monitoring practices.

This job description may be amended from time to time to reflect the changing needs of the business.

Why work for Fair Finance?

• Fair Finance is a social business with ambitious plans.
• Over the last eighteen years Fair Finance has helped over a hundred thousand people escape the clutches of high-cost money lenders, start businesses or avoid eviction.
• Our work has helped influence Government policy and legislation.
• We have demonstrated how purpose and profit can work together to change the financial system for the better.
• We believe in employing, growing and building around exceptional people who share our values.
• We have created an environment where you can genuinely put clients before profits and make a difference to our clients’ lives.
• We will provide you with a supportive workplace surrounded by peers who want you to do well, with responsibility to make a real difference in the organisation and the opportunity to thrive and make the role your own.
• We are a diverse organisation full of people who understand the balance between achieving business objectives and our social mission.
• Our Head Office is in a shared workspace in Dalston, housing more than 300 creative businesses, social enterprises and charities.
• Hybrid working and work practice flexibility is offered.

Employee Benefits

• Annual holiday entitlement of 20 days in addition to UK public holidays.
• An additional paid day off for your birthday.
• Staff receive an additional 'WFH Allowance' to allow even greater location flexibility.
• Private Health Insurance.
• Perkbox access for a wide range of discounts.
• Employee Assistance Programme (EAP).
• Staff Loan Scheme (currently interest free).
• 3% matching contribution towards a stakeholder pension.

The closing date for applications is Wednesday 28 th August (11:59pm), and First Stage interviews will be held on the 1 st of September 2025.