Head of Compliance

Griffin Bank Ltd • TRAFFIC • Remote (London, Not Specified, United Kingdom) • 6h ago

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 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

Our vision is of risk and compliance teams that are an integral part of the business - somewhere our colleagues go to for expert and pragmatic advice. These functions are fundamental to the success of our business and we aim to be thought leaders in the space.

We're early on our journey of building this function to meet our aspirations. Success in this role means taking a key role in that build process, while having complete ownership of all matters relating to compliance at Griffin. You'll develop close working relationships with the risk team and the business' other functions, particularly Operations, Product and Commercial.

Who are you?

We'd love to hear from you if you have most of the following:

A deep knowledge of all major aspects of regulation that affect us. Knowledge in safeguarding requirements, DISP, PSD and B/COBS is essential.
Experience in most of the following regulatory areas: conflicts of interest, consumer duty, conduct, payments, cards, complaints handling, financial promotions, SM&CR, product governance and remuneration.
Experience of working for or closely with a regulatory body
Experience working for, or with, a bank in the UK.
Comfort with solo execution - we're a small team so you'll need to be happy rolling up your sleeves.
Comfort with managing people.
A love for 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 )
Comfort picking up new software tools for document drafting, collaboration and communication. This is because we're hybrid-remote and most of your colleagues will not share an office with you on a day-to-day basis.

N.B. We're able to sponsor Skilled Workers for this role.

What will you be doing here?

As the Head of Compliance at Griffin, you will

Oversee the non-financial risks assignment to them in the risk management framework.
Support the business to develop effective internal controls, to manage compliance risks, and to embed a culture which places appropriate emphasis on compliance with regulations.
Provide proportionate and independent advice to the first line as needed.
Develop and maintain the compliance framework, including all compliance second line policies, procedures and processes which include, but are not limited to: conflicts of interest, gifts and hospitality, SMCR, whistleblowing and compliance training.
Perform horizon scanning regularly and report them to the governance committees and risk owners, making sure we comply with new regulation.
Oversee the embedding of Consumer Duty regulations to make sure we continue to deliver good customer outcomes.
Maintain a proactive, constructive, open dialogue with all relevant regulatory bodies.
Work with our internal auditors and the remaining second line in a transparent and collaborative manner.
Work with our product team so that all compliance considerations for new and existing products and services are identified and appropriately managed.
Prepare MI packs to governance bodies, improving those as needed.
Keep the RCSA for their area up to date.
Provide subject matter expertise to the assurance team as needed.
Deputise for the CRO as needed.

You'll report to the Chief Risk Officer.

As this role is caught by the Certification Regime, the role holder must adhere to the FCA's Fitness and Propriety Requirements.

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 + winter break (we close in between Christmas and New Year) + bank holidays
Remote-first flexibility - work from anywhere in the UK
Support with home office setup
Share options - so you own a piece of what we're building
1:1 coaching and therapy through Oliva
Auto-enrolment into company pension scheme with Penfold
Enhanced parental leave with up to 6 months at full pay
Private medical insurance and life insurance (provided by Vitality and AIG respectively)

As a bank, we're committed to maintaining the highest standards of security. This means that the successful candidate will need to complete background screening, and our offer will be conditional upon satisfactory review of these checks. This would include verification of right to work, criminal record, credit history, social media and professional reference checks.

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 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.

Griffin Bank Ltd request that recruitment agencies do not speculatively submit CVs to any employee or associate of our company unless explicitly asked to do so by a member of our Talent team. Any CVs sent to any member of our team on a speculative basis will not be recognised and we will not accept liability for any fee or commission should we subsequently employ a candidate who applied to us directly or was introduced by an instructed agency that may also have been submitted speculatively by an uninstructed agency.

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