Senior Compliance Monitoring Officer in Kensington

When we started Kensington we were the first specialist lender to offer mortgages to people the high street turned down.

Over 25 years later, we're the UK's leading specialist mortgage lender still blazing a trail offering people the chance to get a mortgage.

Where high street lenders see black and white, we've always used our expertise and manual underwriting capability to see the shades in between.

In a market where changing lifestyles mean more people are falling outside the traditional mortgage criteria, it's an approach that can make a real difference to people who want to own a property.

It's what we call the Kensington Difference.

Kensington Mortgage Company is a wholly owned subsidiary of Barclays Bank UK PLC from 1 March 2023, and the principal activity of the Company is the origination and servicing of mortgage assets.

The Company is authorised by the Financial Conduct Authority for regulated activities.

Overall Purpose of Job

The role of the Senior Compliance Monitoring Officer is to ensure that Kensington complies with all relevant legislation, regulations, policies and codes of conduct through appropriate control systems in order to minimise and mitigate risks to the business.

The role is to assist the the Compliance Monitoring Manager in designing, implementing and delivering the Kensington Compliance Monitoring Plan.

You will need to be able to continually identify areas of emerging risk ensuring that these are incorporated into the Kensington Compliance Monitoring Plan.

To assess the effectiveness of the internal control framework for compliance with regulatory requirements ensuring appropriate and timely action is taken to address deficiencies.

To co-ordinate the Compliance Monitoring teams monthly assurance, notifying the business on any areas for improvement and providing reports to senior management.

Key Accountabilities

• To proactively manage own workload ensuring the objectives of the Kensington Compliance Plan are delivered in a timely manner.
• To keep abreast of emerging risks, both internally and externally, ensuring that appropriate action is taken to accommodate effective management of risk and amendments to the Kensington Compliance Plan.
• To develop relationships with business owners and provide guidance on the effectiveness of risk management controls and the appropriateness of remedial action.
• To prepare monitoring programs, ensuring that tests verify the effectiveness of internal controls and Kensington's compliance with regulatory requirements.
• To assess the appropriateness of responses from stakeholders to determine if issues have been resolved appropriately and ensuring timely validation work is scheduled.
• To register all findings from the reviews on the risk management system including relevant evidence and when completed, the rationale for closure.
• To assist the Compliance Monitoring Manager with the training and supervision of compliance monitoring staff and to deputise in the managers absence.
• To complete quality assurance on the work carried out by the Compliance Monitoring Officers providing appropriate feedback.
• To maintain up to date knowledge of regulatory requirements and the business.
• To support the Compliance Monitoring Manager to ensure that record retention requirements and schedules are adhered to.
• To manage and undertake the monthly assurance sampling by identifying, reviewing and reporting on areas of high risk.
• To produce reports for the Senior Management Team including progress against the Monitoring Plan and action closure.
• To assist the Compliance Management Team with any reasonable requests in order to discharge the duties of the department.

Experience, Knowledge, Skills

• Understanding of relevant legislation, regulations, policies and codes governing the mortgage and secured loans industry
• Relevant compliance/regulatory experience in the financial services sector preferably including interpretation of regulation within the mortgage industry
• Highest levels of honesty, integrity and embraces the philosophy of treating customers fairly
• Strong sense of accountability reflected in a willingness to take responsibility for tasks and the ability see tasks through to completion.
• Strong team player who has a positive attitude and works collaboratively with others

Qualifications, Experience, Knowledge, Skills

• A Compliance professional preferably educated to degree standard (desirable)
• Relevant industry qualifications an advantage

Our employees are critical to our success.

We work hard to ensure that Kensington Mortgages is a great place to work.

We recognise the difference it makes to our business when people challenge themselves and take advantage of the development opportunities available so we try and support everyone however we can.

We also recognise the fact that people seek work life balance and continuously develop our benefits offering to create an inclusive and supportive culture where differences that exist between us all are recognised, understood and valued

If you want to make a Difference, apply now.