Compliance Manager

LHV Bank, a fully licensed UK bank, specialises in Banking Services for global fintechs and SME Lending solutions for UK businesses. The SME Lending division offers commercial real estate investment loans and trading loans from £0.5m to small and medium-sized businesses in the UK.

As a leading Banking Services provider, LHV Bank delivers a wide range of services, including real-time multi-currency payments, accounts, acquiring, indirect scheme access, open banking, and FX solutions. Over 200 renowned fintech companies, such as Airwallex, Currencycloud, Truelayer, and Wise, utilise LHV Bank to serve more than 10 million end customers and access a pool of 500 million potential customers across the UK and Europe.

LHV Bank gained its UK banking licence in May 2023 and launched into the retail savings market through deposit aggregators in August 2023. It is in the process of developing its direct to customer retail banking proposition for launch in 2024. More information: lhv.com

About the Role: As a Compliance Manager at LHV Bank, you will play a crucial role in shaping the compliance landscape of a dynamic and growing financial institution. Reporting directly to the Chief Compliance Officer (CCO), you will work closely with AML/Fraud and Compliance Monitoring teams to develop and implement a robust compliance agenda. Your expertise will be pivotal in guiding the business through regulatory changes, ensuring compliance with UK industry standards, and embedding a strong compliance culture across the organisation.

Key Responsibilities:

• Lead regulatory horizon scanning and provide risk-based analysis to guide LHV Bank’s strategic decisions.
• Drive regulatory change projects and deliver clear progress reporting to senior management.
• Champion the bank’s approach to Consumer Duty, providing constructive challenge and ensuring compliance.
• Coordinate compliance activities, support the CCO, and ensure clear communication of compliance objectives across the organization.
• Provide day-to-day compliance guidance to business units, develop relevant UK policies, and maintain compliance frameworks.
• Oversee compliance training, ensuring it is tailored to LHV Bank’s UK operations and effectively monitored.
• Develop and deliver insightful compliance reporting to Executive and Board committees.
• Support the business in meeting regulatory requirements, including managing the Management Responsibilities Map (MRM) and contributing to AML and Fraud investigations.

What We’re Looking For:

• Extensive 2^nd Line of Defense experience in retail and/or corporate banking compliance, with a deep understanding of relevant FCA and PRA rules.
• Strong background in policy and procedure writing, with a focus on best practice compliance and risk management frameworks.
• Experience in a challenger or start-up environment is preferred, with a proven ability to deliver clear, technology-driven reporting.
• Expertise in payment services or retail banking.
• A proactive approach to developing compliance systems, fostering a culture of compliance, and providing constructive solutions to emerging issues.

Why Join Us? This is a unique opportunity to join a forward-thinking bank at a pivotal time in its growth. You will have the chance to make a significant impact on our compliance strategy, working in a fast-paced environment that values innovation, collaboration, and professional development.

Ready to Make a Difference? If you are a compliance professional looking to take the next step in your career with a dynamic and growing bank, we encourage you to apply.

This role may occasionally require you to travel and work in our overseas offices.

Key relevant business/regulation:

• Payment Services, especially banking as a service business models.
• Merchant Acquiring and card issuing, including payment scheme rules.
• Provision of safeguarding accounts.
• Commercial lending, including unregulated secured loans via broker distribution.
• Retail deposit-taking, including via deposit aggregators and depositor protection rules.
• Consumer lending.
• Conduct risk and emerging knowledge of consumer duty.

Some of our benefits

•    Competitive salary & progression
•    Open and inclusive culture 
•    Hybrid working 
•    Fantastic offices and great working environment
•    Vitality Health Plan (includes private health insurance, travel insurance, gym discounts)
•    Medicash health plan (Level 3)
•    5% employer pension contribution
•    Life assurance
•    Income protection insurance
•    28 days holiday plus 3 additional days, bank holidays & further days for various key life events
•    Team socials