Part Time - Consumer Credit, Compliance Consultant, Senior Compliance Manager

Koyo ,
London, Greater London
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Overview

Job Description

Who we are The current system of credit, based on bureau data, is deeply unfair, penalising people who live in lower income areas, people who are new to the country or customers who have used high risk products in the past (such as payday loans). Koyo was founded in 2018, on the principle that everyone should have access to affordable credit regardless of where they are from, where they live, or types of credit that have used. Many seeking credit are charged excessive fees and interest rates for borrowing that cause financial problems, rather than solve them. Were changing all that. Koyo uses innovative technology to offer fairly priced credit to millions of UK customers. Were based in London, with global ambitions. Koyo is backed by leading venture capital funds (the same funds that backed the likes of Revolut, Transferwise and others) and some of the most reputable angel investors in the UK. Join us, and help put an end to predatory financial firms and be part of an exciting and rewarding journey. Our story so far In 2016, Thomas, the founder of Koyo moved to the UK and found accessing credit to be difficult if not impossible. This is because his credit history did not follow him from his home country. He realised that having an imperfect credit history affects millions of people who are new to the country, but also people who have failed to build a credit history in the UK more generally. In September 2018 we raised our first round of venture funding and have since raised further debt and equity funding from venture capital funds and private investors. What you'll be doing Compliance is integral to the success of Koyo Loans. You will work alongside our management team to identify and execute on a robust compliance strategy that revolves around treating customers fairly and in accordance with the various policies set out by the FCA. You will work on a number of compliance initiatives Koyo is pursuing including applying for new permissions to extend and enhance Koyo's business model. You will act a central point of expertise for the business. Koyos office is normally based in central London but is temporarily closed as a result of COVID-19. As such this will be a remote role to start. In the future you may be asked to come in to an office in central London. Requirements * 7-10 years of experience within consumer credit in a compliance function in an FCA regulated firm * Drive to deliver guidance that is both commercially sensible and in keeping with regulatory standards * Ability to prepare documents and applications in a format that is acceptable for the regulator * Analyse and interpret regulations to provide advice to the management team * Ability to recognise regulatory risks related to business decisions * Demonstrable interest in producing good customer outcomes * Familiarity with key regulatory sourcebooks (e.g. CONC, DISP and BCOBs) Benefits * Work with a rapidly growing startup with an innovative business model * Opportunity to shape the strategy and direction in a company with an important mission. * Working with bright ambitious people who take pride in what they do * Work with one of the most exciting new FinTech companies of 2020

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