Regatory Compliance Manager

• Maintain and develop the Bank's regulatory compliance framework, including taxonomy, risk appetite, KRIs, policy standards, obligations mapping, Horizon Scanning, escalation routes, and governance reporting.
• Maintain the regulatory obligations inventory and map applicable requirements to accountable owners, policies, controls, MI, assurance, and evidence.
• Provide 2LOD advice and challenge on FCA/PRA Handbook requirements, permissions, perimeter, regulatory change, SMCR, regulatory reporting, breaches, notifications, and regulatory engagement.
• Support 1LOD on perimeter and permissions assessments for new products, business changes, partnerships, customer segments, distribution models, countries of operation, and structural changes.
• Own or support regulatory change and horizon scanning, including impact assessment, gap analysis, implementation oversight, and reporting to governance forums.
• Review and challenge new product papers, including product compliance checklists, financial promotions, product information, and any rule applicability.
• Oversee the regulatory reporting governance requirements, including defined ownership, processes, controls, data lineage, sign-off, timeliness, and breach escalation. Regulatory reporting returns are owned by relevant teams – this is an oversight responsibility in 2LOD.
• Oversee regulatory breach management, including materiality assessment, root-cause challenge, remediation tracking, notification consideration, and closure evidence.
• Support with regulatory engagement and commitments, including supervisory correspondence, information requests, regulatory meetings, Dear CEO/portfolio letters (as part of Horizon Scanning), and the reporting for senior management updates.
• Maintain compliance policies, standards, practical 1LOD guidance, and regulatory training, including targeted guidance on financial promotions/social media, and relevant regulatory requirements.
• Support HR on SMCR, FIT, and accountability governance.
• Provide 2LOD oversight of FSCS/depositor protection obligations, including disclosure, eligibility, Single Customer View, exclusions view, and testing evidence.
• Produce clear, actionable compliance MI for senior management, ExCo, Board committees, and relevant governance forums.
• Maintain oversight of any other regulatory compliance requirements as required.

Personal Attributes & Experience

• Strong UK banking regulatory compliance experience, ideally in a dual-regulated bank, building society, SME lender, payment services environment, or comparable regulated financial services business.
• Detailed working knowledge of FCA and PRA expectations relevant to a UK business bank, including SYSC, SUP, PRIN, BCOBS, FIT, PERG, SMCR, regulatory reporting, payments regulation, and FSCS/depositor protection. PROD/ESG knowledge is desirable where applicable to the Bank's product set.
• Ability to interpret regulatory requirements and translate them into practical controls, evidence standards, committee papers, and business guidance.
• Data-led and evidence-led: comfortable using MI, KRIs, breach data, monitoring outputs, and audit findings to identify trends and drive remediation.
• Must be comfortable using analytics and using and building AI-enabled tools safely and pragmatically, with appropriate attention to data quality, governance, explainability, validation, and human judgement.
• Experience building or maintaining an obligations inventory, regulatory change process, compliance monitoring plan, breach/notification process, and senior governance MI.
• Strong written and verbal communication skills, including the ability to produce CCO and committee-level reports that are concise, risk-based, and root-cause analysis that support decisions.
• Able to challenge senior stakeholders clearly while preserving the distinction between 2LOD oversight and 1LOD ownership.
• Strong judgement on when to escalate, and when to seek specialist input from other departments.
• Practical, disciplined, and comfortable operating in a scaling bank where the control environment needs to mature without becoming unnecessarily bureaucratic.

Working at Allica Bank

At Allica Bank, we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities
• Options for flexible working
• Regular social activities
• Pension contributions
• Discretionary bonus scheme
• Private health cover
• Life assurance
• Family-friendly policies including enhanced Maternity & Paternity leave

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds, and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.