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About the Role

Allica is the UK’s fastest growing company and the fastest-growing financial technology firm ever, focused on helping established SMEs, a significantly underserved market. This role provides independent second-line-of-defense (2LOD) oversight, advice, and challenge over the Bank's compliance with applicable regulatory obligations, supporting the Chief Compliance Officer (SMF16) and relevant governance forums.

Responsibilities

Provide independent 2LOD oversight, advice, and challenge on regulatory compliance.
Maintain and develop the regulatory compliance framework, including obligations inventory, regulatory change process, and reporting.
Support 1LOD on perimeter and permissions assessments for new products and business changes.
Review and challenge new product papers and financial promotions.
Oversee regulatory reporting governance requirements.
Oversee regulatory breach management, including materiality assessment and remediation tracking.
Support with regulatory engagement and commitments.
Maintain compliance policies, standards, and practical guidance.
Support HR on SMCR, FIT, and accountability governance.
Provide 2LOD oversight of FSCS/depositor protection obligations.
Produce clear, actionable compliance MI for senior management and governance forums.
Maintain oversight of other regulatory compliance requirements as needed.

Requirements

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.
Ability to interpret regulatory requirements and translate them into practical controls, evidence standards, committee papers, and business guidance.
Data-led and evidence-led approach, comfortable using MI, KRIs, breach data, monitoring outputs, and audit findings.
Comfortable using analytics and AI-enabled tools safely and pragmatically.
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 concise, risk-based reports and root-cause analysis.
Ability to challenge senior stakeholders clearly while preserving the distinction between 2LOD oversight and 1LOD ownership.
Strong judgment on when to escalate and when to seek specialist input.
Practical, disciplined, and comfortable operating in a scaling bank environment.

Skills

Regulatory compliance
FCA and PRA regulations
SYSC
SUP
PRIN
BCOBS
FIT
PERG
SMCR
Regulatory reporting
Payments regulation
FSCS/depositor protection
PROD/ESG knowledge (desirable)
Regulatory interpretation
Control implementation
Evidence standards
Committee paper preparation
Business guidance
Data analysis
MI utilization
KRI analysis
Breach data analysis
Monitoring output analysis
Audit finding analysis
AI-enabled tools
Data quality
Governance
Explainability
Validation
Human judgement
Obligations inventory management
Regulatory change process management
Compliance monitoring plan development
Breach/notification process management
Senior governance MI reporting
Written communication
Verbal communication
Risk-based reporting
Root-cause analysis
Stakeholder challenge
Escalation
Specialist input seeking
Practicality
Discipline

Location

Work Type

Flexible working
Hybrid working

Experience Level

Mid-level
Senior-level

Benefits

Full onboarding support
Continued development opportunities
Options for flexible working
Regular social activities
Pension contributions
Discretionary bonus scheme
Private health cover
Life assurance
Family friendly policies
Enhanced Maternity & Paternity leave

About the Company

Allica is the UK’s fastest growing company and the fastest-growing financial technology (Fintech) firm ever.
Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.
Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Equal Opportunity

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.