Compliance Advisory Specialist, Chip
£45-60k
+ Share option bonus
2-3 days a week in office (Shoreditch, London)
Investing and savings app
Open for applications
Investing and savings app
101-200 employees
Open for applications
£45-60k
+ Share option bonus
2-3 days a week in office (Shoreditch, London)
101-200 employees
Company mission
To make its customers wealthier through automated, intelligent, wealth-building all with an amazing UI for the mobile generation.
Role
Who you are
- Must have good experience of Financial Promotions signoff
- A thorough understanding of the Financial Services regulatory framework that exists in the UK
- Deep working knowledge of relevant laws, regulations and industry best practices related of compliance and financial services
- Previous experience in a financial services Compliance role, in particular Payment Services and Investments
- Excellent written and verbal communication skills
- Critical thinking and problem-solving skills
- Attention to detail and organisational skills
- Competence in planning and conducting of monitoring/assurance reviews
- A Compliance qualification (desirable)
What the job involves
- Review financial promotions, providing education and training to the business towards continuous improvement. Working to regulatory requirements to review, challenge (as necessary) and approve app, website copy and marketing material falling within the definition of Financial Promotions ensuring we are Fair, Clear and Not Misleading
- Provide product specific advice, guidance as well as independent challenge and oversight to 1LOD business teams
- Gathering MI, taking minutes and managing stakeholders for Chip’s monthly Consumer Outcomes Committee
- Reviewing and updating policies as part of our governance Risk & Compliance Committee
- Overseeing all UK regulatory reporting, ensuring timely and accurate submission of reports to the FCA (PSD2 & MiFID II)
- Build strong relationships with 1LoD to deliver a collaborative working environment between Compliance and the business
Application process
- Video screen with someone from our Talent team
- Video interview with the hiring manager
- Final interview with Group Head of Compliance
Salary benchmarks
Our take
Chip provides a free app which aims to make saving as easy as spending. The AI-driven system calculates how much a user could save, gives the option to decline it, and then automatically transfers the amount to user’s Chip account.
Chip's users have saved over £800 million for its users to date, and the public clearly loves the product, as 9,000+ people invested in the company's latest crowdfunding round (one of the most participated-in crowdfunds to date).
Chip has made strong hires, including senior team members from Purplebricks, Deposit Solutions. Barclays, Funding Circle, and Monzo, which has given the company the firepower to scale the business.
The challenge for Chip will be staying relevant and differentiated when there are lots of other companies fighting for consumer's savings and investment accounts. For this reason, the company's investment product is forever adding something innovative to keep its users building wealth with Chip.
Steph
Company Specialist
Insights
Many candidates hear
back within 2 weeks
35% female employees
0% employee growth in 12 months
Company
Funding (last 2 of 11 rounds)
Dec 2023
$6.7m
LATE VC
Nov 2022
$4.7m
CONVERTIBLE
Total funding: $82.9m
Company benefits
- Classpass membership or Wellbeing allowance
- Unlimited Holiday
- £1500 annual training budget which can also be used to attend conferences
- Workplace pension scheme (Employer: 3% / Employee: 4% / Tax Relief: 1% / Total: 8%)
- Work from home opportunities
- Company Laptop 💻
Company values
- Be Accountable - Everything you do matters, Care about the end result, Challenge the norm, Disagree, yet commit to making it happen once a decision has been made, Do the best job possible
- Be Bold - Share our Ambition and do your bit to achieve it, Innovate: challenge the norm, break the mould and make it happen, Set goals that truly align with our mission, Do your best for our customers
- Be Collaborative - Work cross-functionally - we win as a team, Build strong relationships based on trust, Treat others fairly and respectfully, Hold others to account, Be supportive and inclusive, Have fun together
Company HQ
London, UK
Articles
Leadership
Simon Rabin
(CEO)Previously co-founded Roamer, a company that helped you use your phone number abroad without paying roaming charges. Also held senior positions at other mobile companies
Alex Latham
(CMO)Previously worked in Marketing at Maxim and as Head of Growth at Pineapple Punk.
People progressing
Leena joined Chip in 2019 as an Operations Analyst and was promoted to Technical Product Owner just under 2 years later. Further promoted to Associate Product Manager in January 2023!
Harry joined Chip as an Customer Success Executive, he then progressed to Head of Customer Success a year later before working their way up the Compliance team ladder, becoming the Senior Risk & Compliance Manager in January 2023!
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