Allica Bank · London Office
This is a live UK-based role at Allica Bank, a UK Skilled Worker sponsor tracked by Sponsorly AI against the Home Office register. Posted 21 September 2026. Listed as open until 21 October 2026.
About Allica Bank 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. Department Description The Compliance function is Allica Bank's independent second line for managing regulatory compliance risk. It helps the Bank grow safely by making regulatory obligations clear, practical and evidenced, while preserving 1LOD ownership of day-to-day compliance and maintaining independent oversight and challenge. This role sits within the compliance and conduct team, reporting to the “Senior Manager Compliance and Conduct”. The wider department includes Financial Crime, Operational Risk, and an Assurance team, all of which report to the Chief Compliance Officer (SMF16). The compliance and conduct team support the design and operation of a scalable compliance risk framework for a UK business bank serving SME customers. Role Description - Provide independent 2LOD oversight, advice and challenge over the Bank's compliance with applicable FCA, PSR, FSCS and other relevant regulatory obligations, which can include PRA requirements in conjunction with the 2LOD Financial Risk teams. - Maintain and develop the regulatory compliance framework, obligations inventory, regulatory change process, perimeter and permissions oversight, regulatory reporting oversight, breach and notification framework, SMCR governance support, regulatory engagement processes and compliance MI. - The role supports, advises, monitors, challenges and escalates to the CCO/SMF16 and relevant governance forums. - In scope: regulatory compliance framework, obligations mapping, rule interpretation, regulatory change, compliance advice and challenge, regulatory reporting oversight, breach/notification management, SMCR governance support, policy standards, evidence management and senior governance reporting. - Out of scope: Conduct Risk ownership, Consumer Duty/customer outcome monitoring, fair value, vulnerable customer oversight, complaints root cause, DISP ownership, customer redress, Financial Crime, prudential risk ownership, operational resilience ownership, formal legal advice, Internal Audit and 1LOD control operation. Principal Accountabilities The role holder will own and be responsible for a number of the following accountabilities, and will support the “Senior Manager Compliance and Conduct" with the others. The split of tasks will be determined by the experience of the role holder (i.e. you do not need to have experience for all the below, but you must be able to take responsibility for a number of these accountabilities). The ultimate Accountability remains with the SMF16. - Maintain and develop the Bank's regulatory compliance framewo…
Listing tracked by Sponsorly AI from Allica Bank's own job posting. Apply directly with the employer — Sponsorly does not process applications.