Compliance Assurance Manager

Compliance Assurance Manager role at OSB Group

The Compliance Assurance Team forms a key part of the Group's Risk Assurance Function, supporting the Bank by delivering risk‑based, independent assurance on compliance with applicable regulations and promoting good conduct. This assurance is provided through a structured programme of thematic reviews, compliance monitoring, and key control testing across critical business areas. These activities are carried out throughout the year in alignment with a risk‑based assurance plan, ensuring that areas of highest risk receive appropriate focus and scrutiny.

• Independently deliver and lead timely and robust Compliance Assurance and Monitoring reviews across the Group to assess the effectiveness of compliance controls and programmes, confirming that the Group is operating within its policies, procedures, and applicable laws and regulations, including assessment of customer outcomes across the full product lifecycle when necessary.
• Ensure that risk‑based testing plans are aligned with emerging risks and regulatory requirements, adapting them as necessary to respond to new risks or regulatory changes.
• Manage the closure and standard of response to the actions agreed from Compliance Assurance and Monitoring reviews, recording operational management responses and evidence, tracking progress and conducting proportionate follow‑up validation assessments.
• Maintain the delivery of Compliance Assurance and Monitoring reviews in line with internal quality standards while adhering to the Compliance Assurance Methodology.
• Build and maintain effective relationships with key stakeholders, including Risk, Audit, Legal, and Operations, to support a strong compliance culture across the organisation.
• Communicate key compliance findings, risks, and issues to senior leadership, providing strategic recommendations for ongoing risk mitigation and improvement.
• Contribute to the development and delivery of training for compliance team members on monitoring and testing methodologies, compliance updates, and regulatory changes.

We offer a base salary depending on experience and location of £47,000 – £62,000 and a competitive benefits package including:

• Discretionary annual bonus opportunity of up to 15%
• 28 days annual leave plus bank holidays
• Contributory pension (8% employer 5% employee)
• Life Assurance (4× salary) plus Group Income Protection
• Access to Private Medical Insurance and Medical Cash Plan

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our purpose is to help our customers, colleagues and communities prosper, and we are on a transformation journey to become ‘the bank of the future’. Our commitment to professional development, flexible working, and employee well‑being fosters a dynamic and supportive workplace.

• Previous assurance experience working in compliance monitoring or audit within a regulated lending or banking environment is essential.
• In‑depth understanding of regulatory requirements, compliance risk assessment methodologies, and industry best practices in compliance assurance.
• Excellent understanding of and ability to interpret the FCA/PRA regulation and industry body guidance, along with other critical regulatory areas is essential.
• Proven experience of successfully establishing effective stakeholder relationships is essential.

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Not sure if you meet the spec? Let us decide. Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understanding the value different experiences and perspectives can bring, so please don't feel like you need to check every box to apply for a role internally.

We champion diversity at all levels, with Board‑level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposing discrimination on any grounds.

Mid‑Senior level

Full‑time

Finance, General Business, and Other

Banking, Financial Services, and Savings Institutions