Senior Monitoring Analyst

Senior Monitoring Analyst

Propel Finance was established in 1996 to provide flexible and accessible finance to SMEs across the country. Now, as one of the UK’s largest, independent finance houses, we continue to deliver leading‑edge solutions through a unique combination of teamwork and technology.

The Senior Monitoring Analyst will support the Compliance Department in ensuring that Propel Finance meets its regulatory, legal, and governance obligations. This role is focused on overseeing and participating in day‑to‑day monitoring and quality assurance activity, helping to identify risks, ensure controls are effective, and drive improvements across the business.

• Oversee and carry out thematic monitoring reviews, file checks, and QA testing in line with the monitoring and quality assurance framework.
• Document and elevate findings, highlighting risks and recommending remedial actions.
• Track open actions and verify closure of remedial work.
• Lead the preparation of monitoring reports for the Compliance & Monitoring Manager.
• Maintain and enhance the monitoring framework and assist in the development and management of the Compliance Monitoring Plan (CMP).
• Support colleagues with regulatory queries by providing accurate and timely information.
• Contribute to fraud prevention activities.
• Manage MI reporting for internal stakeholders, collating data on monitoring activity and compliance performance.
• Ensure monitoring documentation is maintained and up to date.
• Work closely with colleagues across the business to ensure understanding of compliance requirements.
• Take part in training and development opportunities to build knowledge of FCA regulations and assurance skills.
• Support team initiatives to embed a strong culture of compliance, transparency, and accountability.
• Provide guidance and support to Monitoring Analysts as necessary.

• Previous experience in compliance and/or compliance monitoring activities, assurance or risk role within financial services.
• Expert working knowledge of FCA regulation, particularly Consumer Duty, CONC, SYSC and DISP.
• A‑Level qualifications or higher.
• Proactive and inquisitive approach with a willingness to learn.
• Excellent analytical skills with a keen attention to detail.

• 25 days annual leave + bank holidays
• 2 additional days holiday after 5 years’ service
• Birthday day off
• Opt‑in Private Medical Insurance
• Subsidised gym membership (£18.75 a month)
• Cycle to Work Scheme
• Electric Car Scheme
• Buy Annual Leave Scheme
• Half‑day seasonal shopping
• Auto‑enrolment pension – 3% employer contribution subject to eligibility
• Life Assurance 3× basic salary
• Company events and reward schemes

Location:

Newport, Wales, United Kingdom. Salary: £40,000–£50,000 per annum. This role is based out of Propel’s Newport office and operates on a hybrid schedule (2 days a week in the office – Monday and Thursday).

We are proud to be a member of Stonewall’s Diversity Champions programme and are committed to improving workplace inclusion.

Referrals increase your chances of interviewing at Propel Finance by 2x.