Job vacancies
Career opportunities at Advance Credit Union, See below.
Finance Compliance Officer
Job Type: Full-time
Salary: £28,000 per annum
Benefits:
- Company pension
- Sick pay
Schedule:
- 35 hours per week. Monday – Friday 9.00 – 4.30pm
- 25 days annual leave plus statutory bank holidays
- 3% ACU pension contribution on total salary
Work Location: In person at our Erdington Office
Application deadline: 11th July 2025
Education
| Good standard of general education in particular English Language and Mathematics ( Above grade of C ) |
| AAT qualification (or working towards AAT qualification) |
Experience and Knowledge
| A minimum of 2 years finance experience |
| Previous experience of developing & managing compliance systems & controls |
| Experience of acting within and meeting regulatory framework expectations and working within a regulated environment, ideally FCA/PRA. ( Sound overview of responsible finance and financial inclusion ) |
| Experience of identifying and reporting risks effectively |
| A clear understanding of ethical lending standards, A clear understanding of the expectations of regulatory bodies in relation to lending. |
Skills
- The ability to work in a team and individually.
- The ability to work in a tidy and methodical manner demonstrating a high level of attention to detail.
- Sound decision making skills
- Adaptability and resilience
Candidate Qualities
Honesty and Trust – You are honest and trustworthy. You are
aware of your impact on others including confidentiality. You
actively work to foster an environment of mutual trust.
Excellence – You work to deliver a high quality service to
meet customer, organisational and personal expectations.
You adopt a ‘can do’ attitude in all of the work you deliver,
ensuring it meets the needs of current and potential
customers.
Simplicity – You actively seek ways to prevent
over-complication or confusion, by adopting the most
simplified approach to work. You communicate clearly and
concisely, ensuring that the message is understood by all.
Working Together and Respect – You respect and support
colleagues to reach common goals, sharing information and
expertise.
Responsibility – You take ownership for your work and you
use your initiative to deliver. You are accountable for your
own performance and development and you take
responsibility for your actions and decisions.
● With management oversight, be responsible for the financial records of Advance Credit Union.
● Ensuring legal and financial regulatory compliance for the Credit Union
● To be responsible for the day-to-day financial processing and bank reconciliation.
● With Board oversight, be responsible for ensuring full compliance with all legislative, regulatory and policy and procedural requirements.
Role purpose
● Posting downloaded bank transactions to the finance system each morning and reconciling the three main current accounts to the closing balance on a daily basis.
● Resolve any discrepancies, identify and fix the discrepancy
● Posting schedules received from Payroll Deduction partners to members accounts.
● Payments to suppliers using faster payments through internet banking under the supervision of the General Manager.
● Posting journals as requested by the Finance Manager
● Maintaining cashflow by transferring money between current accounts and from deposit accounts and vice versa while maximising interest receivable following the treasury policy guidelines.
● Proactively monitor members accounts and be responsible for keeping members accounts accurate and up to date.
● Process grant returns, income & expenditure, collating grant statistics
● Monitor financial processes, ensuring continuous improvement and best practice to minimise financial risk to the Credit Union, including financial crime and fraud.
● To undertake any other duties commensurate with the post as directed by the General Manager.
● To treat all Credit Union members, enquirers, staff, volunteers and board with respect and dignity at all times in compliance with our Treating Customers Fairly Policy.
● To preserve client confidentiality at all times. To abide by the Data Protection Act 2018 as amended and other relevant regulations.
● Support the Board Of Directors & GM in meeting their compliance responsibilities under the PRA rulebook and FCA creds handbook.
● Manage the Credit Union’s compliance plan, considering forthcoming compliance issues and horizon scanning.
● Provide monthly Compliance & Tracker reports to the Board of Directors, advising on completed & upcoming compliance monitoring as required and in line with the compliance plan.
● Developing & managing compliance system & controls, evidencing that the Credit Union’s approach is member centric and assesses on-going effectiveness with the relevant regulation & legislation, and regulatory guidance.
● Recommending & drafting proposed amendments to governance policies within the annual cycle, focusing on guidelines, rules and procedures to ensure compliance, with a member-centric approach.
● Monitoring & ensuring compliance of documentation, product terms, advertising, marketing materials & website information.
● Ensuring that complaints are managed in line with FCA rules and the Credit Union’s internal procedures.
● Reporting compliance exception appropriately and maintaining an accurate breach register and ensuring all remedial work is completed.
● Undertake any other appropriate duties as requested by the Board of Directors or the GM.
Are you passionate about maintaining financial integrity and ensuring compliance? Join us as a Finance and Compliance Officer and play a key role in safeguarding our organization’s financial health and regulatory standards.
Ready to make an impact in a dynamic and detail-driven environment? If this is the perfect role for you, please send your CV alongside a cover letter explaining why you’re the ideal candidate.