Purplebricks director of risk and compliance Helen Martin has left the online agent after just six months in the role.
The beleaguered brand, which is currently in the process of making job cuts across the business, appointed Martin following a rather turbulent period for the online estate agency, caused in part by a series of regulatory failings.
Martin joined from LSL Property Services plc where she was risk and governance director for LSL’s estate agency division. She reported directly to Steve Long, CFO, but he left Purplebricks in October 2022.
Martin, who was responsible for oversight of risk management and compliance, as well as further strengthening the processes and procedures in place across the group, has returned to LSL as a ‘risk consultant’.
She began her career as a lawyer with Eversheds in 1998 before specialising in risk and compliance in 2006. She joined LSL in early 2015 in a senior compliance role and was responsible for the oversight and development of compliance policy across LSL’s mortgage and insurance offer.
In 2018, Martin became risk and governance director of LSL’s estate agency division where she developed a team of risk professionals to support and embed regulatory compliance.
Commenting at the time of Martin’s appointment, on 24 August 2022, Purplebricks CEO, Helena Marston, described the newly created role of director of risk and compliance as an “essential part of our plans to continue to raise standards and ensure the highest levels of risk management”.
EYE has contacted Purplebricks for comment
Did she find the job too risky and they wouldn’t comply?
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Obviously it’s so bad at LSL that staff go to PB. Only to find out it’s even worse there.
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Risk & compliance in a company like LSL must be Nirvana to those running it. Every week they come up with something else to make the boys & girls job on the coal face a little bit more complicated to get a property on the market or a sale agreed. The problem with it is that they have to keep coming up with something otherwise it looks like they are not doing anything and they lose thier jobs. The tail definitely wags the dog. The more steps that are required only strengthen the role of risk and compliance. Make it simple and keep it compliant, not make it compliant with no thought as to how difficult you make the process.
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