Head of Risk

Revolut Ltd; Canada; Hybrid; CAD 153,000 - 217,000; Full time

Job summary

Revolut Ltd in Canada seeks a Head of Risk to lead local risk management across functions and regions, ensuring regulatory compliance. You will raise awareness of financial regulations, own the ERM framework, and provide independent oversight of risk types while engaging with regulators.

The role emphasizes leadership, strategic risk management, and collaboration with multiple departments to shape the risk posture of a fast-growing fintech.

Qualifications

• 10+ years of senior risk leadership in a regulated bank or deposit-taking institution.
• Proven track record in building second line of defence risk functions.
• In-depth understanding of prudential regulation (capital, liquidity, stress testing, governance).
• Experience owning an ERM framework and monitoring a risk appetite framework.
• Direct interaction with regulators and participation in supervisory reviews.
• Strong leadership and outstanding communication skills.
• Exposure to high-growth startups in finance is a plus.

Responsibilities

• Develop, implement, and own the entity's enterprise risk management (ERM) framework, including policies, KRIs, and risk appetite.
• Provide independent oversight of credit, market, liquidity, and operational risk.
• Produce reports and executive risk insights for the Board.
• Act as primary risk liaison with local regulators and manage supervisory engagements.
• Oversee stress testing, capital and liquidity risk inputs, and scenario analysis.
• Ensure robust operational resilience, third-party risk management, and outsourcing controls.
• Collaborate with the first line of defence to identify risks and implement mitigations.

Skills

Senior risk leadership

Regulated banking

ERM framework

Regulator liaison

Regulatory knowledge

Communication

Leadership

Job description

People deserve more from their money. More visibility, more control, and more freedom. Since 2015, Revolut has been on a mission to deliver just that. Our powerhouse of products — including spending, saving, investing, exchanging, travelling, and more — help our 80+ million customers get more from their money every day.

As we continue our lightning-fast growth, 2 things are essential to our success: our people and our culture. In recognition of our outstanding employee experience, we've been certified as a Great Place to Work™. So far, we have 15,000+ people working around the world, from our offices and remotely, to help us achieve our mission. And we're looking for more brilliant people. People who love building great products, redefining success, and turning the complexity of a chaotic world into the simplicity of a beautiful solution.

About the role

Risk at Revolut operates across all functions, products, and regions to monitor front-line performance and ensure the business operates safely. They’re among the first to be involved in new initiatives, from tech to customer support.

We're looking for a Head of Risk to lead local risk management while collaborating across departments. You'll raise awareness on relevant financial regulations and ensure we remain compliant at all times.

Up to shape what's next in finance? Let's get in touch.

What you'll be doing

• Developing, implementing, and owning the entity's enterprise risk management (ERM) framework, including policies and procedures, key risk indicators (KRIs), and a risk appetite framework
• Implementing risk management processes that are efficient and effective (minimal bureaucracy, maximum impact)
• Providing independent oversight of credit, market, liquidity, and operational risk
• Producing reports and executive risk insights for the Board
• Acting as the primary risk liaison with local regulators, and managing supervisory engagement
• Overseeing stress testing, capital and liquidity risk inputs, and scenario analysis
• Ensuring impactful operational resilience, outsourcing, and third-party risk frameworks
• Working with the first line of defence to identify potential risks and implement adequate mitigation

What you’ll need

• 10+ years of senior-level experience managing risk functions in a regulated bank or deposit-taking institution, preferably as Chief Risk Officer or Head of Risk
• A proven track record in setting up and managing second line of defence risk functions
• An understanding of prudential regulation (capital, liquidity, stress testing, governance)
• Proven ownership of an enterprise risk management (ERM) framework, and experience implementing and monitoring a risk appetite framework
• Direct interaction with regulators and participation in supervisory reviews
• A technical background in creating and implementing simple solutions quickly
• Outstanding leadership and communication skills

Nice to have

• Exposure to high-growth startups or scale-ups in finance, digital banking, or across other industries
• Experience operating in a matrix/group structure and aligning with group risk standards

Important information for applicants in Canada

• Employment structure: please note that successful candidates will be legally employed by our Employer of Record (EOR) partner, Deel, and assigned to provide services to our business.
• Vacancy status: this posting is for an existing vacancy.
• AI disclosure: we're committed to transparency. Please note that artificial intelligence (AI) tools are used during the screening and assessment process for this role.
• Exigences linguistiques/language requirements: while we operate globally, this role requires proficiency in English as the employee will be required to consistently communicate with non-French-speaking global teams and customers outside of Quebec. We have assessed our internal capabilities and determined this requirement can't be fulfilled by existing staff.

Compensation range

• Canada: CAD152,600 - CAD217,000 gross annually*
• Other locations: Compensation will be discussed during the interview process

*Final compensation will be determined based on the candidate's qualifications, skills, and previous experience

Building a global financial super app isn't enough. Our Revoluters are a priority, and that's why in 2021 we launched our inaugural D&I Framework, designed to help us thrive and grow everyday. We're not just doing this because it's the right thing to do. We're doing it because we know that seeking out diverse talent and creating an inclusive workplace is the way to create exceptional, innovative products and services for our customers. That's why we encourage applications from people with diverse backgrounds and experiences to join this multicultural, hard-working team.

Get what you need to succeed

• Financial benefits that show we value your work
• Flexibility to work from home, the office, or abroad
• A Revolut Metal subscription loaded with perks
• Exciting events year-round so you can get to know your team