Risk Manager (Capital Risk)

Revolut Ltd; City Of London; On-site; GBP 65,000 - 85,000; Full time

Job summary

A leading financial services company in City Of London seeks a Risk Manager to identify and manage capital risks. The ideal candidate will have 3+ years of experience and expertise in capital risk methodologies. Duties include developing risk policies, monitoring risk exposures, and engaging stakeholders. Competitive salary and inclusion-focused culture offered.

Qualifications

• 3+ years of experience in capital risk management or management consulting in financial services.
• Expertise in capital risk regulations, issues, and methodologies.
• Knowledge of risk-related regulations and their application in the banking industry.

Responsibilities

• Set standards for managing capital risk and preparing local ICAAP.
• Engage and challenge first-line businesses to identify risks.
• Monitor capital risk exposures and escalate breaches.

Skills

Capital risk management

Interpersonal skills

Data analysis

Tools

SQL

Job description

About Revolut

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 65+ 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 10,000+ 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 Risk Manager to identify, quantify, and manage Revolut's capital risk. You'll operate within the second line of defence, ensuring that risks and controls are properly managed by first‑line functions.

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

What you'll be doing

• Setting standards for managing capital risk, including risk appetite and impact assessments/responses to changes in capital risk regulations
• Preparing the local ICAAP and recovery plan
• Developing and maintaining risk management policies, procedures, limits, stress testing capabilities, analytics, system support, and reporting infrastructure
• Engaging and challenging first‑line businesses to identify, monitor, and govern emerging capital risks, including new product risk assessments
• Monitoring capital risk exposures versus established limits (internal and regulatory), investigating risk events, producing related MI reports, and escalating breaches to the appropriate committee
• Identifying key financial and non‑financial risks that require capital allocation
• Building financial models, enhancing existing ones, and forecasting for capital planning
• Proposing capital allocation limits and managing the approval process
• Establishing solid relationships with senior stakeholders across the Group to enforce current risk management frameworks, identify emerging risks, and provide effective challenge

What you'll need

• 3+ years of experience in capital risk management or management consulting in financial services
• Expertise in capital risk regulations, issues, and methodologies, including ICAAP and recovery planning
• An understanding of global financial markets, products, and key capital risk drivers
• Knowledge of risk‑related regulations and their application/impact in the banking industry
• Expertise in various stress testing methodologies, model development, implementation, and governance
• The ability to break complex problems into smaller ones and to enjoy working with data to facilitate your work
• The ability to work independently, exercise good judgement, and drive change
• Excellent interpersonal skills

Nice to have

• Experience with SQL or other scripting language

Our commitment to diversity & inclusion

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.

Important notice for candidates

• Only apply through official Revolut channels. We don't use any third‑party services or platforms for our recruitment.
• Always double‑check the emails you receive. Make sure all communications are being done through official Revolut emails, with an @revolut.com domain.
• We won't ask for payment or personal financial information during the hiring process. If anyone does ask you for this, it's a scam. Report it immediately.

By submitting this application, I confirm that all the information given by me in this application for employment and any additional documents attached hereto are true to the best of my knowledge and that I have not wilfully suppressed any material fact. I confirm I have disclosed if applicable any previous employment with Revolut. I accept that if any of the information given by me in this application is in any way false or incorrect, my application may be rejected, any offer of employment may be withdrawn or my employment with Revolut may be terminated summarily or I may be dismissed. By submitting this application, I agree that my personal data will be processed in accordance with Revolut's Candidate Privacy Notice