Risk Manager (Capital Risk)

Revolut; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global financial technology company is seeking a Risk Manager to oversee capital risk management and regulatory compliance. The ideal candidate will have over 5 years of experience in the financial services sector and possess strong analytical and interpersonal skills. Responsibilities include preparing risk management policies and engaging with stakeholders to monitor risks effectively. This role offers a dynamic work environment aimed at financial innovation.

Qualifications

• 5+ years of proven experience in Capital Risk Management or Management Consulting in financial services.
• Understanding of global financial markets, products, and key capital risk drivers.
• Knowledge of risk-related regulations and their application in the banking industry.

Responsibilities

• Setting standards for managing capital risk, including risk appetite and impact assessments.
• Preparing the local ICAAP and Recovery plan.
• Developing and maintaining risk management policies and reporting infrastructure.

Skills

Capital Risk Management

Management Consulting

Data Analysis

Interpersonal Skills

Tools

SQL

Job description

Overview

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About Revolut

People deserve more from their money. More visibility, more control, more freedom. Since 2015, Revolut has been on a mission to deliver just that. With an arsenal of products that span spending, saving, travel, transfers, investing, exchanging and more, our super app has helped 28+ million customers get more from their money. And we're not done yet.

As we continue our growth, two things are essential: our people and our culture. We have 6000+ people worldwide, working in offices or remotely, on our mission. We're looking for brilliant people who love building great products, redefining success, and turning complexity into simple solutions.

About the role

Our Risk team sits at the core of Revolut. These specialists work across functions, products, and regions to monitor front-line performance and ensure the business is on safe footing. The Risk team engages early in new business initiatives—from App Technology to Treasury, Finance, and Customer Support.

We’re looking for a Risk Manager to identify, quantify and manage Revolut's capital risk in an excellent manner. You will join the team operating as a second line of defence, ensuring that risks and controls are properly managed by first-line businesses. You will work closely with Treasury, Finance, Operations, Technology, and the broader Risk organisation to independently assess and oversee risk-taking activities.

Up for the challenge? 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 Revolut capital risk exposures vs. established limits (internal and regulatory), investigating risk events, producing related MI reports and escalating breaches to the appropriate committee
• Identifying the key financial and non-financial risks that require capital allocation
• Building financial models and forecasting for capital planning and enhancing the existing models
• Proposing capital allocation limits and managing the approval process
• Establishing strong relationships with senior stakeholders across the Group to enforce current risk management frameworks, identify emerging risks, and provide effective challenge

What you'll need

• 5+ years of proven experience in Capital Risk Management or Management Consulting in financial services
• Knowledge and experience of capital risk regulations, issues and methodologies, including ICAAP and Recovery Planning
• Understanding of global financial markets, products, and key capital risk drivers
• Knowledge of risk-related regulations, their application/impact in the banking industry
• Understanding of various stress testing methodologies along with practical experience with model development, implementation, and governance
• Ability to break complex problems into smaller ones and enjoy working with data to facilitate your work (experience with SQL or other scripting language a plus)
• Ability to work independently, exercise good judgement, and drive change
• Strong interpersonal skills

Building a global financial super app isn't enough. Our Revoluters are a priority, and in 2021 we launched our inaugural D&I Framework to thrive and grow every day. We’re not just doing this because it’s the right thing to do; we’re doing it to create exceptional, innovative products and services for our customers. We encourage applications from people with diverse backgrounds and experiences to join this multicultural, hardworking team.

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