Risk Manager (Capital Risk)

Revolut; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

Revolut is seeking a Risk Manager who will play a pivotal role in capital risk management, ensuring compliance with regulations, monitoring exposures, and enhancing risk management frameworks. The ideal candidate will have extensive experience in financial services, strong analytical skills, and the ability to operate independently while driving organizational change.

Qualifications

• 5+ years in Capital Risk Management or Management Consulting.
• Knowledge of capital risk regulations and methodologies.
• Ability to break complex problems into smaller ones.

Responsibilities

• Setting standards for capital risk management and regulations.
• Preparing local ICAAP and Recovery plans.
• Monitoring capital risk exposures and producing MI reports.

Skills

Capital Risk Management

Data Analysis

Interpersonal Skills

Problem Solving

Tools

SQL

Job description

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About Revolut

People deserve more from their money. More visibility, more control, more freedom. And since 2015, Revolut has been on a mission to deliver just that. With an arsenal of awesome 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 lightning-fast growth, we believe that two things are essential to continuing our success: our people and our culture. So far, we have 6000+ people working around the world, from our great offices or remotely, on our mission. And we're looking for more. We want brilliant people that love building great products, love redefining success, and love turning the complexity of a chaotic world into the simplicity of a beautiful solution.

About the role

Our Risk team sits at the very core of Revolut. Those special agents work across functions, products, and regions to monitor front-line performance and ensure that the business is on safe footing People in the Risk team are among the first in the company to get involved in new business initiatives, from App Technology, through Treasury and Finance, to Customer Support

We're looking for a Risk Manager who'll be identifying, quantifying, and managing Revolut's Capital risk in an excellent manner A superstar to join the team which operates as a second line of defence and is responsible for ensuring that risks and controls are properly managed by first line businesses. Someone who'll 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 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.

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