Senior Risk Manager

Trading 212 Ltd; City Of London; On-site; GBP 110,000 - 180,000; Full time

Benefits offered by this job

Annual bonus

Job summary

Trading 212 Ltd in London is seeking a Senior Risk Manager to embed the Risk Management Framework across the organisation and liaise with the first line of defence to assess risk profiles and control effectiveness.

You will lead independent assurance activities, maintain risk registers, and oversee ICARA processes, ensuring risks are quantified, tracked, and remediated in line with risk appetite.

Qualifications

• Extensive knowledge of risk management principles and practices.
• Strong analytical and strategic thinking abilities.
• High attention to detail and risk assessment skills.
• Effective communication and leadership capabilities.
• Understanding of the FCA's MiFIDPRU framework, wind-down planning, and operational resilience.
• Financial management, particularly capital and liquidity management.
• Management and understanding of market risk in a retail client base.
• Ability to develop and implement risk mitigation strategies.
• Proficiency in risk management software and tools.
• Outsourcing/TPRM experience is good to have.

Responsibilities

• Align the organisation's approach to risk with appetite and strategy.
• Deliver Risk and Control Assessments (RCSAs) and oversee risk identification, assessment and treatment.
• Perform periodic independent second line of defence assurance through controls testing and thematic reviews.
• Identify gaps in the control environment and coordinate remediation with the first line of defence.
• Deliver Top-Down Risk Assessments with senior management and experts to identify material risks.
• Maintain legal entity Risk Registers and thematic Risk Registers, including Fraud and Market Abuse.
• Participate in ICARA process ensuring risks are captured and stressed.
• Provide oversight of risk events and determine corrective actions with root cause analysis.
• Demonstrate understanding of liquidity risk management.
• Deliver risk governance reporting and stakeholder updates.
• Lead risk projects to enhance the Risk Management Framework.
• Provide overview of trading risk exposure.
• Implement horizon scanning for emerging risks.
• Conduct second line reviews for new products and regulatory changes.
• Support risk appetite measures and breach remediation.
• Prepare and present thematic risk reports to governance bodies.
• Foster a healthy risk culture and open discussion.

Job description

Our mission is to enable everyone to build wealth.

We reinvent how trading and investing work by creating exceptional products people love. Fostering a culture of excellence and high velocity is the key to our success.

Over the past few years, our client base has grown 20 times to over 4 million, and client assets have grown over 50 times to over €5 billion.

Role Overview

The Senior Risk Manager will play a crucial role in supporting the business to embed the Risk Management Framework and manage and mitigate risks across the organisation. You will be responsible for liaising with the first line of defence to support them in identifying and understanding their risk profile, assessing the design and effectiveness of controls and procedures, ensuring these align with internal policies. This role requires a deep understanding of financial markets, trading practices, and global best practices for risk management frameworks.

What you’ll do

• Ensure the organisation's approach to the management of risk is aligned with its risk appetite and strategy.
• Facilitate delivery and maintenance of Risk and Control Risk Assessments (RCSAs), ensuring appropriate oversight of risk identification, assessment and treatment are performed in line with risk appetite.
• Perform periodic independent second line of defence assurance through the delivery of individual controls testing and thematic assurance reviews.
• Identify gaps in the control environment and work with the first line of defence to determine remediation plans, ensuring progress is tracked and reported on through governance.
• Deliver Top-Down Risk Assessments through engaging with senior management and subject matter experts to identify material risks the Firm are exposed to.
• Maintenance of the legal entity Risk Register and overseeing the maintenance of thematic Risk Registers, including the Fraud Risk Register, Market Abuse Risk Register and Business Wide Financial Crime Risk Assessment.
• Participating in the ICARA process, ensuring all relevant risks are captured, quantified and adequately stressed.
• Providing oversight of risk events by working with first line colleagues to understand the root cause of events, their impact on the Firm and what corrective and preventive actions are required to remediate.
• Demonstrating a solid understanding of liquidity risk management.
• Delivering coherent, transparent and rigorous risk governance reporting.
• Delivery of Risk projects to develop, evolve and enhance both the design and embeddedness of the Firm's Risk Management Framework and supporting processes.
• Provide an overview and challenge of the trading risk to which the firm is exposed.
• Ensure appropriate horizon scanning processes are implemented to identify and manage emerging risks.
• Providing second line risk reviews for new product and feature launches, and strategic and regulatory change initiatives, ensuring risk is identified from the offset, with downstream impacts managed and aligned to risk appetite.
• Support the identification and enhancement of both qualitative and quantitative risk appetite measures, ensuring these are tracked with any breach escalated and remediated in line with risk appetite.
• Preparing and presenting thematic risk reports and assessments to senior management and governance bodies.
• Fostering a healthy Risk Culture by promoting the view that risk management is a universal responsibility by encouraging open and transparent discussions without fear of retaliation.

What you need to have

• Extensive knowledge of risk management principles and practices.
• Strong analytical and strategic thinking abilities.
• High attention to detail and risk assessment skills.
• Effective communication and leadership capabilities.
• Understanding of the FCA's MiFIDPRU framework, wind-down planning, and operational resilience
• Financial management, particularly capital and liquidity management.
• Management and understanding of market risk in a retail client base.
• Ability to develop and implement risk mitigation strategies.
• Proficiency in risk management software and tools.
• Outsourcing/TPRM experience is good to have.

What we offer

• Unique challenges that will help you grow and realise your potential really fast
• Opportunity to make a big impact - you will create products used by millions of investors to build wealth
• Work with smart, high-performing colleagues with a common goal in a flat, cross-functional team structure
• An environment where nothing is set in stone, no bureaucracy
• Appreciation for your talent and ideas
• Generous remuneration package including annual bonuses

Bring your ambition to Europe's fastest-growing mobile broker!