Business Risk and Controls Manager
BVNK
Head of Risk
Moneyfarm
full-time
Posted on:
Location Type: Hybrid
Location: London • 🇬🇧 United Kingdom
Visit company websiteJob Level
Lead
Tech Stack
Cyber Security
About the role
- Reporting directly to the Chief Risk and Compliance Officer, the Head of Risk will be responsible for establishing and embedding an enhanced enterprise-wide risk management framework and leading the Moneyfarm risk management strategy across all areas of the business, including financial, operational, regulatory, and technology risks.
- The Head of Risk will partner with senior management and work closely with the executive team and Board to understand and quantify business risks, as well as working with Compliance to understand existing and emerging regulatory risks, to ensure robust governance and proactive risk management as we expand our business.
- Define and implement the company’s enterprisewide risk management framework and policies
- Work with the Board to set risk appetite.
- Act as the primary advisor to senior leadership on all risk-related matters.
- Develop a strong risk culture across the organisation.
- Lead the risk function, including second line of defence oversight of operational, conduct, and financial risks.
- Actively participate in Risk Committees and support the Board Risk Committee.
- Report regularly to the Executive and Board on key risks and emerging issues.
- Lead the risk review for ICARA reporting.
- Ensure the firm’s risk management practices comply with FCA, Bank of Italy, CONSOB and other relevant regulatory standards.
- Work closely with Compliance and Legal teams to manage regulatory obligations.
- Prepare for regulatory reviews, audits, and inspections.
- Establish, embed and oversee controls a new controls management framework.
- Work with Control Managers to ensure controls are periodically tested; where possible this should be automated.
- Oversee operational risk management, including incident reporting, business continuity, and outsourcing/vendor oversight.
- Monitor technology, data protection, and cyber security risks, ensuring appropriate mitigation strategies.
- Understand artificial intelligence risks relevant to digital wealth management and the Moneyfarm business and, where possible, utilise artificial intelligence for risk management activities.
Requirements
- Significant experience in risk management within fintech, digital wealth/asset management, or financial services **essential.**
- Strong understanding of UK and EU regulatory frameworks (FCA, Bank of Italy, ESMA, MiFID II).
- Proven ability to design, build or lead a risk function in a fast-paced, entrepreneurial environment.**Experience with operational and technology risk, ideally within a digital-first business model.
- Excellent verbal and written communication skills with the ability to influence at Board and regulator level.
- Strong organisational skills and the ability to manage time effectively in a fast-paced environment.
- Familiarity with use of tech focused software and project management and collaboration tools such as Jira, Confluence, Slack, etc.
- A proactive, solutions-oriented mindset with a “can-do” attitude.
- Able to work independently while contributing effectively as part of a team
- Discretion and an understanding of how to handle sensitive or confidential information appropriately.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
risk managementoperational risktechnology riskregulatory compliancecontrols managementincident reportingbusiness continuitydata protectioncyber securityartificial intelligence risk
Soft skills
communication skillsorganizational skillstime managementinfluencing skillsproactive mindsetsolutions-orientedindependenceteam collaborationdiscretionconfidentiality
