moneyboxapp - Head of Risk
Requirements
• ● You give a clear, independent view and hold it under pressure, while staying pragmatic about how the business can achieve its goals. • ● You are commercially minded and see good risk management as something that enables safe growth, not a brake on it. • ● You build trusted relationships at every level, from first line teams to the Executive and Board. • ● You enjoy building things, and are comfortable shaping frameworks and a team in a fast-growing, evolving business. • ● You communicate complex risk issues simply, in writing and in person, so others can make informed decisions. • ● You lead by developing people, and want to grow a capable, motivated team of Risk Business Partners. • ● Significant experience in a second line risk role within FCA-regulated financial services, ideally in a wealth management, investment platform or similar consumer-facing business. • ● Proven track record of designing, embedding and improving a Risk Management Framework and risk appetite framework in a growing firm. • ● Strong working knowledge of FCA expectations for risk management, including SYSC, PRIN, Consumer Duty and operational resilience. • ● Experience overseeing or challenging the ICARA, stress testing and wind-down planning under MIFIDPRU. • ● Experience producing risk reporting for, and presenting to, executive and Board-level committees. • ● Experience leading and developing a team of risk professionals. • ● Experience of risk and control self-assessment, KRIs, incident management and GRC systems. • ● Experience of model risk or AI risk governance. • ● Exposure to financial advice, CASS or platform-specific risks. • ● A relevant professional qualification, such as IRM, PRM, FRM or the CISI risk qualifications.
Responsibilities
• ● Own, maintain and continually improve the Risk Management Framework, including the risk policy, taxonomy, risk and control self-assessment, incident and KRI standards, so that risk is identified, assessed and managed consistently across the firm. • ● Lead, develop and coach the Risk Business Partner team, so that each function has a single, consistent second line partner with the specialist expertise to support and challenge it. • ● Provide independent second line oversight and challenge of the firm's principal risks, including operational, operational resilience, third-party, technology, cyber, data, model and strategy execution risk, escalating issues where risk sits outside appetite. • ● Oversee and challenge the ICARA and wind-down plan owned by Finance, ensuring scenarios and stress tests are credible, regularly reviewed and reflect market conditions, so the firm is well prepared for supervisory review. • ● Maintain the risk appetite framework with the Executive and Board, monitoring performance against appetite and reporting breaches and trends promptly. • ● Produce clear, insightful risk reporting and MI for the Executive, Risk Committee and Board Risk Committee, attending the Board Risk Committee where required to present the second line view. • ● Provide independent risk opinions on material change, new products and propositions, outsourcing and strategic decisions, so the business can grow within appetite. • ● Build and embed a proportionate second line approach to model and AI risk, including the advice engine, working with outsourced model validation providers. • ● Support first line risk owners to own their risks and report on them, including KRIs, top risks and control effectiveness, through guidance, training and constructive challenge. • ● Lead emerging and strategic risk horizon scanning, ensuring the Executive and Board understand how the risk landscape is evolving. • ● Support regulatory engagement on risk matters, including remediation activity and supervisory requests, working closely with the VP Risk & Compliance. • ● Drive the effective use of the GRC system and automation in risk processes and reporting, improving efficiency and the quality of risk insight.
Benefits
• ● Opportunity to join a fast-growing, award-winning and super ambitious company. • ● Work with a friendly team of highly motivated individuals. • ● Be in an environment where you are listened to and can actually have an impact. • ● Thriving collaborative and inclusive company culture. • ● Company pension scheme. • ● Company bonus scheme • ● Hybrid working environment. • ● Home office furniture allowance. • ● Personal Annual Learning and Development budget. • ● Private Medical Insurance. • ● Health Cash Plan - cashback on everyday healthcare like dental and opticians. • ● Cycle to work scheme - spread the cost of a new bike and accessories. • ● CycleSaver - save on bike-share subscriptions and have a more sustainable commute. • ● Wellhub subscription to a variety of gyms and wellbeing apps. • ● Enhanced parental pay & leave. • ● 25 days holiday + bank holidays with additional days added with length of service.
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