Financial Risk Manager
Revolut · United Kingdom
- Hybrid
- Full-time
- $120,000 / year
- United Kingdom
Job highlights
- Manage financial and trading risk for Revolut.
- Ensure first-line businesses manage risks and controls.
- Assess and oversee risk-taking activities globally.
- Develop and implement risk management frameworks.
- Monitor capital, market, and liquidity risk exposures.
About the role
About Revolut
People deserve more from their money. More visibility, more control, and more freedom. Since 2015, Revolut has been on a mission to deliver just that. Our powerhouse of products — including spending, saving, investing, exchanging, travelling, and more — help our 70+ million customers get more from their money every day.
As we continue our lightning-fast growth, 2 things are essential to our success: our people and our culture. In recognition of our outstanding employee experience, we've been certified as a Great Place to Work™. So far, we have 13,000+ people working around the world, from our offices and remotely, to help us achieve our mission. And we're looking for more brilliant people. People who love building great products, redefining success, and turning the complexity of a chaotic world into the simplicity of a beautiful solution.
About The Role
Risk at Revolut operates across all functions, products, and regions to monitor front-line performance and ensure the business operates safely. They’re among the first to be involved in new initiatives, from tech to customer support.
We’re looking for a Financial Risk Manager to identify, quantify, and manage financial and trading risk. You'll join the second line of defence to ensure that first-line businesses properly manage risks and controls.
You'll work closely with Treasury, Finance, Operations, Technology, and the broader Risk team to independently assess and oversee risk-taking activities.
Up to shape what's next in finance? Let's get in touch.
What You'll Be Doing
- Setting standards for managing capital, market, and liquidity risk, including risk appetite and balance sheet management
- Ensuring the firm is compliant with all aspects of MiFIDPRU and defining responses to financial risk regulatory changes
- Developing and implementing the ICARA process
- Ensuring our risk management framework is properly embedded, including risk identification, control management, breach remediation, and ongoing monitoring
- Modelling financial risks under various stress scenarios with appropriate assumptions and calibrations
- Ensuring accurate and timely submission of regulatory reports, such as the MiFIDPRU returns
- Engaging and challenging first-line businesses to identify, monitor, and govern emerging financial risks, including new product risk assessments
- Monitoring capital, market, and liquidity risk exposures against internal and regulatory limits
- Investigating risk events, producing related MI reports, and escalating breaches to the appropriate committee
- Building relationships with senior stakeholders to support risk governance and challenge emerging risks
- Promoting a pragmatic risk culture that enables sustainable growth
What You'll Need
- Expertise in financial risk management within multi-asset investment/trading firms or banks
- A solid quantitative background with the ability to build, interpret, and challenge risk models, assumptions, and scenarios
- Familiarity with MIFIDPRU regulatory requirements
- An understanding of global financial markets, products, and key capital and liquidity risks
- Knowledge of the financial services regulatory landscape impacting risk management
- Excellent stakeholder management, project management, and problem-solving skills
- Experience designing and implementing ERM frameworks in a financial services environment
- The ability to create and analyse data in new ways to get important business and risk insights
Nice to have
- Exposure to high-growth startups or scale-ups in finance or other industries
- A degree in business administration, engineering, economics, finance, or a related field
- An MBA, CFA, CAIA, or FRM certification
Diversity & Inclusion
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.
Important notice for candidates:
Job scams are on the rise. Please keep these guidelines in mind when applying for any open roles.
- Only apply through official Revolut channels. We don’t use any third-party services or platforms for our recruitment.
- Always double-check the emails you receive. Make sure all communications are being done through official Revolut emails, with an @revolut.com domain.
- We won't ask for payment or personal financial information during the hiring process. If anyone does ask you for this, it’s a scam. Report it immediately.
By submitting this application, I confirm that all the information given by me in this application for employment and any additional documents attached hereto are true to the best of my knowledge and that I have not wilfully suppressed any material fact. I confirm I have disclosed if applicable any previous employment with Revolut. I accept that if any of the information given by me in this application is in any way false or incorrect, my application may be rejected, any offer of employment may be withdrawn or my employment with Revolut may be terminated summarily or I may be dismissed. By submitting this application, I agree that my personal data will be processed in accordance with Revolut's Candidate Privacy Notice
Key skills/competency
- Financial Risk Management
- Capital Management
- Market Risk
- Liquidity Risk
- MiFIDPRU Compliance
- Risk Appetite
- Balance Sheet Management
- Risk Models
- ERM Frameworks
- Stakeholder Management
Skills & topics
- Financial Risk Manager
- Risk Management
- Capital Management
- Market Risk
- Liquidity Risk
- MiFIDPRU
- Finance
- Banking
- Regulatory Compliance
- Quantitative Analysis
- ERM
- Stakeholder Management
- Financial Markets
- Investment Banking
- Fintech
How to get hired
- Research Revolut's culture: Study their mission, values, recent news, and employee testimonials on LinkedIn and Glassdoor.
- Tailor your resume: Highlight your expertise in financial risk management, quantitative background, and familiarity with MiFIDPRU.
- Craft a compelling cover letter: Showcase your understanding of global financial markets and regulatory landscape.
- Prepare for interviews: Be ready to discuss your experience designing ERM frameworks and modeling financial risks.
- Emphasize stakeholder management: Demonstrate your ability to engage and challenge first-line businesses.
Technical preparation
Behavioral questions
Frequently asked questions
- What are the key responsibilities for a Financial Risk Manager at Revolut?
- As a Financial Risk Manager at Revolut, you will be responsible for identifying, quantifying, and managing financial and trading risk. This includes setting standards for capital, market, and liquidity risk, ensuring compliance with regulations like MiFIDPRU, developing the ICARA process, and embedding the risk management framework. You'll also model financial risks, submit regulatory reports, and build relationships with senior stakeholders.
- What qualifications are essential for the Financial Risk Manager role at Revolut?
- Essential qualifications include expertise in financial risk management within multi-asset investment/trading firms or banks, a strong quantitative background for risk models, and familiarity with MiFIDPRU regulatory requirements. You should also understand global financial markets, products, and the financial services regulatory landscape, along with excellent stakeholder and project management skills.
- Does Revolut offer remote or hybrid work arrangements for this Financial Risk Manager position?
- Revolut employs people both in offices and remotely, suggesting flexibility. While the job description doesn't explicitly state the work arrangement for this specific role, their global team structure implies potential for remote or hybrid opportunities. It's best to clarify this during the application process.
- What is the role of the Risk team at Revolut?
- The Risk team at Revolut operates across all functions, products, and regions to monitor front-line performance and ensure the business operates safely. They are involved in new initiatives and act as the second line of defense, ensuring first-line businesses properly manage risks and controls.
- How can I ensure my application stands out for the Financial Risk Manager position at Revolut?
- To make your application stand out, highlight your specific experience in financial risk management, particularly within investment/trading firms. Emphasize your quantitative skills, knowledge of MiFIDPRU, and experience with ERM frameworks. Demonstrating strong stakeholder management and problem-solving abilities will also be crucial.
- What kind of regulatory knowledge is important for a Financial Risk Manager at Revolut?
- It's crucial to have familiarity with MiFIDPRU regulatory requirements and a solid understanding of the broader global financial services regulatory landscape impacting risk management. This includes knowing how to define responses to financial risk regulatory changes and ensuring compliance.