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Freetrade

Director of Risk

London Full-Time 43200 - 72000 £ / year (est.) No home office possible

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At a Glance

Tasks: Lead the Risk team, manage risk types, and enhance risk frameworks at Freetrade.
Company: Freetrade is revolutionising investing, making it accessible for everyone with innovative financial products.
Benefits: Enjoy a competitive salary, bonus structure, and a vibrant work culture with growth opportunities.
Why this job: Join a mission-driven team focused on demystifying investing and achieving better financial outcomes for customers.
Qualifications: 5+ years in Risk Management, regulated financial services background, and strong leadership skills required.
Other info: We value diversity and are committed to creating an inclusive workplace.

The predicted salary is between 43200 - 72000 £ per year.

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Department: Risk & Compliance

Location: London

Compensation: £100,000 – £125,000 / year

Description
Director of Risk
London
At Freetrade, we believe investing should be accessible to everyone. It’s one of the best ways to grow your savings, but for many, it seems complicated, expensive, and out of reach. We’re here to change that.
We’re building a team with diverse and unique perspectives to help us on our mission to demystify investing. Our goal is to help our customers achieve better long-term financial outcomes. In 2025, we’ll be focusing on making our business cash flow profitable.
We’ll also be radically improving our product for our core customer base. In the UK, we now have over 1.5 million registered users, and we offer a range of products such as the Freetrade Pension, stocks and shares ISA, and UK Treasury bills.
We are looking for an expert candidate to join us as a Director of Risk. This role will continue the great work we have already done in building out the risk management framework and function at Freetrade. The role will report directly to the Head of Risk and Compliance. The role will be hugely impactful, shaping our approach to risk through all stages and partnering with the business to drive implementation.
The role will offer a huge scope for professional growth as our company continues to scale and as we develop our product offering.
You will..

Be a key leader within our Oversight function, managing the Risk team and reporting to our Risk and Compliance Director.
Be the company’s subject matter expert on risk management covering both Financial and non-financial risk categories including Prudential Risk.
Manage all risk types, with particular focus on operational risk, counterparty credit risk and liquidity risk.
Maintain and enhance the framework and tools for identifying, assessing and documenting risks in our business today, as well as those we will face as the firm expands.
Maintain the risk framework and related documentation, including creating or updating risk and related policies and procedures.
Maintain and enhance methodologies and tools for quantifying Operational and Business risk as part of the ICARA process including the Solvent Wind Down document.
Collaborate with Product, Engineering, Operations and other areas on our key growth and change initiatives including ensuring the proper consideration, on a forward-looking basis, of operational risks, capital and liquidity impacts of planned new products or other material business changes
Own the operational risk incident governance, including incident response processes, recording and categorisation of events, post-mortems and risk incident reports
Work alongside the CTO to coordinate the delivery of Business Continuity and Disaster Recovery frameworks.
Educate, assist and drive adoption amongst the business areas of risk ownership, measurement and development of common processes. Continually build the extent to which risk considerations and metrics drive or influence decision-making
Drive Risk reporting to senior management, including taking ownership for the risk sections of the Executive and Board committee reporting.

About you:

You are highly skilled in Risk Management, with deep experience in Enterprise Risk Management as well as individual risk types, likely with more than 5 years of experience in Risk Management
You have a regulated financial services background
You have experience working on and delivering ICARAs and embedding risk management frameworks.
You might be looking for your first ‘Director level’’ or first ‘Fintech’ role where you can step up to a higher level of responsibility and accountability in a fast-moving environment which stretches you.
You prioritise a practical approach to risk management over a theoretical one
You have strong management skills; you can build and manage a team of risk professionals
Leveraging your strong communication skills you can translate risk concerns and processes to multiple stakeholders.
You are resourceful and self-starting; you have an appetite for picking up areas in which you have limited experience
You are ambitious and attracted to Freetrade’s company mission and to building your career at a fast-paced scale-up
You are constantly looking to learn, whether deepening your risk knowledge or increasing your context from working across the company or from the financial sector

Benefits & Logistics
Freetrade is the place to accelerate your career. Our benefits package and ways of working are designed to attract and retain the most talented people who are dedicated to making an impact at Freetrade.
Here’s what’s on offer in 2025:
Office first culture – we have beautiful office spaces in central London and Budapest where four days a week you collaborate with colleagues in person, one of our core behaviours is that we’re a team that works better together.
Values – at Freetrade we live and breathe our values: Honesty , Focus and Grit . Expect to be asked about these in your interview!

Benefits In London:

Competitive salary – carefully benchmarked.
Holidays – 25 days plus UK public holidays. Your birthday off, plus one extra day for every year at Freetrade.
Enhanced pension – We’ll match your contributions up to 5%.
Group Life Insurance – Protect your loved ones with coverage at 5x your salary, ensuring financial security in any circumstance.
Private Health Insurance – Which includes access to high quality medical care, mental health support, dental and vision plans, Wellness programs and preventative care initiatives are also provided to ensure the wellbeing of your entire family.
Income Protection Cover – Safeguard your income with comprehensive coverage, ensuring financial stability in the event of illness or injury.
Enhanced parental leave – Time off when it matters most.
Flexibility for those who need it – We’re office-first, but life happens. Whether you’re a parent or have care responsibilities, we focus on output and trust you to manage your time.
Learning & Development – We fund industry qualifications so you can grow as a financial services professional.
Cycle to Work scheme – Get a high quality bike and gear through our salary sacrifice scheme, spreading the cost with tax free monthly installments.
Paid Sick Leave – Receive 10 days of fully paid sick leave each calendar year.

Following the completion of our acquisition by IG Group, you can expect our benefits package to further improve as we align with the broader offerings available across the group.
Interview Process
We keep things simple and transparent. Our process typically includes:

Initial interview – A chat with one of our Talent Specialists.
Hiring Manager interview – A deep dive into your skills and experience.
Task Presentation – Show us how you think and solve problems.
Executive interview – A conversation with our stakeholders, where we also assess cultural fit.

We are an Equal Opportunity employer committed to a diverse and representative team. Whatever your race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability – we want to hear from you.
To find out more about how we look after your personal data when you apply for a job with us, please see our Recruitment Privacy Policy here.
Please note we are not accepting agency CVs.

Seniority level

Seniority level

Director

Employment type

Employment type

Full-time