At a Glance
- Tasks: Manage risk and compliance, ensuring effective oversight and reporting.
- Company: Join Lumon, a leading fintech empowering global transactions.
- Benefits: Competitive salary, generous leave, health schemes, and gym discounts.
- Other info: Hybrid work environment with excellent career development opportunities.
- Why this job: Be part of a fast-growing company making a real impact in fintech.
- Qualifications: 3+ years in risk management within financial services and strong communication skills.
The predicted salary is between 60000 - 75000 £ per year.
Lumon is a leading fintech company specialising in foreign exchange and international payments. We're passionate about empowering individuals and businesses to effortlessly manage their overseas transactions, but our mission goes far beyond moving money - we enable our clients' success through innovative risk management solutions that unite people, technology, and expertise.
The Risk and Compliance Manager will manage Lumon's Risk function and sit in the second line of defence, reporting to the Head of Risk and Compliance.
What will you be doing?
You will be part of the risk & compliance team, working closely with the Head of Risk and Compliance as well as the wider business in delivering an effective risk management programme for Lumon. This is a great opportunity to get stuck in with all aspects related to risk management. Some of the key activities you will expect include:
- Day to day management of the Enterprise Risk Management Framework
- Provide effective second line oversight of the ERM framework through ongoing engagement and providing effective challenging to first line stakeholders
- Overseeing maintenance of risk registers maintained by the first line and supporting the development of these
- Tracking and reporting of Key Risk Indicators, preparation of papers to governance forums
- Ownership of operational risk incident management, including triaging and ensuring timely resolution of remedial actions
- Overseeing the timely implementation of actions arising from 2nd and 3rd line assurance
- Undertaking operational/control assurance across various activities within Lumon
- Working with the CRO to produce high quality reports to governance committees
- Overseeing outsourcing and third party supplier arrangements, including undertaking initial and periodic reviews on new parties
- Maintenance of outsourcing registers and preparation of regulatory returns
- Ownership of Lumon's policy framework, including ensuring that all policies are appropriately reviewed and updated in a timely manner by policy owners
- Making updates to Lumon's Risk and Compliance policies as required
- Development and delivery of Risk and Compliance training across a range of subjects (e.g. conduct risk)
- Supporting the Risk & Compliance function with regulatory compliance matters
Experience
This role would suit someone who has:
- A minimum of 3 years' experience operating in an enterprise / operational risk role within financial services
- An understanding of FCA regulatory compliance matters relevant to an e-money institution or a non-SNI investment firm dealing in foreign exchange derivatives
- Working knowledge of regulations such as the EMRs 2011, PSRs 2017, MiFID II
- Strong verbal and written communication skills with stakeholders at all levels
- Able to get stuff done - we're a fast growing company and you will need an entrepreneurial mindset to thrive
- Can work independently and flexibly within a fast-moving environment
What can we offer you?
- Competitive base salary
- 25 days of annual leave, with a chance to purchase up to 5 more
- Birthday off
- 2 additional days off for 'Moments that Matter'
- Monthly lunch and social events
- Medicash health scheme
- Cycle to work scheme
- Season ticket loan
- Employee Assistance Programme
- Salary Sacrifice Pension
- 4x Life Assurance
- Enhanced maternity and paternity leave
- Access to gym discounts as well as a wide range of other benefits and discounts through our online portal
Lumon is proud to be an Equal Opportunity Employer. We are committed to equal employment opportunity regardless of race, colour, ancestry, religion, sex, sexual orientation, age, marital status, disability, or gender identity. If you consider yourself to have a disability or require any reasonable adjustment during the recruitment process or within the workplace, please highlight this at the earliest opportunity, we will provide appropriate support to you throughout the process.
Department: Compliance & Risk
Locations: 20 Farringdon
Remote status: Hybrid
Risk and Compliance Manager employer: Lumon
At Lumon, we pride ourselves on being a dynamic fintech leader that not only champions innovation in foreign exchange and international payments but also fosters a supportive and inclusive work environment. As a Risk and Compliance Manager, you will benefit from a competitive salary, generous leave policies, and a culture that encourages professional growth through ongoing training and development opportunities. Our hybrid working model and commitment to employee well-being, including health schemes and social events, make Lumon an exceptional place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Risk and Compliance Manager
✨Tip Number 1
Network like a pro! Reach out to folks in the fintech space, especially those who work in risk and compliance. Attend industry events or webinars, and don’t be shy about sliding into DMs on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FCA regulations and risk management frameworks. We want you to show off your expertise! Practice common interview questions and think about how your experience aligns with Lumon's mission. Confidence is key!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that resonate with your values. At StudySmarter, we believe in finding the right fit. Check out our website for roles that match your skills and interests, and tailor your approach to each company’s culture.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in leaving a positive impression. It shows you’re genuinely interested in the role and helps keep you top of mind for the hiring team. Plus, it’s a great chance to reiterate why you’re the perfect fit!
We think you need these skills to ace Risk and Compliance Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Risk and Compliance Manager role. Highlight your experience in enterprise risk management and any relevant regulatory knowledge. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how you can contribute to Lumon's mission. Keep it engaging and personal – we love to see your personality come through.
Showcase Your Communication Skills:Since strong communication is key for this role, make sure your application reflects that. Use clear and concise language, and don’t shy away from demonstrating your ability to engage with stakeholders at all levels. We appreciate clarity!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about Lumon and our culture!
How to prepare for a job interview at Lumon
✨Know Your Risk Management Framework
Familiarise yourself with Lumon's Enterprise Risk Management Framework. Be prepared to discuss how you would manage and oversee this framework, as well as your experience with similar structures in previous roles.
✨Brush Up on Regulatory Knowledge
Make sure you understand the FCA regulatory compliance matters relevant to e-money institutions and foreign exchange derivatives. Being able to articulate your knowledge of regulations like EMRs 2011 and MiFID II will show that you're serious about the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think of examples from your past experience where you've successfully managed operational risks or resolved compliance issues, and be ready to share those stories.
✨Show Your Entrepreneurial Spirit
Lumon is a fast-growing company, so demonstrate your ability to thrive in a dynamic environment. Share examples of how you've taken initiative or adapted quickly to changes in your previous roles to highlight your entrepreneurial mindset.
