At a Glance
- Tasks: Lead and scale MillTech's Co-Pilot Advisory business, optimising client strategies and enhancing decision-making.
- Company: Join a pioneering tech firm revolutionising risk management and liquidity solutions since 2020.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on innovation and client success.
- Why this job: Be at the forefront of financial technology, making impactful decisions for top-tier clients.
- Qualifications: 8-12+ years in financial risk advisory with strong Python and quantitative skills.
The predicted salary is between 80000 - 100000 £ per year.
MillTech provides advanced FX Hedging and Cash Investment solutions to increase market access, reduce costs and automate manual workflows. With a focus on automation, integration and connectivity, we have pioneered an independent risk management and liquidity solution for fund managers, institutions and global corporates, which is purpose-built to deliver best execution at scale. Since its inception in 2020, the MillTech platform has grown to support over $500bn in annual FX volume and over $35bn in client programs and is now trusted by some of the world’s largest institutions. In 2026 MillTech announced its most recent funding round with Apax Partners which valued the company at $325m.
The opportunity: MillTech is seeking a commercially driven and technically strong Head of Risk Advisory to lead and scale its new advisory revenue line built around the MillTech Co-Pilot platform. This role sits at the intersection of risk advisory, capital markets expertise, and technology-enabled analytics. You will define, build, and lead a differentiated advisory offering that leverages Co-Pilot to help clients enhance their decision making, optimise hedging strategies, and execute trading programs with confidence across different asset classes. The successful candidate will combine deep expertise in financial risk (Rates, FX, Cash, Fund Finance and broader market exposures) with the ability to translate analytics into actionable client strategies—and crucially, monetise this capability as a scalable e-advisory business. Critically, you will be technically fluent: comfortable working directly with Python-based analytics, derivative pricing models, and risk quantification frameworks, and capable of bridging the gap between the Co-Pilot platform and high-touch client advisory delivery.
Key Responsibilities:
- Build & Scale the Co-Pilot Advisory Business
- Lead and commercialise MillTech’s Co-Pilot Advisory offering as a defined revenue stream.
- Develop the go-to-market strategy, productise the service and develop pricing models.
- Identify target client segments, build a pipeline and convert opportunities into long-term client engagements.
- Collaborate cross-functionally with Product, Tech, Quant, Sales, and Leadership teams.
Client Advisory & Delivery
- Act as a senior escalation point and trusted advisor for key clients/ Lead client conversations on Interest Rate, FX, and broader market risk exposures.
- Support clients in developing and implementing hedging and risk management strategies aligned to their portfolios and risk appetite.
- Translate complex analytics — including sensitivity outputs, scenario results, and VaR metrics — into clear, actionable insights for senior stakeholders and boards.
Technology-Enabled Advisory
- Embed the MillTech Co-Pilot platform at the core of all advisory services.
- Bridge the gap between quantitative modelling and commercial decision-making.
- Use Python and Co-Pilot to build and deliver bespoke client analytics, including: yield curve construction and bootstrapping (OIS/SOFR/SONIA), Monte Carlo simulation for cash flow at risk and scenario analysis, derivative pricing (IRS, caps/floors, FX options), DV01/BPV/delta-gamma sensitivity calculations, and portfolio-level stress testing and scenario analysis.
- Provide feedback into product development to enhance Co-Pilot capabilities based on client needs.
- Structure and advise on derivative transactions and hedging solutions (primarily interest rate and FX, with exposure to inflation/commodities where relevant).
- Conduct quantitative and qualitative analysis of client portfolios, including hedge ratio optimisation and counterparty exposure assessment.
- Establish MillTech as a thought-leader in tech-enabled risk advisory.
Skills & Experience
- Technical & Quantitative
- Proven understanding of interest rate and FX risk management for leveraged and unleveraged portfolios across real estate, infrastructure, private credit, and/or corporate treasury.
- Strong command of interest rate and FX derivative instruments: vanilla and structured IRS, cross-currency swaps, caps, floors, swaptions, FX forwards and options.
- Proficiency in Python for financial analysis — specifically: derivative pricing (QuantLib or equivalent), yield curve bootstrapping (OIS, SOFR, SONIA curves), Monte Carlo simulation for scenario/cash flow at risk modelling, and VaR / CVaR calculation methodologies.
- Experience with sensitivity analysis frameworks: DV01, BPV, delta/gamma for options books, and portfolio-level Greeks aggregation.
- Ability to build, interpret, and quality-control financial models in Python and/or Excel (VBA), including stress testing and scenario analysis.
- Familiarity with data platforms and analytics tools (e.g. Bloomberg, Refinitiv, or similar), and comfort working with structured financial datasets.
- Commercial & Advisory Experience
- 8–12+ years of experience in financial risk advisory, derivatives, treasury, capital markets, or debt advisory.
- Proven track record of building client relationships and generating revenue in a fee-based advisory or structuring context.
- Experience structuring, modelling, and executing derivative transactions for institutional clients.
- Ability to communicate complex quantitative concepts clearly to non-technical stakeholders and senior decision-makers.
- Experience working with or alongside technology platforms and analytics tools as part of an advisory workflow.
Head of Risk Advisory, Europe in London employer: MillTech
MillTech is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration at the forefront of financial technology. With a strong emphasis on employee growth, MillTech provides opportunities for professional development and the chance to lead cutting-edge advisory services in a rapidly expanding market. Located in Europe, employees benefit from a vibrant culture that values diversity and encourages creative problem-solving, making it an ideal place for those seeking meaningful and rewarding careers in risk advisory.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Risk Advisory, Europe in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like MillTech. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Head of Risk Advisory, Europe in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to MillTech.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on MillTech's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at MillTech
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with MillTech.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at MillTech will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former MillTech employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
