At a Glance
- Tasks: Lead risk management and compliance strategies in a dynamic fintech environment.
- Company: Join a forward-thinking fintech company focused on innovation and compliance.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on technology and continuous improvement.
- Why this job: Make a significant impact on risk management while shaping the future of financial services.
- Qualifications: Extensive experience in risk and compliance within fintech or financial services.
The predicted salary is between 70000 - 90000 £ per year.
We are looking for a Senior Risk and UK Compliance Manager to join our Risk & Compliance team. Reporting directly to the Chief Risk and Compliance Officer, this role is responsible for establishing and embedding an enhanced enterprise-wide risk management framework, while also leading the UK Compliance function. The role will drive the Moneyfarm risk management strategy across all areas of the business, including financial, operational, regulatory, and technology risks. The role will own UK regulatory compliance, ensuring the firm meets all FCA obligations, including Consumer Duty, regulatory reporting, complaints oversight (including FOS), and SMF governance. The role will partner with senior management and work closely with the executive team and Board to understand and quantify business risks, ensure robust governance, and proactively manage regulatory obligations as we expand our business.
Key Responsibilities
- Risk Leadership & Strategy
- Define and implement the company’s enterprise-wide risk management framework and policies
- Work with the Board to set risk appetite
- Act as the primary advisor to senior leadership on all risk-related matters
- Own and drive the ICARA process
- Develop a strong risk culture across the organisation
- UK Compliance Leadership
- Act as the senior lead for UK Compliance, ensuring adherence to all FCA regulatory requirements
- Own and oversee the Consumer Duty framework, including monitoring, outcomes testing, and Board reporting
- Take responsibility for regulatory reporting, ensuring accuracy, completeness, and timely submission (e.g. RegData returns)
- Oversee complaints handling, including escalation and management of cases with the Financial Ombudsman Service (FOS)
- Maintain and enhance compliance policies and procedures aligned with FCA expectations
- Governance & SMF Responsibilities
- Support relevant Senior Management Function (SMF) holder(s) under SMCR
- Ensure robust SMF governance, responsibilities mapping, and Statements of Responsibilities
- Support certification and conduct rules frameworks
- Actively participate in Risk and Compliance Committees and support the Board Risk Committee
- Report regularly to the Executive and Board on key risks, compliance matters, and emerging issues
- Lead the risk review for ICARA reporting
- Regulatory & Compliance Risk
- Ensure the firm’s risk and compliance practices comply with FCA, Bank of Italy, CONSOB and other relevant regulatory standards
- Prepare for and lead regulatory reviews, audits, and inspections
- Work closely with Legal and global Compliance teams to manage regulatory obligations across jurisdictions
- Controls Management
- Establish, embed and oversee a controls management framework
- Work with Control analyst to ensure controls are periodically tested and, where possible, automated
- Operational & Technology Risk
- Oversee operational risk management, including incident reporting, business continuity, and outsourcing/vendor oversight
- Monitor technology, data protection, and cyber security risks, ensuring appropriate mitigation strategies
- Understand AI-related risks in digital wealth management and leverage AI where appropriate in risk management
Qualifications and Skills
- Significant experience in risk and/or compliance leadership roles within fintech, digital wealth/asset management, or financial services
- Strong understanding of UK regulatory frameworks (FCA, Consumer Duty, SMCR) and relevant EU frameworks (Bank of Italy, ESMA, MiFID II)
- Proven experience in UK Compliance, including regulatory reporting, FOS interactions, and Consumer Duty implementation
- Experience operating as or working closely with SMF holders
- Proven ability to design, build or lead a risk and/or compliance function in a fast-paced environment
- Strong understanding of operational and technology risk in a digital-first business model
Core Competencies
- Excellent communication skills with the ability to influence at Board and regulator level
- Strong organisational skills and the ability to manage time effectively in a fast-paced environment
- Ability to operate both strategically and hands-on
- AI-first mindset, with the ability to leverage data, automation, and emerging technologies to enhance risk management, compliance processes, and decision-making
- Familiarity with use of tech focused software and project management and collaboration tools such as Jira, Confluence, Slack, etc.
- Proactive, solutions-oriented mindset
- High level of integrity and discretion in handling sensitive information
- Comfortable working independently and collaboratively
- Proven ability to design, build or lead a risk function in a fast-paced, entrepreneurial environment.
Senior Risk & UK Compliance Manager employer: Moneyfarm
At Moneyfarm, we pride ourselves on being an exceptional employer that fosters a dynamic and inclusive work culture. As a Senior Risk & UK Compliance Manager, you will have the opportunity to lead critical risk management initiatives while collaborating closely with senior leadership and the Board in a fast-paced fintech environment. We offer competitive benefits, a commitment to employee growth, and a unique chance to shape the future of digital wealth management in the heart of the UK.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk & UK Compliance Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the fintech and compliance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company’s risk management strategies and compliance practices. Be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate; you’re the one they’ve been looking for!
✨Tip Number 3
Practice your pitch! You want to convey your expertise in risk and compliance clearly and confidently. Role-play with a friend or use online tools to refine your delivery. Remember, first impressions count!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. Let’s get you that Senior Risk & UK Compliance Manager role!
We think you need these skills to ace Senior Risk & UK Compliance Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Risk & UK Compliance Manager role. Highlight your experience in risk management and compliance, especially within fintech or financial services. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your past achievements in risk leadership and compliance that relate to our job description.
Showcase Your Regulatory Knowledge:Since this role involves a lot of regulatory work, make sure to showcase your understanding of UK regulatory frameworks like FCA and Consumer Duty. We’re looking for someone who can hit the ground running, so let us know what you know!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Moneyfarm
✨Know Your Regulatory Stuff
Make sure you brush up on the UK regulatory frameworks, especially FCA and Consumer Duty. Be ready to discuss how these regulations impact risk management and compliance in a fintech environment. Showing that you understand the nuances will impress the interviewers.
✨Demonstrate Leadership Experience
Prepare examples of your past leadership roles in risk and compliance. Highlight specific strategies you've implemented and how they improved compliance or risk management. This will show that you can take charge and drive the risk management strategy effectively.
✨Showcase Your Communication Skills
Since this role involves influencing senior management and regulators, practice articulating complex risk concepts clearly and concisely. Use examples from your experience where effective communication led to successful outcomes, as this will demonstrate your capability in this area.
✨Be Ready for Scenario Questions
Expect scenario-based questions that test your problem-solving skills in risk management. Think about potential risks in a digital wealth management context and how you would address them. This will showcase your strategic thinking and hands-on approach to risk and compliance.
