Director of Risk

1 week ago


London, Greater London, United Kingdom Molten Ventures plc Full time
Director of Risk

Department: Risk & Compliance

Employment Type: Permanent - Full Time

Location: London

Description

Director of Risk,
London

At Freetrade, we're on a mission to get everyone investing.

As part of our team, you'll be at the heart of this mission, utilising cutting-edge technology to create a seamless investing experience for our users. We've built an intuitive mobile-first platform for buying and selling shares and ETFs in a range of tax-efficient accounts.

In 2024 we're continuing international expansion, following our successful entry into the Swedish market and the opening of our new office in Budapest. This expansion presents exciting opportunities for career development and innovation.

We value diversity and unique perspectives, recognising that different backgrounds enrich our team. If you're passionate about finance and investing, we want you to join us and be part of something truly transformative.

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 CFO. 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 huge scope for professional growth, as our company continues to scale and as we launch our services across Europe from our Swedish subsidiary and continue to develop our product offering.

You will:
  • Be a key leader within our Oversight function - working alongside our Director Compliance, Head of Legal, Head of Finance and CASS Directors.
  • 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, market risk, counterparty credit risk and liquidity risk.
  • Maintain and enhance the framework and tools (including Key Risk Indicators) for identifying, assessing and documenting risks in our business today, as well as those we will face as we expand to new territories and roll out new products
  • Drive the documentation of the risk framework including creating or updating risk and related policies and procedures
  • In partnership with the Compliance team, ensure we meet regulatory requirements and expectations with respect to our risk management framework and processes, both now and as we grow.
  • 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 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
  • Coordinate the delivery of Business Continuity and Disaster Recovery frameworks, working with the COO and CTO as needed including policies, plans and testing
  • 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
  • Own the day to day relationship with Freetrade's outsourced Internal Audit provider
  • Drive Risk reporting to senior management, including taking ownership for the risk sections of the Risk & Compliance Committee report, leading the relationship with the Board Audit & Risk Committee Chair and reporting, and owning summary Board reporting to both the Freetrade Limited and Freetrade Europa Boards.
  • Maintain and enhance methodologies and tools for quantifying Operational and Business risk as part of the capital adequacy process / ICARA process for both Freetrade Limited and Freetrade Europa including the Solvent Wind Down document.
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 of working on and delivering ICARAs
  • 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 are able to build and manage a team of risk professionals
  • Leveraging your strong communication skills you can translate risk concerns and processes to to a variety of stakeholders (including non-exec, executive and first line employees) from a diverse group of disciplines, including non-financial ones
  • You are resourceful and self-starting; you have appetite for picking up areas of which you have limited past experience
  • You are ambitious and attracted to Freetrade's company mission and to building your career at a fast-paced scale-up
  • You are excited by working in continual partnership with the product verticals and across functions
  • 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
Interview Logistics & Benefits

The application process consists of a 4 stage process. You will initially have a zoom interview with one of our internal senior talent partners, followed by a hiring manager interview with our CFO, you will then complete an onsite task and conduct a final round Co-Founders executive/values based interview.

Benefits :

We offer a competitive salary as listed in this job description advertisement, plus stock options and lots of other benefits .

You'll have a stake in the company you're building, with stock options benchmarked to US companies.

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. We're very open about what we're working on, and the best places to learn more are our buzzing community forum and our blog.

Please note we are not accepting agency CVs.

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