Director of Risk

5 days ago


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 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 2024, 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 1.6 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

The application process consists of a 4 stage process. You will initially have a zoom interview with one of our internal Talent Specialists, followed by a hiring manager interview with our Head of Risk and Compliance, you will complete an onsite task and conduct a final round Executive values based interview.

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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