Chief Risk Officer

Office: London

Remote: UK

About Revolut

People deserve more from their money. More visibility, more control, and more freedom. Since 2015, Revolut has been on a mission to deliver just that. Our powerhouse of products — including spending, saving, investing, exchanging, travelling, and more — help our 75+ million customers get more from their money every day.

As we continue our lightning-fast growth,‌ 2 things are essential to our success: our people and our culture. In recognition of our outstanding employee experience, we've been certified as a Great Place to Work™. So far, we have 13,000+ people working around the world, from our offices and remotely, to help us achieve our mission. And we're looking for more brilliant people. People who love building great products, redefining success, and turning the complexity of a chaotic world into the simplicity of a beautiful solution.

About the role

Risk at Revolut operates across all functions, products, and regions to monitor front-line performance and ensure the business operates safely. They’re among the first to be involved in new initiatives, from tech to customer support.

We’re looking for a Chief Risk Officer (SMF4) to join our UK Bank. You'll be accountable for independent oversight of the bank's risk management framework, ensuring the effective identification, measurement, and management of material risks while enabling sustainable growth.

Reporting directly to the UK CEO, and functionally to the Group Chief Risk Officer, you'll be a key member of our UK Bank's leadership.

What you'll be doing

Owning the risk appetite framework, and collaborating with the global Risk function
Monitoring adherence to risk appetite and escalating breaches
Assisting local ExCo in identifying and assessing risks associated with current and proposed business activities, including products, business relationships, and partnerships
Providing independent assurance on key operational risks, partnering across functions to address any identified gaps
Leading the ICAAP process and overseeing enterprise stress testing
Acting as the primary risk contact for the FCA and PRA on risk matters
Providing early warning, guidance, and advice on upstream and regulatory change, assessing key implications and contributing to and supporting the implementation strategy
Supporting in the development of robust business continuity plans, and providing ongoing assurance that these plans are current and tested
Developing and monitoring local risk registers, and ensuring agreed controls have been embedded into the business
Maintaining an effective second line of defence while providing independent challenge to first-line management
Reviewing outstanding risk issues from internal/external audits or reviews and regulator visits/inspections

What you'll need

15+ years of experience in risk within regulated or digital banks
A background in both financial and non-financial risk
An understanding of core enterprise risk management topics
Experience setting up and managing first or second-line risk functions
Familiarity with technical risk
The ability to create and implement simple, elegant solutions within a short period
Experience presenting to boards and risk committees
A track record in engaging directly with the FCA and PRA
Outstanding leadership skills

Nice to have

A degree in STEM or economics
Experience in a top-tier consultancy, first line of defence banking role, or recognised startup
Previous or existing SMF4 or equivalent approved person experience

Building a global financial super app isn’t enough. Our Revoluters are a priority, and that’s why in 2021 we launched our inaugural D&I Framework, designed to help us thrive and grow everyday. We're not just doing this because it's the right thing to do. We’re doing it because we know that seeking out diverse talent and creating an inclusive workplace is the way to create exceptional, innovative products and services for our customers. That’s why we encourage applications from people with diverse backgrounds and experiences to join this multicultural, hard-working team.
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