Capital Risk Manager

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 Risk Manager to identify, quantify, and manage Revolut’s capital risk across Western Europe. You’ll operate within the second line of defence, ensuring that risks and controls are properly managed by first-line functions.

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What you'll be doing

• Setting standards for managing capital risk, including risk appetite, impact assessments, and responses to changes in capital risk regulations
• Preparing the local ICAAP and recovery plan
• Developing and maintaining risk management policies, procedures, limits, stress testing capabilities, analytics, system support, and reporting infrastructure
• Engaging and challenging first-line businesses to identify, monitor, and govern emerging capital risks, including new product risk assessments
• Monitoring capital risk exposures versus established limits (internal and regulatory), investigating risk events, producing related MI reports, and escalating breaches to the appropriate committee
• Identifying key financial and non-financial risks that require capital allocation
• Building financial models, enhancing existing ones, and forecasting for capital planning
• Proposing capital allocation limits and managing the approval process
• Establishing solid relationships with senior stakeholders across the Group to enforce current risk management frameworks, identify emerging risks, and provide effective challenge

What you'll need

• 5+ years of experience in capital risk management or management consulting in financial services
• Expertise in capital risk regulations, issues, and methodologies, including ICAAP and recovery planning
• An understanding of global financial markets, products, and key capital risk drivers
• Knowledge of risk-related regulations and their application/impact in the banking industry
• Expertise in various stress testing methodologies, model development, implementation, and governance
• The ability to break complex problems into smaller ones
• To enjoy working with data to facilitate your work
• The ability to work independently, exercise good judgement, and drive change
• Excellent interpersonal skills