Head of Risk bei Moneyfarm

We’re a pan-European digital wealth manager with 130,000 active investors (growing fast!) and over €5 billion invested on our platform. With 220+ people across 4 offices in Italy and the UK, we’re supported and funded by Poste Italiane, Cabot Square Capital, United Ventures and Allianz. We started in 2011 in Milan with a simple vision - to help more people improve their financial well-being by making personal investing straightforward and accessible through technology. Fast forward a few years, and we’re known as one of the most innovative fintechs headquartered in the heart of London.

Mission

To provide investment solutions and advice to protect and grow client wealth through time.

Our Core Values:

We’ve built our business on three Principles:

• Relationships are our first asset: We’re one team, built on trust, honesty and transparency. We value our relationships above all else.
• Trust drives success: We give each other the space to grow. We empower our employees to succeed, so they can make a real impact.
• Our customers dream big, just like us: We see the bigger picture and we make sure our customers see it, too. We’re always focused on the best outcomes for our clients and for each other, no matter what the goal, or how big the dream

What this means in practice:

At Moneyfarm, diversity is the foundation of our competitive advantage. We value our employees for who they are – their backgrounds, experiences, talents, knowledge and individual differences. This is what makes us better at what we do. To accommodate our different needs and commitments, we offer flexible working to all. Our individual impact and output is what counts most.

About the role:

About the role

Reporting directly to the Chief Risk and Compliance Officer, the Head of Risk will be responsible for establishing and embedding an enhanced enterprise-wide risk management framework and leading the Moneyfarm risk management strategy across all areas of the business, including financial, operational, regulatory, and technology risks. 

The Head of Risk will partner with senior management and work closely with the executive team and Board to understand and quantify business risks, as well as working with Compliance to understand existing and emerging regulatory risks, to ensure robust governance and proactive risk management as we expand our business. 

Key Responsibilities

Risk Leadership & Strategy

• Define and implement the company’s enterprisewide 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.
• Develop a strong risk culture across the organisation.

Governance & Oversight

• Lead the risk function, including second line of defence oversight of operational, conduct, and financial risks.
• Actively participate in Risk Committees and support the Board Risk Committee.
• Report regularly to the Executive and Board on key risks and emerging issues.
• Lead the risk review for ICARA reporting.

Regulatory & Compliance Risk

• Ensure the firm’s risk management practices comply with FCA, Bank of Italy, CONSOB and other relevant regulatory standards.
• Work closely with Compliance and Legal teams to manage regulatory obligations.
• Prepare for regulatory reviews, audits, and inspections.

Controls Management  

• Establish, embed and oversee controls a new controls management framework. 
• Work with Control Managers to ensure controls are periodically tested; where possible this should be 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 artificial intelligence risks relevant to digital wealth management and the Moneyfarm business and, where possible, utilise artificial intelligence for risk management activities. 

Requirements

• Significant experience in risk management within fintech, digital wealth/asset management, or financial services essential.
• Strong understanding of UK and EU regulatory frameworks (FCA, Bank of Italy, ESMA, MiFID II).
• Proven ability to design, build or lead a risk function in a fast-paced, entrepreneurial environment.
  Experience with operational and technology risk, ideally within a digital-first business model.
• Excellent verbal and written 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.
• Familiarity with use of tech focused software and project management and collaboration tools such as Jira, Confluence, Slack, etc.   
• A proactive, solutions-oriented mindset with a “can-do” attitude.
• Able to work independently while contributing effectively as part of a team
• Discretion and an understanding of how to handle sensitive or confidential information appropriately.