Head of Risk & Regulatory Compliance
Toronto, CA
4d ago
source : Index Ventures

About the team

Our Risk and Regulatory teams sit at the very core of Revolut. It works across functions, products, and regions to monitor front-line performance and ensure that the business is on safe footing.

People in the Risk / Regulatory teams are among the first in the company to get involved in new business initiatives, from app technology, to treasury and finance, to customer support, if you want to gain priceless experience and exposure in one of the fastest-growing scale-ups in Europe, helping to make Revolut safer for our customers, employees and shareholders, then apply to join our Risk department today.

About the role

We're looking for a Head of Risk & Regulatory Compliance to join our team in Toronto. Reporting directly to CEO-Canada, and indirectly to the group CRO (UK), the successful candidate will be responsible for leading all risk and regulatory compliance activities in Canada.

The Head of Risk & Regulatory Compliance will help us navigate complex product regulations, develop and implement related risk and compliance frameworks.

This position requires partnering with legal and business teams on proposed actions, coordinating across multiple teams to implement processes and procedures.

There is a significant project management and operations component to this role.

What you'll be doing :

  • You will be heading the Canada Risk & Regulatory Compliance function, and will be responsible for the development of local risk management policies, strategies and risk appetite, and their alignment with the group risk-management framework
  • Assess and advise Revolut business partners on a broad range of compliance matters, including anti-corruption, securities, data privacy, cyber-security, conflicts of interest and other regulatory inquiries
  • Conduct risk assessments and internal investigations
  • Develop and implement policies and procedures to mitigate compliance risk
  • Assist in executing training and communication plans to ensure consistent application of compliance policies
  • Work with the engineering and operations resources to create robust compliance and control systems
  • Monitoring key risk indicators within the business against prescribed limits
  • Developing and validating model framework that are to be used by risk owners
  • Preparing internal and external risk reports
  • Responsible for conduct, compliance, operational and technology risks of Revolut in Canada
  • Ensure that the business grows in an orderly and controlled manner;
  • Raise awareness of relevant rules and regulations within Banking & Payment Services;
  • Together with our Partners, ensure Revolut remains compliant with all third-party policies, applicable legislation and card scheme rules;
  • Embed a Risk Awareness culture in the business;
  • What skills you need

    The successful candidate will possess the following :

  • Broad experience in managing risk and compliance issues in a regulated environment;
  • Proven Risk expertise in retail banking and experience with setting up a second line of defence function;
  • Knowledge of legislation and regulation relating to banking activities and card schemes;
  • Technical background with a strong, independent mind-set;
  • Development of local risk management policies, strategies and risk appetite, risk monitoring, reporting and risk governance
  • Preparing internal and external risk reports;
  • Strong understanding of the interplay between legal and business risk;
  • Able to demonstrate sound judgment;
  • Deep understanding of the regulatory environment in Canada, specifically of :

    I. Proceeds of Crime (Money Laundering) and Terrorist Financing Act

    Iii. Bank Act

    Iv. Privacy Regulations

    A little about us

    We believe that there are better ways for people to control their money. Easier, fairer ways.

    Revolut started in 2015 with card transactions abroad without rubbish exchange rates or hidden fees. We’ve since added business accounts, vaults, insurance and even access to cryptocurrency exposure.

    We reached 10 million customers as we rolled into 2020 and we're adding another million every quarter.

    What we are looking for

  • From employee 1 to employee 1000, you will be slotting into a global team that shares a number of traits.
  • You can work autonomously and take ownership. We thrive with the space and responsibility to solve problems.
  • You operate best without lots of bureaucracy. We don’t hide behind fancy job titles or clunky processes because that’s how things are done’.
  • You approach work in a logical way. We are not afraid to make mistakes but we use data and logic to backup decisions and improve understanding.
  • And you share our mission to improve people’s relationship with their money.
  • Competitive salary

    Biannual equity bonuses

  • All the latest tech you need
  • Skip the commute and work from home once a week
  • Roll with a free Revolut Metal subscription
  • Health & Dental coverage

  • Don’t panic about cooking : get free dinners
  • Please only submit an application for one posting.
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