Head of Market Risk

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 50+ 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 10,000+ 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

Our Risk team sits at the very core of Revolut. Those special agents work across functions, products, and regions to monitor front-line performance and ensure that the business is on safe footing. People in the Risk team are among the first in the company to get involved in new business initiatives, from app technology, through treasury and finance, to customer support.

We’re looking for a Head of Market Risk to identify, quantify, and manage Revolut’s market and interest rate risk.

Up to shape the future of finance? Let’s get in touch.

What you'll be doing

• Developing and leading a best-in-class risk management framework for interest rate risk in the banking book (IRRBB) and traded market risk (FX, commodities, and crypto)
• Overseeing key market risk regulatory metrics, such as NII and EvE sensitivities
• Working with treasury and trading desks to make sure market risk drivers are properly identified and managed
• Leading risk’s contribution to IRRBB and traded market risk assessments for the Group ICAAP and ILAAP
• Developing and maintaining stress-testing and market risk models

What you'll need

• 9+ years of experience in market risk or related role, preferably in a global firm with centralised risk governance of subsidiaries
• Experience managing a team
• A broad understanding of global financial markets and products
• A solid understanding of banking regulations applicable to IRRBB and traded market risk
• Expertise in ESFL, VaR, and stress testing methodologies, with practical experience in model development, implementation, and governance
• Knowledge of techniques to measure and manage interest rate risks arising from non-trading activities (IRRBB)
• At least a 2:1 degree in a STEM subject from a top university
• The ability to break complex problems into smaller ones and to enjoy working with data
• Natural curiosity and an interest in making an impact

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.

Important notice for candidates:

Job scams are on the rise. Please keep these guidelines in mind when applying for any open roles.

• Only apply through official Revolut channels. We don’t use any third-party services or platforms for our recruitment.

• Always double-check the emails you receive. Make sure all communications are being done through official Revolut emails, with an @revolut.com domain.

We won't ask for payment or personal financial information during the hiring process. If anyone does ask you for this, it’s a scam. Report it immediately.

By submitting this application, I confirm that all the information given by me in this application for employment and any additional documents attached hereto are true to the best of my knowledge and that I have not wilfully suppressed any material fact. I confirm I have disclosed if applicable any previous employment with Revolut. I accept that if any of the information given by me in this application is in any way false or incorrect, my application may be rejected, any offer of employment may be withdrawn or my employment with Revolut may be terminated summarily or I may be dismissed. By submitting this application, I agree that my personal data will be processed in accordance with Revolut's Candidate Privacy Notice