Octopus Money – Head of Risk

Job title:

Octopus Money – Head of Risk

Company

Octopus

Job description

Company DescriptionThis role would be to be employed by Octopus Money who are a part of the Octopus Group – you can find out more at https://octopusmoney.com/Job DescriptionWe’re looking for a dynamic risk leader to join us on our mission to make financial advice accessible to all.The role and opportunityThe Head of Risk will own the risk management framework and measurement for Octopus Money and work closely with the Head of Compliance to run the second line of defence. They will be excited about working in a context that combines humans and technology to deliver advice, and understand the importance of flexibility and creativity in creating a control framework that is fit for purpose. They will have a passion for building a function that acts as a co-creator with the first line, while providing assurance to the Risk Management Committee and Board that risk management, and risk culture, are well embedded within the firm.Day to day you will be:

• Refining and owning the risk management framework and risk appetite for Octopus Money, and providing real-time measurement of performance against risk appetite
• Leading in setting and embedding risk culture, alongside the Head of Compliance and Head of Training and Competence
• Working with delivery and proposition teams to design controls in tandem with customer propositions
• Developing a reporting suite that allows the firm to understand – real time – our risk posture
• Being a thought leader on risk management within a modern hybrid advice firm, ensuring the most appropriate and efficient ownership between 1st and 2nd line.
• Working as part of a creative management team to find the best answer for the customer, not the easy answer
• Supporting the M&A team on due diligence and acquisitions of regulated firms
• Experienced in Crisis Management and lead the development and execution of crisis management and business continuity plans to ensure organisational resilience

QualificationsAbout YouA genuine desire to help people
We are a mission-driven business, so it’s important that you can demonstrate a strong desire to help people and improve their lives.Collaborative and a great team player
We’ve built a great team of top performers, and you’ll need to work with others from across the business to identify problems, agree solutions and implement changesProblem solver at heart with an analytical mindset
You should be someone who gets excited by complex problems and can find creative ways to solve them no matter what your level of knowledge and experience with the subject matter and with minimal supervision. You should be able to digest and filter complexity to extract the most important details from a scenario and identify ways forward.Goal driven and not afraid to get stuck in
We like to set ambitious goals and find creative ways to hit them, even if that means rolling up our sleeves and doing manual tasks before we’ve managed to fully automate them. You should have a bias towards action and getting things done.Good technical knowledge
You should be able to analyse client interactions and files to identify key risks and development opportunities around Consumer Duty, Advice/Guidance boundary, Suitability coaching and soft skills.Knowledge required

• 5+ year experience of risk management within financial services, preferably with some experience of financial advice or wealth management

Proven track record of developing and implementing effective risk management strategies and frameworksStrong knowledge of risk management principles, methodologies, and toolsYou will be able to produce and deliver training on key business themes and needs as and when requiredNice to have (but not necessary)

• Knowledge around the suitability of advice and the advice/guidance boundary.

Additional InformationAbout Octopus GroupOctopus is a group of companies which invests in the people, ideas and industries that will help to change the world. We collectively believe that the companies serving two of our most important needs – our financial wellbeing and our planet’s future – are failing. And we want that to change. We want everything we do, whether that’s in financial services or energy supply, to have a positive impact on the people it touches. The energy supply business – Octopus Energy is the #1 rated UK energy supply business, and the only one to be recommended by Which? three years in a row.Perks & BenefitsMake a difference
We’re on a mission to help millions of people improve their finances. Seeing the impact we can make on our client’s lives is deeply rewarding, and motivates the whole team to keep doing more to improve our service. Our client feedback is extremely positive, with a rating of .Flexible working
We currently operate a hybrid model which is a mix of office and remote. You’ll have the option of working from home 2 days per week (Monday and Friday) with the remainder from our central London office in Holborn.Work from anywhere
We give an 18 day work from anywhere allowance to swap out the on site days or take some time working from another country. Due to regulations this does not apply to individuals that give regulated financial advice.Join a great team
We’re a diverse team with decades of experience in financial services and a proven track record. We don’t like office politics, and believe in treating everyone with transparency and respect.Rapidly grow your career
We believe in hiring people who are better than us, and giving them opportunities to achieve great things. As we continue to scale up, there will be opportunities for ambitious new joiners to demonstrate their skills and take on bigger roles.Share incentive plan and team bonus
Being part of Octopus we benefit from the group share incentive plan. In addition, for those who are not commission based we offer a team bonus provided we meet our team goals.Pension, enhanced parental leave, private medical insurance & other benefits
As an Octopus Money employee you’ll get access to a company pension, enhanced parental leave, PMI and other benefits to make sure you’re healthy and happy, now and in the future!—We believe in equal financial education for everybody, no matter their background. We pride ourselves on building an inclusive working environment where diversity is celebrated.We do not and never will discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other protected characteristic.Our Values
At our core, we believe that how a company behaves is just as important as what it does. That’s why we chose to become an accredited B Corp (the equivalent of a Fairtrade coffee stamp but for companies) and to change our Articles of Association so that the interests all our stakeholders – employees, customers, communities, environment and shareholders – are considered in every decision we make.We’re committed to creating a diverse and inclusive employee experience for all. We promote equal opportunities for growth and development regardless of race, gender, religion, sexual orientation, age, disability, or socio-economic background. We believe strongly that teams are at their best when every member of the team feels safe to bring their whole self to work.

Expected salary

Location

London

Job date

Sat, 21 Sep 2024 22:51:56 GMT

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