Location: Toronto, Canada


About Us

When Revolut was founded in 2015, we had a vision to build a sustainable, digital alternative to traditional big banks. Our mission now is to help our customers improve their financial health, empower them to have more control, and promote financial cohesion across the communities in which we operate. Launching into 2020 with 10 million Personal customers and over a quarter of a million Business customers only reinforced our belief in the vast need across the world for better financial services. As our customer base has boomed in the last year, we’ve expanded our team to match that growth. We started 2019 with several hundred employees; we closed it out with 2000.


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.


 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;


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     ii.         FINTRAC    
iii.         Bank Act    
iv.         Privacy Regulations

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Categories: Financial Services
Types: Full Time

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