Senior Risk & UK Compliance Manager

We are a rapidly growing pan-European digital wealth manager, serving over 167,000 active investors with more than £5.5 billion invested on our platform. We began in Milan in 2011 with the purpose to help more people improve their financial well-being by making personal investing simple and accessible through technology. Fast forward to today, and we are recognised as one of the most innovative fintechs, headquartered in the heart of London.

With a team of 220+ people across 4 offices in Italy and the UK, we are proudly backed and funded by major partners including Poste Italiane, Cabot Square Capital, United Ventures, and Allianz.

Our vision

Our vision is to combine passion, expertise, and technology to provide best-in-class investment solutions and advice that protects and grows client wealth over 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, our success comes from the impact each of us makes. We move with purpose, urgency, and ambition, focused on delivering outcomes that matter for our clients and our business. Everyone is empowered to take ownership, challenge the status quo, and turn bold ideas into results. As we evolve, we embrace AI as a catalyst for sharper thinking, smarter decisions, and even greater impact.

Our diversity makes this possible. Different perspectives, backgrounds, and experiences fuel our creativity and drive better decisions — it’s our competitive edge. We value people for who they are and their unique strengths: that's why we offer flexible ways of working to support them in doing their best work.

About the role:

We are looking for a Senior of Risk and UK Compliance Manager to join our Risk & Compliance team.

Reporting directly to the Chief Risk and Compliance Officer, this role is responsible for establishing and embedding an enhanced enterprise-wide risk management framework, while also leading the UK Compliance function. The role will drive the Moneyfarm risk management strategy across all areas of the business, including financial, operational, regulatory, and technology risks.

The role will own UK regulatory compliance, ensuring the firm meets all FCA obligations, including Consumer Duty, regulatory reporting, complaints oversight (including FOS), and SMF governance.

The role will partner with senior management and work closely with the executive team and Board to understand and quantify business risks, ensure robust governance, and proactively manage regulatory obligations as we expand our business.

Key Responsibilities:

Risk Leadership & Strategy

• Define and implement the company’s enterprise-wide 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
• Own and drive the ICARA process 
• Develop a strong risk culture across the organisation

UK Compliance Leadership

• Act as the senior lead for UK Compliance, ensuring adherence to all FCA regulatory requirements
• Own and oversee the Consumer Duty framework, including monitoring, outcomes testing, and Board reporting
• Take responsibility for regulatory reporting, ensuring accuracy, completeness, and timely submission (e.g. RegData returns)
• Oversee complaints handling, including escalation and management of cases with the Financial Ombudsman Service (FOS)
• Maintain and enhance compliance policies and procedures aligned with FCA expectations

Governance & SMF Responsibilities

• Support relevant Senior Management Function (SMF) holder(s) under SMCR
• Ensure robust SMF governance, responsibilities mapping, and Statements of Responsibilities
• Support certification and conduct rules frameworks
• Actively participate in Risk and Compliance Committees and support the Board Risk Committee
• Report regularly to the Executive and Board on key risks, compliance matters, and emerging issues
• Lead the risk review for ICARA reporting

Regulatory & Compliance Risk

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

Controls Management

• Establish, embed and oversee a controls management framework
• Work with Control analyst to ensure controls are periodically tested and, where possible, 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 AI-related risks in digital wealth management and leverage AI where appropriate in risk management

Requirements

Qualifications and Skills

• Significant experience in risk and/or compliance leadership roles within fintech, digital wealth/asset management, or financial services
• Strong understanding of UK regulatory frameworks (FCA, Consumer Duty, SMCR) and relevant EU frameworks (Bank of Italy, ESMA, MiFID II)
• Proven experience in UK Compliance, including regulatory reporting, FOS interactions, and Consumer Duty implementation
• Experience operating as or working closely with SMF holders
• Proven ability to design, build or lead a risk and/or compliance function in a fast-paced environment
• Strong understanding of operational and technology risk in a digital-first business model

Core Competencies

• Excellent 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
• Ability to operate both strategically and hands-on
• AI-first mindset, with the ability to leverage data, automation, and emerging technologies to enhance risk management, compliance processes, and decision-making
• Familiarity with use of tech focused software and project management and collaboration tools such as Jira, Confluence, Slack, etc.   
• Proactive, solutions-oriented mindset
• High level of integrity and discretion in handling sensitive information
• Comfortable working independently and collaboratively
• Proven ability to design, build or lead a risk function in a fast-paced, entrepreneurial environment.