Risk and Compliance Manager

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Our team plays a key role in delivering Octopus Moneys mission. We work together to build a gold-standard approach that bridges the gap between complex regulatory requirements and accessible financial advice. We care about doing meaningful work moving quickly and learning as we go.

Were looking for a Risk & Compliance Manager to join us reporting to the Head of Risk and Compliance (SMF16). Youll help us with high-quality risk regulatory oversight and constructive compliance support across regulated financial advice investments platform operations and retail investment distribution. Youll also contribute to how we grow and support more people.

This is a great opportunity for someone who enjoys working in a collaborative setting and has a genuine desire to help people improve their finances. Youll learn fast work across the business and see the impact of your work every day.

About Octopus Money

Were on a mission to become the most recommended financial services business in the UK

Money shapes every part of life. Yet most people never get the support they need:

• Half of Brits reach retirement age without enough to live the life they want
• Financial stress is a leading cause of poor mental health
• Only 8% of people have access to 1-to-1 financial advice

Theres no shortage of information. What people actually need is clarity guidance and a plan that makes sense for them.

Thats where we come in.

Octopus Money brings together financial planning investment expertise and smart technology so people can understand their options and take action with confidence. We help people build a clear plan for their savings investments and pensions and make investing simple with managed portfolios built by experts. We also support employers who want their teams to feel more secure and in control.

Some people need regulated advice. Others need coaching. Many need both at different points in life. Our service adapts to what each person needs.

We believe everyone deserves money support that works for real life.

The role

As Risk & Compliance Manager your day will involve:

• Regulatory Strategy & Change
  Interpreting FCA rules and guidance translating into meaningful business processes and leading horizon scanning for emerging regulatory trends.
• Risk & Compliance Framework Delivery
  Manage and continually improve the risk and compliance monitoring framework using AI where appropriate to monitor financial promotions platform operations Consumer Duty complaints vulnerability advice suitability and the firms risk and control profile.
• Investment Governance
  Manage MiFID activities (Best Execution product governance and fees) and support the ICARA process.
• Advice & Suitability
  Second line management of advice delivery risk and controls including monitoring the advice guidance boundary advice quality Training & Competence (T&C) framework and client file dip testing. You will work closely with first line colleagues forming trusted relationships.
• Regulatory Liaison
  Supporting SMF16 liaising with the FCA managing inquiries regulatory returns and reporting to the Audit and Risk Committee.
• Culture & Leadership
  Partnering with internal audit to foster a firm-wide culture of accountability and compliance.

From the second line of defence youll work closely with senior stakeholders across the company helping us ensure effective risk and compliance delivery and drive a culture of integrity. You will be part of a fast-paced tech-led and innovative environment.

In this role success will be measured by:

• Scalable Frameworks: Designing and embedding pragmatic risk and compliance processes that support our growth.
• Values-Led Ownership: Acting as a guardian of our customer-first culture ensuring regulatory requirements are aligned with our mission to help more people.
• Cross-Functional Partnership: Working as a business enabler with Product Ops and Advice teams to solve complex problems collaboratively.
• Operational Excellence: consistently meeting regulatory deadlines and providing high-quality monthly risk and compliance reporting.

We value people who:

Make every conversation matter
You care about how you make people feel. You communicate clearly listen well and build trust with customers and colleagues. You want every interaction to move things forward.

Move with urgency and focus
You like getting stuck in. You care about making progress not always perfection. You stay focused on what matters learn quickly and find smart ways to keep things moving.

Own it
You take responsibility for your work and the outcomes it creates. Youre comfortable solving problems making decisions and tackling challenges head on. You hold yourself to a high standard and want to make a real impact.

What we look for

• Typically 4 years within FCA-regulated firms specifically in Second Line of Defence roles.
• Practical experience in wealth management financial advice or investment platform businesses.
• Knowledge and understanding of MiFID conduct requirements Consumer Duty and SMCR.

Operational Skills

• Proven track record in conducting compliance monitoring reviews.
• Strong command of UK retail investment advice regulation.
• Ability to influence and provide constructive challenge to stakeholders at all levels.
• An analytical approach to identifying and mitigating regulatory risk.

Education & Certifications

• Highly Desirable: CII Level 4 (or equivalent Pension and Investment Advice qualification).
• Desirable: Relevant professional qualifications such as ICA CISI or legal credentials.

The interview process

Our interview process typically includes:

• An intro call with our talent team
• A competency-based interview with the hiring manager
• An interview with our Group Chief Risk Officer
• A conversation focused on how you work and what you value with our CEO

Well keep it simple and respectful of your time and youll meet the people youll actually work with. Our average process takes around four weeks but well always work around your availability.

Whats in it for you

A base salary: 70000 to 80000 DOE benefits

We want people to grow here to feel supported and to feel proud of the impact they make!

Youll get:

• 18 days a year working from anywhere (for non regulated roles)
• Bonus for non-commission based roles
• Company pension
• Private medical insurance
• Enhanced parental leave
• Birthday day off
• A supportive team who care about what they do
• The chance to help people improve their lives

Please note as a regulated business we are required to run background checks for all employees which covers adverse financial and unspent convictions. These will only take place upon a successful job offer.

About Octopus Group
Were part of the Octopus Group: a privately-owned business thats been doing things differently for 25 years. Octopus sets out to build businesses that will outlive us and create a better world for future generations including brands such as Octopus Energy Octopus Investments and Octopus Legacy.

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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 or disability status.

If you require support completing your application please contact

Required Experience:

Manager

Employment Type : Full Time
Experience: years
Vacancy: 1
Monthly Salary Salary: 70000 - 80000