Risk and Compliance Manager, Octopus Money
£70-80k
Mid and Senior level
London
3+ days a week in office
Making advice and investing accessible for all
Posted today
Making advice and investing accessible for all
101-200 employees
FintechB2CB2BPersonal financeFinancial Services
Posted today
£70-80k
Mid and Senior level
London
3+ days a week in office
101-200 employees
FintechB2CB2BPersonal financeFinancial Services
Company mission
To become the most recommended financial services business in the UK.
Role
Who you are
- 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
- You take responsibility for your work and the outcomes it creates. You’re comfortable solving problems, making decisions and tackling challenges head on. You hold yourself to a high standard and want to make a real impact
- 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
- 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
- Highly Desirable: CII Level 4 (or equivalent Pension and Investment Advice qualification)
- Desirable: Relevant professional qualifications such as ICA, CISI, or legal credentials
What the job involves
- We’re looking for a Risk & Compliance Manager to join us, reporting to the Head of Risk and Compliance (SMF16)
- You’ll help us with high-quality risk, regulatory oversight and constructive compliance support across regulated financial advice, investments, platform operations and retail investment distribution
- You’ll 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. You’ll learn fast, work across the business and see the impact of your work every day
- 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 firm’s 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, you’ll 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
Application 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
- We’ll keep it simple and respectful of your time, and you’ll meet the people you’ll actually work with. Our average process takes around four weeks but we’ll always work around your availability
Salary benchmarks
Our take
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 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. There's no shortage of information and what people actually need is clarity, guidance and a plan that makes sense to them.
That's where Octopus Money comes in. They bring together financial planning, investment expertise and smart technology so people can understand their options and take action with confidence.
They help build a clear plan for their savings, investments and pensions and make investing simple with managed portfolios built by experts. On top of this, they also support employers who want their teams to feel more secure and comfortable. So while some people may need regulated advice, others coaching, or both, their service adapts to every use case.
Freddie
Company Specialist at Welcome to the Jungle
Insights
B Corporation
Company
Company benefits
- 18 day “work from anywhere” allowance every year (you can choose to work from home or anywhere, including other countries)
- 6% company pension
- Enhanced maternity, paternity, adoption or shared parental leave, if you’ve been with us for at least 15 months: 6 months fully paid leave for primary carers, 2 months fully paid leave for secondary carers
- Private health insurance through Aviva
- Employee Assistance Programme offering a 24/7 confidential advice line for you and your immediate family members
- Discretionary up to 10% bonus at the end of each financial year, based on the performance of the company
- Access to the Octopus Group Share Incentive Plan
- Paid therapy via Spill
Company values
- Make Every Conversation Matter - We care deeply about how we make customers and colleagues feel – on every call, email, screen and event. It won’t always be perfect, but we’ll always work harder to keep making it better.
- Move with Urgency and Focus - We’re impatient to make remarkable things. We focus on what matters most, make fast initial progress and then iterate forward.
- Own It - We take full ownership of our work – from the smallest detail to the final outcome. We have the courage to break new ground, to hold ourselves and each other accountable, to tackle challenges head-on and find solutions that make a lasting impact.
Company HQ
Holborn, London, UK
Articles
Leadership
Dan Marsh
(CEO)Dan joined Octopus in 2014 and quickly progressed through sales leadership roles to board level positions across the portfolio. Made CEO of Octopus Money in 2026.
Diversity, Equity & Inclusion at Octopus Money
- 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.
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