Head of Risk UK (Crypto)

As Head of Risk UK (Crypto) at Capital.com, you will build and lead the independent second line risk function for Capital Vault UK (CVUK), the FCA registered crypto-asset business of Capital Vault Group. This is a dual-hat role: alongside the CVUK mandate, you will act as deputy to the Group Head of Risk and take primary ownership of building the Group's financial and prudential risk framework to be applied across regulated entities as they are onboarded. You will report to the Group Head of Risk, set local risk direction, maintain risk appetite within Group boundaries, and ensure the business operates within approved limits while scaling. This position carries regulatory responsibilities and is expected to be subject to FCA fit and proper assessment.

What you'll do

• Own and drive the CVUK risk strategy, aligned with Group risk strategy, the business plan, and FCA expectations; set and maintain local risk appetite within Group Risk Appetite Statement boundaries
• Own and lead the Group's financial and prudential risk framework covering credit, liquidity, capital, cost, market, and concentration risk; lead Group and entity ICARA processes end to end, including capital planning and wind down planning
• Design and lead the stress testing programme covering crypto market shocks, client behaviour, liquidity withdrawal, counterparty failure, and operational disruption
• Set and monitor risk limits for crypto liquidity providers, exchanges, custodians, and banking partners; oversee counterparty due diligence, concentration risk, and contingency planning
• Provide second line oversight of crypto-asset custody arrangements, key management, client asset safeguarding, and on-chain settlement risk
• Oversee the CVUK RCSA cycle, incident and issue management, control testing, and KRI monitoring in the Group GRC platform
• Provide oversight of operational resilience, cybersecurity risk, and change management, leveraging group technology risk arrangements
• Oversee CVUK's critical third party arrangements including custody, cloud, and blockchain analytics providers; ensure robust due diligence, ongoing monitoring, and exit plans
• Maintain the CVUK risk register and KRIs; deliver decision-ready reporting to the CVUK Board and Audit and Risk Committee, including appetite breaches, emerging risks, incidents, and remediation progress
• Maintain close relationships with the FCA and support regulatory submissions, inspections, and remediation of findings; ensure audit readiness and disciplined evidence management

What you bring

• Proven, hands-on experience with crypto-assets and digital assets
• Experience in risk management within regulated financial services with demonstrable depth in financial and prudential risk (credit, liquidity, capital, market, concentration, and cost risk)
• Strong expertise in FCA requirements, including the UK cryptoasset regime and prudential frameworks (IFPR, ICARA or ICAAP)
• Proven experience managing outsourced or shared service risk functions: defining service requirements, monitoring delivery quality, and escalating shortfalls
• Proven experience engaging with Boards and committees, managing escalation processes, and supporting regulatory inspections and audits
• Strong command of capital adequacy, liquidity and market risk, stress testing and scenario design, wind down planning, and counterparty risk
• Proven ability to build and lead an independent risk function, deputise credibly at group level, and challenge senior stakeholders with clarity and discipline
• High ethical standards, independence of judgment, and ability to meet FCA fit and proper expectations

Nice to have

• Brokerage or trading platform experience
• Prior FCA approval or fit and proper clearance
• Understanding of crypto market structure, custody models, and on-chain risk
• Professional risk qualifications (FRM, PRM, CFA)

What we offer

• Competitive salary commensurate with your skills and experience
• Work-life harmony with genuine support for your life outside work
• Generous annual leave policy to recharge and enjoy life outside work
• Comprehensive health and pension benefits including location-specific benefits and perks
• 30 additional days per year to work remotely from anywhere in the world (some restrictions apply)
• Two additional paid volunteer days each year to support causes you care about
• Employee referral programme with rewards for bringing talented colleagues on board

About Capital.com

Capital.com is a leading trading platform expanding globally with top-rated products that have won prestigious industry awards for cutting-edge technology and seamless client experience.