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Fnality International

Risk Manager (Fnality UK)

Fnality International
London, United Kingdom
Posted 24 days ago Remote Permanent Competitive
See job description for details

Here at Fnality, we are powering the future of finance, together: combining best in class technology with free-flowing creativity, and expertise that can make business better for everyone. There are no precedents for what we are doing. With you on our side, we will be setting new ones every day.

In a complex world, we are here to bring clarity and make positive change.

Fnality UK Limited (Fnality UK) is the newest and first entity within the Fnality Global Payments ecosystem, the operator of a newly regulated inter-bank payment system for the United Kingdom. Fnality UK operates on a Lean resourcing model. There are currently 8 employees for Fnality UK, which are supported by the wider organisation of around 80 people, so we need people to be flexible and happy to get involved in a variety of tasks.

The Risk Manager Role:

Fnality UK is looking for Risk Managers (x 2) who can demonstrate competencies which will enable them too successfully:
  • Work in a regulated environment in the financial sector, with accountability (supporting the CRO) to regulators and the Board for the management of risk of the Sterling Fnality Payment System (Sterling FnPS)
  • Promote a risk culture that is embedded in every policy and process of the company (Technology, Security, Personnel, Environment etc)
  • Inform the design and implement of the risk framework for Fnality UK to ensure full compliance with regulatory expectations whilst maintaining the Fnality Ways of Working approach
  • Support alongside the CRO and CEO the successful operation of the Sterling FnPS

You will need to take accountability for:
  • Monitoring and identifying how to control risk and improve controls.
  • Taking a hands-on approach to staying informed, provide insight and guidance to the internal team,
  • Provide critical updates to regulators/customers and other external stakeholders.
  • To understand relevant regulations and requirements and policies applicable to Fnality and the broader industry we operate in
  • Reporting on the risk management of Fnality UK internally (eg to the CRO,CEO) and externally (eg to the regulators),building effective working relationships with them
  • Managing and monitoring the risks associated with outsourced functions to assure the level of service required to manage a systemically important payment system

Required competencies:
  • Substantial financial services regulatory compliance risk experience and expertise
  • Strong understanding of the relevant regulations (e.g. the Principles for Financial Market Infrastructures) and policies applicable to Fnality, and the broader trends that inform them)
  • (Previous experience dealing with and understanding of the approach and mindset of the regulators in the UK, especially the BoE.)
  • Strong communication skills to emphasise the importance of risk and compliance to your colleagues and other stakeholders
  • Flexibility in approach to ways of working, open mindedness with regards to ambiguity as well as ability to be comfortable with a fast-paced environment and rapidly changing priorities.

Nice to have: .
  • Legal background through education or experience; knowledge and application of law and/or financial regulation
  • Experience of fintech or start-up/ scale up pace and ways of working
  • Understanding or experience of the Agile Methodology and way of working

A bit more about us

Digital transformation is changing our lives, work and businesses. While other sectors evolve however, financial markets remain slow, fragmented and siloed. What the world needs now is a future-facing financial system for the digital age.

At Fnality, we have been speaking - and listening - to the real users of today's financial systems. From businesses to banks, there is a clear, collective ambition for a simpler, faster, safer and more resilient payment system; one that can move and settle money quickly and efficiently, with minimised risk and much more transparency.

Fnality Global Payments

We are building a new payment system that will enable tokenised, peer-to-peer markets.

Fnality Global Payments (FnGP) will comprise a series of national systems, each regulated in its home jurisdiction. We call each of these a Fnality Payment System (FnPS)

In each payment system, a Fnality settlement asset will act as the settlement/payment asset for any Payment (P), Delivery v, Payment (DvP) or payment vs. payment (PvP) need.

FnGP are underpinned by Distributed Ledger Technology (DLT). The nature of DLT is such that it enables FnGP to:

Operate a true peer-to-peer market

Allow for immediate settlement

Interoperate across business platforms and jurisdictions

The key benefits of the above are:

Reduced counterparty and credit risk

Reduced operational risk

Efficient liquidity management

An ability to move resources from risk mitigation to business growth


This Risk Manager role is with the entity running the UK FnPS, it is a UK based role, and you must be eligible to work in the UK. Please note we cannot sponsor visas for this role.

How will we use the information about you?

We will use your personal information to process your application, to enable us to assess your suitability for a role and for other legitimate business purposes such as improving our sites and talent management practices. We may share your data with third parties to achieve these purposes. We will not use or share your information for marketing purposes.

We will take appropriate security measures to safeguard your information in accordance with data protection legislation.

If you would like further information about how your information may be processed by us, please contact us at
Job ID  45156c9d-0e81-4abf-999e-3910b00859f3
London, United Kingdom
Information Technology
The future is accelerating fast. Digital transformation is changing our lives, work and business. While other sectors are evolving, financial markets ...
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