Head of Group Risk & Control 

London or Edinburgh 

Reporting to the Chief Operations Officer 

• Are you curious and always looking to innovate? 

• Do you want to work in embedded payments where you can keep learning and developing whilst getting hands-on experience? 
• Do you want to have the opportunity to play an important role in a rapidly growing and exciting Fintech business? 

If so, we would love to connect and collaborate! 

We want to hire ambitious, and value-adding talent into Modulr, one of the fastest growing payments businesses in the UK, Europe and the US. Modulr is experiencing significant growth, and in this role you will work in a cross-functional team who are asked to solve a problem, rather than be handed a task to do. This is an excellent opportunity to work in a high-growth environment with a fast-paced and collaborative culture where you will have great opportunities to work on challenging problems. 

About us 

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses, from SMEs to Enterprise, initially across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment schemes, accounts, and card products.   

We have created an industry-leading API platform with comprehensive online tools and access, to meet the demands of daily business payments. We have two routes to market. Our Core Business Payments product allows customers in any sector to connect to us and our expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS to automate payments. Our Vertical Solutions targets a growing range of industry verticals which directly connect their IT platforms to our APIs and webhooks. We solve complex payment problems for hundreds of clients in a range of industries, including Travel, Lending, Wage Advance, and Investment & Wealth.   

We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs. Modulr hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in multiple currencies. We are principal issuing members of Visa and Mastercard schemes across UK and Europe.   

Our regulatory permissions and governance structure are the foundations of our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.   

Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by the venture arms of payments giants PayPal and FIS, as well as growth investors Blenheim Chalcot, General Atlantic, Frog Capital and Highland Europe.   

Modulr now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam, and Mumbai.  

Modulr values 

• Building the extraordinary; going that extra mile. 

• Owning the opportunity; be passionate and proud of the time you invest. 

• Move at pace; reach goals faster whilst supported on your career journey. 

• Achieve it together, working collaboratively and being a Modulite. 

Summary 

The Head of Group Risk & Control will play a pivotal role in shaping and executing Modulr’s enterprise-wide risk management strategy. The role will operate as a second line function, provide risk and compliance services on a group wide basis. This will include defining and implementing our new group operating model across our regions. Reporting to the Chief Operating Officer, this role leads the Group Risk function and is responsible for designing and embedding effective risk frameworks, governance, and reporting across all business units and group functions. The successful candidate will bring deep expertise in risk management, strong leadership capabilities, and a collaborative mindset to drive a consistent and pragmatic approach to risk across the organisation. 

Scope and Key Deliverables 

The Head of Group Risk & Control will lead a centralised team responsible for group-level risk frameworks, tools, and governance. The role spans strategic, operational, and regulatory responsibilities across Modulr’s UK, EU, and US businesses. 

Key Responsibilities 

• Define and maintain the Group Risk Management Framework, policy framework, and governance standards. 

• Lead the development and implementation of risk tools and group-wide reporting mechanisms. 

• Provide oversight, advice, and challenge on principal risks managed at the group level. 

• Deliver independent assurance of risk management and control effectiveness at the request of regional MDs or group function leaders supported by the designated MLROs in the specific regions 

• Operate as a central point of coordination for risk governance and regulatory engagement. 

• Build and lead a high-performing team with expertise in risk frameworks and principal risk domains. 

• Partner with regional Risk and Compliance teams to ensure alignment and continuous improvement. 

• Support the COO in ensuring the Group’s risk management approach is effective, scalable, and aligned with regulatory expectations. 

• Act as a key contributor to governance forums and committees, including providing secretariat support to group subsidiaries. 

About you 

Key Skills and Experience we would love you to have 

• Risk Management Expertise - Proven experience in designing and implementing enterprise risk frameworks in a regulated environment. Deep understanding of principal risk types including operational, conduct, financial crime, and third-party risk. Previous experiance in the payments industry with SME knowledge in safeguarding.  

• Governance and Compliance - Strong knowledge of governance structures, regulatory engagement, and internal control frameworks. 

• Strategic Leadership - Experience setting direction and priorities for risk management aligned with business goals. Ability to influence senior stakeholders and drive cross-functional collaboration. 

• Operational Delivery - Demonstrated ability to deliver high-quality outcomes efficiently and at scale. Skilled in risk reporting, assurance, and continuous improvement. 

• Team Development - Track record of building and developing high-performing teams. Committed to fostering a culture of accountability, learning, and excellence. 

Competencies and Leadership Characteristics 

• Strategic thinker with a pragmatic, delivery-focused approach. 

• Strong communicator and influencer, able to operate effectively at all levels. 

• Resilient and adaptable, with the ability to lead through ambiguity and change. 

• Embodies Modulr’s values: Build the extraordinary; Own the opportunity; Move at pace; Achieve it together. 

• Committed to upholding the highest standards of integrity, governance, and risk management. 

What can Modulr offer you 

You will be part of a cross disciplinary team(s), with co-workers located in Edinburgh, London, Amsterdam, and India. We are friendly and sociable, challenging but rewarding. We want you to push yourself and for us to support you in your future as we scale up and grow.  

• Share Options Incentive Scheme. 

• Company Bonus - the more successful we are together, the greater the reward. 

• Flexible benefits - £1000 to spend on a variety of benefits for you to choose from which suit your lifestyle and needs. Including Private medical insurance, gym membership, health checks etc.  

• Perkbox - enjoy freebies and discounts on many other products and services. 

• 33 days holiday (including bank holidays) & your birthday off - choose which days you take off to relax and/or spend time with loved ones. 

• Learning Opportunities – on joining Modulr you will embark on our 2-day onboarding programme, called ModStart, to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But we do not want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels and platforms. 

• Modulr hands-on - join your colleaguesfor our company wide events throughout the year.  

• Great workspace - Modulr thrives on innovation which is best done through in-person collaboration. This approach enables us to work together closely, exchange ideas, and create innovative solutions that drive our success. We ask our team members to be based in the office 4 or more days a week. We have state of the art offices located in Exchange Crescent Edinburgh, Scale Space in London, and WeWork in Amsterdam.   

• Bike to work / E-bike scheme. 

ModInclusion 

At Modulr, we are working hard to build a more positive diverse and inclusive culture that helps everyone to feel they belong and can truly bring their whole self to work. Not only is it the right thing to do for everyone in the Modulr team, it’s also the right thing to do for our business, the community we operate in and attracting future talent. As part of our approach, we actively welcome applications from candidates with diverse backgrounds. 

By submitting your CV you understand that we have a legitimate interest to use your personal data for the purposes of assessing your eligibility for this role.  This means that we may use your personal data to contact you to discuss your CV or arrange an interview, or transfer your CV to the hiring manager(s) of the role you have applied for.  You can ask us at any time to remove your CV from our database by emailing peopleops@modulrfinance.com – but please note that this means we will no longer consider you for the role you have applied for.