Enterprise Risk Manager, Stripe
$143.6-215.4k
A financial infrastructure platform for businesses
Job no longer available
A financial infrastructure platform for businesses
1001+ employees
Job no longer available
$143.6-215.4k
1001+ employees
Company mission
To increase the GDP of the internet
Role
Who you are
- 10+ years of experience in the risk management space with 6-7 years of deep subject matter expertise on financial risk matters, including relevant global and regional regulatory requirements. Preference for experience in developing and scaling second line of defense risk programs
- A strong team player, with the ability to play a key role as a member of the Global Enterprise Risk Management leadership team. Well-versed in the nature of global roles and an ability to operate independently to lead a global risk pillar
- Knowledge and understanding of effective governance, risk management practices, risk assessment methodologies, and financial risk issues that global fintechs with a wide-range of payments and consumer products face, and a growth mind-set to help scale financial risk initiatives for the future of Stripe
- Excellent communication skills; a demonstrated aptitude for communicating clearly and effectively to a wide array of audiences, including senior management, Committees, Boards
- A proven ability to develop practical solutions to complex challenges
- Highly effective organizational and project management skills, with a proven track record in meeting deadlines, performing under pressure, and advancing a number of projects simultaneously
- Strong critical thinking, analytical, and data skills, with keen attention to detail, and an ability to transform large and complex data sets into simple and understandable formats, including heat maps and trends
- Experience building and managing relationships with internal and external stakeholders and driving parties towards an optimal outcome
What the job involves
- We’re looking for a Head of Financial Risk to lead the second line of defense oversight and strategy for financial risks, including treasury, market, credit and counterparty risk
- This role will be instrumental in driving Stripe’s global enterprise risk management efforts, with direct impact across the company globally
- The successful candidate will be responsible for the leadership, innovation, governance, and management necessary to help the business identify, evaluate, mitigate, and monitor the company's financial risk
- You will develop and advise financial risk management tools and practices to analyze and report on financial risks and to manage risks according to a financial risk management framework and relevant policies
- You will also ensure that the organization's financial risk management policies, limits, and strategies are in compliance with applicable regulations and strategic imperatives of the organization
- This role will need to partner effectively with risk owners and business line leadership to ensure there is sufficient monitoring, reporting and governance mechanisms in place to effectively manage financial risk
- The role holder will also be a key participant in relevant governance fora and must be able to provide impactful, comprehensive reporting to executive and Board level committees
- Lead global second line financial risk program, providing advice, oversight, review and challenge, inclusive of treasury, market, credit and counterparty risk management
- Develop and sustain a business partner relationship with the first line
- Facilitate Risk and Control Self Assessments (RCSAs)
- Provide advice, oversight, review and challenge of risk incidents and issues, ensuring prompt and robust remediation
- Attend relevant governance meetings at both the global and regional level (for example, Credit Committee meetings, Safeguarding Oversight meetings, as well as relevant Working Groups), and report key findings to regional and global leads for inclusion in relevant forums
- Undertake financial risk thematic risk assessments
- Own the risk register for financial risks and assist with the review and further development of other relevant risk registers, in accordance with the Global Enterprise Risk Management Program Framework
- Support development and operationalization of key policies, standards, procedures, and processes for the identification and management of all material financial risk areas
- Work with Risk and Control owners to appropriately manage and track remediation programs to address any deficiencies identified
- Working with the Compliance teams, review, track and monitor regulatory changes (relevant to financial risks) and any other relevant communications from the regulators, partnering with stakeholders to ensure appropriate readiness for new changes
- In collaboration with business leads, review and develop stress testing scenarios to be used to ensure we are adequately prepared to mitigate our highest risks and meet regulatory requirements
- Support the development and delivery of necessary training and awareness initiatives
Our take
Stripe, nowadays a FinTech giant, spent the first few years since its founding building up its payments business, which primarily consisted of providing an API to eCommerce businesses so that they could easily integrate a payment option in their apps or websites, where before there was none.
More recently, Stripe has started to accelerate its growth with a significantly larger range of financial services including cash advances and credit cards. They also plan to build incorporation services, fraud protection, and more, diversifying its revenue away from payments and differentiating itself from its competitors.
To further expand its position, the company is extending its services to countries with vast customer potential, including Brazil, Japan and India. It is also partnering with OpenAI, the company behind ChatGPT - a win-win collaboration that is monetising OpenAI’s flagship products and at the same time enhancing Stripe with GPT-4, as it moves forward with intentions to "build the payments foundation for tomorrow's AI economy."
Freddie
Company Specialist at Welcome to the Jungle
Insights
-5% employee growth in 12 months
Company
Funding (last 2 of 14 rounds)
Mar 2023
$6.5bn
GROWTH EQUITY VC
Mar 2021
$600m
SERIES H
Total funding: $8.7bn
Company benefits
- Unlimited paid time off policy
- Work from home opportunities
- Comprehensive mental, physical and medical health plans
- Fertility benefits and parental leave
Company HQ
SoMa, San Francisco, CA
Leadership
Patrick Collison
(CEO)Studied maths at MIT before founding Stripe. Also on the board of the Long Now Foundation.
John Collison
(President)Studied at Harvard but dropped out to found Stripe.
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