Market and Model Risk Manager, Circle
More information about location
Digital dollars for global prosperity
Be an early applicant
Digital dollars for global prosperity
1001+ employees
Be an early applicant
More information about location
1001+ employees
Company mission
To raise global economic prosperity through the frictionless exchange of value.
Role
Who you are
- Multistakeholder - you have dedication and commitment to our customers, shareholders, employees and families and local communities
- Mindful - you seek to be respectful, an active listener and to pay attention to detail
- Driven by Excellence - you are driven by our mission and our passion for customer success which means you relentlessly pursue excellence, that you do not tolerate mediocrity and you work intensely to achieve your goals
- High Integrity - you seek open and honest communication, and you hold yourself to very high moral and ethical standards. You reject manipulation, dishonesty and intolerance
- A passion for harnessing the power of digital currency and blockchain technology and services built on top of it
- An innovative and creative mind looking to suggest new solutions to old problems
- Proven experience working collaboratively and effectively with the ability to work with multiple stakeholders and internal teams. Appreciate direct communication
- Experience and comfort working in an ever changing industry and the flexibility to quickly react to changing demands. Never tired of learning
- 7+ years of relevant experience in financial risk management and model reviews for large financial institutions and/or fintech companies, including managing market risk (interest rate, FX, etc.), designing and implementing model risk governance framework, performing model review and validation, designing and implementing stress testing systems and tools
- 3+ years of experience managing teams or performing project and program management roles
- Strong leadership and relationship management skills
- Strong communication skills and presence, ability to interface with internal and external teams
- M.A./M.S. degree preferred; quantitative or technical degree a plus
- CFA/FRM designation is a plus
- Experience in RegTech, FinTech or consulting company preferred
- Experience/familiarity with Slack, Apple MacOS and GSuite
What the job involves
- Circle is looking for a Manager of Market and Model Risk Management to join its Financial Risk Management team
- This role will oversee the day-to-day management of Circle’s market risk management activities as well as the model risk management and governance
- The team is responsible for ensuring Circle’s market risk taking activities remain within the company’s overall risk appetite, and comply with internal policies, standard and external regulatory expectations
- Identifying, measuring and monitoring market risk exposures with regards to interest rate, foreign exchange and other market risk factors and preparing risk reporting to support senior management decision-making
- Establishing the Model Risk Management framework, building out policy, standards and procedures
- Executing ongoing model risk management responsibilities, including but not limited to annual model review and recertification, identifying gaps and deficiencies in Circle’s financial risk and capital models and prioritizing high and critical model risk findings for remediation
- Communicating with internal and external stakeholders on market and model risk related issues
- Working closely with other risk and compliance teams to ensure cohesive and synergized risk management approach and regulator adherence
- Staying up to date with U.S. and international financial regulations and industry best practices to ensure capital adequacy and risk management compliance
Our take
Circle is a financial technology firm looking to enable businesses to harness the power of digital currencies and public blockchains for payments, commerce, and financial applications. The company’s USD Coin (USDC) has become the fastest growing, regulated, and fully reserved dollar digital currency.
The company is backed by the world’s largest asset manager, BlackRock, as well as crypto exchange company Coinbase, and has been proactively preparing for possible upcoming federal regulations. Regardless of the current crypto downturn, this means that Circle is still well-placed to see steady long-term growth.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 8 rounds)
Apr 2022
$400m
GROWTH EQUITY VC
May 2021
$440m
GROWTH EQUITY VC
Total funding: $1.1bn
Company benefits
- We offer flexible paid time off — so you can thrive at work, and at rest
- No matter where you live, we offer a market competitive suite of health benefits to help keep you and your loved ones safe
- Work Remotely: Do your best work from home. With a company laptop, stipend for business equipment, and access to WeWork locations, Circle remote jobs empower our employees to do their best work.
- All U.S. employees enjoy 401(k) benefits with company matching, and can become owners in Circle through our equity program
Company values
- Multistakeholder - We must organize, incentivize and measure ourselves against meeting the needs of all of our stakeholders
- Mindful - We seek to be present and aware, to be respectful, active listeners (with each other and with our customers alike), and pay attention to detail
- Driven by Excellence - We relentlessly pursue excellence, we do not tolerate mediocrity, we reward based on merit, and we work intensely to achieve our goals
- High Integrity - We seek open and honest communication, and hold ourselves to very high moral and ethical standards
Company HQ
South Boston Waterfront, Boston, MA
Articles
Leadership
Jeremy Allaire
(CEO)Founder & former Chairman and CEO of Brightcove. Former Entrepreneur in Residence at General Catalyst Partners, CTO of Macromedia, and Co-Founder & former CTO of Allaire Corporation.
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