Enterprise Risk Manager, Toast
Fintech
$112-179k
+ Equity
Point of sale and management system for restaurants
Job no longer available
Point of sale and management system for restaurants
1001+ employees
Job no longer available
$112-179k
+ Equity
1001+ employees
Company mission
Toast's mission is to enrich the food experience for all.
Role
Who you are
- Bachelor’s Degree or certification required
- Typically requires a minimum of 8 years of related experience with a Bachelor’s degree; or 6 years and a Master’s degree; or a PhD with 3 years experience; or equivalent experience
- 5+ years of experience in a risk, or audit role at a financial institution providing commercial and/or consumer non-investment banking products (Fintech or payments industry preferred)
- Experience maintaining fintech-oriented frameworks and programs. Knowledge of credit underwriting processes and credit risk models is a plus
- Familiarity with operational processes and risks related to payments, payroll, credit, consumer, etc
- Ability to work well with ambiguity and synthesize large amounts of complex information
- Strong communication skills (both written and verbal)
- *Bread puns are encouraged but not required
What the job involves
- Toast, Inc. seeks a positive and vibrant Manager to maintain the Fintech Risk program through the management, and enhancement, of risk management processes for the Fintech line of business
- Oversee and implement the enterprise risk management framework within Toast's Fintech Line of Business
- Facilitate the identification, assessment, and mitigation of risks across Fintech processes. Maintain enterprise risk registers and oversee risk assessments. Support business partners on the maintenance of process libraries, including narratives, flows, and risk identification, to support risk management activities
- Provide advisory support on the development of risk mitigation plans and oversee to ensure timely implementation. Provide relevant risk reporting to risk and compliance committees and senior leadership, including escalations as needed
- Advise on and challenge relevant risk appetite statements and risk metrics
- Conduct independent risk and control testing, propose recommendations, and oversee issue remediation
- Partner with the Fintech Team on the creation and maintenance of risk management policies, procedures, controls, and strategies, while advising on emerging risks
- Develop and facilitate necessary risk training
- Support and oversee the fintech incident management processes
Our take
Running a restaurant means managing a stressful set of elements, all needing to work together seamlessly to create a good experience for diners. Toast helps to streamline processes, and puts an end to piles of paperwork, by providing a platform whereby tableside ordering, menu modifications, labour management, payroll, and more are all housed in one system that can run from a tablet.
Toast offers restaurant-grade hardware and cloud-based customisable payment solutions to serve clients from startup through to growth phase, as well as a service for established restaurants. By combining all the digital services a restaurant might need, the platform can act as the one and comprehensive solution for restaurants of any size, avoiding restaurateurs having to invest in a range of technologies.
Toast has over 70,000 restaurants on its books, from food trucks to national brands, and its mobile ordering and payment solutions have made it a recognized brand for consumers. The company's IPO in 2021 saw it valued at over $30 billion and since then, it has added more features to its product suite including wholesale and catering order tools. Toast then, has proven its place as an indispensable player in the restaurant space.
Freddie
Company Specialist at Welcome to the Jungle
Insights
28% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Feb 2020
$400m
SERIES F
Apr 2019
$250m
SERIES E
Total funding: $899m
Company benefits
- Peer and company recognition programs
- Unlimited Vacation
- Sabbatical opportunity after five years
- Professional Development Reimbursement Program
- Commitment to Employee Wellness through resources such as a quarterly Wellness Stipend
- Various peer and company recognition programs
- 401(k) and matching
- Medical, Dental, & Vision Coverage
- Mental Health Benefits
- Subsidized backup childcare
Company HQ
Fenway–Kenmore, Boston, MA
Leadership
Steve Fredette
(President)They studied at MIT before co-founding Klick Mobile in 2009 and spending almost 7 years at Endeca. They left their Management role in June 2012 having co-founded Toast in May.
Aman Narang
(CEO)Having studied Computer Science at MIT, they worked at Endeca for 5 years. They moved from working as Product Manager to work full-time as President of Toast in 2013, having co-founded it the previous year.
Jonathan Grimm
(CTO)They also studied Computer Science at MIT before working as an Engineer for Endeca for over 4 years. They worked at Oracle for 5 months prior to co-founding Toast in May 2012.
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