Senior Third Party Risk Manager, Raisin
Open banking for deposits and savings
Open for applications
Open banking for deposits and savings
501-1000 employees
Open for applications
501-1000 employees
Company mission
To break down barriers and facilitate a transparent single market for savings and investment products.
Role
Who you are
- Experience: Proven experience in outsourcing management, third party risk management, vendor management or procurement within the banking or financial services sector
- Technical Skills: Understanding of MaRisk AT 9, EBA Outsourcing Guidelines, DORA regulations and/or FCA requirements on outsourcing. Competence in risk assessment and management specific to outsourcing
- IT compliance: Solid grasp of how ICT services are used and regulated in a financial services context. Familiarity with the technological aspects of outsourcing arrangements is essential
- Language Proficiency: Fluency in English is required. Fluency in German is an asset
- Strong analytical and problem-solving skills
- Strong communication and interpersonal skills, capable of engaging effectively with various stakeholders
- Strong attention to detail
- Agile and adaptable to a rapidly changing regulatory environment
- Proactive in identifying areas for improvement and implementing change
What the job involves
- As part of the TPRM team, you will be responsible for identifying, assessing, mitigating, and monitoring third party risks to ensure our organisation remains secure, compliant and operationally resilient
- TPRM coordinates third party risk assessments and ongoing control and monitoring
- TPRM also supports business units with adhering to internal and statutory requirements for outsourcing and ICT third party risk management
- Coordinate Risk Assessments: Liaise with business owners and control functions to conduct risk assessments for outsourced processes or ICT services, ensuring robust control and supervision
- Interdepartmental Coordination: Work closely with various departments including risk management, compliance, and legal teams to ensure cohesive third party risk management practices
- Documentation and Reporting: Maintain accurate and up-to-date outsourcing documentation, including the outsourcing register, information register risk assessments. Ensure timely and precise reporting to relevant authorities and internal stakeholders
- Crisis Management and Contingency Planning Oversight: Verify that appropriate contingency plans are in place for each critical relationship, ensuring readiness for any unforeseen terminations or changes, including Business Continuity and Disaster Recovery preparedness
- Performance Monitoring: Establish and track Key Performance Indicators (KPIs) for each outsourcing relationship to ensure service quality and adherence to agreed standards, including but not limited to operational performance, risk management, and/or fulfilment of financial/contractual obligations
- Change Management: assist and advise business owners and project managers to ensure that changes to outsourcing relationships and services and adding new services (whether necessitated by internal or external drivers) are carried out successfully in accordance with business objectives while avoiding and/or minimising adverse impact
- Compliance: Ensure that all outsourcing activities, particularly those involving IT services, are in strict compliance with relevant regulations. This includes understanding the IT-specific requirements and risks associated with ICT services and ensuring these are effectively managed
- IT Compliance and Technology Understanding: Maintain a strong understanding of IT infrastructure and systems relevant to the financial sector. Ensure that technological aspects of outsourcing arrangements meet the high standards of security, reliability, and performance as expected in the fintech industry
Our take
Raisin is transforming open banking in the deposits and investments sector, leveraging its infrastructure to benefit bankers and savers in the global $50+ trillion deposit market. The company operates several B2C platforms, including Raisin, WeltSparen, Savedo, and ZINSPILOT in Europe and the UK, and SaveBetter in the US.
Raisin collaborates with around 400 banks globally, serving over 550,000 direct consumers. Backed by PayPal, Deutsche Bank, and Goldman Sachs, Raisin plans to expand further. Recently, Raisin launched its deposits platform in Poland, connecting Polish savers with European banks via its cross-border savings technology. This platform simplifies access to diverse deposit products across Europe, enhancing safety and convenience.
In late 2023, Raisin announced it had reached €50 billion in assets under administration, with significant growth in markets like Germany, the UK, the Netherlands, and the USA, and over €1 billion in net inflows each quarter in 2023.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
12% employee growth in 12 months
Company
Funding (last 2 of 11 rounds)
Mar 2023
$63.2m
LATE VC
Jan 2022
$31.6m
CONVERTIBLE
Total funding: $289.6m
Company benefits
- Visa & Relocation Support
- 1,700 EUR Training Budget
- Free Choice of Hardware
- Beginner German Classes
- Food & Drinks
- Flexible working hours, home office and 28 vacation days
- Subsidised Urban Sports Club Membership
- Company Pension Scheme
- Team Events
Company values
- Assume responsibility for results - We focus on delivery to achieve our objectives. We take pride in personal ownership and accountability for our work. We reliably deliver results along set targets
- Act entrepreneurially - We centre simplicity and identify opportunities for growth. We treat our company’s resources as if they were our own
- Step up, challenge and commit - We act courageously, respectfully challenging decisions, asking for and giving constructive feedback. Once a decision is determined, we commit to it
- Inspire your team and beyond - We put a positive attitude, great team spirit and integrity at the core of every interaction. We foster diversity and respect different opinions. We embrace challenges and have a desire to constantly grow and improve our own capabilities as well as these of our colleagues
- Focus on your customers - We build value for our customers. Earning and keeping their trust is key to our success
Company HQ
Wrangelkiez, Berlin, BE
Articles
Leadership
Tamas Giorgadse
(CEO)Previously served as a Partner at McKinsey, and is a Non-Executive Board Member of the Bank of Georgia.
Dr Frank Freund
(CFO)Previously worked as a Senior Consultant at McKinsey.
Michael Stephan
(COO)Previously worked as a Consultant at McKinsey.
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