Senior Risk Management Associate, Remitly
+ Employee Stock Purchase Plan (ESPP)
50% onsite
International payments company
Be an early applicant
International payments company
1001+ employees
Be an early applicant
+ Employee Stock Purchase Plan (ESPP)
50% onsite
1001+ employees
Company mission
To transform the lives of immigrants and their families by providing the most trusted financial service products on the planet.
Role
Who you are
- Bachelor's degree in Finance, Economics, Business Administration, or a related field (Master's degree preferred)
- Minimum of 3-5 years of experience in risk management within the financial services industry, with a strong understanding of financial regulations
- Proven track record of developing and implementing risk management frameworks
- Strong analytical and problem-solving skills, with the ability to make data-driven decisions
- Excellent communication and interpersonal skills, capable of working effectively with stakeholders at all levels
What the job involves
- You will be responsible for the development, implementation, and oversight of the risk management framework for the organisation
- This role is critical in ensuring compliance with various regulatory expectations and maintaining the financial stability and operational integrity of our business activities
- Support the business to grow in a manner which is compliant and scales, and in line with our risk appetite
- You will be a member of Remitly's Enterprise Risk Management organisation supporting programs and risk management activities across a number of jurisdictions in which we operate
- You will be reporting to of our Directors of Enterprise Risk Management
- Actively contribute to and scaling the Enterprise Risk Management Framework (ERM) for local entities
- Support Risk Officers in managing and setting the strategy for local entities
- Support local risk function including risk controls, setting and managing risk exposures
- Develop and use risk identification and measurement tools
- Perform risk assessments, analyse current risks, and identify potential risks affecting the entity and products
- Help mitigate risks arising from internal processes, people and systems
- Investigate procedures and processes, document activities & identify appropriate controls
- Review and evaluate new and revised processes to ensure the appropriate risk management oversight and infrastructure exist to measure, monitor, and control such risks
- Actively support the annual risk assessment process and required reporting
- Provide analysis and support in risk decisions with stakeholders
- Contribute to enterprise risk & controls self assessment process, including ongoing gathering of risk data, maintaining enterprise risk universe, and reporting to key stakeholders
- Maintain ERM Risk policies, procedural documents
- Maintain and develop the risk monitoring programme and remediation work
- Mitigate threats by developing risk maps, strategic action plans and monitoring risk mitigation efforts
- Produce and distribute risk assessments and progress reports
- Facilitate the execution of risk management policies and procedures with the first line
Salary benchmarks
Our take
Since its inception in 2011 Remitly has focussed on helping immigrants to send money across the world faster, cheaper and easier. The company has grown exponentially since then and now operates across multiple continents. Remitly put down most of its success on putting its customers first.
The emergence of digital banks with low transaction fees cross-country has increased competition in a space where Remitly was dominant for many years. The company must continue to innovate its product to ensure it is the go-to place for these types of payments.
However, Remitly continues to partner with exciting companies and improve their service for loyal customers. The company is setting its sights beyond its core remittance service, such as through the recent introduction of Passbook, an app that allows customers to access digital banking through a partner bank.
Steph
Company Specialist at Welcome to the Jungle
Insights
19% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Jul 2020
$85m
LATE VC
Jul 2019
$135m
SERIES E
Total funding: $435.8m
Company benefits
- Spend up to $1,000 per year on costs related to continuing education or on travel to countries Remitly serves, allowing you to gain insights to our customer’s journeys
- All of our office spaces offer our employees a place to collaborate and celebrate. With locally sourced artwork and vibrant designs, they create an environment that all can enjoy
- Fill your cup up outside of work and take advantage of our generous paid time off policies, leave policies, and flex working hours to ensure you are able to meet the demands of life outside of work
- Tap into the learning routines, resources and affinity groups Remitly provides to help you further your own DEI journey
- Contribute to the communities we serve through volunteering, employee giving, or civic advocacy
- Remitly provides rich benefit plans intended to cover the needs of our diverse teammates
Company HQ
Central Business District, Seattle, WA
Leadership
Matt Oppenheimer
(CEO & Co-Founder)After completing an M.B.A from Harvard Business School he worked as a Director for Barclays before founding Remitly in 2011
Josh Hug
(Vice Chair & Co-Founder)He was a Director at Real Networks for 7 years before co-founding Shelfari, which was acquired by Amazon as he stayed onboard to run it as CEO
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