Financial Risk Director, Ripple
Decentralised financial payments and solutions
Job no longer available
Decentralised financial payments and solutions
1001+ employees
Job no longer available
1001+ employees
Company mission
To build breakthrough crypto solutions for a world without economic borders.
Role
Who you are
- 3+ years of experience in financial markets, credit risk management, trading, or related financial services roles
- Higher education in a quantitative field, such as Economics, Finance, Data Analytics and etc
- Commercial mindset and proven ability to understand complex products and work with business teams to implement creative solutions
- In-depth knowledge of financial statement analysis
- Strong relationship building skills and willingness to collaborate cross functionally
- Strong communicator and ability to convey highly technical topics in an easy to understand manner
- Crypto and/or cross-border payments experience a plus
- Prior debt restructuring and/or workout negotiations experience a plus
What the job involves
- Participate in periodic enterprise-wide risk assessments
- Credit Risk Management:
- Work closely with commercial teams to assess risk, implement process, and drive education
- Conduct credit underwriting & financial statement analysis to gauge counterparty financial health and make business recommendations accordingly
- Build and implement credit risk models in-line with local standards to meet financial and regulatory reporting requirements
- Analyze and monitor Ripple’s existing and evolving customer portfolio including setting credit exposure limits, allocation, concentration, pricing, terms, stress testing, etc
- Develop the processes and tools for managing, tracking, and reporting of financial covenants and collateral
- Minimize bad debt expense by effectively negotiating and structuring workout agreements
- Assist in developing and refining Credit policies and procedures
- Market Risk Management:
- Partner with the Trading and Markets team to review, reconcile, and report on Ripple’s trading activity
- Build and implement the necessary reporting tools to quantify and display Ripple’s exposure to both fiat and digital currencies
- Other Risk
- Develop the processes and procedures to identify and manage risks associated with growing commercial activity and expansion of products and services
- Build and implement a robust governance structure and risk reporting systems to ensure senior management and the local Board of Directors remain abreast of Ripple’s risk profile
Our take
Ripple was founded in 2012 with a vision to create the Internet of Value: a concept allowing the transfer of money as swiftly as information could be shared on the Internet.
Ripple was one of the first blockchain companies to have a commercially viable product, quickly signing up more than 100 financial institutions to Ripplenet, which allowed customers to use XRP to source liquidity instantly. Despite a tumultuous market, RippleNet continues to grow, recently experiencing the highest amount of demand from both new and existing customers adopting on-demand liquidity transactions.
Through blockchain technology, Ripple is enabling global financial institutions, businesses, governments, and developers to move, manage and tokenize value. By helping organizations reach new markets and free working capital, Ripple has attracted clients including Cross, Bank of America, and Modulr.
Steph
Company Specialist at Welcome to the Jungle
Insights
34% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Dec 2019
$200m
SERIES C
Sep 2016
$55m
SERIES B
Total funding: $292.2m
Company HQ
Financial District, San Francisco, CA
Leadership
Brad Garlinghouse
(CEO, not founder)Previously SVP at Yahoo!, President of Consumer Applications at AOL, and the CEO and Chairman of the file-sharing site Hightail. Also has an MBA from Harvard.
David Schwartz
(CTO)Previously CTO of WebMaster Incorporated. Studied Electrical Engineering at the University of Houston.
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