Senior Manager of Risk, Tilled
$90-110k
Payment facilitation platform for software vendors
Job no longer available
Payment facilitation platform for software vendors
21-100 employees
Job no longer available
$90-110k
21-100 employees
Company mission
Tilled's mission is to reinvent the payments landscape by empowering software vendors, marketplaces, and SaaS companies to start generating revenue from accepting credit cards.
Role
Who you are
- Bachelor's degree in Business, Finance, or Risk Management,
- Proven experience in risk management within the payment industry, preferably in a PayFac or related financial services environment
- Strong understanding of payment processing, fraud prevention technologies, and regulatory compliance
- Demonstrated ability to develop and implement effective risk management strategies
- Excellent analytical and problem-solving skills with a keen attention to detail
- Strong communication and interpersonal skills, with the ability to collaborate effectively across teams
- Familiarity with industry best practices, emerging trends, and regulatory changes
- Authorized to work in the United States and a resident in a United States time zone
- Comfortable with remote work
- A planner
- Someone who knows when, who, and how to ask for help
What the job involves
- As Tilled’s Senior Manager of Risk you will play an instrumental role in delivering a multi-year, global
- Strategic plan for Tilled’s relationships. Your core responsibilities will include:
- Monitoring market conditions and making recommendations for strategic changes in onboarding operations based on emerging risks
- Monitoring and managing business activities in order to maintain its PCI compliance certification by assessing the organization's readiness for PCI compliance
- Designing and implementing internal controls such as policies, procedures, and training to ensure compliance with laws and regulations
- Creating comprehensive risk assessments of the company’s activities, identifying potential risks and mitigation strategies, and monitoring risk levels over time
- Developing a risk management strategy and building a team that aligns with the company’s overall business strategy
- Recommending insurance coverage that will adequately protect the organization against potential losses
- Analyzing reports and data, while making recommendations regarding new products or services that may pose risks to the company or its consumers
- Performing a risk assessment- Analyzing current risk and identifying potential risks that are affecting the company
- Recommending changes to onboarding operations or procedures to eliminate or mitigate risk
- Providing guidance to other departments within the company about how to manage risk
- Establishing a culture of risk awareness among employees so that they are aware of any potential hazards in their work environment
Our take
Tilled is one of a handful of companies championing the concept of PayFac (Payment Facilitation)-as-a-Service, along with the likes of Payrix and Finix.
It offers software vendors and marketplaces a range of APIs and Software Development Kits (SDKs) to allow them to embed payment solutions into their own platforms, rather than relying on – and paying for – third party providers like Stripe and PayPal.
Turnkey embeddable Fintech solutions like Tilled’s are rising at an extraordinary rate. In 2020 the market value was around $22 billion, but it’s forecast to be worth more than ten times that amount by 2025.
While Tilled was founded a few years after its closest competitors Payrix and Finix, the company has been quick to secure major funding and scale up. Considering how hot the market is expected to be over the next few years, there should be plenty of room for growth.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 4 rounds)
Oct 2024
$12.5m
EARLY VC
Feb 2022
$11m
SERIES A
Total funding: $36.7m
Company HQ
Interlocken, Broomfield, CO
Leadership
Caleb Avery
(CEO)Former Financial Analyst at UPC Renewables Indonesia. Co-founded financial services company Merchant Services Done Right in 2012. Partner at UPC Capital Ventures and PayBright Merchant Services.
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