Operational Risk Manager, Bluevine
$105.7-129.5k
Office located in Jersey City, NJ
Business banking solutions & services
Job no longer available
Business banking solutions & services
501-1000 employees
Job no longer available
$105.7-129.5k
Office located in Jersey City, NJ
501-1000 employees
Company mission
To empower small businesses with innovative, personalized banking.
Role
Who you are
- 5+ years of applicable experience in a risk, finance, or analytics role in the financial industry
- 3+ years of experience leading operational risk teams in financial services
- A strong understanding of operational risk and a demonstrated ability to effectively manage operational risk across an organization
- Experience in setting up and maintaining operational risk framework across an organization. Inclusive of a demonstrated ability to manage operational risk events across multiple departments and teams
- Experience using Excel, SQL, and dashboarding tools (Tableau, Looker, PowerBI) is a plus
- A strong working knowledge of the US payment network including, but not limited to, ACH, RDC, Wire, Debit Card, and Debit Card
- A demonstrated ability to influence many stakeholders and drive change throughout an organization
- Strong written and verbal communication skills and ability to provide clear and concise updates to senior leaders
- Bachelor’s degree (Economics / Mathematics / Business / STEM) or relevant work experience in a financial institution
- An understanding of banking regulations including Reg E, Reg CC, UDAAP, and Nacha requirements is a plus
What the job involves
- Bluevine is seeking an experienced and proactive individual to join our team as an Operational Risk Manager
- In this role, you'll be responsible for owning the operational risk function across DDA, lending, credit cards, as well as future products
- You'll be responsible for identifying existing and future operational risks, documentation of the risks, and working with relevant internal and external stakeholders to mitigate the risks
- If you have a strong track record in operational risk management and are ready to make a significant impact, we encourage you to apply and become a key part of our team at Bluevine
- Consult with all relevant stakeholders on new products and changes to existing products to understand existing risks and prioritize the appropriate response
- Responsible for monitoring and ensuring adherence to ORM risk policies and best practices, involving key stakeholders and Senior Management Committees
- Own the oversight of the enterprise operational risk event reporting structure. Provide second-line coverage to ensure events are being reported correctly and that they are being resolved appropriately
- Collaborates with subject matter experts and executive management to establish effective ORM governance
- Develop an enterprise-wide RCSA framework which will be utilized to measure and prioritize risks within the firm’s operations
- Development and standardization of operational risk reporting, inclusive of early detection of systemic issues and key risk indicators
- This role will have oversight responsibilities of the FBO reconciliation between Bluevine, our partner bank, and our processor
- In this role, you will be tasked with creating daily reporting to identify file delays for various types of money movement
- Maintain ownership and oversight of non-balance sheet account reconciliation strategy and partner with back office operations to ensure accurate and complete daily reconciliation
- Identifies opportunities for process improvements to enhance operational efficiency, while also providing ORM expertise and guidance in business project workstreams. Additionally, works with business units to improve risk management capabilities and minimize operational issues across the firm through risk assessments, recommendations, and education/training initiatives
- Implement and execute ongoing operational issue identification, root cause analysis and assessment procedures, as assigned
Our take
Founded in 2013, Bluevine offers a suite of banking services for small and medium businesses (SMBs). It began as a small business lender, and has since expanded into a small business banking service in late 2020.
Having already loaned billions of dollars with tens of thousands of active customers, Bluevine aims to be the largest bank in the United States for small businesses. While there are over 4,000 banks in the US which are theoretically rivals in this ambition, few of them target the SME market or provide a comprehensive range of financial services to meet their needs.
Bluevine's recent partnerships with Wave and Stripe show a company steadily rounding out its promise to be a true financial hub for small businesses. By pulling banking, accounting, and payments into one streamlines experiences, it's helping owners stay organized and get paid faster without juggling multiple tools.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
19% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Nov 2019
$102.5m
GROWTH EQUITY VC
Jul 2018
$12m
SERIES E
Total funding: $327.5m
Company benefits
- Medical
- Dental
- Vision
- Competitive salaries
- 401K plan
- PTO & Holidays
- Parental leave
- Life insurance
- Commuter pass
- Weekly catered lunches
- Volunteering events
- Happy hours
Company HQ
Colgate Center, Jersey City, NJ
Leadership
Eyal Lifshitz
(Co-Founder & CEO)They have an MBA from The University of Chicago Booth School of Business. They were a Principal at Greylock IL and an Associate at McKinsey & Company.
Nir Klar
(Co-Founder & CTO)They studied for an MBA from Tel Aviv University. They have an extensive software engineering background, and were the CTO of Planet SOHO and Media Layers.
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