Risk and Compliance Manager, Cover Genius
$125-165k
+ Employee Stock Options
B2B insurance and warranty API
Be an early applicant
B2B insurance and warranty API
501-1000 employees
Be an early applicant
$125-165k
+ Employee Stock Options
501-1000 employees
Company mission
To protect all the customers of the world’s largest digital companies.
Role
Who you are
- A bachelor’s degree in Business, Risk Management, Legal Studies or a related field (certifications such as ARM, CRCMP or other are a bonus)
- At least 5 years experience in a risk management or compliance role
- Prior experience managing Sanctions regulations, reporting requirements and familiarity with the various global bureaus requiring reporting
- Previous experience with a late-stage start up or early stage company is a plus
- Clearly articulating complex compliance requirements to various stakeholders, both in written and verbal communication, while fostering collaboration across departments
- Project management background with the ability to manage multiple projects across various functional areas
- Navigating changing regulations, shifting priorities, and new risks in a dynamic business environment with flexibility and a solution-oriented mindset
- A detail-oriented and organized work ethic with the ability to manage multiple priorities and meet deadlines in a fast-paced environment
What the job involves
- As a Risk and Compliance Manager within our Risk Management Team, you will oversee the company’s Third-Party Risk Management (TPRM) program, lead Know Your Customer (KYC) requests, and ensure the effective management of sanctions screening processes. Additionally, you will own project management for the team as well as long term mitigation projects.
- You will support the team’s efforts with incident and risk reporting as well as the annual corporate insurance renewals and regular reporting for our various global workers’ compensation programs
- To drive success in this role, you will have strong knowledge of Third-Party Risk Management (TPRM) and KYC processes, with a proven track record of managing and assessing vendor risk. As the Risk and Compliance Manager you will have experience with sanctions screening and ensuring compliance with relevant regulations.
- Regular collaboration with Legal, Structures, Compliance, Finance and Partnerships teams will be key in ensuring effective risk and compliance adherence and promoting a company culture valuing these principles. Excellent project management skills are necessary to be successful in this role
- Own and manage the company’s Third-Party Risk Management (TPRM) and due diligence processes, ensuring effective identification, assessment, and mitigation of vendor risks in alignment with our Risk Management Appetite
- Support and coordinate Know Your Customer (KYC) requests across multiple teams, ensuring accurate collection and submission of required documentation in accordance with regulatory and company guidelines
- Execute the implementation and monitoring of the company’s sanctions compliance program, including screening, reviewing potential matches, and escalating sanctions alerts in accordance with regulatory requirements and internal policies
- Assist in the completion of corporate insurance applications across all insurance programs by gathering required data, coordinating with internal stakeholders, and ensuring timely and accurate submissions
- Support the team’s efforts with incident and risk reporting Support the development and execution of ESG initiatives by maintaining documentation and assisting with data gathering and reporting
- Aid Compliance team efforts in the completion of compliance monitoring plans, assisting with reporting, tracking, and following up on action items
- Own project management of long-term risk mitigation plans
Our take
Insurance plans and warranties are staples of a successful digital company, but setting them up is challenging. Businesses must compare and write contracts with insurance providers which require the expensive assistance of legal and financial teams, Add to this the cost of web designers who can embed the service online, and insurance and warranties quickly become unaffordable to smaller businesses.
Cover Genius provides end-to-end APIs called XCover and XClaim for embedding insurance and warranty plans onto online stores, preventing the business from having to compare, arrange and deploy insurance plans themselves. The company's policies are for any business, can be translated into over 40 languages, and are designed to be read easily without unnecessary jargon.
Whilst other insurtech companies offer similar services to Cover Genius, the company has uniquely focused on ensuring its plans are easily readable, translatable, and dynamically priced based on personal requirements. Although the company initially aimed to facilitate insurance and warranty plans for smaller businesses, it also partners with large enterprises such as Ryanair, Amazon, and eBay. In 2024 it secured impressive Series E funding off the back of a year where it achieved 107% year-on-year growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
30% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2024
$80m
SERIES E
Nov 2022
$70m
SERIES D
Total funding: $242.2m
Company benefits
- Flexible Working Conditions
- Employee Stock Options
- Ongoing Learning
- Paid Parental Leave
- Wellness Initiatives
- When From Home When You Want
- Peer Bonuses and Founder Awards Program
- International Working Opportunities
- GC Gives giveback program, led by the team
Company HQ
Midtown South, New York, NY
Leadership
Angus McDonald
(CEO)They were the General Manager of Emerge Digital. Formerly the VP of International Business Development for iClick Interactive Asia Limited.
Chris Bayley
(CIO)They were the former Business Development Manager for Google. Previously an Investor and Executive Director of Software.com from 2009 to 2019.
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