Risk Director, Tink
European open banking platform
Job no longer available
European open banking platform
501-1000 employees
Job no longer available
501-1000 employees
Company mission
To change the banking industry for the better by building Europe’s most robust open banking platform.
Role
Who you are
- Relevant academic degree (Bachelor or a Masters) and/or well respected Risk Certifications
- Relevant years of experience of risk management work (financial/fintech sector is meriting) and primarily within the non-financial spectrum
- Experience of presenting to supervisory authorities in the UK, such as the FCA or the Bank of England on ERMF framework, key risks and control effectiveness
- Experience of implementing risk management frameworks into the first line
- Experience in identifying, assessing, managing, and reporting risks
- Understanding of controls and controls effectiveness; experience with controls testing
- Previous or current experience of working as financial regulator is a merit
- Excellent business mindset and being able to provide practical and actionable guidance and advice in a user-friendly way, while always maintaining your integrity
- Excellent communication skills and willingness to cooperate
- Strong ability to prioritize deliverables and projects to meet timelines efficiently, to adapt to changes in priorities quickly
- Solid analytical and problem solving skills
- Ability to facilitate group discussions and debate across functional lines and levels
- Fluent in speech and writing in English
What the job involves
- You will report directly to the CEO of Tink UK and have a dotted line to the Head of Risk for Tink AB
- You will also work closely with the management, compliance, security, legal, privacy and the rest of the fantastic people at Tink
- Be the primary point of contact, in regards to risk management, towards the UK Financial Conduct Authority (FCA)
- Implement and develop the Enterprise Risk Management Framework (ERMF) strategy and risk appetite
- Ensure legal and regulatory obligations and expectations are met for the UK region
- Work closely with the business to coordinate and assist in the implementation of the ERMF, delivering a consistent approach across the Group
- Work together with stakeholders and the business to identify key risk and implement key mitigation and/or controls to reduce these by using the ERMF and the risk management programs
- New Business Initiative Assessment (NBIA) process
- Risk Control Self Assessment (RCSA) program
- Model Risk program
- Privacy Risk Assessment program
- Security Assessment process
- Incident Management process
- Present and report a holistic view of the key risks to the Tink UK management team and the Board
- Drive improved control environment practices within the Tink UK entity and across the Tink Group
- Building key relationships with other control functions, such as compliance, privacy, and legal, within Tink UK and within the Visa Group, to further identify key risks and partner on risk mitigation
- Maintain effective risk management programs and practices, resulting in successful regulatory and supervisory engagements
- Conduct assurance reviews within the organization to identify potential unknown risks
- Build a set of key risk indicators to monitor the effectiveness of the controls
Salary benchmarks
Our take
Since 2012, Tink has pivoted from consumer focused financial management app, to a B2B open banking platform. In the EU, all banks and financial institutions are now obliged to use open banking interfaces, but with no standard format, Tink has been able to offer users everywhere a single API for moving money, accessing financial data, and verifying accounts.
The company has won the custom of some of the world’s biggest financial institutions, including PayPal, American Express, BNP Paribas and ABN AMRO.
In 2021 the company was acquired by Visa in a major deal, though it will continue to operate as a standalone subsidiary with the same leadership team that founded the company.
Steph
Company Specialist at Welcome to the Jungle
Insights
18% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Dec 2020
$99.3m
LATE VC
Jan 2020
$105.1m
SERIES D
Total funding: $331.1m
Company HQ
Stockholm, Sweden
Leadership
Daniel Kjellén
(CEO)Former investment banker at Carnegie, the Nordics’ leading investment bank. Founded and worked as CEO at corporate domain name company Prodocon AB (now a part of NetNames Group).
Fredrik Hedberg
(CTO)Founded Telavox AB, a telecommunications technology company, and served as the company’s CTO. Worked in various engineering capacities for companies such as Novell (Boston), Aspiro (Oslo) and Farallon Capital Management (San Francisco), the world’s 12th largest hedge fund.
Share this job