Director, Prudential Risk

  • Full-time
  • CKO Department: Risk, Audit, and Compliance

Company Description

Checkout.com is one of the most exciting fintechs in the world. Our mission is to enable businesses and their communities to thrive in the digital economy. We’re the strategic payments partner for some of the best known fast-moving brands globally such as Wise, Hut Group, Sony Electronics, Homebase, Henkel, Klarna and many others. Purpose-built with performance and scalability in mind, our flexible cloud-based payments platform helps global enterprises launch new products and create experiences customers love. And it's not just what we build that makes us different. It's how.

We empower passionate problem-solvers to collaborate, innovate and do their best work. That’s why we’re on the Forbes Cloud 100 list and a Great Place to Work accredited company. And we’re just getting started. We’re building diverse and inclusive teams around the world — because that’s how we create even better experiences for our merchants and our partners. And we need your help. Join us to build the digital economy of tomorrow.

Job Description

The role

Reporting into the Vice President of Risk, Compliance and Audit, the Director, Prudential Risk will build out and lead a small team of risk professionals to oversee our risk policies, set our governance framework and provide overall risk oversight for our merchant acquiring capabilities globally. 

 

How you’ll make an impact

  • Leading efforts to manage Prudential Risks including credit, market, liquidity
  • Collaborating with other teams, such as Finance, Treasury, Credit Risk, Financial Partnerships to co-ordinate and perform second line oversight including policy guidance
  • Oversee the design of risk appetite metrics for monitoring liquidity and capital and monitor their application. To include capital, liquidity, and market risk.
  • Monitor overall portfolio credit risk (default probability, stress testing, risk rating distribution, portfolio concentration)
  • Develop Minimum Acceptance Criteria for high credit risk verticals
  • Partner with the 1st LoD to define risk appetite statements and KRIs Performing second line oversight of regulatory reporting, including the internal processes and controls that are leveraged for regulatory reporting purposes.
  • Manage key risk relationships with payment networks, acquirers and banking partners; drive discussions with partners on rules and regulations; provide reporting as needed
  • Performing ad hoc analysis of changes in business structure, new products, market events, and regulatory developments.
  • Assessing Checkout.com's the Banks risk profile relative to its risk appetite for Prudential Risk, as well as the effectiveness of controls and status of actions required to remediate weaknesses
  • Providing formal written periodic review summaries of Prudential Risk Oversight for consideration at committees including Executive and Board Risk Committees.
  • Accountable for managing the respective portions of the overall Risk Management Framework and Risk Register

Qualifications

What we’re looking for

  • 8+ years of experience in financial services risk management
  • Experience with payment network compliance and operations and credit risk management
  • Experience overseeing Prudential Risks including working with finance on default models and loss provisioning.
  • Experience working for a global organization and partnering with colleagues across multiple time zones
  • Analytical leader, skilled at using metrics and analytics to make recommendations and drive decisions
  • People-focused leader with proven ability to build collaborative teams; develop people; and link performance to overall business objectives.
  • Ability to work effectively with people at all levels in an organization
  • A track record of delivery on complex projects, using strong relationship building skills and ability to influence and work cross-functionally
  • Excellent communication skills including the ability to convey complex ideas succinctly to various audiences

Additional Information

Apply without meeting all requirements statement 

If you don't meet all the requirements but think you might still be right for the role, please apply anyway. We're always keen to speak to people who connect with our mission and values.

We believe in equal opportunities

We work as one team. Wherever you come from. However you identify. And whichever payment method you use. 

Our clients come from all over the world — and so do we. Hiring hard-working people and giving them a community to thrive in is critical to our success.

When you join our team, we’ll empower you to unlock your potential so you can do your best work. We’d love to hear how you think you could make a difference here with us. 

We want to set you up for success and make our process as accessible as possible. So let us know in your application, or tell your recruiter directly, if you need anything to make your experience or working environment more comfortable. We’ll be happy to support you.

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