Senior Risk Officer at PalmPay

Job Summary: 

As the Senior Risk Officer (SRO) for our company, you will play a critical role in shaping and executing our risk management strategy. You will be responsible for identifying, assessing, and mitigating risks associated with our financial products, services, and operations. The ideal candidate will have a deep understanding of the financial industry, strong leadership skills, and the ability to drive risk management initiatives in a fast-paced and innovative environment.

Key Responsibilities:

• Risk Strategy Development: Develop and implement a comprehensive risk management strategy tailored to the unique challenges and opportunities of the Fintech industry.
• Regulatory Compliance: Ensure compliance with relevant financial regulations and industry standards, staying informed about changes in regulatory requirements and proactively addressing any compliance issues.
• Credit Risk Management: Oversee the credit risk assessment process for our lending and financing products, including underwriting standards, credit scoring models, and portfolio monitoring.
• Market Risk Management: Monitor and manage market risks associated with our investment products and trading activities, including interest rate risk, foreign exchange risk, and liquidity risk.
• Operational Risk Management: Identify and mitigate operational risks across all areas of the organization, including technology, cybersecurity, fraud, and third-party vendor relationships.
• Data Security and Privacy: Implement robust data security and privacy controls to protect sensitive customer information and ensure compliance with data protection regulations such as GDPR and CCPA.
• Risk Monitoring and Reporting: Establish systems and processes to monitor key risk indicators and provide regular reports to senior management and the board of directors, highlighting emerging risks and trends.
• Crisis Management: Lead the organization's response to crisis situations or disruptions, coordinating with cross-functional teams to minimize impact and ensure business continuity.
• Stakeholder Engagement: Build relationships with regulators, industry associations, and other external stakeholders to enhance the company's reputation and credibility in risk management practices.
• Talent Development: Recruit, develop, and mentor a high-performing risk management team, providing guidance and support to ensure the team has the skills and expertise needed to effectively manage risk in a Fintech environment.

Qualifications:

• Bachelor's degree in finance, risk management, business administration, or a related field; advanced degree preferred.
• Minimum of 8-10 years of experience in risk management, with at least 5 years in a leadership role within the Fintech industry.
• Strong understanding of financial products and services, including lending, payments, investments, and digital banking.
• Expertise in regulatory compliance requirements for Fintech companies, with a track record of successfully navigating complex regulatory environments.
• Excellent analytical, problem-solving, and decision-making skills, with the ability to balance risk and reward in a dynamic business environment.
• Exceptional communication and interpersonal skills, with the ability to influence and collaborate effectively at all levels of the organization.
• Relevant professional certifications such as Certified Risk Manager (CRM), Financial Risk Manager (FRM), or Certified Information Security Manager (CISM) preferred.