Risk Manager

Summary

Join finmid's Latvian subsidiary as Risk Manager and play a crucial role in establishing and managing the risk function. Collaborate closely with the Berlin-based risk management team, reporting directly to the Chief Risk Officer. You will be responsible for comprehensive risk governance, regulatory compliance, and business growth through proactive risk strategies. This hands-on role involves developing and implementing risk frameworks, establishing robust risk management controls, supporting compliance initiatives, preparing risk analysis reports, and developing business continuity plans. The position requires significant risk management experience, expertise in risk modeling, regulatory knowledge, strong leadership and communication skills, and a Bachelor's degree in a related field. Finmid offers remote or on-site work options in Latvia, flexibility, a home office stipend, 30 days of paid time off, equity, and a positive work culture.

Requirements

• A solid track record in risk management within high-growth technology, financial services, or fintech sectors with a proven capability to design, execute, and continuously improve practical risk management processes
• Deep understanding and practical experience in risk modeling (PD/LGD/EAD), policy formulation, risk appetite setting, and credit risk monitoring
• Understanding of Latvian and European financial regulations (e.g., PSD2), with the ability to ensure compliance while fostering business growth
• Demonstrate an ability to collaborate across functions, make sound decisions, and lead cross-departmental teams while at the same time working independently, delivering on expectations within challenging timelines
• Skill at turning complex risk data into clear, concise narratives and actionable insights, both verbally and in writing
• A Bachelor’s degree in finance, risk management, business administration, or a related discipline

Responsibilities

• Develop and implement scalable operational and financial risk identification, assessment, and mitigation frameworks across the entire customer lifecycle, collaborating with our Berlin-based team; afterwards regularly monitor credit and operational / IT risks, implementing actionable mitigation strategies
• Establish robust in-product and back-end risk management controls, integrating third-party assessment tools, and implementing detection systems (rule-based and model-based) in alignment with regulatory requirements and business goals
• Support in compliance initiatives, ensuring all operations and processes adhere to Bank of Latvia standards and other relevant regulatory guidelines and best practices
• Working closely together with the risk team in Berlin, prepare detailed risk analysis reports, presenting actionable insights clearly and effectively to senior management and group stakeholders
• Develop, test, and execute comprehensive business continuity and incident response plans

Preferred Qualifications

• Experience with SQL / Python / R or a willingness to learn
• Advanced certifications such as FRM or CFA

Benefits

• Though generally we see ourselves as “distributed first”, this role is based out of Latvia where you can work remote or on-site
• We are flexible and cover whatever you need to be as productive as possible
• Home office stipend
• 30 days time off
• Meaningful equity in finmid
• Open-minded and transparent culture that includes regular get together meetings (e.g. All Hands, Brown Bag Lunch, Offsites)