Risk Manager

Summary

Join finmid's Latvian subsidiary as Risk Manager, establishing and managing the risk function. Collaborate with the Berlin-based team on risk governance, regulatory compliance, and business growth. Develop and implement risk frameworks, monitoring credit and operational risks. Establish robust risk management controls, integrating third-party assessment tools and detection systems. Support compliance initiatives, ensuring adherence to Bank of Latvia standards. Prepare risk analysis reports, presenting insights to senior management. Develop and execute business continuity and incident response plans. This role offers remote or on-site work in Latvia.

Requirements

• Risk Management Experience: At least 4-5 years of experience 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
• Expertise in Risk Modeling: Deep understanding and practical experience in risk modeling (PD/LGD/EAD), policy formulation, risk appetite setting, and credit risk monitoring; Experience with SQL / Python / R or a willingness to learn is a strong advantage, supporting data-driven decision-making and risk analysis
• Regulatory Knowledge: Understanding of Latvian and European financial regulations (e.g., PSD2), with the ability to ensure compliance while fostering business growth is seen as a plus
• Leadership and Collaboration: 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
• Exceptional Communication: Skill at turning complex risk data into clear, concise narratives and actionable insights, both verbally and in writing
• Educational and Professional Credentials: A Bachelor’s degree in finance, risk management, business administration. or a related discipline is required

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

Advanced certifications such as FRM or CFA are seen as valuable

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