Kapitus · 19 hours ago
Director, Enterprise Risk Management - Job ID 632
New York, NY
Full-time
Remote
Director/Executive
$122K/yr - $175K/yr
7+ years exp
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Responsibilities
Establish and Lead the Compliance Program:
Collaborate with the VP of Enterprise Risk and Compliance to design and implement a comprehensive compliance program, specifically addressing operational, financial and compliance needs in a complex regulatory environment.
Develop and maintain compliance policies and procedures that address business activities, ensuring adherence to internal standards and risk controls, while partnering with the legal department on regulatory compliance matters.
Oversee the development of a compliance risk assessment process to identify, assess, and mitigate risks related to lending practices, customer management, and financial transactions.
Risk Management and Controls:
Lead the risk management framework, including the identification, assessment, and mitigation of operational, credit, and financial risks within the portfolio.
Ensure the establishment of risk controls across all business functions, focusing on key risk areas such as credit, operational, regulatory, and compliance risk.
Develop and implement a risk appetite framework to define the organization’s tolerance for different types of risk, ensuring alignment with business objectives.
Create and maintain a risk register to document, track, and report key risks, with regular updates to the VP and senior management.
Lead and Develop the Risk Analyst Team:
Lead and manage a team, providing guidance on conducting risk assessments, scenario analysis, and monitoring risk trends across the organization.
Collaborate with the Risk Analyst to develop dashboards and reporting tools to monitor and report on key risk indicators (KRIs)
Ensure the team stays current with industry trends, tools, and methodologies related to risk management in the industry.
Compliance Reporting and Oversight:
Provide regular updates to the VP of Enterprise Risk and Compliance on the status of compliance and risk management efforts, including key metrics and any issues identified.
Prepare risk and compliance reports for senior management and the Board of Directors as required, focusing on business operations and risk mitigation efforts.
Support compliance audits and investigations into potential violations of company policies, ensuring proper reporting and resolution of issues in close coordination with the legal department.
Oversee the preparation and execution of compliance audits with a focus on internal business practices and risk exposure.
Policy Development and Maintenance:
Develop and maintain policies and procedures related to operational compliance and risk management, ensuring they are clearly communicated and followed across all business units.
Ensure that policies reflect industry’s best practices, focusing on regulatory risk, credit risk management, and operational risk.
Compliance and Risk Training and Awareness:
Develop and implement a compliance training program for employees and management to ensure awareness and understanding of operational compliance and risk management practices.
Partner with the Legal Department to ensure the compliance training program includes updates on relevant regulations.
Promote a culture of compliance and risk awareness throughout the organization, ensuring employees at all levels understand the importance of adhering to internal standards and risk management frameworks.
Collaboration with General Counsel and Legal on Regulatory Compliance:
Work closely with Legal to ensure that the compliance program aligns with the organization’s regulatory obligations, including BSA/AML, Dodd-Frank 1071, fair lending regulations, and data privacy laws.
Provide support to the Legal Department by implementing compliance controls that adhere to regulatory frameworks and ensuring the operational side of the business remains compliant.
Serve as a liaison between the risk management function and legal counsel to ensure cohesive risk and regulatory compliance strategies.
Collaboration and Cross-Functional Leadership:
Serve as the primary compliance and risk liaison with key business units, including sales, credit, IT, finance/treasury, marketing, and customer service, to ensure that compliance and risk standards are embedded into daily operations.
Partner with technology teams to ensure that data privacy and security protocols align with internal risk management and compliance standards.
Collaborate with the business team to ensure audit finding remediation plans align with appropriate compliance and risk mitigation strategies.
Qualification
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Required
Bachelor’s degree in Business, Finance, Risk Management, or related field required; Master’s degree or relevant certifications (e.g., CFA, FRM, PRM) preferred.
Minimum of 7-10 years of experience in risk management, with at least 3-5 years in a leadership or senior management role.
Proven track record of developing and implementing risk management frameworks and strategies at the enterprise level.
Experience with regulatory requirements, compliance, and industry best practices in risk management.
Strong analytical skills with experience using risk management tools and technologies.
Proficient in data analysis, financial modeling, and risk quantification techniques.
Familiarity with risk management software and platforms, and the ability to work with complex data sets.
Demonstrated ability to lead cross-functional teams and manage enterprise-wide initiatives.
Strong communication, presentation, and interpersonal skills to effectively engage with executives, stakeholders, and board members.
Proven experience in fostering a culture of risk awareness and continuous improvement.
Strong problem-solving and decision-making capabilities in complex and dynamic environments.
Ability to work independently, prioritize tasks, and manage multiple projects simultaneously.
High level of integrity, ethics, and professional judgment.
Preferred
Master’s degree or relevant certifications (e.g., CFA, FRM, PRM) preferred.
Background in financial services, insurance, banking, or other highly regulated industries is preferred.
Benefits
Health Insurance: We offer comprehensive medical, dental, and employer-paid vision plans through UnitedHealthcare (UHC), with various coverage levels available to meet the needs of our employees and their families.
100% Company Paid Insurances: Kapitus fully covers the cost of basic short-term and long-term disability insurance, as well as vision insurance , ensuring our employees have comprehensive protection without any personal expense.
Voluntary Insurance: Supplemental life insurance as well as enhanced short- and long-term disability coverage are available through Mutual of Omaha, providing additional security for our employees. Additionally, Colonial Accident and Hospitalization insurances are also available, offering further protection against unforeseen events.
Paid Maternity and Parental Leave: Beyond state-mandated leave policies, Kapitus provides company-paid maternity and parental leave, supporting our employees during important family milestones.
LifeBalance Program: Enhance your lifestyle with our LifeBalance membership, which offers discounts on outdoor activities, the arts, health, and fitness. Additional benefits include:
+ Pet and car insurance discounts.
+ Financial services such as LegalShield.
+ Relaxation and stress management tools, including a fully covered annual subscription to The Calm App.
Plum Benefits Discount Program: Access exclusive discounts on shows, travel, car rentals, and more, enriching your personal and family life.
Tuition Reimbursement: Pursue further education with up to $5,000 annually in tuition reimbursement, plus opportunities to attend relevant conferences and career development events.
Transit Reimbursement: We also offer transit reimbursement for all work-related travel, supporting your involvement in career and personal development activities.
Paid Time Off: Employees enjoy 120 Hours of Paid Time Off and can rollover up to 40 Hours to the following year, in addition employees receive 56 hours of Sick Time annually. Unused sick time does not expire; instead, it accumulates in a special accrual bank that never expires and can be utilized for FMLA needs or other approved leaves.
Retirement Benefits: Our 401K plan is managed through Fidelity, featuring a 25% match on employee contributions, helping you plan for a secure financial future.
Company
Kapitus
Kapitus is a business loan provider dedicated to helping small and medium-sized businesses in their growth.
201-500 employees
H1B Sponsorship
Kapitus has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (3)
2022 (2)
2021 (2)
2020 (6)
Funding
Current Stage
Growth StageTotal Funding
$675M2024-06-18Debt Financing· $45M
2023-04-03Debt Financing· $130M
2022-02-10Debt Financing· $200M
Leadership Team
Andrew Reiser
CEO and Founder
Recent News
2024-11-08
Business Wire
2023-04-03
Company data provided by crunchbase
