Job Description:Remitly’s vision is to transform lives with trusted financial services that transcend borders. Since 2011, we have been tirelessly delivering on our promises to people who send money around the world. Today, we are reimagining global financial services and building products that extend beyond traditional barriers to give customers access to more of the services they need, no matter where they call home. Join over 2,700 employees worldwide who are growing their careers with purpose and connection with our customers while having a positive impact on millions of people around the globe.About the Role:The Risk Manager will be responsible for the development, implementation, and oversight of the risk management framework for the organization. This role is critical in ensuring compliance with the Central Bank of Brazil's Resolution 4557 and maintaining the financial stability and operational integrity of our Exchange Broker activities.You Will:Support the business to grow in a manner which is compliant and scales, and in line with our risk appetite.Work with the business and Compliance to ensure Remitly manages the risks that it faces properly.Be focused on and responsible for ensuring that Remitly operations in the country are effective in countering the risks that our services might have considering the Brazilian regulatory landscape.Develop and scale the Enterprise Risk Management Framework (ERM) for local entity.Manage and set the strategy for the local entity, considering the regulatory environment and mainly the Resolution 4,557 issued by the National Monetary Council.Maintain Remitly's Basel Indices and anticipate any possible issues related to the risk exposure.Evaluate Remitly's RWA to fulfill properly the DLO file to the Central Bank anticipating and mitigating risk events related to the Basel Indices being reported.Manage local risk function including risk controls, setting & managing risk exposures mainly over environmental, liquidity, market and operational risks.Develop risk identification and measurement tools.Manage deployment of risk tools and practices.Perform risk assessments, analyze current risks, and identify potential risks affecting the entity.Help mitigate risks arising from internal processes, people and systems.Investigate procedures & processes, appropriately document activities & identify appropriate controls.Review and evaluate new and revised processes to ensure the appropriate risk management oversight and infrastructure exist to measure, monitor, and control such risks.Initiate and manage the annual risk assessment process and required reporting.Inform and advise stakeholders, business leaders and their teams on the risks associated with various initiatives, such as products and growth in jurisdictions.Manage and organize continuous enterprise risk assessment process, including ongoing gathering of risk data, maintaining enterprise risk universe, and reporting to key stakeholders.Develop and maintain the Risks policies, procedural documents and related training materials.Maintain and develop the risk monitoring programme and remediation work.Mitigate threats by developing risk maps, strategic action plans and monitoring risk mitigation effort.Produce and distribute risk assessments and progress reports to the Risk Controls Committee, Executive, Board Members and employees.Oversee risk management and mitigation projects.Keep stakeholders and board members informed about the risk profile and assessments.Advise the Board and Senior Management of risks to which the company, its representatives, customers and businesses might be exposed.Build a culture of risk awareness by providing support and training to staff.Facilitate the execution of risk management policies and procedures with the first line.You have:Bachelor's degree in Finance, Economics, Business Administration, or a related field (Master’s degree preferred).Minimum of 7 years of experience in risk management within the financial services industry, with a strong understanding of Brazilian financial regulations.Proven track record of developing and implementing risk management frameworks in compliance with Resolution 4557.Strong analytical and problem-solving skills, with the ability to make data-driven decisions.Excellent communication and interpersonal skills, capable of working effectively with stakeholders at all levels.Our Benefits:Medical, Dental & Vision via CarePlusLife Insurance 2x earningsIncome Protection 24x monthly earningsEmployee Stock Purchase Plan (ESPP) available for eligible employeesMental Health & Family Forming BenefitsContinuing education and travel benefitsWe are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman’s potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
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