Full-Time

Risk Management Specialist I

Posted on 8/12/2024

Affirm

Affirm

1,001-5,000 employees

Provides buy now, pay later financing solutions

Fintech
Financial Services

Compensation Overview

$63k - $83kAnnually

+ Equity Rewards

Mid

Remote in Canada

Category
Risk Management
Finance & Banking
Required Skills
Communications
Management
Requirements
  • 2+ years of professional work experience in internal audit, enterprise risk, or operational risk in a regulated environment, preferably in banking or financial services
  • 4-year college/university degree; in lieu of this, we will consider additional years of experience beyond the 2+ listed above
  • Self-starter with the desire to ramp up quickly, collaborate, execute and propose alternative or creative solutions when necessary
  • Excellent time management, critical thinking, analytical and communication skills
  • Resourceful and can work well independently
  • Proficient in Google Workspace applications: Gmail, Sheets, Drive, Docs, etc.
Responsibilities
  • Support all ERM programs including but not limited to:
  • Business Continuity Management and Disaster Recovery Program
  • Risk Management Committee Administration
  • Third-Party Risk Management Program
  • Issue Management Program
  • Policy Governance
  • Product Governance
  • Support risk identification, tracking and monitoring activities as part of operational risk oversight and product governance for existing products and new strategic initiatives
  • Assist with issue management activities including remediation coordination, risk committee escalations, reporting and trend analysis
  • Coordinate risk committee agenda, pre-read materials and scheduling of attendees
  • Keep track of risk committee action items and take meeting minutes
  • Handle internal and external audit requests related to risk committee reporting and minutes
  • Facilitate policy reviews and ensure policy governance standards are met
  • Assist in drafting and maintaining procedures for program activities
  • Propose ERM program enhancements including recommendations on policy, standards, procedures, and tooling
  • As needed, support the execution of strategic projects for the wider ERM team

Affirm offers point-of-sale financing solutions as an alternative to traditional credit cards. It allows consumers to make purchases and pay over time through installment plans, often without hidden fees or deferred interest. Affirm partners with merchants to integrate its payment solutions into online and in-store shopping experiences, using user-friendly plugins and APIs. The company generates revenue from interest and fees on loans to consumers, as well as fees from merchants for offering its financing options. Affirm also provides a merchant dashboard for transaction processing and promotional tools to help businesses market these financing options effectively. The goal of Affirm is to empower consumers with flexible payment options while providing value to merchants in the e-commerce and retail markets.

Company Stage

IPO

Total Funding

$1.1B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Affirm's partnership with Adyen expands its reach in North America.
  • Affirm's $4 billion partnership with Sixth Street boosts financial stability.
  • Affirm's BNPL services gain traction among high-income consumers.

What critics are saying

  • Increased CFPB regulation could raise compliance costs for Affirm.
  • Affirm faces competition from new entrants in the BNPL market.
  • Reliance on partners like Adyen and Apple poses potential revenue risks.

What makes Affirm unique

  • Affirm offers transparent installment loans with no hidden fees or surprises.
  • Affirm partners with over 2,000 merchants, including major retail brands.
  • Affirm's user-friendly APIs enable seamless integration with online and in-store platforms.

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Benefits

Spending wallets: Access tech, food, lifestyle, and family planning wallets for your expenses

Supportive communities: Get involved with our employee resource groups and community groups

Remote-first workforce: If your role is remote, you can set up shop anywhere in your home country

Generous time off: Take the time you need when life happens

Health benefits: Get a plan that fits your needs

Mental healthcare: Take care of your mind with great mental health programs

Parental leave: Birth and non-birth parents get 18 weeks paid leave. Plus, a 4-week return-to-work transition program, at full base pay.

Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family.

Away days: We offer 24 company-wide paid days off—which help our teams collectively pause to recharge.

Learning & development: Engage in exciting learning programs to level up your growth.

INACTIVE