Full-Time

Head of Risk

Confirmed live in the last 24 hours

Faire

Faire

1,001-5,000 employees

B2B marketplace connecting brands and retailers

Data & Analytics
Social Impact
Consumer Goods

Compensation Overview

$223k - $306.5kAnnually

+ Equity + Benefits

Expert

New York, NY, USA

Hybrid schedule requiring in-office presence 2 days per week (Tuesdays and Thursdays).

Category
Risk Management
Finance & Banking
Required Skills
Sales
Data Science
Requirements
  • 15+ years of related experience, empowering operational teams and developing processes, ideally as part of a Risk organization in a FinTech or other Financial Institution; experience with both Fraud and Credit highly preferred
  • Experience in scaling teams from 50 to the hundreds, globally preferred
  • Experience in fast-paced, ambiguous environments driving projects from strategy through implementation
  • Highly structured in thinking, analytical and data driven; excellent written and verbal communicator
  • Strong track record of working cross-functionally with Data Science, Product, Engineering, Design, Sales, and other functions
  • Insatiable appetite for operational excellence and energized by driving efficiency improvements in processes
Responsibilities
  • Develop the vision and strategy for Faire’s Risk team and execute on short and long-term goals ensuring they accelerate broader Faire business outcomes, including shaping Faire’s risk appetite across customer segments
  • Bring industry expertise, experience and best practices (aka playbooks) across all the sub-functions to help teams define policies, stay ahead of the curve in keeping bad actors off the platform to minimize negative financial impact, and define our credit and risk management approach
  • Identify opportunities to improve the effectiveness and efficiency of the teams through automation, streamlining of processes, leveraging vendor partners and improvement of existing systems
  • Partner cross-functionally - both within Global Operations and across other disciplines such as legal + compliance, data science, product, engineering and design etc. to build a roadmap that brings more financial products to support Faire’s mission and goals
  • Build, scale and empower the Risk team, ranging from team foundations, metrics definition, and operational processes to enable our scale to the next levels
  • Instill customer centricity and strive to deliver a world class customer experience through the lens of risk management

Faire operates a business-to-business (B2B) marketplace that connects independent brands with local retailers, primarily in the wholesale sector. The platform enables brands to expand their reach to a larger audience of retailers, while retailers can discover unique products that set their stores apart from competitors. Faire generates revenue through a commission on sales made via its platform and provides additional services like inventory management and data analytics to assist businesses in optimizing their operations. The company focuses on supporting small to medium-sized businesses and aims to enhance the distinctiveness of local communities by empowering both brands and retailers to succeed.

Company Stage

N/A

Total Funding

$1.5B

Headquarters

San Francisco, California

Founded

2017

Growth & Insights
Headcount

6 month growth

4%

1 year growth

0%

2 year growth

8%
Simplify Jobs

Simplify's Take

What believers are saying

  • Faire's collaboration with Shopify and other major retailers like Target offers employees exposure to high-profile partnerships and innovative market strategies.
  • The company's rapid growth and high valuation, currently at $12.59 billion, indicate strong financial health and promising career advancement opportunities.
  • Working at Faire provides the chance to be part of a dynamic and expanding company that is revolutionizing the wholesale market, similar to how Amazon transformed consumer products.

What critics are saying

  • The high turnover in top leadership positions could lead to strategic instability and affect company morale.
  • Faire operates in a highly competitive market, facing pressure from established giants like Amazon and emerging platforms, which could impact its market share and growth.

What makes Faire unique

  • Faire's focus on B2B wholesale marketplaces sets it apart from traditional e-commerce platforms, providing unique opportunities for small and medium-sized businesses to reach broader audiences.
  • The strategic partnership with Shopify, which named Faire its 'recommended wholesale marketplace,' significantly enhances Faire's credibility and market reach.
  • Faire's rapid geographic expansion and impressive sales milestones, such as reaching $150 million in sales across 15 European markets within six months, highlight its robust growth trajectory.

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Benefits

Time off

Parental leave

Daily mindfulness

Annual learning grant

Thoughtfully designed spaces

Fitness & wellbeing benefits

Mental health benefits

Charitable matching

Career planning