Full-Time

Director – Risk

Posted on 10/29/2024

Pathward

Pathward

501-1,000 employees

Financial services promoting inclusion and access

Fintech
Financial Services

Compensation Overview

$99.5k - $183.8kAnnually

+ Annual Performance-Based Incentive

Senior

United States

Hybrid role with remote-office flexibility.

Category
Risk Management
Finance & Banking
Requirements
  • Bachelor's degree or equivalent education and work experience.
  • 8+ years with merchant acquiring, or other related card brand payment products.
  • Merchant Acquiring Payment Solutions, Card Brand Rules, Direct-to-Debit, Payment Solutions, Real Time Payments, Third Party Risk Management.
  • Influencing others
  • Innovation
  • Strategic Thinking and Business Acumen
  • Outcome Driven
  • Planning and Organization
  • Empowering others
Responsibilities
  • Leads and develops a team of professionals responsible for risk analysis, review, and reports.
  • Assesses risk position and communicates trends to senior leadership and risk committees.
  • Regularly communicates risk to regulators, leads regulatory discussions and presents information, and responds to regulatory requests.
  • Collaborates and builds relationships with other risks and line of business leaders to deliver on initiatives and establish trust with stakeholders.
  • Develop, monitor, and report on KPIs and KRIs for various internal measures including senior leadership and board reporting.
  • Proactively identifies gaps, roadblocks, bottlenecks, and inefficiencies that impact risk initiatives and efforts and works to mitigate them.
  • Represents risk at the appropriate level across the organization and advocates for and defends decisions associated with strategy and plans.
  • Other duties as assigned.

Pathward promotes financial inclusion for individuals and businesses by offering a variety of financial services. Operating in the fintech sector, it uses technology to enhance financial solutions. Pathward provides services such as Banking as a Service (BaaS), payment processing, credit solutions, tax solutions, and commercial finance options, catering to small and medium-sized businesses and individuals lacking access to traditional banking. Unlike many competitors, Pathward focuses on a purpose-driven approach, helping clients navigate their financial journeys despite economic challenges. The company generates revenue through fees, interest, and service charges from its tailored financial services, including working capital loans and equipment financing. Pathward's goal is to empower clients to achieve financial stability and growth.

Company Stage

IPO

Total Funding

N/A

Headquarters

Sioux Falls, South Dakota

Founded

1954

Simplify Jobs

Simplify's Take

What believers are saying

  • Pathward's partnership with TabaPay enhances its money movement capabilities for faster payments.
  • The launch of Solutions for Financial Institutions reduces reliance on third-party vendors.
  • Pathward's Great Place To Work certification boosts employee retention and attracts top talent.

What critics are saying

  • Increased competition from fintechs like Dash Solutions pressures Pathward to enhance payment solutions.
  • Partnership with Ouro may pose risks if Ouro's strategic direction changes.
  • Expansion into commercial finance may face challenges from established market players.

What makes Pathward unique

  • Pathward offers a comprehensive suite of financial solutions for underserved clients.
  • The company focuses on financial inclusion, targeting unbanked and underbanked populations.
  • Pathward's Banking as a Service (BaaS) model provides tailored solutions for financial institutions.

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