Full-Time

Third Party Risk Manager

Confirmed live in the last 24 hours

Remitly

Remitly

1,001-5,000 employees

Facilitates international money transfers for immigrants

Fintech
Financial Services

Compensation Overview

$125k - $140kAnnually

+ Equity

Senior

Seattle, WA, USA

Hybrid role based in Seattle office.

Category
Risk Management
Finance & Banking
Requirements
  • Bachelor's degree in Risk Management, Finance, or a related field. Master's degree or professional certification is a plus
  • Minimum of 5 years of experience in risk management, vendor management, or a related role, preferably in the financial services or remittance industry
  • Experience with third-party risk management frameworks, tools, and best practices
  • A good understanding of the principles of risk management, control, and assurance
  • Experience with regulatory requirements related to third-party risk
  • Excellent analytical, problem-solving, and decision-making skills
  • Strong interpersonal and communication skills, with the ability to collaborate effectively with internal and external stakeholders
  • Attention to detail and accuracy
  • Ability to work independently and manage multiple priorities
  • Strong organisational and project management skills
  • Flexible to work across multiple time zones
Responsibilities
  • Manage the Third Party Risk Management program
  • Facilitate the identification and remediation of operational issues in the program
  • Guide continuous evolution of the Third Party Risk Management program
  • Identify opportunities for synergies across the organization
  • Coordinate with our teams and third parties to conduct criticality assessments, due diligence reviews, resolve incidents and implement corrective actions
  • Manage the end to end lifecycle of a third party relationship from onboarding to termination
  • Participate in the development and testing of third party contingency arrangements
  • Maintain a centralized repository of third-party risk information and documentation
  • Define third party risk management policies, procedures, and standards
  • Ensure third-party risk management practices are aligned with regulatory requirements and industry best practices
  • Prepare regular reports and presentations for senior management and the board on third-party risk exposure and mitigation efforts
  • Provide training and awareness programs to internal stakeholders on third-party risk management practices
  • Leverage synergies between country risk programs and third party risk programs

Remitly focuses on international money transfers, helping immigrants send money to their families quickly and securely at lower costs than traditional banks. The company charges transaction fees and earns from the exchange rate margin, offering various transfer options like bank deposits and cash pickups. Remitly enhances user experience through its website and mobile app, allowing real-time tracking of transfers, and engages with immigrant communities by providing helpful resources and educational support. Its goal is to meet the unique needs of immigrants while ensuring fast, affordable, and reliable money transfer services.

Company Stage

IPO

Total Funding

$423.9M

Headquarters

Seattle, Washington

Founded

2011

Growth & Insights
Headcount

6 month growth

3%

1 year growth

3%

2 year growth

22%
Simplify Jobs

Simplify's Take

What believers are saying

  • Strategic partnerships with major players like Visa and Mastercard enhance Remitly's service offerings and market reach.
  • The appointment of a new Chief People Officer indicates a focus on strengthening organizational culture and employee satisfaction.
  • Remitly's involvement in high-visibility partnerships, such as with Major League Cricket, boosts brand recognition and customer trust.

What critics are saying

  • Ongoing legal investigations could impact investor confidence and financial stability.
  • The competitive remittance market, with players like Visa and CIBC, poses a constant threat to market share.

What makes Remitly unique

  • Remitly focuses on serving immigrants and their families, offering tailored services that address their unique needs, unlike broader financial service providers.
  • The company leverages technology to provide real-time tracking and transparency, enhancing user trust and satisfaction.
  • Remitly's commitment to social responsibility, including educational initiatives and community engagement, sets it apart from competitors.

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Benefits

Continuing Education or Travel Stipend

Office Culture

Flexible PTO, Schedules and Leaves

DEI Learning Opportunities

Community Engagement

Inclusive Benefits