Full-Time

Operational 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

$124k - $150kAnnually

+ Equity

Senior

Seattle, WA, USA

Category
Risk Management
Finance & Banking
Requirements
  • 5 years+ Operational Risk experience
  • Experience in maturing the Controls and Management of a large customer focused business ideally within the financial services space
  • Experience of managing teams and stakeholders through the Change journey
  • Vendor management / multi-site experience (desirable)
Responsibilities
  • Be responsible for Operational risk within the Enterprise Risk Management ("ERM") Program; supporting the Global ERM framework in managing Operational Risk
  • Review operational risk policies and standards for risk management along with understanding the controls in place to mitigate and building additional controls where necessary
  • Ensure Processes, Workflows, and Documentation match regulatory requirements and guidance on an ongoing basis
  • Perform operational risk identification and assessments in business units
  • Implement a plan to support in the prevention, elimination and mitigation of operational risks in line with the Company's risk appetite
  • Assist in the development of key risk and control indicators
  • Coordinate with senior management in performing operational risk reviews
  • Track and monitor operational risk issues ensuring that risks are managed in line with risk appetite, that issues are resolved satisfactorily and lessons learned are shared
  • Report operational risk issues and decisions to senior management on a regular basis
  • Drive the building out of an Incident Management framework and adoption
  • Partner with First Line risk teams
  • Develop strong relationships with key internal stakeholders and business partners by working together to address issues/concerns in a timely manner
  • Maintain documentation for risk management, risk policies and procedures
  • Ensure Operational Risk Training is robust and well managed: owning training content and delivery for First Line colleagues
  • Keep abreast of latest operational risk management techniques and industry best practices for operational resilience
  • Bring a strong customer focus and drive to get things right for our customers

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