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Full-Time

Head of Risk Operations

Posted on 6/18/2024

Shakepay

Shakepay

51-200 employees

Digital currency platform for buying, selling cryptocurrencies

Crypto & Web3

Senior

Remote in Canada

The position allows work from anywhere in Canada, with office options in Montreal and Toronto.

Category
Quality Control & Compliance
Supply Chain Management
Operations & Logistics
Required Skills
Communications
Management
Requirements
  • 8+ years of full-time experience in risk management at a fintech company
  • Experience driving material change in an operational team at scale
  • Experience with industry fraud prevention tools and technology
  • Strong ability to build and maintain relationships with vendors and key stakeholders at all levels across the organization
  • Capable leader with a passion for developing high performance teams
  • Strong collaboration skills with technical teams (engineering, data & product)
  • Track record of facilitating a data-driven culture
  • Thrive in a fast-paced environment
Responsibilities
  • Lead a team of operational individuals responsible for keeping the platform safe from fraud and risk
  • Guide data scientists dedicated to the risk function
  • Implement an effective risk management strategy balancing customer friction with fraud detection and operational complexity
  • Partner with product teams to ensure fraud and risk controls are considered for all product launches
  • Drive risk management technology strategy by creating a detection framework to mitigate losses and protect the user base
  • Build fraud insight reporting for operational efficiencies and business communications
  • Develop and implement risk management policies and procedures to simplify cross-functional operations
  • Scale fraud operations by breaking down silos across financial services products
  • Influence the design of user experience around fraud and security controls
  • Oversee vendor relationships for cost-effective sourcing and quality of service
  • Create accountability and lead by a performance-oriented culture

Shakepay is a digital currency platform based in Canada that enables users to buy, sell, and manage Bitcoin and Ethereum quickly. The platform features a mobile app and web interface designed for easy cryptocurrency transactions, catering to both beginners and experienced users. Shakepay generates revenue through transaction fees and spreads on buy/sell orders. A standout feature is the 'Shakepay Card,' a prepaid Visa card that allows users to spend their cryptocurrency instantly, converting it to Canadian dollars at the time of purchase. The company prioritizes security and gives users control over their digital assets, ensuring that all transactions are final and irreversible. Shakepay exclusively serves Canadian residents and complies with local regulations.

Company Stage

Series A

Total Funding

$36M

Headquarters

Montreal, Canada

Founded

2015

Growth & Insights
Headcount

6 month growth

12%

1 year growth

32%

2 year growth

16%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $44 million Series A funding round provides significant capital for expanding product offerings and scaling operations.
  • Innovative features like 'shakepaid' and bitcoin cashback can attract a loyal customer base seeking more value from their financial services.
  • Partnerships with established entities like Marqeta enhance Shakepay's credibility and operational capabilities.

What critics are saying

  • The volatile nature of cryptocurrency markets could impact customer trust and the stability of Shakepay's financial products.
  • Competition from both traditional banks and emerging fintech companies could pressure Shakepay to continuously innovate and maintain its unique offerings.

What makes Shakepay unique

  • Shakepay's focus on eliminating fees for basic financial services sets it apart from traditional banks and fintech competitors.
  • The integration of bitcoin cashback and 'shakepaid' rewards offers unique value propositions that are not commonly found in other financial platforms.
  • Shakepay's seamless combination of traditional financial services with cryptocurrency options appeals to a tech-savvy, younger demographic.

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