LemFi (YC S21, Series A) is a financial technology company reshaping how the diaspora community in North America, Europe and the United Kingdom move their money globally.

We build products and services that allow our customers to send, receive, manage and do more with their money in one app. We have 1 million customers, and more strongly, come join us to help build the future of financial services for immigrants across the globe.

Who you are:

You are a candidate who would thrive in a fintech startup environment like ours, where we readily accept individuals with a humble yet uplifting attitude alongside a diligent sense of work ethic. The teams here at LemFi are passionate about their work and expertise but also lend hands-on cross-functional responsibilities to ensure the success of the company and the satisfaction of our clientele.

Job Summary:

The Risk Officer will play a crucial role in identifying, assessing, and mitigating risks within the institution. This role ensures that the risk management framework is robust, effective, and aligned with regulatory requirements and the institution's strategic objectives.

This role will be for the UK, US and Canada, with potential expansion countries.

Responsibilities are as follows:

• Risk Identification and Assessment:
  • Conduct comprehensive risk assessments to identify potential risks in operations, financial activities, and strategic initiatives.
  • Enhance and maintain a risk register, documenting identified risks and their potential impact on the institution.
  • Perform regular risk analysis and stress testing to evaluate the institution's resilience.
  • Ensure regular reviews of the risk register using the required functions.
• Risk Mitigation and Management:
  • Develop and implement risk mitigation strategies and action plans.
  • Monitor the effectiveness of risk management practices and adjust strategies as necessary.
  • Ensure that risk management processes are integrated into the institution's daily operations.
• Policy Development and Compliance:
  • Develop, review, and update risk management policies and procedures to ensure compliance with regulatory standards.
  • Ensure all risk management activities are in line with the FCA/FINTRAC/FINCEN/ European Bank regulations and any other relevant regulatory bodies.
  • Prepare and present risk reports to senior management and the Board of Directors.
• Training and Awareness:
  • Conduct training sessions to raise awareness of risk management practices among employees.
  • Promote a culture of risk awareness and proactive risk management throughout the institution.
• Incident Management:
  • Lead investigations into risk incidents, breaches, and near-misses.
  • Develop corrective action plans and ensure timely resolution of issues.
  • Maintain records of all risk incidents and follow up on implementation of preventive measures.
• Stakeholder Engagement:
  • Collaborate with various departments to ensure a cohesive approach to risk management.
  • Act as a liaison between the institution and external stakeholders, including regulators, auditors, and industry bodies.

Requirements:

• 5-7 years experience in a senior risk role
• Strong understanding of regulations across the UK, US, Canada, and EU
• Experience developing and maintaining a risk management framework
• Excellent analytical, research, verbal and written communication skills;
• Adaptability to global operational needs and ability to work in a rapidly changing business and regulatory environment.
• Ability to thrive as part of a team and be an empowering, constructive and considerate colleague;
• Data and analytical skills, including proficiency with Microsoft Excel and the ability to perform data analysis;
• Ability to learn new technologies and systems;
• Preferred locations- United Kingdom, USA or Canada