Title: Chief Risk Officer - Payments

Location: Hybrid Miami

Overview:

Our Client, a leading payments provider, is searching for a Chief Risk Officer (CRO) to join their leadership team. This senior executive is responsible for the effective independent oversight of the company’s risks under the direction of the CEO and Board’s Risk Committee. As a member of the Executive Management Team, their primary responsibility is to develop and implement a risk management framework with appropriate tools for the measurement, reporting, and control of the company’s financial and non-financial risks. With input from the CEO and management, they will develop and implement an enterprise risk framework including a risk appetite statement.

Responsibilities:

• Provide the overall leadership, vision, and direction for risk management and compliance leadership for domestic payments business including acquiring and merchant processing
• Establish an integrated enterprise-wide risk management framework for all aspects across the company
• Develop risk management policies and procedures, including the quantification of the company’s risk appetite; ensure policies and procedures conform to card brand rules and government regulations
• Enhance their set of risk metrics and reports, key risk exposures and early warning indicators; Provide reporting related to merchant accounts boarded to the Board’s Risk Committee and the Acquiring Bank(s) monthly and upon request 
• Continue to develop the analytical, systems, portfolio, and data management capabilities to support the risk management program including a robust monitoring program using internal and external data sources
• Mentor, manage, educate, and empower the Risk teams
• Counsel the Underwriting department so they can proactively, effectively, and efficiently evaluate the new customer/merchant applicants for risk
• Collaborate with various departments including Sales, Account Management, Compliance and Development, as well as Executive management, to implement and execute corporate initiatives
• Keep current with industry trends and potential impacts to the department and company through attendance of conferences; review of industry articles, newswires, trainings; and participation in industry associations such as APP/Association of Payments Professionals
• Evaluate, review, and assess new products or services that may be beneficial to the department, and, upon approval, coordinate implementation.
• Spearhead the development and improvement in risk systems and underwriting systems and automation

Requirements:

• 10+ years’ experience as a Risk professional at a payment/e-money institution, bank, fin-tech, financial regulatory agency and/or professional service firm serving financial institution clients
• 5+ years’ experience working in a regulated entity/environment
• Previous Board/Executive level experience or demonstrated the ability to directly report to the Board/Executive
• Demonstrated history of innovating new methodologies and processes to manage enterprise risks more effectively and efficiently
• Thorough understanding of Visa and Mastercard rules and guidelines, including experience in routine bank and card brand audits
• Thorough understanding of Regulatory compliance laws rules and guidelines, including experience in routine bank and card brand audits
• Ability to communicate, in a timely manner, with the Board/Executive on regulatory updates which may affect the business
• Bachelor’s/University degree, Master’s degree preferred