Financial Risk Manager (2nd LOD)

ABOUT TIDE

At Tide, we are building a business management  platform designed to save small businesses time and money. We provide our members with business accounts and related banking services, but also a comprehensive set of connected administrative solutions from invoicing to accounting.

Launched in 2017, Tide is now used by over 1 million small businesses across the world and is available to UK, Indian and German SMEs. Headquartered in central London, with offices in Sofia, Hyderabad, Delhi, Berlin and Belgrade, Tide employs over 2,000 employees.

Tide is rapidly growing, expanding into new products and markets and always looking for passionate and driven people. Join us in our mission to empower small businesses and help them save time and money.

About the team:

The Global Credit & Financial Risk team is a 2LoD team overseeing the Financial risks inherent in the Finance and Treasury activities and financial products, monitoring the compliance with the Financial Risk Appetite and advising the 1LoD partners to properly manage Financial risk.

About the role:

As a Financial Risk Manager within the 2nd Line of Defence, you will play a critical role in strengthening Tide's financial risk oversight. Working closely with our Global Head of Financial and Credit Risk and Chief Risk Officer, you will enhance the 2LoD oversight on risks inherent in the Finance and Treasury activities.

This role requires a meticulous individual with a strong understanding of financial risk management principles and a proven track record in reviewing statutory audits and regulatory financial reports.

Your responsibilities will include:

• Risk Analysis & Mitigation: Analyse and measure exposure to financial risks threatening Tide's cash management, assets, earning capacity, or economic state. Make robust recommendations to mitigate identified risks effectively.
• 1LoD Partnership & Challenge: Partner with the Finance & Treasury 1LoD Risk Owners to understand their strategy and roadmap, ensuring financial risks are managed effectively. Provide appropriate challenge and input to guarantee that key control measures, processes, and governance are in place and operating effectively.
• Financial Statements & Regulatory Reporting : Critically challenge the 1LoD's inputs for financial and statutory reporting accounting practices and quality. Collaborating and advising the 1LoD to resolve audit and internal findings.
• Risk Register Management: Manage the Global Financial Risk Register, encompassing market, operational, and model risks.
• Regulatory Compliance Monitoring: Monitor compliance with timely submission of Financial Statements and Regulatory Reporting.
• Audit Coordination: In collaboration with the Group Audit Lead, coordinate Financial and Treasury Risk audits and meticulously prepare audit evidence related to Financial Risk Management.
• Financial Controls Soundness: Partner with Treasury/Finance and Quality Control teams to ensure the soundness and effectiveness of financial risk controls.
• Risk Management System - Ensure accuracy of the information in our ERM system and ongoing oversight 

Oversight Responsibilities:

• Oversee the mitigation of existing and emerging risks within Tide's products, Finance, and Treasury operations.
• Ensure compliance with applicable regulations (UK, Europe, India).
• Monitor the resolution of Risk, Audit, QC, and Incident tickets related to financial risk.
• Assess the adequacy of Financial Risk reporting and senior management dashboards.

Design & Implementation:

• Design and implement dashboards to monitor financial, model, and operational risk related to Treasury & Finance activities and new products.
• Develop dashboards for Senior Management and Board members.
• Conduct complex policy & procedure reviews to ensure robustness.
• Enhance the Financial Risk Management framework and report on its effectiveness to senior management and risk committees.
• Confirm Finance, Treasury, and Asset & Liability Management procedures reflect the current control environment and that identified breaches are logged and reported promptly.
• New Product Risk Assessment: Assess risks associated with new products, monitor horizon scanning, ensure compliance with relevant country-specific regulations, and review financial stress tests/Capital Requirements. Communicate key risks and mitigants to Senior Management.
• Project Support: Support the delivery of a range of exciting Financial Risk oversight projects, including analytics, reporting, process automation, and more.
• Model Validation: Perform independent risk-based validation of key Financial Statements and reports generated by Finance
• Stakeholder Input: Provide essential risk input to the 1LoD finance function and technical working groups.
• Continuous Improvement: Adopt a continuous improvement mindset, constantly identifying opportunities to enhance processes, procedures, tools, and technologies.

What we are looking for:

Tide is seeking a highly technical and detail-oriented Financial Risk Specialist with demonstrated expertise in managing Financial Risk for financial products within a global Fintech or bank.

• At least 5 years’ proven experience in a 2LoD Financial Risk role, ideally within a Fintech or Bank.
• Essential experience in the review and analysis of statutory audit findings and regulatory financial reports. This includes understanding key assertions, control testing, financial statement disclosures, and regulatory reporting requirements 
• Excellent attention to detail and accuracy skills.
• Strong academic background with a degree in a quantitative discipline (desirable).
• Experience in Statutory Financial Reporting and Financial Controls risk management (desirable).
• A solid grounding in data analysis using quantitative analytic tools and good research skills.
• The ability to identify trends, interpret data from multiple sources, and investigate anomalies and unusual patterns/activities.
• Solid analytical abilities and strong technical skills with experience using SQL/MS Office.
• Effective problem-solving skills and the ability to make clear recommendations based on findings, considering commercial and customer implications.
• Sound communication skills to articulate complex issues and analysis effectively, both in writing and verbally, to Senior Management and across the company.

What you’ll get in return:

• Competitive salary
• Self & Family Health Insurance
• Term & Life Insurance
• OPD Benefits
• Mental wellbeing through Plumm
• Learning & Development Budget
• WFH Setup allowance
• 15 days of Privilege leaves
• 12 days of Casual leaves
• 12 days of Sick leaves
• 3 paid days off for volunteering or L&D activities
• Stock Options

TIDE IS A PLACE FOR EVERYONE

At Tide, we believe that we can only succeed if we let our differences enrich our culture. Our Tideans come from a variety of backgrounds and experience levels. We consider everyone irrespective of their ethnicity, religion, sexual orientation, gender identity, family or parental status, national origin, veteran, neurodiversity or differently-abled status. We celebrate diversity in our workforce as a cornerstone of our success. Our commitment to a broad spectrum of ideas and backgrounds is what enables us to build products that resonate with our members’ diverse needs and lives. 

We are One Team and foster a transparent and inclusive environment, where everyone’s voice is heard.

At Tide, we thrive on diversity, embracing various backgrounds and experiences. We welcome all individuals regardless of ethnicity, religion, sexual orientation, gender identity, or disability. Our inclusive culture is key to our success, helping us build products that meet our members' diverse needs. We are One Team, committed to transparency and ensuring everyone’s voice is heard.

• Tide does not charge any fees at any stage of the recruitment process.
• All official Tide job opportunities are listed exclusively on our Careers Page and applications should be submitted through this channel.
• Communication from Tide will only come from an official @tide.co email address.
• Tide does not work with agencies or recruiters without prior formal engagement, and we do not authorize third parties to make job offers on our behalf.

If you are contacted by anyone misrepresenting Tide or requesting payment, please treat it as fraudulent and report it to us immediately at talent@tide.co
Your safety and trust are important to us, and we are committed to ensuring a fair and transparent recruitment process.

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