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Chief Risk & Compliance Officer

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Stripe

22d ago

  • Job
    Full-time
    Expert Level
  • Legal
    Banking & Finance
  • United States
    Remote

AI generated summary

  • You need 15+ years in enterprise risk/compliance, 5+ years managing teams, deep knowledge of US regulations, experience with regulatory agencies, and capability in compliance initiatives and third-party risk.
  • You will manage risk and compliance programs, ensure regulatory adherence, oversee risk reporting, provide training, engage with regulators, and lead risk culture initiatives.

Requirements

  • 15+ years experience in an enterprise risk and compliance role, including experience managing both functions at a senior level and preferably within the US financial services industry (payments, banking, money services businesses).
  • 5+ years of experience managing a team.
  • In-depth understanding of US banking regulations, risk management frameworks, and compliance principles.
  • Knowledge of the Bank Secrecy Act, USA PATRIOT Act, OFAC regulations, and other relevant regulations.
  • Experience working with regulatory agencies.
  • Demonstrable experience of developing and rolling out large-scale compliance initiatives.
  • Experience in third-party risk management, particularly in overseeing and managing outsourced critical functions, including strong capabilities in the oversight of shared services arrangements.
  • Comfort juggling numerous aspects of an enterprise risk and compliance program.
  • Ability to work efficiently and independently in a fast-paced, high-volume environment.
  • Ability to work cross-functionally with internal stakeholders.
  • An effective and relatable “culture of compliance” mentality.
  • Ability to develop and lead a team.

Responsibilities

  • Ensure the US merchant acquiring risk management and compliance programs are adequate and effective, and incorporate regulatory requirements and industry best practices.
  • Lead the process of identifying, assessing, and mitigating key risks, including managing operational risk, credit risk and fraud risk specific to the US merchant acquiring business.
  • Maintain a comprehensive compliance program that ensures adherence to all regulatory requirements, including development of an Annual Compliance Plan.
  • Ensure that controls are designed, implemented and tested appropriately.
  • Develop a robust risk and compliance reporting and monitoring framework.
  • Provide regular updates to senior management and directors.
  • Provide second line oversight on the provision of shared services and outsourcing arrangements.
  • Work with executives and board to set, lead and manage the culture of risk and compliance across the team and work with Legal, Enterprise Risk, Financial Crimes & Supportability and Regulatory Compliance teams to design and implement the risk appetite framework.
  • Design and deliver compliance training programs to relevant employees.
  • Serve as a thought leader for supporting and driving innovative, technology-focused compliance solutions with regulators and financial partners.
  • Partner with Stripe’s other Regulatory Officers (including Compliance Officers, BSA Officers/MLROs, Risk Officers) to enhance our overall Regulatory Compliance programs through contributing to strategic planning, goal setting, and more.
  • Build and maintain Stripe’s relationship with regulators and financial partners.
  • Oversee regulatory exams, inquiries or remediations.

FAQs

What is the role of the Chief Risk & Compliance Officer at Stripe?

The Chief Risk & Compliance Officer is responsible for managing merchant acquiring-related risk management and compliance programs, ensuring that risks are identified, assessed, mitigated, and monitored effectively, while fostering a strong culture of compliance within the organization.

What are the minimum requirements for this role?

Candidates should have 15+ years of experience in an enterprise risk and compliance role, including managing functions at a senior level preferably in the US financial services industry, along with in-depth understanding of US banking regulations, risk management frameworks, and compliance principles.

Do I need to have experience in the payments industry to apply?

While payments, banking, or fintech experience is preferred, it is not a strict requirement.

How many years of team management experience is required for this role?

A minimum of 5 years of experience managing a team is required.

Will I be involved in regulatory exams or inquiries?

Yes, you will oversee regulatory exams, inquiries, or remediations as part of the responsibilities of this role.

Is a Master's degree required for this position?

A Master's degree or relevant professional certifications (e.g., CRCM, CERP) are preferred but not mandatory.

Can I work from home permanently?

Yes, this position allows for remote work, but it is expected that you will regularly work from home rather than from a Stripe office.

What types of benefits are offered with this role?

Benefits may include equity, company bonuses, 401(k) plans, medical, dental, vision benefits, and wellness stipends.

What will my responsibilities include related to compliance training?

You will be responsible for designing and delivering compliance training programs to relevant employees.

How will I interact with other teams at Stripe?

You will work cross-functionally with internal stakeholders, including Legal, Enterprise Risk, Financial Crimes & Supportability, and Regulatory Compliance teams.

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Stripe

Help increase the GDP of the internet.

Technology
Industry
1001-5000
Employees
2010
Founded Year

Mission & Purpose

Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Headquartered in San Francisco and Dublin, the company aims to increase the GDP of the internet.