Head of Prudential Risk

Who we are

About Stripe

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. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone’s reach while doing the most important work of your career.

About the team

We appreciate that growing the GDP of the internet requires leaps into the unknown or untested and being risk-forward, while also taking measured and deliberate risks that are aligned with our business objectives and risk appetite. The Global Enterprise Risk Management team helps Stripe to strategically oversee risks, working with our business teams to ensure that risk-mitigating controls are in place, enabling our products to develop and scale in a risk-aware manner and managing emerging threats and disruptions to our business. As a regulated business, our second line of defense team plays a critical role in assuring the risk and compliance health of Stripe within the broader financial ecosystem.

We are a globally-distributed team, across the US, EMEA and APAC.

What you’ll do

We’re looking for a Head of Prudential Risk to lead the second line of defense oversight and strategy for prudential risks, including treasury, market, credit and counterparty risk. This role will be instrumental in driving Stripe’s global enterprise risk management efforts, with direct impact across the company globally.

The successful candidate will be responsible for the leadership, innovation, governance, and management necessary to help the business identify, evaluate, mitigate, and monitor the company's prudential risk. You will develop and advise prudential risk management tools and practices to analyze and report on prudential risks and to manage risks according to a prudential risk management framework and relevant policies. You will also ensure that the organization's prudential risk management policies, limits, and strategies are in compliance with applicable regulations and strategic imperatives of the organization.

This role will need to partner effectively with risk owners and business line leadership to ensure there is sufficient monitoring, reporting and governance mechanisms in place to effectively manage prudential risk. The role holder will also be a key participant in relevant governance fora and must be able to provide impactful, comprehensive reporting to executive and Board level committees.

Responsibilities

• Lead global second line prudential risk program, providing advice, oversight, review and challenge, inclusive of treasury, market, credit and counterparty risk management
• Develop and sustain a business partner relationship with the first line
• Facilitate Risk and Control Self Assessments (RCSAs)
• Provide advice, oversight, review and challenge of risk incidents and issues, ensuring prompt and robust remediation
• Attend relevant governance meetings at both the global and regional level (for example, Credit Committee meetings, Safeguarding Oversight meetings, as well as relevant Working Groups), and report key findings to regional and global leads for inclusion in relevant forums
• Undertake prudential risk thematic risk assessments
• Own the risk register for prudential risks and assist with the review and further development of other relevant risk registers, in accordance with the Global Enterprise Risk Management Program Framework
• Support development and operationalisation of key policies, standards, procedures, and processes for the identification and management of all material prudential risk areas
• Work with Risk and Control owners to appropriately manage and track remediation programs to address any deficiencies identified
• Working with the Compliance teams, review, track and monitor regulatory changes (relevant to prudential risks) and any other relevant communications from the regulators, partnering with stakeholders to ensure appropriate readiness for new changes
• In collaboration with business leads, review and develop stress testing scenarios to be used to ensure we are adequately prepared to mitigate our highest risks and meet regulatory requirements.
• Support the development and delivery of necessary training and awareness initiatives

Who you are

We’re looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.

Minimum requirements

• At least 7-10 years experience and deep subject matter expertise on prudential risk matters, including relevant global and regional regulatory requirements. Preference for experience in developing and scaling second line of defense risk programs.
• A strong team player, with the ability to play a key role as a member of the Global Enterprise Risk Management leadership team. Well-versed in the nature of global roles and an ability to operate independently to lead a global risk pillar.
• Knowledge and understanding of effective governance, risk management practices, risk assessment methodologies, and prudential risk issues that global fintechs with a wide-range of payments and consumer products face, and a growth mind-set to help scale prudential risk initiatives for the future of Stripe
• Excellent communication skills; a demonstrated aptitude for communicating clearly and effectively to a wide array of audiences, including senior management, Committees, Boards.
• A proven ability to develop practical solutions to complex challenges
• Highly effective organizational and project management skills, with a proven track record in meeting deadlines, performing under pressure, and advancing a number of projects simultaneously
• Strong critical thinking, analytical, and data skills, with keen attention to detail, and an ability to transform large and complex data sets into simple and understandable formats, including heat maps and trends
• Experience building and managing relationships with internal and external stakeholders and driving parties towards an optimal outcome