VP of Risk

Position overview

We are looking for a dynamic and experienced Vice President (VP) of Risk Management to join our team at Xapo Bank. In this critical role you will lead the development implementation and maintenance of robust risk management frameworks to protect Xapo Bank and its customers. The ideal candidate will have a proactive approach to identifying assessing and mitigating risks across operational financial regulatory and reputational domains ensuring compliance with all relevant regulations.

As a pivotal member of the senior leadership team reporting directly to the Chief Risk Officer you will drive a culture of risk awareness resilience and regulatory alignment with the bank’s strategic objectives. This remote position offers an exceptional opportunity to lead risk management efforts within an innovative FinTech company collaborating closely with teams across the organization to identify and address suspicious activities that could impact our secure financial environment.

Responsibilities

• Develop and implement risk management strategies policies and procedures that support Xapo Bank’s objectives regulatory standards and commitment to trustworthiness security and innovation in digital banking.

• Lead and mentor a high-performing team of risk professionals fostering a culture of collaboration integrity and growth that reflects Xapo Bank’s values.

• Collaborate with the Executive Leadership team to align risk management priorities budgets and objectives ensuring these meet Xapo Bank’s strategic goals and vision.

• Identify assess and prioritize potential risks across operational financial regulatory and reputational areas to safeguard Xapo Bank’s interests and uphold its ethical standards.

• Design and implement effective risk mitigation strategies and controls to maintain a secure resilient and compliant environment.

• Oversee key risk indicators (KRIs) and metrics using these insights to assess risk exposure detect emerging risks and support informed data-driven decisions.

• Ensure adherence to regulatory requirements industry standards and Xapo’s policies maintaining open channels with regulatory authorities as part of Xapo’s commitment to transparency.

• Build and maintain relationships with stakeholders partners regulators and industry leaders staying abreast of trends and changes impacting digital banking and crypto-regulations.

• Act as a trusted advisor to senior leadership providing clear actionable insights and recommendations on risk-related matters that drive Xapo Bank’s mission forward.

Skills needed

• Bachelor’s degree in Risk Management Finance Business or related field (MBA or advanced degree preferred).

• 7+ years of proven experience in an executive risk management role fraud KYC payments within FinTech or a related field with a successful track record in team leadership and mentorship.

• A strong financial risk background.

• Strong written and verbal communication skills in English to effectively interact with both internal teams and external stakeholders.

• Demonstrated ability to develop implement and oversee comprehensive risk management strategies and controls.

• Robust analytical capabilities and a proactive approach to problem-solving within a dynamic fast-paced environment.

• Deep understanding of regulatory requirements and industry standards in financial services with the ability to maintain compliance.

• Thrives in an evolving fast-paced environment showing resilience and flexibility in response to changes and challenges.

• Practical understanding and working knowledge of AML regulatory requirements relating to KYC / Financial Crime.

• An understanding of the mechanics of BTC and the related challenges of wallets flows and regulations in the Crypto landscape.  Exposure to regulations pertaining to a Bank and a VASP would be useful.

Other requirements

• A dedicated workspace.

• A reliable internet connection with the fastest speed possible in your area.

• Devices and other essential equipment that meet minimal technical specifications.

• Alignment with Our Values and the Xapo Values-Driven Leadership principles.