Financial Risk Specialist

Location: Bulgaria
Department: Risk & Compliance
Posted:

About Tide:

At Tide, we are building a finance & admin 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 the leading business financial platform in the UK with 575,000 SME members (10% market share) and more than 250,000 SMEs in India. Headquartered in London, Tide has over 1,800 Tideans across the UK, Bulgaria, India, Serbia, Romania, Ukraine and Germany. 

Tide is rapidly growing, expanding into new 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 part of the 2LoD, work closely with our Global Head of Financial and Credit Risk and Chief Risk Officer to enhance the 2LoD oversight on risks inherent in the Finance and Treasury activities (eg. liquidity, solvency, interest rate risks, etc)
  • Analyse/measure exposure to financial risk threatening the liquidity, cash management,  assets, earning capacity, or economic state of Tide and make recommendations to mitigate the risk 
  • Partner with the Finance & Treasury 1LoD Risk Owners to understand their strategy/ roadmap and ensure the financial risks are managed effectively, providing appropriate challenge and input to ensure that key control measures, processes and governance are in place and are working effectively 
  • Challenge the 1LOD inputs for the Stress and Scenario analysis and actual exposures against key risk limits; providing a risk perspective on exposures that are approaching or in breach of limits and confirming that proposed actions taken by Management to mitigate the risks are appropriate.
  • Manage the Global Financial Risk Register (including market, operational and model risks)
  • Monitor compliance of  Regulatory Capital Requirements, Risk Appetite, Wholesale Credit Limits, FX & Interest Rate sensitivity thresholds and Stress Testing thresholds.  
  • In collaboration with the Group Audit Lead coordinate Financial and Treasury Risk audit and  prepare audit evidence related to Financial Risk Management
  • Partner with Treasury/Finance and the Quality Control teams to ensure the soundness of the financial risk controls 
  • Oversee:
    •  mitigation of existing/emerging risks  within Tide products, Finance and Treasury operations
    • Compliance with applicable regulations (UK, Europe, India)
    • Resolution of Risk, Audit, QC and Incidents tickets
    • Adequacy of Financial Risk reporting and senior mgmt dashboards 

Design/implement: 

    • Dashboards to monitor the financial, model and operational risk related to Treasury & Finance activities and new products
    • Dashboards for Senior Management and Board members
    • Complex policies & procedures review
    • Financial Risk Management framework and report on the effectiveness of the framework for senior management and risk committees
    • Treasury deals executed with external counterparties (i.e. Funding agreements) have been completed in line with agreed procedures.
    • Ensure Finance, Treasury and Asset & Liability Management procedures are reflective of the current control environment and ensure identified breaches are logged and reported in a timely manner.

Assess of New Products Risks Monitor Horizon Scanning, compliance with relevant regulation by country and the financial stress tests/ Capital Requirements and communicate key risks/mitigants to Senior Management.

  • Support the delivery of a range of exciting  Financial Risk oversight projects, including analytics, reporting, processes automation, and more
  • Perform independent risk-based validation of key forecasting models (Liquidity, Interest Rate Risk, Revenue and Pricing Models).
  • Provide risk input to the 1LOD finance function and technical working groups.  
  • Adopt a continuous improvement mind-set, constantly identifying opportunities to enhance processes, procedures, tools, technologies, etc.

What we are looking for:

Tide is seeking a technical Financial Risk Specialist with expertise in managing Financial Risk for financial products in a global Fintech or bank. 

    • At least 5 years’ experience in a 2LoD Financial Risk role, ideally within a Fintech or Bank Excellent attention to detail and accuracy skills
    • Strong academic background with a degree in a quantitative discipline (desirable)Experience in Market Risk 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 and interpret data from multiple sources and investigate anomalies and unusual patterns / activities.
    • Solid analytical abilities and good technical skills with experience using SQL/MS Office
    • Effective problem-solving skills and ability to make recommendations based on findings considering commercial and customer implications.
    • Sound communication skills to communicate in writing and articulate complex issues/analysis to Senior Management and across the company

 

What you'd get in return:

  • 25 days holiday with the option to take 5 extra days of unpaid leave per year
  • 3 days paid volunteering or L&D time off per year
  • We invest in your development with a BGN 1,000 professional L&D budget per year
  • Additional health & dental insurance 
  • Fully covered Multisports card
  • Food vouchers
  • Snacks, light food, drinks in the office
  • Enhanced family-friendly leave
  • Mental health support through Plumm
  • Flexible work from home, including a budget to set up your own home-office
  • Team socials – virtual and physical events
  • Sabbatical Leave,
  • Share Options

 

Tidean Ways of Working: 

At Tide, we champion a flexible workplace model that supports both in-person and remote work to cater to the specific needs of our different teams. 

While remote work is supported, we believe in the power of face-to-face interactions to foster team spirit and collaboration. Our offices are designed as hubs for innovation and team-building, where we encourage regular in-person gatherings to foster a strong sense of community. 

 

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.

 

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