Financial Risk Manager

At Tide, we are building something exciting for the Small Business owners, 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 650,000 SME members (10% market share) and more than 350,000 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 plays a critical role in the 2LoD by 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. The Financial Risk team plays an important role at Tide, and you can become a key contributor and shine as a high-profile Subject Matter Expert interacting with Executives, Senior Stakeholders and the Board of Directors. Don’t miss the chance to join a high-performing team

About the role:

As part of the growing 2LoD team , 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 A high performing professional who can work independently and lead teams to keep our organisation safe. This is 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 such as Financial Engineering, Accounting, Finance, etc (desirable) Experience in Market Risk and Financial Controls risk management (desirable)  Experience in financial auditors as auditor or interacting with auditors  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’ll get in return: 

Competitive salary

Self & Family Health Insurance Term & Life Insurance OPD benefits Mental wellbeing platform Plumm Learning & Development budget WFH setup allowance 15 days of Privilege leaves 12 days of Casual leaves 12 days of Sick leaves 3 paid day-offs for volunteering or L&D activities

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.

---