Director - Risk Management

Title: Director

Location: Bangalore, India
Role overview:

The Director – Risk Management will lead TerraPay's global risk strategy, ensuring the company's operations, financial transactions, and regulatory obligations are safeguarded against potential threats. This role is pivotal in maintaining TerraPay's reputation for secure and compliant financial services and will work closely with the CFO and other senior leaders to embed a culture of proactive risk management across the organization.

How you will create impact:

Responsibilities:

Risk Management & Assessment

• Lead the development and implementation of TerraPay's enterprise risk management (ERM) framework.
• Identify, assess, and monitor risks across operational, financial, technological, and strategic domains.
• Design and execute risk mitigation strategies to reduce exposure and ensure business continuity.
• Manage incident response and resolution for risk events, data breaches, and operational disruptions.

Compliance & Regulatory Knowledge

• Ensure adherence to AML/CTF regulations and global financial crime compliance standards.
• Oversee risk controls related to fraud, bribery, and corruption.
• Maintain compliance with electronic money licenses (EMI) and regulatory frameworks across UK, EU, Africa, and Asia.
• Liaise with regulators and compliance bodies across 32 licensed markets.
• Monitor and manage risks arising from data flows across jurisdictions, ensuring compliance with international data protection norms, especially GDPR.

Financial & Credit Risk

• Monitor financial exposures including liquidity, credit, and counterparty risks.
• Develop models and tools to assess and report on financial risk metrics.
• Support treasury and finance teams in managing insurance programs and financial risk hedging.

 Business Continuity & Disaster Recovery

• Develop and maintain robust business continuity plans (BCP) and disaster recovery plans (DRP).
• Lead crisis management planning and execution to minimize operational impact during disruptions.
• Conduct regular testing and audits of contingency plans.

Third-Party & Vendor Risk

• Establish frameworks for assessing and monitoring risks associated with third-party vendors, partners, and service providers.
• Conduct due diligence and periodic reviews of external relationships.

Risk Reporting & Governance

• Prepare and present risk reports to the Executive Committee and Board.
• Lead crisis management and incident response planning.
• Promote a culture of risk awareness through training and communication.

Skills & Attributes

• Strategic thinker with strong analytical and problem-solving skills.
• Excellent communication and stakeholder management abilities.
• Ability to lead cross-functional teams and influence at senior levels.
• High integrity and commitment to ethical standards.
• Proficiency in risk assessment tools and data analytics platforms.

Essential qualifications:

• 12+ years of experience in risk management, preferably in fintech, payments, or financial services.
• Proven leadership in enterprise risk, operational risk, and regulatory compliance.
• Strong understanding of cross-border payments, digital wallets, and financial infrastructure.
• Experience working with global regulators and managing multi-country risk frameworks.
• Advanced degree in Finance, Business Administration, Risk Management, or related field.
• Professional certifications such as FRM, CRM, CRISC, or CERA are highly desirable.

Why TerraPay:

TerraPay is a global money movement player on a mission to build a borderless financial world. We believe payments should be instant, reliable, transparent, seamless, and fully compliant.

Registered and regulated across 31 global markets, we are a leading payments partner for banks, mobile wallets, money transfer operators, merchants, and financial institutions.

We are proud to be a twice-certified Great Place to Work and were featured in the 2023 CB Insights Fintech 100 and the 2024 Financial Times 1000 lists.

Read more about TerraPay here.

Our culture & core values:

At TerraPay, we don't just talk about our values—we live by them. Humility, ownership & responsibility, entrepreneurship, global citizenship, and trusting empowerment are the principles that guide everything we do. If you're looking for a career that offers abundant opportunities for innovation and a culture of excellence, TerraPay is the place to be.

With comprehensive healthcare benefits, cab facilities for our India-based employees, and a generous leave policy, we've got you covered. Join us in one of our 10 offices worldwide and collaborate with a diverse team representing 40+ nationalities.

Explore more vacancies here.