Chief Risk Officer at Thrive

Full-time, Melbourne melbourne full-time
Description
Posted 15 days ago

Background

Can you remember the last time you had an excellent experience whilst using your business bank account? Yep, we didn't think so.

In Australia, business banking is fundamentally broken. The Big 4 Banks simply don't focus enough attention or resources to adequately serve their business customers, choosing instead to re-skin basic consumer products and jack up the price. For business customers, it's like driving a Volkswagen but getting billed for a Rolls-Royce.

Banks today offer a product that really leaves all the legwork for you. Once you get an account and a login, you never hear from your bank again. No insights, no forecasts and frankly nothing to help you grow and make your business outperform. There has got to be a better way!

About Thrive

Thrive is a smart business banking account that empowers businesses to grow and succeed. Think of it like the CFO in your pocket - helping you maximise the money you have, and also make more money from the business you run.

At the core of Thrive is a simple, intuitive and automated business bank account. Using the data and insights from this account, Thrive offers intelligent value-adds like expense tracking, invoicing, reconciling, payroll and more. These tools help win back time for busy business owners, but more importantly allow them to plan for the future with real confidence.

These valuable features are made possible by our blank-sheet technical stack, which leverages AI & ML fed by a real-time stream of data from the core business bank account. No legacy systems, no antiquated bank technology - just a fresh new approach.

And that's where you come in. We’re looking for a Chief Risk Officer (CRO). Reporting directly to the CEO of Thrive, the successful candidate will be responsible for leading all risk management activities and be a member of the Management Board.

The Role

We are looking for a hands-on Chief Risk Officer who, while maintaining a helicopter view, would also be happy to spend time on the ground performing analysis of a counter-parties and issuers, validating credit scorecards, helping with portfolio stress-testing, forecasting capital ratios etc.

The CRO’s responsibilities include:

  • In collaboration with the CEO and Board, you will be responsible for our risk management
  • You will establish detailed processes and checks to maintain our agreed risk levels
  • Ensure active monitoring of key risk indicators against prescribed limits
  • You will maintain and monitor a company wide risk framework and register 
  • You will escalate risks and ensure adequate mitigation and avoidance strategies are in place
  • Approving counter-parties and vendors
  • Validating models used by risk owners
  • Preparation of risk reports for the regulator and management information
  • Development of group risk policies and advising the Board on the company’s risk profile
  • Be process driven to ensure our risk management processes and team scales efficiently
  • Ability to prioritise workload in line with tight deadlines and work effectively under pressure
  • Use data, insights and logic to make decisions
  • Be passionate about our vision to help businesses Thrive

Experience required:

  • Degree at a top university and proven expertise in the risk management domain
  • Broad experience in managing risk and compliance issues in a regulated environment
  • Knowledge of legislation and regulation relating to financial activities in Australia
  • Ability to create and implement simple, elegant solutions within a short period of time
  • Experience with setting up and managing respective first or second line of defence function

Leadership principles:

  • Fast execution: You have a bias for action and a preference to get things done
  • Collaborative: You like to work with people and team members get excited to work with you
  • Accountable: You don’t sit back and wait, you take things and drive them to completion
  • Passion for customers: You love reading feedback, acting on it and helping customers thrive
  • Continuous Improvement: You never settle for the status quo. You keep improving always
  • People development: You take pride in hiring excellent talent and helping them grow.
  • Proactive: You don’t wait to be told what to do. You just go and do it. No ifs, not buts...