Non Financial Risk Specialist

About the position

About Us

Nu was born in 2013 with the mission to fight complexity to empower people in their daily lives by reinventing financial services. We are one of the world’s largest digital banking platforms, serving millions of customers across Brazil, Mexico, and Colombia. For more information, visit our institutional page https://international.nubank.com.br/careers/ About the role This role will be key for supporting the business areas on understanding risk requirements and ensuring effective risk management since early stages. International expansion is a key component to the long-term success of Nubank's business. Having a Risk Management person from the very beginning will help teams to reduce failures while ensuring sound risk practices and regulatory compliance related to risk. You'll be responsible for Adapting the global Risk Management framework to the international expansion projects; Establishing a comprehensive Non Financial Risk Management program, helping to build a solid Non Financial Risk Management practice; Supporting teams on implementing risk management requirements, ensuring a successful implementation of risk controls and mitigation strategies; Identifying and assessing risks and recommending mitigation strategies for new products and features, such as Credit Card and Deposits accounts; Liaising with Risk Management personnel from our Bank partner and eventually with Regulators (on risk-related matters), ensuring risk requirements are met. WHAT are the main challenges this person will be dealing with? Understand Global tools and methodologies and adapt them to the local needs and regulatory requirements; Contributing to the business goals while adopting a targeted friction approach when negotiating requirements with all teams WHAT are the key duties and tasks they should be aware of in order to achieve success? Keeping Nubank away from significant and out of appetite non financial risks Support product teams in risk-based decisions Assess non financial risks in new products and features Develop a comprehensive risk and control matrix alongside the business teams Oversee third party risk management Define and monitor metrics risk appetite statement metrics Ensuring risk-related information is being sent timely to the partner bank as well as to Regulators when needed Establishing rituals with business teams to follow up on implementation of requirements and report yellow or red flags timely We are looking for a person who has Plenty of experience with risk management in financially regulated entities. Experience with Crypto products is a plus. Knowledgeable on risk frameworks and best practices related to Credit Card, Accounts, and Lending, including relevant regulatory risk requirements. Understanding the non-negotiable risk management principles and regulatory risk requirements that we cannot miss for having a successful business. A keen ability to prioritize the most relevant risks to the business Good communication skills are key for the success of this role, being able to summarize not only the risk requirements to the business but also the issues identified in the process. Project management skills are highly valuable. Acting as a true partner of the business, placing yourself in the shoes of the teams and coming up with creative solutions to fulfill risk management requirements. Location for this opportunity Miami, United States Our Benefits Opportunity of earning equity at Nu Medical Insurance Dental and Vision Insurance Life Insurance and AD&D Extended maternity and paternity leaves Nucleo - Our learning platform of courses NuLanguage - Our language learning program NuCare - Our mental health and wellness assistance program Extended maternity and paternity leaves 401K Saving Plans - Health Saving Account and Flexible Spending Account Work-from-home Allowance Our Nu Way of Working Hybrid 2-3 times/week : Our hybrid work model brings us to the office at least twice a week, on strategic days designed to maximize team connection and collaboration. For more details, visit https://building.nubank.com/nu-hybrid-work-model/

Responsibilities

• Adapting the global Risk Management framework to the international expansion projects
• Establishing a comprehensive Non Financial Risk Management program, helping to build a solid Non Financial Risk Management practice
• Supporting teams on implementing risk management requirements, ensuring a successful implementation of risk controls and mitigation strategies
• Identifying and assessing risks and recommending mitigation strategies for new products and features, such as Credit Card and Deposits accounts
• Liaising with Risk Management personnel from our Bank partner and eventually with Regulators (on risk-related matters), ensuring risk requirements are met
• Keeping Nubank away from significant and out of appetite non financial risks
• Support product teams in risk-based decisions
• Assess non financial risks in new products and features
• Develop a comprehensive risk and control matrix alongside the business teams
• Oversee third party risk management
• Define and monitor metrics risk appetite statement metrics
• Ensuring risk-related information is being sent timely to the partner bank as well as to Regulators when needed
• Establishing rituals with business teams to follow up on implementation of requirements and report yellow or red flags timely

Requirements

• Plenty of experience with risk management in financially regulated entities.
• Knowledgeable on risk frameworks and best practices related to Credit Card, Accounts, and Lending, including relevant regulatory risk requirements.
• Understanding the non-negotiable risk management principles and regulatory risk requirements that we cannot miss for having a successful business.
• A keen ability to prioritize the most relevant risks to the business
• Good communication skills are key for the success of this role, being able to summarize not only the risk requirements to the business but also the issues identified in the process.
• Project management skills are highly valuable.
• Acting as a true partner of the business, placing yourself in the shoes of the teams and coming up with creative solutions to fulfill risk management requirements.

Nice-to-haves

• Experience with Crypto products is a plus.

Benefits

• Opportunity of earning equity at Nu
• Medical Insurance
• Dental and Vision Insurance
• Life Insurance and AD&D
• Extended maternity and paternity leaves
• Nucleo - Our learning platform of courses
• NuLanguage - Our language learning program
• NuCare - Our mental health and wellness assistance program
• Extended maternity and paternity leaves
• 401K Saving Plans - Health Saving Account and Flexible Spending Account
• Work-from-home Allowance

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