Head Of Risk & Financial Products

Ribbon Home New York , NY 10007

Posted 5 months ago

We're looking for a Head of Risk and Financial Products to lead new initiatives and optimization to drive our core fundamental unit economics. You will be responsible for leading Ribbon's risk program and driving the development and execution of a framework that will protect Ribbon, its customers, and its partners while enabling Ribbon to grow quickly.

Your focus:

  • Optimize existing unit cost structures from Ribbon pricing, title, transfer taxes, legal fees, credit facilities.

  • Create and implement a risk management framework around home valuations, buyer underwriting which balances profitability and growth.

  • Enhance Ribbon's ongoing KYC program and operationalize for our customer base.

  • Lead new initiatives to build new revenue streams and profit centers, including mortgage, title and insurance.

  • Work closely with the product, engineering, sales and finance to implement new programs across Ribbon.

  • Work with Engineering to setup appropriate data & modeling infrastructure to monitor key metrics, identifying relevant risk trends, develop & implement recommendations on identified risks

Your background:

  • Have strong experience in FinTech, real estate or payments with experience in building and managing risk teams

  • Experience working in early-stage, high growth environments

  • Have strong written and verbal communication skills with the ability to interact cross-functionally

  • Demonstrated technical aptitude for data models a plus, but not required

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Responsibilities * Serve as the key risk liaison for new product development efforts for the Financial Products business * Build, train and manage a team focused on risk management & data analysis for Financial products business * Own & develop the framework to manage credit, underwriting, fraud, application/KYC and AML risks for various financial products * Identify and develop relationships with external partners (banks, data providers, technology platforms) for product delivery & drive internal capability development * Support product & process design to account for requirements from compliance, internal audit, regulatory, & legal perspective * Develop & implement robust, repeatable, consistent procedures to manage and automate compliance with these requirements * Work with Engineering to setup appropriate data & modeling infrastructure to monitor key metrics, identifying relevant risk trends/patterns, develop & implement recommendations on identified risks * Research regulatory interpretation and lead industry practices relating to financial products * Provide guidance on business policies, standards, and procedures as well as controls over regulatory/policy requirements and monitoring of those controls * Communicate and report to the Executive Management regularly on risk controls & policies, key business metrics & ongoing risk management processes * Work with Finance team in estimating financial impact of risk management practices, including credit & fraud loss provisioning and reserve management Qualifications * 8+ years of experience in Risk Management in areas like Risk product management, Risk modeling & data management, Credit risk, Underwriting Payment risk, KYC/AML risk, etc. * Experience building, leading and managing a team focused on Risk management discipline/function * Experience with risk data strategy & execution * Experience in risk modeling and data management * Experience in working with external partners/strategic partnerships (banks, capital market players/lenders, data providers, etc.) * Deep domain experience in fintech, B2B financial products (e.g. small business, commercial or corporate lending, payments, commercial or corporate banking, broker-dealer, cash storage, money movement) * Experience with and passion for working in a dynamic, high-growth environment with fast-paced, multi-disciplinary teams Nice to have's * Bachelor's or Master's degree or equivalent work experience in risk management, especially credit & operational risk Carta is creating the ownership network that maps the world's assets. Check out who we are and how we work here. At Carta we want to create an environment for Carta's owners - you - to do your best work, by offering competitive benefits and perks: We are committed to WELLNESS: * Health, dental, vision, and life insurance * Competitive PTO and unlimited sick time We are committed to INVESTING IN YOUR FUTURE: * 401k matching program We are committed to A SUPPORTIVE WORK ENVIRONMENT: * Commuter benefits * Catered lunch and unlimited snacks * Cell phone stipend We are committed to LIFELONG LEARNING: * Unlimited reimbursement for work related books * Fast paced work environment geared towards professional growth Carta is backed by many of the best investors in the world, including Social Capital (Slack, Intercom, Box), Union Square Ventures (Twitter, Twilio, Coinbase), Menlo Ventures (Uber, Warby Parker), Spark Capital (Oculus VR, Slack, Cruise Automation), Meritech Capital (GoFundMe, Looker, Snowflake), and Tribe Capital. Carta New York City NY

Head Of Risk & Financial Products

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