Job description
About finmid:
At finmid, we’re building infrastructure that seamlessly integrates access to capital for SMEs directly into the platforms they use daily. We leverage technology, data, and strategic partnerships to deliver financing solutions that significantly outperform traditional financial services, offering SMEs faster, simpler, and more transparent access to funding. As we expand across Europe, our new Latvian subsidiary plays a critical role in achieving our mission of transforming SME financing through novel solutions to deliver a 10x better product than what banks offer.
About the opportunity:
As Risk Manager, you’ll be hands-on in establishing and managing our risk function for the new Latvian subsidiary, closely collaborating with our Berlin-based risk management team. Reporting directly to the Chief Risk Officer, you will be responsible for comprehensive risk governance, regulatory compliance, and business growth through proactive risk strategies and practical risk management systems.
In this role, you will:
Develop and implement scalable operational and financial risk identification, assessment, and mitigation frameworks across the entire customer lifecycle, collaborating with our Berlin-based team; afterwards regularly monitor credit and operational / IT risks, implementing actionable mitigation strategies.
Establish robust in-product and back-end risk management controls, integrating third-party assessment tools, and implementing detection systems (rule-based and model-based) in alignment with regulatory requirements and business goals.
Support in compliance initiatives, ensuring all operations and processes adhere to Bank of Latvia standards and other relevant regulatory guidelines and best practices.
Working closely together with the risk team in Berlin, prepare detailed risk analysis reports, presenting actionable insights clearly and effectively to senior management and group stakeholders
Develop, test, and execute comprehensive business continuity and incident response plans.
What you need to be successful (requirements) :
Risk Management Experience: At least 4-5 years of experience in risk management within high-growth technology, financial services, or fintech sectors with a proven capability to design, execute, and continuously improve practical risk management processes.
Expertise in Risk Modeling: Deep understanding and practical experience in risk modeling (PD/LGD/EAD), policy formulation, risk appetite setting, and credit risk monitoring; Experience with SQL / Python / R or a willingness to learn is a strong advantage, supporting data-driven decision-making and risk analysis.
Regulatory Knowledge: Understanding of Latvian and European financial regulations (e.g., PSD2), with the ability to ensure compliance while fostering business growth is seen as a plus.
Leadership and Collaboration: Demonstrate an ability to collaborate across functions, make sound decisions, and lead cross-departmental teams while at the same time working independently, delivering on expectations within challenging timelines.
Exceptional Communication: Skill at turning complex risk data into clear, concise narratives and actionable insights, both verbally and in writing.
Educational and Professional Credentials: A Bachelor’s degree in finance, risk management, business administration. or a related discipline is required. Advanced certifications such as FRM or CFA are seen as valuable.
Benefits:
Though generally we see ourselves as “distributed first”, this role is based out of Latvia where you can work remote or on-site
We are flexible and cover whatever you need to be as productive as possible.
Home office stipend.
30 days time off.
Meaningful equity in finmid.
Open-minded and transparent culture that includes regular get together meetings (e.g. All Hands, Brown Bag Lunch, Offsites)
We’re looking for people with passion, grit and integrity. You’re encouraged to apply even if your experience doesn’t precisely match the job description. We welcome diverse perspectives and people who think out of the box and aren’t afraid to challenge assumptions. Join us.
