Risk Manager, Payments

This is a fully remote position, open to applicants in Kazakhstan.

📋 Description

• Design, execute, and uphold the risk management framework for the local licensed payment business in accordance with NBK and AFSA standards, encompassing risk policies, procedures, and the three lines of defence model.

• Formulate the risk appetite statement, risk limits, and key risk indicators, and ensure continuous compliance monitoring.

• Identify, evaluate, and track operational, liquidity, currency, counterparty, fraud, outsourcing, information security, and compliance risks while maintaining the risk register.

• Oversee prudential norms and capital requirements, including capital adequacy, liquidity, and open currency position limits, and report any breaches or early warning signs.

• Evaluate counterparty risk associated with partner banks and other significant counterparties, ensuring the safeguarding of client funds.

• Conduct stress testing and scenario analysis, contributing to capital and liquidity planning initiatives.

• Perform risk assessments on new products, services, and significant changes, including those related to digital assets, providing risk insights to management.

• Maintain the operational incident and loss event database, analyze root causes, and monitor remediation efforts.

• Supervise business continuity and operational resilience strategies in collaboration with technology and operations teams.

• Compile risk reports for the Board of Directors, committees, and senior management, in addition to regulatory submissions to NBK and AFSA.

• Assist with regulatory inspections and internal and external audits from a risk management viewpoint.

• Work in partnership with compliance, finance, technology, and global risk teams to ensure local practices align with group standards and foster a robust risk culture.

⛳️ Requirements

• Bachelor’s degree in finance, economics, mathematics, or a related discipline; professional certifications (FRM, PRM, CFA) are advantageous.

• Over 5 years of risk management experience within a bank, payment organization, fintech company, or other regulated financial institution.

• Comprehensive understanding of NBK prudential and risk management regulations for banks and payment entities, along with international risk management standards (Basel principles, COSO, ISO 31000).

• Practical experience in operational, liquidity, currency, and counterparty risk management, including limit establishment and monitoring.

• Familiarity with the AIFC/AFSA regulatory framework is a significant advantage.

• Proven experience in building or enhancing a risk management function, including developing policies, risk registers, and risk appetite frameworks.

• Experience in preparing risk reports for boards and regulators, as well as supporting regulatory inspections and audits.

• Strong analytical abilities; advanced proficiency in Excel is required, with knowledge of SQL or Python being a plus.

• Experience in cryptocurrency, digital assets, or e-money is advantageous.

• Capable of working independently and effectively with global cross-functional teams in a dynamic environment.

• Proficiency in Russian and English is required; knowledge of Kazakh is strongly preferred.

🏝️ Benefits

• Competitive salary along with company benefits.

• Opportunities for professional growth and ongoing learning.

• Autonomy within an innovative work environment.

• Collaboration with top-tier talent in a user-centric global organization featuring a flat structure.