The Director, Enterprise Risk Management will play a pivotal role in establishing and managing the organization’s compliance and risk management framework. Working closely with the VP of Enterprise Risk and Compliance, the Director will lead efforts to develop and run a comprehensive compliance program while overseeing risk management initiatives. This is a newly created role providing the opportunity to build key compliance and risk practices from the ground up.
The Director will lead a team, including a risk analyst and project manager, to monitor and manage risk exposure while ensuring the organization meets compliance requirements. This role focuses on operational, financial, and lending-related risk, while partnering with the legal department, who manages regulatory compliance. The Director will also ensure alignment between risk management practices and the organization’s overall business strategy.
What you will do:
1. Establish and Lead the Compliance Program:
- Collaborate with the VP of Enterprise Risk and Compliance to design and implement a comprehensive compliance program, specifically addressing operational, financial and compliance needs in a complex regulatory environment.
- Develop and maintain compliance policies and procedures that address business activities, ensuring adherence to internal standards and risk controls, while partnering with the legal department on regulatory compliance matters.
- Oversee the development of a compliance risk assessment process to identify, assess, and mitigate risks related to lending practices, customer management, and financial transactions.
2. Risk Management and Controls:
- Lead the risk management framework, including the identification, assessment, and mitigation of operational, credit, and financial risks within the portfolio.
- Ensure the establishment of risk controls across all business functions, focusing on key risk areas such as credit, operational, regulatory, and compliance risk.
- Develop and implement a risk appetite framework to define the organization’s tolerance for different types of risk, ensuring alignment with business objectives.
- Create and maintain a risk register to document, track, and report key risks, with regular updates to the VP and senior management.
3. Lead and Develop the Risk Analyst Team:
- Lead and manage a team, providing guidance on conducting risk assessments, scenario analysis, and monitoring risk trends across the organization.
- Collaborate with the Risk Analyst to develop dashboards and reporting tools to monitor and report on key risk indicators (KRIs)
- Ensure the team stays current with industry trends, tools, and methodologies related to risk management in the industry.
4. Compliance Reporting and Oversight:
- Provide regular updates to the VP of Enterprise Risk and Compliance on the status of compliance and risk management efforts, including key metrics and any issues identified.
- Prepare risk and compliance reports for senior management and the Board of Directors as required, focusing on business operations and risk mitigation efforts.
- Support compliance audits and investigations into potential violations of company policies, ensuring proper reporting and resolution of issues in close coordination with the legal department.
- Oversee the preparation and execution of compliance audits with a focus on internal business practices and risk exposure.
5. Policy Development and Maintenance:
- Develop and maintain policies and procedures related to operational compliance and risk management, ensuring they are clearly communicated and followed across all business units.
- Ensure that policies reflect industry’s best practices, focusing on regulatory risk, credit risk management, and operational risk.
6. Compliance and Risk Training and Awareness:
- Develop and implement a compliance training program for employees and management to ensure awareness and understanding of operational compliance and risk management practices.
- Partner with the Legal Department to ensure the compliance training program includes updates on relevant regulations.
- Promote a culture of compliance and risk awareness throughout the organization, ensuring employees at all levels understand the importance of adhering to internal standards and risk management frameworks.
7. Collaboration with General Counsel and Legal on Regulatory Compliance:
- Work closely with Legal to ensure that the compliance program aligns with the organization’s regulatory obligations, including BSA/AML, Dodd-Frank 1071, fair lending regulations, and data privacy laws.
- Provide support to the Legal Department by implementing compliance controls that adhere to regulatory frameworks and ensuring the operational side of the business remains compliant.
- Serve as a liaison between the risk management function and legal counsel to ensure cohesive risk and regulatory compliance strategies.
8. Collaboration and Cross-Functional Leadership:
- Serve as the primary compliance and risk liaison with key business units, including sales, credit, IT, finance/treasury, marketing, and customer service, to ensure that compliance and risk standards are embedded into daily operations.
- Partner with technology teams to ensure that data privacy and security protocols align with internal risk management and compliance standards.
- Collaborate with the business team to ensure audit finding remediation plans align with appropriate compliance and risk mitigation strategies
What we are looking for:
- Bachelor’s degree in Business, Finance, Risk Management, or related field required; Master’s degree or relevant certifications (e.g., CFA, FRM, PRM) preferred.
- Minimum of 7-10 years of experience in risk management, with at least 3-5 years in a leadership or senior management role.
- Proven track record of developing and implementing risk management frameworks and strategies at the enterprise level.
- Experience with regulatory requirements, compliance, and industry best practices in risk management.
- Background in financial services, insurance, banking, or other highly regulated industries is preferred.
- Strong analytical skills with experience using risk management tools and technologies.
- Proficient in data analysis, financial modeling, and risk quantification techniques.
- Familiarity with risk management software and platforms, and the ability to work with complex data sets.
- Leadership & Management:
- Demonstrated ability to lead cross-functional teams and manage enterprise-wide initiatives.
- Strong communication, presentation, and interpersonal skills to effectively engage with executives, stakeholders, and board members.
- Proven experience in fostering a culture of risk awareness and continuous improvement.
- Strong problem-solving and decision-making capabilities in complex and dynamic environments.
- Ability to work independently, prioritize tasks, and manage multiple projects simultaneously.
- High level of integrity, ethics, and professional judgment.
Kapitus Total Rewards Package Includes:
- Competitive Base Salary Range of $ 121,700-$175,000 depending on geographic location and experience
- Annual Incentive Compensation Eligibility – Up to 15% annually
- Health Insurance: We offer comprehensive medical, dental, and employer-paid vision plans through UnitedHealthcare (UHC), with various coverage levels available to meet the needs of our employees and their families.
- 100% Company Paid Insurances: Kapitus fully covers the cost of basic short-term and long-term disability insurance, as well as vision insurance, ensuring our employees have comprehensive protection without any personal expense.
- Voluntary Insurance: Supplemental life insurance as well as enhanced short- and long-term disability coverage are available through Mutual of Omaha, providing additional security for our employees. Additionally, Colonial Accident and Hospitalization insurances are also available, offering further protection against unforeseen events.
- Paid Maternity and Parental Leave: Beyond state-mandated leave policies, Kapitus provides company-paid maternity and parental leave, supporting our employees during important family milestones.
- LifeBalance Program: Enhance your lifestyle with our LifeBalance membership, which offers discounts on outdoor activities, the arts, health, and fitness. Additional benefits include:
- Pet and car insurance discounts.
- Financial services such as LegalShield.
- Relaxation and stress management tools, including a fully covered annual subscription to The Calm App.
- Plum Benefits Discount Program: Access exclusive discounts on shows, travel, car rentals, and more, enriching your personal and family life.
- Tuition Reimbursement: Pursue further education with up to $5,000 annually in tuition reimbursement, plus opportunities to attend relevant conferences and career development events.
- Transit Reimbursement: We also offer transit reimbursement for all work-related travel, supporting your involvement in career and personal development activities.
- Paid Time Off: Employees enjoy 120 Hours of Paid Time Off and can rollover up to 40 Hours to the following year, in addition employees receive 56 hours of Sick Time annually. Unused sick time does not expire; instead, it accumulates in a special accrual bank that never expires and can be utilized for FMLA needs or other approved leaves.
- Retirement Benefits: Our 401K plan is managed through Fidelity, featuring a 25% match on employee contributions, helping you plan for a secure financial future.
About Kapitus:
Kapitus is one of the most reliable and respected names in small business financing. As both a direct lender and a marketplace built with a trusted network of lending partners, we can provide small businesses with the financing they need, when and how it is needed. We have spent our entire existence building a culture that makes us excited to come to work in the morning. Our company is fast-paced; teammates need to be self-directed and have an internal motivation to do the right thing, even when the right thing takes a lot of hard work. We show our teammates our appreciation by offering great benefits, competitive pay, and solid opportunity for growth.
Company Mission:
At Kapitus, we strive to empower every business to succeed by providing the best financing options when they need it and how they need it. Whether we are working with a business directly or through a strategic partner, we will work diligently to provide the most convenient, cost- effective and appropriate financing solution for a business’s needs. We promise to keep the best interests of our clients at the center of the financing process by operating with transparency, fairness, and integrity. We will continue to empower small businesses to make educated financial decisions, as we have since our inception in 2006.
Please Note:
Consideration will be given to qualified remote candidates residing in states where Kapitus and/or one of its subsidiaries has an established physical presence.