Director of Risk Management

As the Director of Risk Management at BitGo, your primary responsibilities include developing and managing the overall enterprise risk strategy, ensuring compliance with a variety of regulations, and reviewing third-party risks during onboarding or acquisitions. You'll work closely with various teams within BitGo, including finance and legal, to establish processes addressing financial and counterparty risks while maintaining an updated risk management program.

To apply for the Director of Risk Management role at BitGo, you should possess a college degree in business, public policy, or a related technical field. Additionally, candidates should have 5-8 years of relevant experience, knowledge of risk management frameworks such as COSO and ISO 31000, and familiarity with information security standards like ISO 27001. Strong interpersonal and management skills are also essential.

BitGo is committed to empowering its employees with opportunities for growth and development. As the Director of Risk Management, you will receive ongoing training and support in risk management best practices, have the chance to lead new initiatives, and engage in continuous collaboration with cross-functional teams, allowing for personal and professional advancement within the role.

The work environment for the Director of Risk Management at BitGo is dynamic, collaborative, and innovation-driven. We emphasize a transparent culture where problem-solving and open communication are encouraged. This position is full-time onsite in New York, fostering teamwork and synergy among colleagues passionate about disrupting financial markets.

At BitGo, you will enjoy a competitive salary between $190,000 - $220,000, bonus and stock options, fully covered health insurance for you and your family, a generous 401k match, catered lunches, and more. With an inspiring startup atmosphere, we ensure our team feels valued and supported in their career journey.

In your answer, provide specific details about the frameworks you've worked with, such as COSO or ISO 31000, and explain how you've implemented them in previous roles. Highlight specific challenges you faced and the successful strategies you employed to address those challenges.

Draw from your past experiences where you successfully identified operational risks by analyzing processes or technologies. Showcase a systematic approach that includes risk assessments, audits, and collaborative efforts with cross-functional teams to devise solutions and minimize risk exposure.

Discuss your experience working with legal and compliance teams to understand and implement relevant regulations. Mention strategies such as conducting regular compliance audits, staying abreast of new laws, and fostering an organizational culture that prioritizes compliance throughout all levels of the company.

Emphasize the importance of clear communication and illustrating complex concepts in layman's terms. Provide examples of how you have successfully presented risk assessments or strategies to stakeholders, ensuring that key messages are understood and actionable.

Share a specific incident where you navigated a crisis effectively. Detail the steps you took to assess the risk, communicate with stakeholders, and implement a response plan, underlining the lessons learned from that experience.

Articulate your commitment to professional development in risk management. Mention resources such as industry publications, conferences, online courses, and networking with peers to stay current on emerging trends, regulations, and best practices.

Discuss the integration of technology in assessing and managing risk. Highlight tools or software you've used for risk assessment, data analysis, or compliance monitoring, and how these enhance efficiency and effectiveness in your risk management approach.

Explain your methodology for building a comprehensive risk management program, starting with an assessment of the existing framework. Detail how you would engage various stakeholders, evaluate risks, develop training programs, and establish ongoing monitoring and reporting processes.

Identify key factors such as the vendor's financial stability, security practices, compliance history, and impact on BitGo’s operations. Share your process for conducting thorough due diligence and ongoing evaluations to ensure third-party partnerships align with BitGo’s risk tolerance.

Reflect on your passion for digital assets and how BitGo's mission resonates with your career goals. Discuss specific aspects of the company culture, values, and innovative approach to financial markets that motivate you to contribute to BitGo's success in this vital role.