Director of Risk Management

The Director of Risk Management at BitGo is responsible for assisting in shaping the enterprise-wide risk management program, developing risk strategies and policies, leading reviews of third-party engagements, and working with corporate executives to analyze financial and counterparty risks. This role requires a comprehensive understanding of various risk types, including regulatory, operational, and security risks, and demands a proactive approach to managing compliance across global operations.

To apply for the Director of Risk Management role at BitGo, candidates should possess a college degree in business, public policy, or a technical field, along with 5-8 years of relevant experience. Knowledge of risk management frameworks (like COSO or ISO 31000), information security standards (such as ISO 27001 or NIST), and strong interpersonal skills are essential to succeed in this position.

At BitGo, support for the Director of Risk Management comes from collaboration across all levels of the organization. You will work closely with top management, compliance teams, and various departments to develop a risk framework aligned with industry standards and ensure that BitGo adheres to all regulatory obligations. Moreover, a strong company culture of ownership and transparency empowers you to make impactful decisions.

The work culture at BitGo is built on principles of collaboration, transparency, and innovation. As a Director of Risk Management, you'll be encouraged to take ownership of projects, think creatively, and propose new solutions to complex problems. BitGo values craftsmanship, open communication, and a dedication to quality, creating an inspiring environment for professionals passionate about blockchain technology and digital assets.

Success as a Director of Risk Management at BitGo hinges on excellent staff management skills, the ability to interface effectively with top management, strong communication skills, and a high level of commitment to quality work, ethics, and compliance. You should also be adept at multitasking and meeting deadlines, while possessing a passion for understanding blockchain technology and the financial services industry.

When answering this question, emphasize your familiarity with various risk management frameworks such as COSO or ISO 31000. Provide examples of how you have applied these frameworks in previous roles, detailing how your involvement impacted the organization's risk posture positively.

Discuss your systematic approach to conducting risk assessments for third-party partnerships. Emphasize the importance of thorough due diligence, collaboration with relevant departments, and ensuring that identified risks are properly mitigated or accepted as part of strategic decision-making.

Share specific strategies you have employed to ensure compliance with relevant regulations, particularly in the financial services sector. Highlight experiences where your initiatives led to improved compliance tracking and communication between teams, demonstrating your capability in legislative navigation.

Describe a challenging risk issue you've encountered, detailing the context and your thought process in addressing it. Focus on the steps you took to identify the root cause, evaluate potential consequences, and implement effective solutions, demonstrating your problem-solving skills.

Talk about methods you've used to promote risk awareness among employees, such as training sessions, workshops, or regular communications that highlight the importance of risk management. Share specific examples where this approach led to increased engagement and compliance.

Discuss various risk management tools or software you have utilized, explaining how they enhanced your risk assessment processes. Be sure to mention any specific results or improvements achieved through the adoption of these technologies.

Highlight the unique risks associated with the cryptocurrency industry, including regulatory, technological, and operational risks. Discuss how proactive risk management strategies can help safeguard stakeholders' interests and enhance overall trust in the digital asset ecosystem.

Emphasize your commitment to continuous learning through industry publications, webinars, and networking. Mention specific sources you trust for updates on risk management practices and developments in the cryptocurrency space.

Prepare to discuss what you consider to be the three most pressing risks for digital asset custodians, such as cybersecurity threats, regulatory compliance challenges, and reputational risks. Provide reasoning for your choices, demonstrating your critical thinking skills.

Detail your experiences collaborating with various departments, showcasing how different functional areas contribute to a holistic risk management strategy. Highlight instances where your teamwork resulted in successful risk identification and mitigation.