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Risk Officer

Meet Nuvei, the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 700 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

At Nuvei, we live our core values, and we thrive on solving complex problems. We’re dedicated to continually improving our product and providing relentless customer service. We are always looking for exceptional talent to join us on the journey!

Your mission:
As a Risk Officer you will oversee the Enterprise Risk Management Program of UAB Nuvei and will be responsible for the design and/or implementation of the Enterprise Risk Management Program. 

The role requires taking ownership of providing risk advice, performing hands-on risk evaluation tasks, dealing with policy matters and working on new regulatory projects.

Key responsibilities include, but are not limited to:

  • Designing and overseeing the Enterprise Risk Management Framework, identifying documentation and control failures or gaps, assisting in the remediation efforts, where needed, and overseeing the correction of the identified gaps of the risk management area;
  • Conducting risk assessments of new products, services and processes;
  • Drafting and maintaining robust risk management, internal control, outsourcing policies/procedures and implementing related processes;
  • Conducting annual business-wide risk assessment (BWRA) and annual enterprise-wide risk assessment (EWRA), including ICT, AML/CFT, Sanctions, Fraud, Operational, etc. risks, and preparation of related risk maps;
  • Providing detailed, timely reports on risk management to the Management Board, the Company’s management, supervisory authorities, according to the applicable reporting cadence;
  • Providing advice on risk management topics to business units and other stakeholders;
  • Being a liaison with supervisory authorities, external consultants/law firms, partners on matters related to risk management;
  • Being responsible for the Company’s risk internal training plans, documentation, and delivery.

Qualifications include, but are not limited to:

  • 5+ years of experience in risk management, compliance, or internal audit, with at least 3+ years spent in a Senior Position within Lithuanian financial services institution supervised by the Bank of Lithuania;  
  • At least Bachelor’s degree in Finance, Business Administration, Risk Management, or a related field; 
  • Relevant certifications such as Certified Risk Manager (CRM), Certified Risk and Compliance Management Professional (CRCMP), or equivalent are advantageous;
  • Proficiency in risk management software and tools, experience with ERM frameworks (e.g., COSO, ISO 31000), and the ability to manage and analyze large datasets for risk reporting;
  • Be up to date with local & international risk management standards & regulations; 
  • Detail-oriented, proactive, and adept at managing multiple high-priority tasks independently while maintaining a high level of accuracy;
  • Strong analytical and problem-solving skills to identify trends, conduct root cause analysis, and develop actionable risk insights;
  • Excellent bilingual English & Lithuanian communication skills both written & verbal. 

Monthly salary 3900 - 5200 (gross before taxes). Specific salary is offered based on competence, work experience, and compliance with other job requirements.

  • Monthly LIDL or WOLT food allowance;
  • Hybrid working model;
  • 2.5 additional vacation days of annual leave a quarter, if the company hits quarterly targets;
  • Private health insurance;
  • One-month workcation;
  • Cool and modern penthouse office in Vilnius city;
  • Annual bonus depending on company and individual results;
  • Space for personal and professional growth, training, giving back to community activities;
  • Office perks, a great atmosphere, company events and a lot more to explore.

Nuvei is an equal-opportunity employer that celebrates collaboration and innovation and is committed to developing a diverse and inclusive workplace. The team at Nuvei is comprised of a wealth of talent, skill, and ambition. We believe that employees are happiest when they’re empowered to be their true, authentic selves. So, please come as you are. We can’t wait to meet you.
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CEO of Nuvei
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Average salary estimate

$54600 / YEARLY (est.)
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$46800K
$62400K

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What You Should Know About Risk Officer, Nuvei

Meet Nuvei, an incredible Canadian fintech company that's at the forefront of payment solutions around the world! As a Risk Officer at Nuvei, you will have the exciting opportunity to oversee the Enterprise Risk Management Program and play a critical role in shaping how we handle risk. Your mission will involve crafting and implementing robust frameworks, conducting hands-on risk evaluations, and advising on a range of policy matters. With a focus on continuous improvement, you’ll be involved in assessing new products and processes while also drafting key internal control policies. You won’t be alone in this; you’ll collaborate closely with various business units and be the fearless liaison with supervisory authorities. Imagine delivering insightful reports that guide decision-making at the management level! If you're someone who thrives on solving complex problems and wants to make a real impact within a global company, this is the role for you. You’ll be part of a vibrant team that values collaboration and innovation, as we strive to provide unparalleled service to our clients across more than 200 markets. Join us in our mission to accelerate the success of businesses globally. Your expertise in risk management – especially if you have a background in Lithuanian financial services – will be incredibly valuable here at Nuvei. So, if you’re detail-oriented, proactive, and ready for a challenge, we can't wait to meet you!

Frequently Asked Questions (FAQs) for Risk Officer Role at Nuvei
What are the main responsibilities of a Risk Officer at Nuvei?

As a Risk Officer at Nuvei, your main responsibilities will include designing and overseeing the Enterprise Risk Management Framework, conducting risk assessments of new products and services, and drafting internal policies. You'll also conduct annual risk assessments and contribute to remediation efforts, ensuring compliance with local and international standards. Additionally, you will provide risk management reports to the Management Board and be a key advisor to different business units.

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What qualifications are required for the Risk Officer position at Nuvei?

To apply for the Risk Officer position at Nuvei, you'll need at least 5 years of experience in risk management, compliance, or internal audits. Of those, a minimum of 3 years should be in a senior role within a Lithuanian financial services institution. A Bachelor’s degree in Finance, Business Administration, or Risk Management is essential, and relevant certifications like CRM or CRCMP are advantageous. Strong analytical skills and ability to communicate effectively in both English and Lithuanian are also important.

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What types of risk assessments will a Risk Officer conduct at Nuvei?

At Nuvei, a Risk Officer will conduct various types of risk assessments, including an annual business-wide risk assessment (BWRA) and an enterprise-wide risk assessment (EWRA) focusing on ICT, AML/CFT, sanctions, fraud, and operational risks. You'll develop related risk maps and provide actionable insights that help guide strategic decisions across the company.

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Is there a hybrid working model available for the Risk Officer role at Nuvei?

Yes, Nuvei offers a hybrid working model for the Risk Officer position. This allows for flexibility in balancing remote work and in-office time, enabling you to perform at your best while maintaining a healthy work-life balance.

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What benefits can a Risk Officer expect to receive at Nuvei?

As a Risk Officer at Nuvei, you can expect an attractive monthly salary, food allowances, and additional vacation days if company targets are hit. Additional benefits include private health insurance, opportunities for training and professional growth, a fun office atmosphere, and a one-month workcation, depending on your performance.

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Common Interview Questions for Risk Officer
Can you explain your experience with risk management frameworks?

When answering this question, emphasize your familiarity with ERM frameworks such as COSO or ISO 31000. Discuss specific instances where you designed or implemented these frameworks and detail the outcomes that benefited your previous company.

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How do you approach conducting risk assessments?

You should describe a systematic approach, such as identifying risks, evaluating their potential impact, and prioritizing them based on your findings. Providing a real-life example illustrates your method effectively while demonstrating your analytical skills.

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What steps do you take when identifying control failures?

Explain your problem-solving process, focusing on how you review existing controls, gather data, and analyze any failures. Share an experience where your proactive steps led to improvements and strengthened the risk management process.

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How do you stay updated on risk management regulations?

Discuss the resources you utilize, such as professional organizations, online courses, and industry publications. Emphasize your commitment to continuous learning and provide examples of how you've applied recent regulatory changes in your past roles.

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Can you describe a time when you advised a business unit on risk management?

When recounting your experience, focus on the specifics of the situation, including the recommendations you made, the outcome, and how your advice was implemented. Show how you can effectively communicate complex risk issues to non-technical stakeholders.

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What tools and software are you proficient in for risk management?

Highlight your experience with industry-standard risk management tools and software, explaining how you've used them for analytics and reporting. Providing context on how your tech proficiency improved efficiency can strengthen your answer.

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How would you handle a regulatory audit?

Demonstrating your understanding of audit procedures and your communication skills is key. Discuss your approach to preparing documentation, cooperating with auditors, and ensuring that all compliance measures are met smoothly.

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How do you prioritize multiple risk management tasks?

Share a structured approach that shows your ability to manage time and priorities effectively. Explain how you assess the urgency and importance of each task while maintaining a clear focus on business objectives.

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What does a successful risk management program look like to you?

Articulate your vision of a successful risk management program, focusing on the importance of proactive assessments, compliance with regulations, clear communication across departments, and continuous improvement. Back your statements with examples of successful programs you’ve experienced.

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Why do you want to work as a Risk Officer at Nuvei?

Prepare to express genuine enthusiasm for Nuvei and its innovative approach to fintech. Discuss your alignment with the company’s values and how you believe your skills and vision can contribute to its mission of providing top-notch risk management.

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OUR PURPOSE Accelerating our customers' business. HOW WE DO IT By being flexible and agile, we provide the payment technology and insights our customers and partners need to succeed locally and globally with one integration. OUR VALUES Innovati...

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Full-time, hybrid
DATE POSTED
December 8, 2024

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