Counterparty/Credit Risk Manager

Augustus•New York, NY

12h•$150,000 - $250,000

About The Position

Augustus Bank is building a global bank and is seeking a Counterparty/Credit Risk Manager to support its risk function. The role focuses on counterparty risks arising from BaaS relationships, partnerships, and future credit offerings. It covers client and product risk assessments, along with the development of risk monitoring and reporting. The manager maintains the client inventory and performs quarterly reconciliations against payment and contracting data, without owning the underlying payment or contracting controls. They coordinate new client and partner intake and onboarding; perform initial and recurring due diligence; collaborate with subject matter experts across technology, security, financial crime, compliance, credit, finance, and legal; and extend due diligence to critical fourth parties when required. The role also develops and monitors credit, concentration, liquidity, and other financial risk metrics. During the first six months, the manager will learn the existing business and risk processes, identify gaps in due diligence, metrics, reviews, documentation, and issue tracking, and propose enhanced metrics and reporting. Over time, they will take ownership of risk metrics and reporting, counterparty reviews, and assessments of new products and services. The position is suited to someone who is curious about risk, collaborative across functions, comfortable with pace and ownership, and willing to handle operational coordination and detailed documentation.

Requirements

At least 5 years of experience in counterparty risk management, credit risk, or a related risk function.
Experience in fast-paced environments with a high level of agency and ownership.
Comfort working directly with stakeholders across various functions.
Located in the New York area or willing to relocate.
Comfort with operational coordination, detailed document-intensive work, concurrent relationships, and owning deadlines involving parties outside one's direct control.

Nice To Haves

Experience blending fintech and bank work.

Responsibilities

Maintain the client inventory and conduct quarterly reconciliation against payment and contracting data; the role does not own payment or contracting controls.
Run new client and partner relationships through intake and onboarding.
Execute initial due diligence during onboarding and ongoing due diligence on the recurring schedule for existing client and partner relationships.
Collaborate with subject matter experts across Information Technology, Information Security, BSA/AML and OFAC, Consumer and Regulatory Compliance, Credit, Finance, and Legal.
Extend due diligence to critical fourth parties where required.
Develop credit, concentration, liquidity, and other financial risk metrics, and conduct ongoing monitoring and reporting.
Review existing due diligence, risk metrics, onboarding processes, SME reviews, BCDR and exit-plan documentation, and issue-log processes to identify gaps.
Propose enhanced risk metrics and reporting.
Conduct counterparty risk reviews and risk assessments for new products and services, and take ownership of these activities over time.