Manager of Enterprise Risk Management, KOHO Financial
$90-130k
Plus equity
Financial management application
Job no longer available
Financial management application
201-500 employees
Job no longer available
$90-130k
Plus equity
201-500 employees
Company mission
To allow Canadians to be able to travel more, retire sooner, and live more balanced lives
Role
Who you are
- You have extensive Enterprise Risk Management expertise
- You are knowledgeable about key risk areas that may impact KOHO as a fintech company
- You have excellent communication skills for building trust and credibility
- You are a strong team player with adaptability and flexibility
- You have expertise in compliance standards like OSFI Guidelines, RPAA, Payments Canada requirements
- You have a pragmatic approach to balancing risk and cost
- You have an entrepreneurial mindset for navigating challenges
- You show ownership and accountability for outcomes
- You have advanced Excel and strong analytical skills
What the job involves
- KOHO Financial is looking for a dynamic Manager, Enterprise Risk Management (ERM) to help us create a lean but effective ERM framework and measure and manage risk
- This role has a scope that is company-wide including working closely with stakeholders in all business areas
- Reporting to the Chief Risk Officer, this role will be a key part of a team responsible for developing strategies and controls to manage all areas of risk at KOHO and will be instrumental in helping KOHO obtain a bank license
- You will develop Enterprise Risk Management frameworks, policies, reporting and tools
- Liaise with business and product teams on understanding, managing, and responding to risk of all types – credit risk, market risk, liquidity risk, vendor risk, model risk, reputational risk, compliance risk, technology risk for example
- Work directly with key external partners and regulators on KOHO’s enterprise risk management function and play an important role in KOHO obtaining a bank license and operating the Bank in a safe and sound manner
- You will analyze and report on enterprise risks and manage them according to the framework
- You will support the planning and implementation of programs designed to identify and monitor risk exposure and maximize the efficiency and effectiveness of the analytical processes
- You will monitor and analyze information provided through detection systems, tools, reports to evaluate, investigate and determine required actions
- You will assist in process improvement and policy and procedure documentation
- You will carry out analysis of potential risks and sources of vulnerability and apply risk mitigation measures
- Continue to develop Enterprise Risk Management (ERM) tools and practices to analyze and report on enterprise risks and to manage those risks according to KOHO's ERM framework
- You will take on other risk management functions/tasks as needed
Our take
In the wake of the gradual shift from physical to virtual interactions, the global internet-only banking industry has also seen tremendous growth in recent years. Koho financial is part of this growing trend, they are a financial solution and payment platform built to help Canadians with managing their finances.
Apart from typical savings and budgeting common with money-management apps, Koho customers enjoy a suite of financial services that help to build better credit, spending habits and insurance. As part of this, their product appeals especially to the majority of the paycheck-to-paycheck demographic.
Koho's impressive growth and suite of products also appeal to investors who have backed them with one of the highest levels of funding in the Canadian fintech sector. However this hasn't completely insulated it from the turbulence in the global economy, which led to Koho restructuring in early 2023. It is now focused on growth, aiming to further extend its lead in the Canadian market.
Steph
Company Specialist
Insights
Company
Funding (last 2 of 7 rounds)
Dec 2023
$63.4m
SERIES D
Feb 2022
$110.6m
SERIES D
Total funding: $280.7m
Company benefits
- Stock options
- Semi-annual merit increases
- Holiday bonus
- Work from anywhere
- Generous PTO
- Health & Lifestyle spending accounts
- $1000 remote office setup budget
- $5000 referral bonus
- Free KOHO Premium account
- Icon Potential Alt Text
- In-house coaching program
- $2000 annual training allowance
- Approachable leadership
- Bias towards action
Company values
- Practice & foster candor: We commit to respectfully speaking up and embrace positive conflict. Our minds? Open. Our egos? Left at the door.
- Own it: If we see a problem, we become a part of the solution. That way, we build the company we want to work for, and a product we're proud to use.
- Have a growth mindset: At KOHO, we own our growth, continuously improving through collaboration and curiosity. After all, stagnation is the enemy of progress
- Think like a customer: We lead with humanity and never lose sight of the real people our work impacts
- Build community: We actively contribute to KOHO culture — it belongs to all of us. We have a shared responsibility to make KOHO a safe and inclusive place for all
Company HQ
Liberty Village, Toronto, ON
Articles
Leadership
Daniel Eberhard
(CEO)Previously a co-founder and Vice President at Kineticor Renewables before their acquisition.
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