Risk Officer, Amazon

Risk and Compliance Solutions

$142.7-236k

Expert level
New York
Amazon

The largest online retailer and technology provider

Job no longer available

Amazon

The largest online retailer and technology provider

1001+ employees

B2CB2BMarketplaceCloud ComputingeCommerce

Job no longer available

$142.7-236k

Expert level
New York

1001+ employees

B2CB2BMarketplaceCloud ComputingeCommerce

Company mission

Amazon aims to be Earth’s most customer centric company. Their mission is to continually raise the bar of the customer experience by using the internet and technology to help consumers find, discover and buy anything, and empower businesses and content creators to maximise their success.

Role

Who you are

  • We are looking for a passionate and driven individual to lead our 2LoD Risk Function
  • The successful candidate will already be operating at Chief Risk Officer level at a financial services regulated company
  • They will have proven expertise in managing globally dispersed teams focusing on multi-dimensional financial (capital, liquidity, etc) and non-financial (cyber, operational, conduct, regulatory, etc) risk programs to deliver data driven insights that balance risk management and compliance concerns with supporting business growth and innovation
  • This vital and high profile role requires, and we value, strong ownership, intellectual flexibility, and sound and data driven business judgement
  • Already operating at Chief Risk Officer level / previously approved for risk management function(s) by a Central Bank Regulator
  • 15+ years of experience of working in a 2LoD risk management function at a financial institution, licensed money transmitter, payments, lending, or insurer
  • 5+ years of experience of leading a 2LoD risk management function
  • Proven SME expertise in delivering advisory and/or undertaking risk assessments in BOTH financial (capital, liquidity, etc) and non-financial (cyber, operational, conduct, regulatory, etc) risk categories
  • Excellent written and verbal communication skills. You will prepare reports and make presentations to senior level management. You will interact with various levels of employees to collect and communicate information
  • Demonstrable experience of delivering through ambiguity with strong bias for action
  • 5+ years of experience of leading globally-dispersed risk management teams
  • Ability to travel internationally 3-5 times annually

Desirable

  • Graduate Degree with concentrations in Risk Management
  • Professional certification in Risk Management and/or Compliance

What the job involves

  • In this role, you will lead a team charged with risk management for payments, insurance and lending regulated businesses globally
  • Working in close collaboration with Compliance and Business partners, you will shape the future of Amazon’s evolving risk and compliance programs, designing and delivering best-in-class solutions to measure, track, and mitigate risk in order to accelerate Amazon’s mission to “be Earth’s most customer-centric company.”
  • Design and deliver risk assessment and mitigation strategies to deliver actionable intelligence on emerging risks and new product initiatives. Proactively engage with business leaders to provide counsel and influence product design
  • Represent risk management programs during examination and audit processes, ensuring timely and accurate response to inquiries. Develop detailed, data-driven narratives to inform senior leaders of risk levels, mitigations, and impacts
  • Manage the day-to-day functions of the risk management programs in your region, inclusive of policy and process documentation and regular reporting. Ownership of operational risk programs, including business continuity and resiliency and third-party risk
  • Maintain a strong understanding of best-in-class risk and control principles, and related regulatory expectations – embed governance processes to perform recurring gap analysis against those expectations
  • Effectively manage relationships with stakeholders across business, technology, legal, compliance, and operations teams to design and deliver on a risk management roadmap. Set and periodically audit communication strategies to ensure integration of stakeholder feedback
  • Build and develop a team of subject matter experts in various facets of risk management. Set and execute on individualized coaching and development plans. Set and manage team goals in support of enterprise goals. Manage staff planning and budgeting

Application process

  • This position will remain posted until filled. Applicants should apply via our internal or external career site

Our take

Amazon is the world's largest online retailer, and is well-known for its disruption of well-established industries. The company is present in numerous verticals, including cloud computing with Amazon Web Services, AI with its range of Alexa devices and a global marketplace more commonly referred to as 'the everything store'. Acquisitions include Ring, Twitch, Whole Foods Market, and IMDb.

More recently, Amazon has been focused on leading the "third wave in digital advertising". Many businesses are now shifting ad dollars to retailers, which before would have been spent with online media platforms. Amazon's seen great success in the space, with its revenue from advertising now higher than its Amazon Prime membership scheme, audiobooks and digital music combined. This growth is particularly impressive considering its digital ad rivals (like Snap, Alphabet, and Meta) have suffered declines due to wider macroeconomic factors and Apple's iOS privacy changes.

Despite its dominant market position, Amazon will continue to be challenged over the next decade, including sustaining AWS's cloud dominance in the face of Google and Microsoft. On top of this, the company's e-commerce division is facing profitability problems despite its 2023 post-IPO debt funding of 8 billion. It will need to find new ways to stay above their competitors.

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Steph

Company Specialist

Insights

Some candidates hear
back within 2 weeks

16% employee growth in 12 months

Company

Company benefits

  • Employees have opportunities to own Amazon stock, participate in 401(k) plans with company match, and enroll in paid life and accident insurance
  • Financial counseling and estate planning services are also available, plus paid short-term and long-term disability if needed
  • Medical, dental, and vision coverage to all our regular full-time employees, regardless of their level, tenure, or position
  • Amazon employees have free access to a network of more than 2 million caregivers, including nannies, babysitters and special-needs caretakers
  • Employees receive discounts on certain day care centers, and Amazon provides a variety of free resources for parents of children with autism, ADHD and developmental disabilities
  • Adoption assistance for qualified domestic and international adoption expenses including attorney fees, court costs, and travel
  • Leave Share program allows employees to give six weeks of paid parental leave to a spouse or partner who isn’t eligible for parental leave from their employer
  • Amazon Care's virtual services are available in all 50 states, and in-person care is active in Seattle, Washington, D.C., Arlington, Baltimore, Boston, Dallas, Austin, and Los Angeles, with 20+ more markets coming online in 2022 alone
  • 20 weeks of paid leave to birthing mothers and six weeks for parents who adopt

Company values

  • Customer obsession rather than competitor focus
  • Passion for invention
  • Commitment to operational excellence
  • Long-term thinking

Company HQ

South Lake Union, Seattle, WA

Founders

Jeff Bezos

(Executive Chairman)

Jeff is an American business magnate, media proprietor, and investor. As well as founding Amazon, Jeff founded Blue Origin, an aerospace manufacturer and sub-orbital spaceflight services company and also owns The Washington Post.

Andy Jassy

(President & CEO (not founder))

Joined Amazon as a Marketing Manager in 1997. Developed AWS with Jeff Bezos, and became CEO of Amazon in 2021.

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