CCRO E Money Institution [Netherlands]

 

Chief Compliance & Risk Officer Vivid Payments BV

The Chief Risk Officer (CCRO) will co-lead the future Netherlands based business, as part of the Management Board. The right candidate will serve as the local focal point in the Netherlands and interact with regulators on the compliance and risk domain to drive growth and trust.

This is a start-up company within Vivid Money Group and aiming to receive a license as E-Money Institution (EMI) from the Dutch Central Bank (DCB). After securing the license, Vivid Payments is ready to scale. The main objective for the CCRO , in the first instance, is to support in getting the EMI-license from DCB to include all requested activities and services in as smooth a process as possible.

The CCRO is also responsible for, among other things, risk management within the Company and, as a director, monitors compliance with relevant laws and regulations, internal standards and rules of conduct, policies and procedures. Progressive supervision of the realization of adjustments in response to identified shortcomings and defects.

As a material expert, the CCRO is responsible for establishing norms and standards and implementing procedures that ensure that the risk and compliance procedures throughout the organization are effective and efficient in recognizing, preventing and resolving non-compliance with usable laws and regulations.

In his role, the CCRO will not perform any activities in the 2nd line, the day-to-day responsibility for the 2nd line activities lies with the Head of Risk & Compliance.

As the CCRO, with joint responsibility for the Netherlands operation, you will have the following responsibilities:

• Work to successfully secure required regulatory permissions, and to operationalise these new permissions and licenses
• Responsible for managing the relationships with the DNB from the compliance and risk domain
• Is responsible for the overall management of the risks associated with the company's activities;
• Ensures that effective and efficient policies and procedures are in place and that they are respected and adhered to by all employees and that the Company complies with all legal requirements;
• Ensures the determination of the risk appetite and decides which measures to take against the risks and, in line with this, develops a risk governance framework and related annual risk work plan that reflects the unique characteristics of the organization;
• Ensures adequate internal risk management and control systems are integrated into the work processes within the Company and its affiliated enterprise and ensure that these are known to those for whose work they are relevant;
• Ensures that the operation of the internal risk management and control systems is monitored and that the design and operation of the systems are periodically (at least annually) systematically assessed;
• Ensures supervision, advice and development of training and education programs aimed at creating more understanding and awareness within the organization about the risk domain;
• Provides strategic direction to the management team on risk management;
• Ensures that clear and concise risk reports are drawn up and presented to the Board of Directors and provides timely and complete information on all matters relating to the risk policy and the general course of affairs within the Company;
• Interacts with regulators on risk-related issues;

Governance:

• Ensures a cohesive team within the Board of Directors in which collegial decision-making is paramount and unanimity is achieved when making decisions;
• Together with the other members of the Executive Board, is responsible for managing the Company, with the CCRO taking on the following areas of attention:
  • Risk management
  • Compliance
• Is jointly responsible for maintaining the corporate governance of the Company and ensures the proper functioning of and compliance with the rules, regulations and code of conduct;
• Is jointly responsible for shaping a culture aimed at long-term value creation in which openness and accountability is stimulated within all bodies within the Company;

Requirements

Key Behavioural Skills:

• Adopt a responsible approach: act with integrity, due skill, care and diligence
• Actively create a trusting cooperation with peers across the organisation
• Share openly and be transparent

• Entrepreneurial drive and mindset
• Show high ambition & great commitment and being performance as well as result oriented
• Strive for continuous improvement
• Inspire, convince and motivate with their leadership style as well as their experience as a leader.
• Learning agility
• Ability to adapt and quickly react to changing circumstances & priorities
• Good analytical skills
• Good decision-making skills

Experience required:

• Educated to degree level or equivalent work experience

• 10+ years of experience in leadership roles for organisations in the financial industry, preferably in payments, credits and/or e-money.
• Previous experience as an Executive Committee Member, and experience of participating in Board meetings
• Strong manager and leader capable of building high-performing teams and leading a multi-level organisation
• Has extensive experience working in a regulated environment and with governance frameworks; maintaining codes and internal procedures and regulations with regard to corporate governance and compliance, internal and external audits;
• Has in-depth substantive knowledge in the field of risk and compliance within the financial services industry

 

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