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Risk Partnerships Manager, Banks

Who we are

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world's largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone's reach while doing the most important work of your career.

About the team

The Risk Partnerships team is an essential part of Stripe's Global Partnerships organization. Our team is responsible for building and maintaining relationships with key partner banks to manage risk for Stripe's business activities. These banking partnerships are essential to enable Stripe to accept and make payments, provide credit, move and store money and develop new products and solutions to meet our users' needs. We work across a broad range of risk and compliance topics including credit, fraud, regulatory, financial crime, reputational, product, and operational risks.

What you'll do

We're looking for a new member to join our team to work with key banking partners across North America who support Stripe with BIN Sponsorship across Merchant Acquiring and Card Issuing, and have experience of managing risk across money transmission.

Risk management is a critical part of managing these important relationships, and you'll require a broad understanding of risk disciplines across merchant acquiring and banking. You'll lead activities to improve the risk management interactions between Stripe and its partners, managing key aspects of the partner relationship, and executing on high-impact initiatives.

You'll closely manage important stakeholders both internally and externally to set objectives, coordinate priorities, and drive execution. Internally you'll closely coordinate with product and engineering teams, as well as cross-functional stakeholders including Risk, Fraud, Financial Crime and Supportability, Operations, Legal, and Finance. Externally, with Partners you'll work closely with Risk and Compliance teams including senior management.

Responsibilities

  • Lead risk-focused initiatives in collaboration with global financial partners (banks, networks, payment methods) to foster new business opportunities and user verticals and innovate on shared risk methodologies
  • Establish and maintain compliance with agreed risk appetites
  • Oversee and maintain the health of relationships with key risk counterparts at partner banks
  • Develop and manage projects and initiatives that support strong partner relationships regarding risk
  • Deliver business and policy recommendations that inform our risk posture
  • Act as a representative and negotiator of our risk approach to banking partners
  • Enhance existing and develop new partner-facing risk management capabilities
  • Lead risk-related partnership and product discussions with banking partners to align on risk approaches and strategies
  • Optimize existing partner-facing risk management capabilities and build new ones
  • Identify and pursue business opportunities by creating innovative risk-aware solutions that expand our product and user base through banking partnerships

Who you are

We're looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.

Minimum requirements

  • 10+ years of experience in a risk-related role at a bank or merchant acquirer, or a role requiring deep knowledge of risk and compliance issues
  • 5+ years of experience in risk management at a bank or merchant acquirer
  • 2+ years of experience improving processes and scaling solutions
  • Ability to represent Stripe on risk, compliance, and product issues with banking partners to maintain positive relationships
  • Strong organizational, planning, and communication skills (written and verbal) to drive understanding, collaboration, and issue resolution
  • Proven stakeholder management skills, including navigating difficult situations, negotiating timelines, and influencing stakeholders across organizations and borders
  • Self-motivated and proactive, with the ability to thrive in uncertain and ambiguous environments

Preferred qualifications

  • Experience of financial crime programs including KYC/B, AML, Sanctions and Terrorist Financing, with a practical knowledge of the Bank Secrecy Act and Anti-Money Laundering regulations
  • Strong understanding of the complex risks that are present when managing a merchant acquiring business, including the management of high-risk sectors
  • Market experience across America and Canada, with an understanding of how current and future regulations will impact Stripe and its banking partners
  • Experience of leveraging technology to support the development and embedment of scalable risk and operational processes

Hybrid work at Stripe

This role is available either in an office or a remote location (35+ miles or 56+ km from a Stripe office).

In-office expectations

Office-assigned Stripes spend at least 50% of the time in a given month in their local office or with users. This hits a balance between bringing people together for in-person collaboration and learning from each other, while supporting flexibility about how to do this in a way that makes sense for individuals and their teams.

Working remotely at Stripe

A remote location is defined as being 35 miles (56 kilometers) or more from one of our offices. While you would be welcome to come into the office for team/business meetings, on-sites, meet-ups, and events, our expectation is you would regularly work from home rather than a Stripe office. Stripe does not cover the cost of relocating to a remote location. We encourage you to apply for roles that match the location where you currently live or plan to live.

Pay and benefits

The annual US base salary range for this role is $159,000 - $238,600. For sales roles, the range provided is the role’s On Target Earnings ("OTE") range, meaning that the range includes both the sales commissions/sales bonuses target and annual base salary for the role. This salary range may be inclusive of several career levels at Stripe and will be narrowed during the interview process based on a number of factors, including the candidate’s experience, qualifications, and location. Applicants interested in this role and who are not located in the US may request the annual salary range for their location during the interview process.

Additional benefits for this role may include: equity, company bonus or sales commissions/bonuses; 401(k) plan; medical, dental, and vision benefits; and wellness stipends.

Office locations

Chicago

Remote locations

Remote in United States

Team

Global Partnerships

Job type

Full time

Apply for this role 

Please find our California applicant personal information notice here.

The application window will remain open for 100 days after the Job Post is published. However, this opportunity will remain open based on the needs of the business, which may cause the application window to close before or after the 100-day mark.

We look forward to hearing from you

At Stripe, we're looking for people with passion, grit, and integrity. You're encouraged to apply even if your experience doesn't precisely match the job description. Your skills and passion will stand out—and set you apart—especially if your career has taken some extraordinary twists and turns. At Stripe, we welcome diverse perspectives and people who think rigorously and aren't afraid to challenge assumptions. Join us.