Augustus (formerly known as Ivy) has received OCC conditional approval to charter the first clearing bank for the AI era. Backed by Variant.
About the role
Augustus Bank is growing a best-in-class global bank and requires a strong risk function to support this endeavor. This role will focus on counterparty risks stemming from BaaS relationships, partnerships and future credit offerings. The role focuses on risk assessments of clients, new products and services, as well as continuing to develop risk monitoring and reporting. Found on 1752vc Careers, the job board for startup and VC roles.
What they're looking for
- 5+ years of experience in counterparty risk management, credit risk, or a related risk function
- Experience working in fast paced environments with a high level of agency and ownership, ideally blending Fintech and Bank experience
- Comfortable working directly with stakeholders across various functions
- Located in New York area or willing to relocate
More about this role
Few people get to build a bank from scratch. Even fewer get to build one at a moment when banking itself is being reinvented.
The Dollar is the best product in the history of the world - there is infinite global demand. But International Fintechs and non-US banks are left with two unsatisfying options to access it: Either they build on legacy clearing banks that are slow and unreliable, or they interface with middleware providers that don’t move and hold the dollars directly, but themselves rely on underlying legacy banks. Augustus collapses this stack by combining two things: A real, national bank charter (in organization), and Marble, our proprietary core banking system, built around intelligence, made of code.
We are a group of operators, unicorn early employees, ex-founders and people who walked away from degrees because they believe this is an industry and career defining opportunity. We are backed with more than $200M from Peter Thiel's Valar Ventures, Tiger Global, Hummingbird, QED, Creandum, and the founders of Nubank, Ramp, Deel, Circle, Fluidstack, Fuse, and n8n.
We are regulated in Europe and live with Euro and Stablecoin clearing today. Now, we are building the US team...
Browse similar: Startup jobs