SlipstreamJobs tracks this role from the company's public career site. Apply directly on the employer's site.
Salary: USD 150,000 - 250,000 / annual
Augustus is building a modern correspondent bank with a real national bank charter and proprietary core banking system (Marble). The company is backed by $200M+ from Valar Ventures, Tiger Global, and founders of Nubank, Ramp, Deel, and others. Currently regulated in Europe with Euro and Stablecoin clearing, Augustus is now scaling its US operations.
As Counterparty/Credit Risk Manager, you will own the risk function supporting the bank's growth, with specific focus on counterparty risks from BaaS relationships, partnerships, and future credit offerings. Your responsibilities include:
**Core Ownership Areas:**
- Maintain client inventory and run quarterly reconciliations against payment and contracting data
- Run new client and partner relationships through intake and onboarding processes
- Execute initial due diligence at onboarding and ongoing due diligence on recurring schedules
- Collaborate with subject matter experts across IT, Information Security, BSA/AML, OFAC, Compliance, Credit, Finance, and Legal
- Extend due diligence downstream to critical fourth parties where required
- Develop credit, concentration, liquidity, and other financial risk metrics with ongoing monitoring and reporting
**First Six Months:**
Months 1-2 focus on learning the business: understanding current due diligence gaps, how onboarding moves through the pipeline, which SME reviews are current versus overdue, BCDR and exit plan documentation for critical clients, and where the issues log breaks down. Months 2-3 involve proposing enhanced risk metrics and reporting while supporting counterparty risk reviews and new product assessments. Months 3-6 transition to full ownership of risk metrics, reporting, counterparty reviews, and product risk assessments.
**Culture & Expectations:**
Augustus seeks operators with high agency who thrive in fast-paced environments. The company values intellectual curiosity about risk, cross-divisional collaboration, and ownership mentality. This role requires comfort with detail-heavy, document-intensive work across concurrent relationships and the ability to own deadlines for outcomes you don't directly control (e.g., client response times). The role is not suited for those seeking a fully mature program handed over, those needing external priority-setting, or those seeking purely strategic work without operational coordination.
**Requirements:**
- 5+ years of experience in counterparty risk management, credit risk, or related risk function
- Experience in fast-paced environments with high 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
