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Risk Manager, EU

Lightspark· Legal & Compliance
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Estonia€52.9k - €62kFull-timePosted 1w ago

About the role

Risk Manager to lead the risk management function for Lightspark’s Estonian regulated entity (an e-money institution and crypto-asset service provider) with end-to-end responsibility for building and operating the risk framework, including risk appetite, KRIs, ICT risk, business continuity, safeguarding of client funds, and supervisory reporting.

Responsibilities

  • Own and develop the risk management policies and procedures, including their annual review and risk-related processes embedded in other company policies.
  • Map the company’s key risks to first-line owners, define measurable and collectible key risk indicators and set up ongoing risk monitoring.
  • Build and maintain the risk and control register, with a documented annual review cycle.
  • Finalize and run the Risk Appetite Statement, including mapping data sources, populating the reporting form and reporting quarterly to the Management Board and the Supervisory Board for approval.
  • Lead company-wide risk assessments, including for new products, business lines and material changes.
  • Develop card payment fraud risk processes together with Operations, building on the existing fraud risk policy.
  • Lead ICT and security risk management in line with DORA, including the ICT risk register, ICT and information asset registers and the vendor register, and deliver the ICT risk work plan.
  • Own business continuity management, updating BIA and BCP as new lines/vendors are added, and run incident management walkthroughs and tabletop exercises with the group information security team.
  • Manage ICT third-party risk, including reviewing vendor agreements against DORA requirements and preparing the register of information for supervisory reporting.
  • Lead risk-related supervisory reporting, including operational risk and DORA reporting, and prepare the company for supervisory inspections (ICT risk management and crypto-asset custody).
  • Oversee finance-related risks, including own funds calculations and projections, safeguarding account flows, and reporting obligations to stablecoin issuer partners.
  • Prepare clear risk management reports for the Management Board and Supervisory Board.
  • Build a culture of risk awareness, including annual risk training and internal workshops.
  • Work with Compliance, AML, Legal, Operations, Product, Engineering and Finance to embed risk management into daily operations.

Qualifications

  • 3+ years of risk management experience in a credit institution, e-money institution, payment institution, investment firm, crypto-asset service provider, or equivalent financial sector/public authority experience.
  • Ideally experience coordinating communication with the Estonian FSA.
  • University degree in finance, economics, business, law or comparable field (preferred).
  • Solid knowledge of EU and Estonian risk management regulation and guidelines, including DORA, EBA internal governance guidelines, ICT and security risk and outsourcing, and own funds/safeguarding under EMD and PSD2.
  • Hands-on experience building risk frameworks (risk appetite statements, KRIs, risk and control registers, BIA, BCP).
  • Good understanding of ICT risk, information security and third-party risk management.
  • Strong project management and structured working style, ability to run multiple workstreams to regulatory deadlines.
  • Proactive, independent second-line thinker able to propose initiatives.
  • Good communication skills; able to present risk matters to Management/Supervisory Boards and non-risk audiences.
  • Knowledge of virtual assets/blockchain, crypto custody, card payments, fraud, AML/CFT/sanctions, data protection, embedded finance and banking-as-a-service is a plus.

Skills

Required:Risk managementRegulatory knowledge (DORA, EBA guidelines, PSD2, EMD)Stakeholder communicationProject management

Benefits

  • Annual performance bonus
  • Equity
  • On-site 5 days a week
Last updated Oct 15, 2026. Interested? Apply on the company site.
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About Lightspark

Global Payments Platform for Instant Bitcoin Transfers

Lightspark powers instant, low-cost Bitcoin and Lightning Network payments. Connect your business to the Money Grid for faster, borderless money movement.

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