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 banks are left with two unsatisfying options to choose from: Either build on legacy correspondent banks that are slow and unreliable, or interface with middleware providers that neither move nor hold the dollars directly, but instead rely on underlying legacy banks themselves. At Augustus, we collapse the 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 ex-founders, founding employees of unicorns, and people who dropped out of university 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 Etched.

We are regulated in Europe and live with Euro and Stablecoin clearing today. Now, we are building the US team from the ground up, while continuing to grow rapidly in Europe.

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.

You own

Inventory: maintaining the client inventory and running the quarterly reconciliation against payment and contracting data (you do not own payment/contracting controls yourself — you reconcile against them).

Onboarding: running new client and partner relationships through intake and onboarding.

Initial & Ongoing Due Diligence: executing initial due diligence at onboarding and ongoing due diligence on the recurring schedule for existing client and partner relationships.

SME Reviews: collaborating with subject matter experts across Information Technology, Information Security, BSA/AML & OFAC, Compliance (Consumer & Regulatory), Credit, Finance, and Legal.

Fourth Party Due Diligence: extending due diligence downstream to critical fourth parties, where required.

Client risk management: developing credit, concentration, liquidity and other financial risk metrics and ongoing monitoring and reporting of the same.

Your first six months

Month 1-2: You learn the business and how counterparty and credit risk runs today: what's in (and missing from) the due diligence and risk metrics, how onboarding and due diligence really move through the pipeline, which SME reviews are current versus overdue, what BCDR and exit plan documentation exists for critical clients, and where the issues log breaks down.

Month 2-3: You propose enhanced risk metrics and reporting and support in counterparty risk reviews and risk assessments for new products and services.

Month 3-6: You take ownership of risk metrics and reporting, counterparty risk reviews and risk assessments for new products and services.

Who Will Thrive At Augustus

We believe that throwing smart people with high agency at big problems produces the best outcomes. We’re building a modern correspondent bank, and we win by having a better team. The people who succeed here share the following traits:

American Dream: You’d rather shoot for gold than settle for mediocrity. You pick the harder goal and stay optimistic when the odds are against you. If it feels easy, we aimed too low.

Live Player: You don’t need permission. You rebuild what’s broken without being asked, challenge how things are done, and move before the perfect moment.

Ever to Excel: You can’t accept good enough and you take your work personally. When it matters, you do what it takes and keep raising the bar for yourself and your team.