Deputy Chief Risk Officer

WALLETTO is a fast-growing electronic money institution based in Vilnius. We’re powering modern payment solutions across Europe — helping businesses send, receive, and move money securely and efficiently.

As a trusted partner of Visa and Mastercard, we provide payment accounts (SEPA, SWIFT, A2A), card acquiring (Visa, Mastercard, Apple Pay, Google Pay), and co-brand card issuing programs. We’re building the next generation of payments — and we’re looking for someone who’s ready to grow with us.

We are looking for a Deputy Chief Risk Officer to strengthen our risk management framework and support a strong risk-aware culture across the organization. You will lead key areas including internal controls, incident management, business continuity, product risk, and third-party risk management, ensuring alignment with regulatory requirements and industry best practices.

• Design and maintain internal control framework;

• Develop, document, and maintain an effective internal control framework;

• Align regulatory requirements and industry best practices (COSO, ISO 31000);

• Test internal controls and maintain a control measures map;

• Evaluate internal controls effectiveness;

• Design and maintain incident management framework;

• Manage all incident register;

• Design and maintain business continuity management framework;

• Design critical and important functions methodology;

• Design scenarios framework and organize their simulations/ testing;

• Design and maintain product risk assessment framework;

• Develop and maintain a structured risk scoring methodology;

• Develop and maintain third party risk assessment framework;

• Maintain a comprehensive third-party risk register, including risk scores;

• Manage contract expiry, and reassessment dates, etc.;

• Ensuring third party oversight complies with EBA Outsourcing Guidelines;

• Manage DORA and internal policies.

• Degree in Business management and administration, Finance, Economics or related field;

• Preferably at least 3 years risk management experience in Fintech companies or other companies operating with financial market;

• Experience in Internal control management (designing and maintaining internal control system in line with COSO, ISOO 31000 and other best practices);

• Experience in Incident management (ability to develop incident management framework, develop incident register, investigate root causes of incidents, and recommend effective corrective actions);

• Experience in business continuity management framework development, business impact analysis expertise, scenario testing and simulation planning;

• Ability to analyze and strategical thinking;

• Experience in organizing training for employees;

• Product risk assessment skills by identifying, assessing, and setting score risks associated with new or significantly changed products prior to launch;

• Product risk assessment framework development by designing and maintaining product risk management frameworks aligned with internal governance and regulatory expectations;

• Capability to design and apply quantifiable, consistent criteria to evaluate and compare product risks;

• Skills in conducting periodic reviews of live products to detect emerging or evolving risks;

• Experience in building and maintaining frameworks for on boarding and monitoring vendors and outsourcing partners;

• Solid knowledge of relevant regulations and guidelines.

• Fluency in English and Lithuanian;

• Strong communication skills.