Fintech vs Carlyle?

[Anonymous]

I am evaluating two options
Carlyle - will be doing operations, comp ~ 210k, 4 days in office
Fintech Startup - will be doing risk, comp ~ 250k, 3 days in office

Commute is about 1hr 15 min one way.

[Anonymous]

I do risk and comp in a fintech and I’m obsessed. Forget client bullshit, you build your program and live your life. I am a director and my total comp is up to $650 bc our stock is up. I stopped work today to get a pedicure and take my kid out for sushi.

I’m curious which fintech start up is hiring for that role tho now, usually they wait until right before IPO

[Anonymous]

Anonymous wrote:I do risk and comp in a fintech and I’m obsessed. Forget client bullshit, you build your program and live your life. I am a director and my total comp is up to $650 bc our stock is up. I stopped work today to get a pedicure and take my kid out for sushi.

I’m curious which fintech start up is hiring for that role tho now, usually they wait until right before IPO

How do you get into that, I’m a programmer for DoD so think I have technical chomps. Did you get MBA?

[Anonymous]

Anonymous wrote:I do risk and comp in a fintech and I’m obsessed. Forget client bullshit, you build your program and live your life. I am a director and my total comp is up to $650 bc our stock is up. I stopped work today to get a pedicure and take my kid out for sushi.

I’m curious which fintech start up is hiring for that role tho now, usually they wait until right before IPO

Think poolit/moon fare/Yieldstreet/wealthfront ect…
Not going to get into the details. I am at the manager level and don’t expect to get to director any time soon.

[Anonymous]

I really can’t stress enough how amazing risk in fintech is. It’s a niche skill that you can maneuver pretty well and don’t need a specific degree for, although I do have a national security degree from a top tier program.

If anyone wants to pivot I recommended certificates in enterprise risk management. It’ll help get your feet wet and ensure you actually like the work. Alternatively on the compliance side you can research getting your CAMS. However I have neither, just was recruited as a manager at a legacy finance org after grad school, then rode a wave of going public at a hot fintech mid pandemic, and now I am a director at a fintech that went public in 2021 that has a product that’s pretty recession proof.

Weeks of intensity yes, but also travel to Paris and bogota, sweet sweet tech stocks, and Friday afternoons with my nine year old. Run don’t walk.

[Anonymous]

Carlyle has been going downhill since the original founders left. I'd look into the fintech option, like the other PPs said.

[Anonymous]

Anonymous wrote:I really can’t stress enough how amazing risk in fintech is. It’s a niche skill that you can maneuver pretty well and don’t need a specific degree for, although I do have a national security degree from a top tier program.

If anyone wants to pivot I recommended certificates in enterprise risk management. It’ll help get your feet wet and ensure you actually like the work. Alternatively on the compliance side you can research getting your CAMS. However I have neither, just was recruited as a manager at a legacy finance org after grad school, then rode a wave of going public at a hot fintech mid pandemic, and now I am a director at a fintech that went public in 2021 that has a product that’s pretty recession proof.

Weeks of intensity yes, but also travel to Paris and bogota, sweet sweet tech stocks, and Friday afternoons with my nine year old. Run don’t walk.

Why do I picture you as an oily used car salesman

[Anonymous]

Anonymous wrote:

Anonymous wrote:I really can’t stress enough how amazing risk in fintech is. It’s a niche skill that you can maneuver pretty well and don’t need a specific degree for, although I do have a national security degree from a top tier program.

If anyone wants to pivot I recommended certificates in enterprise risk management. It’ll help get your feet wet and ensure you actually like the work. Alternatively on the compliance side you can research getting your CAMS. However I have neither, just was recruited as a manager at a legacy finance org after grad school, then rode a wave of going public at a hot fintech mid pandemic, and now I am a director at a fintech that went public in 2021 that has a product that’s pretty recession proof.

Weeks of intensity yes, but also travel to Paris and bogota, sweet sweet tech stocks, and Friday afternoons with my nine year old. Run don’t walk.

Why do I picture you as an oily used car salesman

Well fintech is more boiler room than margin call

[Anonymous]

What background does one need to go into the risk and compliance field in fintech? Are you lawyers?

[Anonymous]

Anonymous wrote:What background does one need to go into the risk and compliance field in fintech? Are you lawyers?

OP here, I come from fund operations (same field as the Carlyle offer). I have no certification either. But I worked at a few brand name firms and the hiring team likes my personality.

I do believe fund operations is somewhat of foundation to fintech risk, a lot of investment attributes are transferable to the product in fintech and it’s easy to teach me how to evaluate risk.

I have a baseline set of skill such as writing memo, plotting PowerPoint and share a hatred of big bank bureaucracy…

[Anonymous]

Anonymous wrote:

Anonymous wrote:What background does one need to go into the risk and compliance field in fintech? Are you lawyers?

OP here, I come from fund operations (same field as the Carlyle offer). I have no certification either. But I worked at a few brand name firms and the hiring team likes my personality.

I do believe fund operations is somewhat of foundation to fintech risk, a lot of investment attributes are transferable to the product in fintech and it’s easy to teach me how to evaluate risk.

I have a baseline set of skill such as writing memo, plotting PowerPoint and share a hatred of big bank bureaucracy…

Can you elaborate what you do for the fT. How do you execute risk management? Score potential business decision on likelihood and consequences? Evaluate credit worthiness of investments?

[Anonymous]

I love working in the fintech industry. I don't plan to work anywhere else. It's fast paced, pays well, and a decent number of jobs are remote/hybrid. Most of the time the culture is more casual compared to law/banking.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What background does one need to go into the risk and compliance field in fintech? Are you lawyers?

OP here, I come from fund operations (same field as the Carlyle offer). I have no certification either. But I worked at a few brand name firms and the hiring team likes my personality.

I do believe fund operations is somewhat of foundation to fintech risk, a lot of investment attributes are transferable to the product in fintech and it’s easy to teach me how to evaluate risk.

I have a baseline set of skill such as writing memo, plotting PowerPoint and share a hatred of big bank bureaucracy…

Can you elaborate what you do for the fT. How do you execute risk management? Score potential business decision on likelihood and consequences? Evaluate credit worthiness of investments?

I evaluate credit worthiness of investments. The FT undertakes investment in a few asset class, CRE, private credit, VC capital call, ect... We have to come up with a way to evaluate their risk and assign a risk score, so that we can monitor - on the company level, are we undertaking too much risk in XXX area or too concentrated in XXX industry/geographic. We have 1 vote in the investment committee, while the investment analysts have 2 votes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What background does one need to go into the risk and compliance field in fintech? Are you lawyers?

OP here, I come from fund operations (same field as the Carlyle offer). I have no certification either. But I worked at a few brand name firms and the hiring team likes my personality.

I do believe fund operations is somewhat of foundation to fintech risk, a lot of investment attributes are transferable to the product in fintech and it’s easy to teach me how to evaluate risk.

I have a baseline set of skill such as writing memo, plotting PowerPoint and share a hatred of big bank bureaucracy…

Can you elaborate what you do for the fT. How do you execute risk management? Score potential business decision on likelihood and consequences? Evaluate credit worthiness of investments?

I evaluate credit worthiness of investments. The FT undertakes investment in a few asset class, CRE, private credit, VC capital call, ect... We have to come up with a way to evaluate their risk and assign a risk score, so that we can monitor - on the company level, are we undertaking too much risk in XXX area or too concentrated in XXX industry/geographic. We have 1 vote in the investment committee, while the investment analysts have 2 votes.

Not a very effective second line of defense if business has 2 votes to risk's 1.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What background does one need to go into the risk and compliance field in fintech? Are you lawyers?

OP here, I come from fund operations (same field as the Carlyle offer). I have no certification either. But I worked at a few brand name firms and the hiring team likes my personality.

I do believe fund operations is somewhat of foundation to fintech risk, a lot of investment attributes are transferable to the product in fintech and it’s easy to teach me how to evaluate risk.

I have a baseline set of skill such as writing memo, plotting PowerPoint and share a hatred of big bank bureaucracy…

Can you elaborate what you do for the fT. How do you execute risk management? Score potential business decision on likelihood and consequences? Evaluate credit worthiness of investments?

I evaluate credit worthiness of investments. The FT undertakes investment in a few asset class, CRE, private credit, VC capital call, ect... We have to come up with a way to evaluate their risk and assign a risk score, so that we can monitor - on the company level, are we undertaking too much risk in XXX area or too concentrated in XXX industry/geographic. We have 1 vote in the investment committee, while the investment analysts have 2 votes.

Not a very effective second line of defense if business has 2 votes to risk's 1.

This. In our company the risk dept is an equal or even stronger player unless it’s a minor thing.