Third Party Risk Manager

Building A Bank From Scratch

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, with practically infinite global demand, but distribution is broken. Global clearing runs on legacy banks that are closed 115 days a year, built for humans and take two days to settle. Augustus is the update to the internet era. We received conditional approval from the OCC to charter America's first stablecoin-native clearing bank that is always open, made for machines, at the speed of compute.

We are a group of operators, unicorn early employees, ex-founders and people who walked away from degrees because they believe this is an industry and career defining opportunity. We're backed with $40M from Peter Thiel's Valar Ventures, Creandum and founders of Ramp, Deel and Circle.

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

No TPRM function existed before you. You get to build it right from the start. There is no safety net. What you build is what the company runs on.

You will own Third-Party Risk Management end to end at Augustus, covering both third-party service providers and strategic partnerships. You are responsible for building a real, operating TPRM program: intake, risk tiering, due diligence, ongoing monitoring, issues management, escalation, reporting, and governance.

You design and run the complete lifecycle for both service providers and partnerships: how new relationships are evaluated before engagement, how critical and high-risk ones are monitored over time, and how control gaps, incidents, concentration risk, and dependency risk are surfaced and resolved. Where process exists, you pressure-test it. Where it doesn't, you build it.

The end state is a program that leadership trusts and regulators take seriously: a comprehensive inventory with clear ownership and risk tiering, consistent risk-based due diligence, clean reporting and escalation paths, and defensible decisions around onboarding, ongoing reliance, remediation, and exit.

Your First Six Months

• Months 1-2: Get the full picture. You learn how third-party relationships actually work today. You map all existing vendors and partners, assess where risk has been managed informally or not at all, and identify gaps. By the end of month 2, you've defined the end-state operating model.

• Months 3-4: Build the foundation. You stand up the core program: intake standards, risk tiering, due diligence requirements, and ongoing monitoring for critical and high-risk relationships. Issues and control gaps have a clear home - tracked, escalated, and resolved with ownership. The business knows how to engage vendors and partners without guesswork.

• Months 5-6: The program is live. New relationships flow through a predictable process. Issues are surfaced early with clear ownership and risk discussions move from "are we exposed?" to "what's the right decision here?" The program scales, withstands regulatory scrutiny, and adapts as the company grows.

Who Will Thrive At Augustus

We believe that throwing smart people with high agency at big problems produces the best outcomes. The people who succeed here share the following traits:

• Relentless: You can't leave something broken. You don't stop because it got hard or because no one is watching.

• Set The Bar: You're harder on yourself than anyone else would be. You don't need external accountability to care about quality.

• Shape The Game: You don't wait for a playbook and you don't need one. You walk into genuinely new territory and figure it out. You move before anyone asked you to.

• Systems First: You don't solve problems by adding people or effort. You build systems that make the problem smaller. Your first instinct is to automate, not to handle it manually.

This role is for you if:

• You'd rather be in the room when a vendor decision is being made than reviewing it after the fact.

• You want direct ownership of the full lifecycle (intake, diligence, monitoring, escalation, exit) rather than a narrow coordination role.

• You've been waiting for the chance to build a TPRM program from the ground up, rather than inherit a patchwork of vendor checklists nobody fully owns.

• You want your work to directly shape how the company scales - which vendors and partners it can safely rely on, and how those relationships are governed.

• You're motivated by building something durable that leadership trusts and regulators respect, not just checking compliance boxes.

This is not for you if:

• You want a fully mature program handed to you on day one, with scope, workflows, and decisions already locked in.

• You prefer risk work that stays contained within documentation and periodic reviews, rather than being embedded in live vendor and partnership decisions.

• You need stability and predictability to do your best work - scope shifts, direction changes, and things getting rebuilt from scratch are part of how we operate.

• You're looking for a role where you can lead from a distance. There's no team to delegate to and no playbook to hand off.

• Accountability makes you uncomfortable. If something in third-party risk goes wrong here, it's yours to own and fix.

Hard Requirements

• 5+ years of hands-on TPRM experience, with direct ownership of a program or major components: intake, risk tiering, due diligence, monitoring, and escalation.

• Experience managing risk across both service providers and partnerships: technology vendors, outsourced providers, fintech or commercial partnerships, and other dependency-heavy relationships.

• Able to operate as an independent second-line function - comfortable challenging first-line stakeholders and standing behind recommendations with senior leadership.

• Able to operate as a single-threaded owner and drive outcomes cross-functionally without formal authority.

Pay Transparency

Compensation packages at Augustus include base salary, equity, and benefits. New hire offers are made based on a candidate's experience, expertise and geographic location. The annual US base salary range for this role is $150,000-$200,000 + equity.

What We Offer

• Career Growth: You will be given more responsibility and pushed to grow faster than ever before.

• Network: Your peers are brilliant, highly motivated people. These people will be foundational in your future opportunities.

• Real Participation: Employees are shareholders. You will think and act like an owner.

• Perks & Benefits: Relocation support, visa support, the latest Apple gear (MacBook + AirPods), lunch benefit, gym benefit, a beautiful office in the heart of the city, 4x on-/offsites per year, and an annual development budget.

• Health & Insurance: Our US team receives comprehensive Medical, Dental, and Vision insurance plans. We are offering 401(k) retirement plans.

Augustus is committed to creating an inclusive environment where people from all backgrounds can thrive and where different viewpoints and experiences are valued and respected. Augustus will consider all applications for employment without regard to race, ethnicity, national origin, religious beliefs, gender identity or expression, sexual orientation, neurodiversity, disability, age, parental or veteran status.