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Open nowFirst seen 4 days ago

Head of Finance

Tech23 open roles

Where
Riga, Latvia, Remote
Work mode
Remote
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Your applicationOpen nowHead of FinanceTech · Riga, Latvia, Remote

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The clock on this job

Early applications get read.

12.3% of postings close within 7 days. Measured by our own scanner across the market. Tech postings stay open a median of 2 days.

Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.3%7 days
  4. 19.3%14 days
  5. 35.6%30 days
  6. 57.8%60 days
This job: first seen 4 days ago

Tech median: 2 days open

The posting

About the Role:

This is the first finance hire for a new European payments company's Latvian entity. You will own everything that makes the regulated entity work financially: safeguarding, own funds, regulatory reporting, statutory accounts, and treasury, and be the person the regulator speaks to about it. You report to the Group CFO, with a dotted line to the entity's Managing Director. At the start, the function is you and two outsourced providers: the focus is designing controls and writing procedures, not running an established team.

What You'll Do:

  • Own the safeguarding model end to end, including daily reconciliation of safeguarded funds and the safeguarding policy
  • Calculate and monitor own funds and capital headroom; prepare regulatory returns to Latvijas Banka
  • Own and maintain the finance inputs for the entity and the ICAAP-equivalent assessment
  • Produce the entity's annual financial statements and manage the statutory audit
  • Oversee outsourced bookkeeping and payroll providers; own VID filings and the ledger
  • Manage liquidity, settlement and FX across account-to-account, open banking and card flows
  • Own the entity's financial model, budget, forecast and product unit economics
  • Build the finance control framework: authorization limits, segregation of duties, four-eyes principle

Requirements:

  • Qualified accountant or equivalent finance qualification, and a degree in finance, economics, accounting or a related field
  • Experience inside a regulated financial institution – EMI, payment institution, bank or investment firm
  • Hands-on experience of at least one of: client money safeguarding, regulatory capital calculation, or regulatory reporting to a supervisor
  • Working knowledge of the Latvian regulatory and tax environment and Latvian statutory reporting
  • Professional English; Latvian at working level
  • An impeccable professional reputation – the role is subject to Latvijas Banka fit-and-proper expectations

Nice to Have:

  • Experience with regulatory authorizations or license management
  • Payments background: settlement, scheme reconciliation, multi-currency or card issuing
  • Familiarity with DORA
  • Experience managing outsourced accounting and payroll providers in a regulated setting

Why Join?

  • Build the finance function of a licensed institution from scratch – no legacy setup, your design
  • A clear mandate: where the regulated entity's obligations conflict with the group's, the entity comes first
  • AI-first payments company with a small, senior team, backed by founders who have built and scaled well-known European payment companies

We Offer:

  • Salary: Base salary + Equity (Discussed at the offer stage)
  • Full-time position
  • Location: Riga, Latvia (hybrid, flexible remote working)
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