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Open nowFirst seen 2 days ago

Managing Director

Tech24 open roles

Where
Riga, Latvia, Remote
Work mode
Remote
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Your applicationOpen nowManaging DirectorTech · Riga, Latvia, Remote

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The clock on this job

Early applications get read.

11.8% of postings close within 7 days. Measured by our own scanner across the market.

Share of postings closed within
  1. 2.1%1 day
  2. 4.4%3 days
  3. 11.8%7 days
  4. 18.6%14 days
  5. 35.6%30 days
  6. 45.1%60 days
This job: first seen 2 days ago

The posting

About the Role:

This is the first operational leadership hire for a new European payments company establishing its entity in Riga. You will direct the Latvian entity, sit on its management board, and act as the company's counterpart to Latvijas Banka – building and running the operation. The role reports to the CEO and is operational, not commercial: sales and account management sit elsewhere.

What You'll Do:

  • Act as the person responsible for payment services and e-money issuance for the company
  • Represent the company before Latvijas Banka, other authorities, banks, partners and service providers
  • Ensure effective governance, risk management, compliance and internal controls
  • Oversee safeguarding arrangements, key operational risks and material outsourced functions
  • Lead day-to-day operations: payment operations, merchant onboarding, first and second line support
  • Supervise key function holders and external service providers
  • Build the Riga team from nothing and own the HR function for Latvia: recruitment, contracts, payroll, onboarding, performance
  • Run the entity: office, accounting and payroll providers, statutory filings, local administration
  • Take part in management board decisions on strategy, finances, controls, outsourcing, staffing and business continuity

Requirements:

  • Latvian and English – both required
  • Higher education in finance, economics, law, business administration or a related field
  • 3+ years of experience in financial services, payments, banking, fintech or another regulated business
  • Practical experience in financial and business management
  • Good understanding of e-money, payment services, safeguarding, compliance, risk management and internal controls
  • Experience managing teams, key functions or external service providers
  • An impeccable professional reputation – the role is subject to fit-and-proper assessment by Latvijas Banka
  • Ability to dedicate sufficient time to the company's management and regulatory responsibilities

Why Join?

  • A seat on the management board of a regulated institution from the outset
  • The first operational leadership role in a company built from nothing – no legacy platform, no inherited processes, real influence over its design
  • AI-first payments company with a small, senior team, backed by founders who have built and scaled well-known European payment companies
  • Control functions report to the board and are backed to say no

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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