Remote Position
Fintech Risk Associate
🌍 Remote · United States
💼 Full-time
Job Description:
- Independently execute second-line risk-management activities across the Bank’s Banking-as-a-Service portfolio
- Lead risk-based due diligence for prospective fintech partners and present findings and recommendations to senior management
- Own pre- and post-launch risk and compliance requirements and ensure launch readiness
- Conduct ongoing monitoring, testing, quality assurance, and risk reviews for assigned partners
- Track findings and remediation plans to closure, identify emerging risks, and escalate material issues
- Improve due diligence, monitoring, testing, and assessment processes and templates
- Serve as primary risk and compliance contact for assigned fintech partners
- Develop an understanding of partners’ business models, products, customer journeys, technology, operations, controls, and risk profiles
- Evaluate proposed products, features, customer journeys, and partnership structures for risk, compliance, control, and operational considerations
- Partner with BSA, Embedded Finance, Operations, Product, Legal, Information Security, Compliance, Technology, and other teams
- Own cross-functional initiatives from scope through implementation
- Maintain roadmaps for control gaps and process improvements and contribute to policies, procedures, reporting, dashboards, presentations, and governance materials
- Monitor developments in fintech, payments, lending, and regulation and assess implications for the BaaS portfolio
Requirements:
- Typically 5–8 years of experience in banking, fintech, risk management, compliance, third-party risk management, internal audit, or a related field
- Demonstrated ability to independently lead risk assessments, due diligence, monitoring, testing, issue management, or remediation
- Strong experience with financial crimes compliance, including BSA/AML, OFAC watchlists and sanctions, and fraud risk
- Working knowledge of banking and payments compliance, including UDAAP, NACHA, Visa/Mastercard, FedNow, The Clearing House RTP, Reg E, Reg Z, Reg DD, Reg CC, ECOA, FCRA, GLBA, and applicable state data privacy laws
- Experience with Third-Party Risk Management and related interagency guidance from the OCC, FDIC, and Federal Reserve
- Knowledge of fintech, payments, embedded finance, BaaS, or lending business models
- Experience with Lending-as-a-Service, fintech lending, loan products, or lending-partner risk management is a plus
- Ability to manage external relationships, field partner requests, communicate with senior stakeholders, and influence without direct authority
- Project-management, analytical, problem-solving, decision-making, risk-escalation, and reporting skills
- Experience reviewing or developing risk assessment, monitoring, testing, and reporting templates and processes
- Strong judgment, attention to detail, collaboration, creativity, and ability to prioritize competing demands
- Bachelor’s degree or equivalent relevant work experience
Benefits:
- Remote work flexibility
- Diversity of thought and perspective
- Cross-functional teamwork culture
- Opportunities to contribute to banking innovation
- Growth and development opportunities through collaboration
- Inclusive partnership culture