Sr. Risk & Control Analyst

Overview

This role is responsible for leading and supporting oversight of Fintech Partner audits related to the BaaS program. The position includes assisting with the creation of risk assessments, scoping, and audit schedule planning, and supporting and tracking work throughout the audit lifecycle. Working closely with the BaaS Risk & Controls Manager, you will collaborate with internal subject matter experts, Partners, and the Partner’s Internal Audit or External Audit firm to help ensure Partner audit program requirements are met. Using a risk-based approach, the role supports the BaaS Risk & Controls Program by partnering with internal SMEs and Partners to ensure audits, scoping, reports, and remediation efforts meet program requirements.

• Role is budgeted for $82,678-$90,000**
• Compensation Range: $82,678 - $96,457

Responsibilities

• Assist in developing processes to enhance the BaaS Risk & Controls Program.
• Assist in creating and maintaining Partner Audit risk assessments, focusing on key risks of the Partner and BaaS services.
• Facilitate Partner audits with external audit firms, Fintech Partners, and Internal Audit, as needed.
• Coordinate scheduling of Partner audits with audit firms and Fintech partners to ensure timely engagement and completion.
• Partner with internal subject matter experts to ensure Partner audits address key risks to the BaaS program.
• Assist in evaluating and updating Partner audit scopes for all required audits, including:
  • BSA
  • General Compliance
  • IT General Controls
  • IT Security Assessments
  • Deposit and Lending Compliance
  • Operational audits
• Assist in reviewing Partner engagement letters and audit reports to ensure scoping requirements were met and properly tested.
• Assist in reviewing audit findings and remediation plans to ensure key risks are addressed timely and appropriately.
• Assist in analyzing audit risk trends across all Partners to identify improvement opportunities.
• Coordinate and assist in oversight audits, tracking findings through remediation.
• Assist in training department staff to further their skills and expertise.
• Maintain proficient knowledge of applicable rules and regulations, including but not limited to:
  • Bank Secrecy Act (BSA)
  • USA Patriot Act
  • OFAC
  • Regulation E
  • Truth in Savings Act
  • Unfair, Deceptive or Abusive Acts or Practices (UDAAP)
  • Truth in Lending
  • Equal Credit Opportunity Act
• Follow and comply with all regulatory and compliance regulations.
• Make recommendations to the Risk & Controls Manager when and where appropriate.

Qualifications

• Knowledge and understanding of FinTech with a strong technical background.
• Strong communication skills; able to state risks and issues concisely and articulate impact in a structured manner, both verbally and in writing.
• Understanding of regulatory compliance and FFIEC requirements is desired.
• Strong analytical skills to review audit programs, work papers, and reports to determine adequacy.
• Ability to effectively present information and respond to questions from management and employees.
• Ability to organize and prioritize multiple projects while meeting deadlines with minimal direct supervision.
• Attention to detail and accuracy.
• Cooperative and professional attitude.
• Ability to effectively present information and respond to questions from management, affected departments, and BaaS Partners.

Education/Experience

• Bachelor’s Degree and/or equivalent related experience with 5+ years relevant bank Internal Audit and/or IT Risk and Controls experience.

Compensation & Benefits

• Compensation Range: $82,678 - $96,457
• Role is budgeted for $82,678-$90,000**
• Medical Coverage: Choose from three competitive medical plans.
• Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions.
• Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses.
• Dental and Vision Insurance.
• Life Insurance: Company-paid basic life insurance with options to purchase additional coverage.
• Long-Term /Short-Term Disability (LTD): Income protection in the event of long-term illness or injury.
• Supplemental Benefits: Hospital Indemnity, Accident Insurance, and Critical Illness coverage.
• 401(k) Retirement Plan: Competitive plan with company matching.
• Paid Time Off: Vacation and sick leave.
• Holidays: 11 paid holidays throughout the year.

Physical Demands

• Sit for extended periods of time.
• Stand for extended periods of time.
• Perform repetitive finger, hand, and arm movement.
• Use electronic office equipment (e.g., computer keyboard, mouse, ten key, telephone).
• View and read computer screens for extended periods.
• Occasionally stoop, kneel, crouch, or crawl.
• Occasionally lift or move up to 10 pounds.

Equal Opportunity Statement

The employer is an equal opportunity employer. Employment decisions are based on merit, qualifications, and business needs, without discrimination or harassment on the basis of race, color, religion, sex, national origin, age, disability, veteran status, or any other protected status under applicable laws.

Other Duties

This job description is not intended to cover or contain a comprehensive listing of activities, duties, or responsibilities required for the role. Duties, responsibilities, and activities may change at any time with or without notice.