Note: The job is a remote job and is open to candidates in USA. Coastal is a modern banking and Banking-as-a-Service (BaaS) company that supports individuals and businesses through integrated financial technology. The Risk & Control Analyst will support oversight of Fintech Partner audits, including risk assessments, audit scoping, scheduling, reporting, remediation tracking, and regulatory compliance across the BaaS program.
Responsibilities
- Assist in developing processes to enhance 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 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 risk 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, and 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 analysis of audit risk trends across all Partners to identify improvement opportunities to the CCBX program
- Coordinate and assist in oversight audits, tracking any findings to remediation
- Assist in training department staff to further their skills and expertise
- Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, OFAC, Regulation E, Truth in Savings Act and 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
Skills
- Knowledge and understanding of FinTech with a strong technical background
- Communicates with impact, able to state risks and issues concisely and articulates impact in a structured manner both verbally and written
- Strong analytical skills necessary 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 a must
- Cooperative and professional attitude
- Ability to effectively present information and respond to questions from management, affected departments and our BaaS Partners
- Bachelor's Degree and/or equivalent related experience with 5+ years relevant bank Internal Audit and/or IT Risk and Controls experience
- Sit for extended periods of time
- Stand for extended periods of time
- Perform repetitive finger, hand, and arm movement
- Use electronic office equipment such as a computer keyboard, mouse, ten key, telephone, etc
- View and read computer screens for extended periods
- Occasionally stoop, kneel, crouch, or crawl
- Occasionally lift or move up to 10 pounds
- Understanding of regulatory compliance and FFIEC requirements is desired
Benefits
- Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle.
- 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 to help you save on out-of-pocket costs.
- Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly.
- Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents.
- Long-Term /Short-Term Disability (LTD): Income protection in the event of a long-term illness or injury.
- Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most.
- 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future.
- Paid Time Off: Generous vacation and sick leave policies to support your time away from work.
- Holidays: Enjoy 11 paid holidays throughout the year.
Company Overview