Fintech Risk Analyst I

DR Bank; Darien, Northern (CT, KY); Hybrid; USD 55,000 - 70,000; Full time

Benefits offered by this job

401(k)

401(k) matching

Flexible spending account

Health insurance

Life insurance

Paid time off

Vision insurance

Job summary

DR Bank is seeking a FinTech Risk Analyst I to support risk governance for third-party relationships. The role focuses on due diligence, remediation tracking, and cross-functional coordination with business lines to mitigate FinTech risks.

Responsibilities include maintaining SLAs, managing third-party documentation, and leading SOC lifecycle activities, with the administrator duties for Logic Manager and Monday.com. A 2+ year FinTech/banking risk background is preferred.

Qualifications

• 2+ years of third-party governance, procurement, compliance, legal, audit, or risk within FinTech and Banking preferred.
• Experience coordinating risk management processes and governance programs.
• Ability to review SLAs, remediation progress, and risk reports.

Responsibilities

• Coordinate risk management processes for FinTech third-party governance.
• Perform due diligence and risk assessments for FinTech relationships.
• Maintain documentation, reports, and policies related to third-party risk.
• Lead SOC lifecycle activities and SC calendar maintenance as needed.
• Present materials to Governance, Risk, and Compliance, Audit Committee, and Board.
• Act as administrator for Logic Manager and Monday.com.

Skills

Time management

Organizational skills

Communication skills

Analytical thinking

Risk management knowledge

Project management

Interdepartmental coordination

Prioritization

Education

High school diploma or equivalent

Advanced degree or equivalent experience

Tools

Logic Manager

Monday.com

Job description

The FinTech Risk Analyst I assists in the coordination of Risk Management processes in relation to FinTech third-party governance. Responsibilities include, but are not limited to due diligence assessments for new and existing FinTech relationships, service level agreement maintenance, remediation tracking, ongoing relationship coordination and tracking. The FinTech Risk Analyst I assists business lines through proper FinTech governance, establishing inter-department communications and relationships, and identifying, mitigating, and monitoring third-party risks as necessary.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

• Maintains process for reviewing service level agreements, remediation progress and performance assessments reports for use by business lines and senior management regarding FinTech risks as well as actionable and informational metrics
• Identifies and escalates key items of concern regarding new and existing FinTechs, including the potential of concentration risk and fourth-party risk exposures.
• Initiates and completes FinTech due diligence working papers and risk assessments, and is able to identify trends, risks, or threats
• Maintains FinTech documentation including contracts, policies, procedures, reports, and any other applicable third-party documents.
• Maintains FinTech remediation reporting, monitoring and testing tracking, and issue management on an ongoing basis
• Leads third-party watch-list activities, ensuring third-parties provide documents timely when needed, following up with third-parties, meeting with business lines to evaluate remediation activities, updating management as necessary
• Tracks any and all FinTech termination and offboarding processes, if applicable
• Adheres to compliance procedures and internal/operational risk controls in accordance with any and all applicable regulatory standards, requirements, and policies.
• Leads and manages Service Organization Control lifecycle includes of SOC library maintenance, SOC calendar maintenance, SOC Working Group, tracking and recording departmental oversight on complementary user entity controls, etc.
• Prepares and presents, as applicable, materials and supporting documents as needed for the Governance, Risk, and Compliance, Audit Committee, and Board of Directors
• Assists the Director of Risk Management in various FinTech risk management processes and facilitation
• Serves as an administrator for Logic Manager and Monday.com
• Communicate deadlines, action plan status, promote interactivity between business lines, and forecast concerns to mitigate risks
• Understands and upholds policies, processes, and procedures relevant to Risk Management and all other applicable Bank policies
• Assists in streamlining processes relative to risk management software, internal working papers, and departmental documents as needed
• Participates in the FinTech Oversight group meetings.
• Completes all other duties as assigned by Director of Risk Management

KNOWLEDGE, SKILLS and ABILITIES:

• Excellent time management and organizational skills – must be detail-oriented and thorough
• Clear and concise oral and written communication skills; ability to lead meetings and tailor messages to various audiences.
• Strong analytical, critical thinking and problem-solving skills with ability to organize and gather facts, navigate through ambiguous or complex issues, draw conclusions, and influence desired outcomes.
• Knowledge of regulations and/or guidelines relating to third-party and FinTech oversight and enterprise risk management.
• Ability to organize workload effectively and operate within defined timeframes
• Strong project management and partnering skills.
• Ability to positively influence with or without authority to achieve desired outcomes.
• Balance and manage multiple priorities.

Knowledge of industry best practices.

EDUCATION/EXPERIENCE REQUIREMENTS:

High school diploma or equivalent work experience.

Advanced degree or equivalent experience.

Required Years of Work Experience: 2+ years of third party governance, procurement, compliance, legal, audit, or risk within FinTech and Banking preferred

Salary Range: $55,000 – $70,000 annually

• 401(k)
• 401(k) matching
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday