Risk Analyst

Phaxis; New York (NY); On-site; USD 90,000 - 150,000; Full time

Job summary

Phaxis in New York, NY seeks a Risk Management professional to oversee FinTech risk, governance, and third‑party controls. You will monitor SLAs and performance reports, inform senior management of risk exposures, and ensure regulatory compliance across the portfolio.

Responsibilities include due diligence, remediation tracking, offboarding when needed, SOC lifecycle oversight, and collaboration with cross‑functional teams. Proficiency with Logic Manager and Monday.com is a plus.

Qualifications

• Strong analytical and problem-solving abilities.
• Excellent communication and interpersonal skills.
• Experience with risk management software and tools.
• Familiarity with regulatory compliance standards.
• Ability to manage multiple projects and prioritize tasks.
• Detail-oriented with strong organizational skills.
• Experience conducting risk assessments and due diligence.
• Knowledge of FinTech industry trends and threats.
• Ability to work with cross-functional teams.
• Proficiency with Logic Manager and Monday.com.

Responsibilities

• Manage and review SLAs and performance reports to inform management about FinTech risks.
• Monitor and escalate issues related to FinTechs, focusing on concentration and fourth-party risk exposures.
• Conduct due diligence and risk assessments for FinTechs, identifying trends and threats.
• Maintain comprehensive documentation for FinTechs, including contracts and related third-party documents.
• Oversee FinTech remediation efforts, tracking progress, and managing issues continuously.
• Lead third-party monitoring activities and ensure timely document submission, collaborating with business lines for remediation evaluation, and updating management.
• Manage FinTech termination and offboarding processes when necessary.
• Ensure compliance with regulatory standards and internal risk controls.
• Oversee the Service Organization Control lifecycle, including library and calendar maintenance, and managing departmental oversight on user entity controls.
• Prepare and present materials for Governance, Risk, and Compliance meetings, including the Audit Committee and Board of Directors.
• Support the Director of Risk Management in various risk management processes.
• Administer Logic Manager and Monday.com platforms.
• Communicate deadlines, action plans, and promoting interaction between business lines to mitigate risks.
• Uphold and understand policies relevant to risk management and bank procedures.
• Assist in the optimization of risk management software and departmental processes.
• Participate in FinTech Oversight group meetings.
• Perform additional duties as assigned by the Director of Risk Management.

Skills

Analytical skills

Communication skills

Risk management software

Regulatory compliance

Project management

Detail-oriented

Due diligence

FinTech trends

Cross-functional collaboration

Logic Manager & Monday.com proficiency

Tools

Logic Manager

Monday.com

Job description

Essential Functions and Responsibilities

The role involves managing and reviewing service level agreements and performance reports to inform business lines and senior management about FinTech risks.

Key responsibilities include:

• Monitoring and escalating issues related to new and existing FinTechs, focusing on concentration and fourth-party risk exposures.
• Conducting due diligence and risk assessments for FinTechs, identifying trends and threats.
• Maintaining comprehensive documentation for FinTechs, including contracts and related third-party documents.
• Overseeing FinTech remediation efforts, tracking progress, and managing issues continuously.
• Leading third-party monitoring activities and ensuring timely document submission, collaborating with business lines for remediation evaluation, and updating management.
• Managing FinTech termination and offboarding processes when necessary.
• Ensuring compliance with regulatory standards and internal risk controls.
• Overseeing the Service Organization Control lifecycle, including library and calendar maintenance, and managing departmental oversight on user entity controls.
• Preparing and presenting materials for Governance, Risk, and Compliance meetings, including the Audit Committee and Board of Directors.
• Supporting the Director of Risk Management in various risk management processes.
• Administering Logic Manager and Monday.com platforms.
• Communicating deadlines, action plans, and promoting interaction between business lines to mitigate risks.
• Upholding and understanding policies relevant to risk management and bank procedures.
• Assisting in the optimization of risk management software and departmental processes.
• Participating in FinTech Oversight group meetings.
• Performing additional duties as assigned by the Director of Risk Management.

Skills Required

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal abilities.
• Proficiency in risk management software and tools.
• Familiarity with regulatory compliance standards.
• Ability to manage multiple projects and prioritize tasks effectively.
• Detail-oriented with strong organizational skills.
• Experience in conducting risk assessments and due diligence.
• Knowledge of FinTech industry trends and threats.
• Ability to work collaboratively with cross-functional teams.
• Proficiency in using platforms like Logic Manager and Monday.com.