Risk & Control Analyst III

OVERVIEW

As the Risk & Control Analyst III, you will be responsible for leading and supporting the oversight of Fintech Partner audits related to the BaaS (Banking-as-a-Service) program, including assisting with the creation of risk assessments, scoping, and audit schedule planning, as well as support and tracking throughout the audit lifecycle. Working closely with the BaaS Risk & Control Manager, you will collaborate with internal Subject Matter Experts, Partners, and the Partner’s Internal Audit or External Audit firm, ensure Partner Audit program requirements are met. Using a risk-based approach, the Lead Risk & Control Analyst assists and supports the BaaS Risk & Controls Program, collaborating with internal SMEs and Partners to ensure audits, scoping, reports, and remediation efforts meet all program requirements.

RESPONSIBILITIES TO INCLUDE

• 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.

QUALIFICATIONS

• 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.
• Understanding of regulatory compliance and FFIEC requirements is desired.
• 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.

EDUCATION/EXPERIENCE

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

HOW YOU’LL THRIVE AT COASTAL

• Be the Best – Communicate effectively, pay close attention to detail, and prioritize your personal development.
• Be Relentless – Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference.
• Be Un-Bankey – Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust.
• Embrace Gray Thinking – Use sound judgment while decision-making and problem-solving. Think outside the box.
• Stay Flexible – Organize and strategize effectively while always being prepared to adapt on the fly. Seek efficiencies for Coastal to work smarter, not harder.
• Take Care of Each Other – Understand what it means to be a true team player and have your teammate's back. Practice self-awareness and build your emotional intelligence.