Coastal Sr. Risk & Control Analyst at Coastal leads and supports oversight of Fintech Partner audits related to the BaaS program. The role involves risk assessments, audit scheduling, and collaboration with internal and external stakeholders.
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.
Qualification
Communicates with impactAttention to detail and accuracy a mustCooperative and professional attitudeEDUCATION/EXPERIENCEHOW YOU’LL THRIVE AT COASTAL
Required
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.
