Fintech Risk Analyst
Remote
Enterprise Risk /
Remote
Lead is a fintech building banking infrastructure for embedded financial products and services. We operate an FDIC-insured bank headquartered in Kansas City, Missouri. Additionally, we have offices in San Francisco, Sunnyvale, and New York City, where our technical, product, design, and legal teams operate.
We are built for a constantly evolving financial landscape, where new ventures and technological advancements emerge daily. Guided by a team of entrepreneurs and technologists with decades of experience navigating intricate banking and payments regulations, Lead blends regulatory and technological expertise to help our fintech partners scale their operations with compliance and creativity.
Simply put, Lead offers the essential attributes that every fintech seeks in a partner bank. First, unparalleled technical expertise from a distinguished team of developers with an extensive understanding of the banking and payments systems. Second, oversight expertise, automated compliance systems, and bespoke program management to navigate the ever-shifting regulatory landscape. Finally, a commitment to transparency and operational rigor to ensure everyone’s money does what it’s supposed to do.
Role Description: We are seeking a dynamic and creative risk-focused Analyst to join our team and bring strong expertise to managing the risk posed by our Fintech Banking-as-a-Service partners and Payments clients. As the Fintech Risk Analyst, you will work cross-functionally and closely with team members throughout the Bank to execute on various risk programs related to the oversight of Lead’s fintech partners.
In this role you will:
- Support the Enterprise Risk Management oversight of fintech partners including the tracking and overseeing of issues related to fintech partners’ own enterprise risk management programs (third-party risk, model risk management, etc.)
- Successfully complete quantitative and qualitative risk assessments on various aspects of fintech partner programs working across tight deadlines and competing priorities
- Maintain the schedule of all fintech partner risk assessments, and work with stakeholders to ensure timely completion
- Provide credible challenge of the fintech risk assessments performed by other internal stakeholders to ensure adherence to Enterprise Risk’s methodology and standards
- Perform analysis of risks posed by new 4th party vendors and manage the the day-to-day workflow of cross-functional reviews
- Build and maintain the inventory of 4th party vendors, and perform risk assessment and due diligence as necessary
- Perform assessments of fintech partners’ third-party risk management/vendor management programs identifying needed areas of improvement, and work with partners to remediate where applicable
- Maintain the Bank’s inventory of third-party models, particularly those used by fintech partners
- Proactively perform analysis of regulatory statements and guidance which impact fintech partners (i.e. TPRM guidance, consent orders issued by regulators etc.) and maintain an accurate and up-to-date repository of this information
- Ensure approvals on ERM-related requests from partners are granted timely according to pre-defined SLAs and other tight deadlines set internally
- Monitor Key Risk Indicators (KRIs) pertaining to fintech partner risk
- Analyze and prepare reports on risk exposure and trends for senior management
- Assist in the development of risk management policies and procedures
- Remain up-to-date and knowledgeable on the ever-evolving risk landscape across banking-as-a-service and payments
- Execute on numerous in-flight projects simultaneously, involving multiple internal and external stakeholders and deliverables
- Participate in and contribute to other projects and important initiatives both on the Enterprise Risk team, as well as on other teams where applicable
- Maintain knowledge of regulatory guidance and industry best practices for managing the risk of BaaS fintech partner, as well as standard approaches to TPRM/vendor management
- Build and maintain collaborative business relationships internally and with counterparts at Lead’s fintech partners
- Bring a customer-service attitude to both internal employees and external partners
- Occasional travel to Kansas City or other key Lead locations (i.e. SF, NY) as needed
- Perform other duties as assigned
Qualifications:
- 3-5 years of risk management experience (either at a financial institution or a fintech company)
- A deep understanding of risk management activities, including identifying and assessing risks, designing reporting, building controls, assessing control effectiveness and other activities across the risk management life cycle
- Expertise with third-party risk management, particularly with respect to managing risk in the fintech/banking-as-a-service model
- Ability to consistently meet applicable contractual SLAs and internal deadlines
- Adaptability in an agile and fast-paced environment, with an exceptional ability to frequently triage and re-prioritize work based on a rapidly evolving business
- Self-motivated and a self-starter, capable of achieving success with minimal supervision
- Proactively seeks out answers and solutions to problems
- Extremely detail-oriented and able to create high-quality, client- and management-ready materials
- Able to confidently communicate with internal and external stakeholders
- An ability to distill complex issues into solvable and actionable tasks
- Ability to execute independently or work with team members from the front line to senior leadership
What we offer:
- At Lead, we design our benefits to support company culture and principles, to foster an efficient and inspiring work environment, and to create the conditions for our team to give their best in both work and life
- Competitive compensation based on experience, geographic location, and role
- Medical, Dental, Vision, Life, 401k Matching, and other wellness benefits, including FSA, HSA and HRA
- Paid parental leave
- Flexible vacation policy, including PTO and paid holidays
- A fun and challenging team environment in a dynamic industry with ample opportunities for career growth
*Lead Bank is proud to have an inclusive culture committed to ensuring equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
*Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
*Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
*Pursuant to the Los Angeles County Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
**Our compensation reflects the cost of labor across several US geographic markets. Pay is based on a number of factors and may vary depending on geographical market location, job-related knowledge, skills, and experience. These ranges may be modified in the future.
Zone 1: $95,000 - $115,000 (SF/Bay Area, NYC, Seattle)
Zone 2: $92,000 - $103,000 (Los Angeles, Chicago, Austin, Denver, Boston, Washington DC, San Diego, Philadelphia, Portland, Sacramento, Miami)
Zone 3: $65,000 - $77,000 (Other US Metros)
#LI-BC1
