Risk Analyst

<p>Essential Functions and Responsibilities</p><p>The role involves managing and reviewing service level agreements and performance reports to inform business lines and senior management about FinTech risks.</p><p><br /></p><p>Key responsibilities include:</p><ul><li>Monitoring and escalating issues related to new and existing FinTechs, focusing on concentration and fourth-party risk exposures.</li><li>Conducting due diligence and risk assessments for FinTechs, identifying trends and threats.</li><li>Maintaining comprehensive documentation for FinTechs, including contracts and related third-party documents.</li><li>Overseeing FinTech remediation efforts, tracking progress, and managing issues continuously.</li><li>Leading third-party monitoring activities and ensuring timely document submission, collaborating with business lines for remediation evaluation, and updating management.</li><li>Managing FinTech termination and offboarding processes when necessary.</li><li>Ensuring compliance with regulatory standards and internal risk controls.</li><li>Overseeing the Service Organization Control lifecycle, including library and calendar maintenance, and managing departmental oversight on user entity controls.</li><li>Preparing and presenting materials for Governance, Risk, and Compliance meetings, including the Audit Committee and Board of Directors.</li><li>Supporting the Director of Risk Management in various risk management processes.</li><li>Administering Logic Manager and Monday.com platforms.</li><li>Communicating deadlines, action plans, and promoting interaction between business lines to mitigate risks.</li><li>Upholding and understanding policies relevant to risk management and bank procedures.</li><li>Assisting in the optimization of risk management software and departmental processes.</li><li>Participating in FinTech Oversight group meetings.</li><li>Performing additional duties as assigned by the Director of Risk Management.</li></ul><p><br /></p><p>Skills Required</p><ul><li>Strong analytical and problem-solving skills.</li><li>Excellent communication and interpersonal abilities.</li><li>Proficiency in risk management software and tools.</li><li>Familiarity with regulatory compliance standards.</li><li>Ability to manage multiple projects and prioritize tasks effectively.</li><li>Detail-oriented with strong organizational skills.</li><li>Experience in conducting risk assessments and due diligence.</li><li>Knowledge of FinTech industry trends and threats.</li><li>Ability to work collaboratively with cross-functional teams.</li><li>Proficiency in using platforms like Logic Manager and Monday.com.</li></ul><p><br /></p>