Sr. Risk & Control Analyst

Coastal Community Bank•Madison, MS

1d•$82,678 - $96,457

About The Position

As the Risk & Control Analyst III, you will lead and support oversight of Fintech Partner audits related to the BaaS program. This includes assisting with risk assessments, audit scoping and scheduling, and tracking audits throughout their lifecycle. Working closely with the BaaS Risk & Control Manager, you will collaborate with internal subject matter experts, partners, and partner internal or external audit firms to ensure program requirements are met. Using a risk-based approach, you will support the BaaS Risk & Controls Program and help ensure audits, scopes, reports, and remediation efforts meet program requirements. The posted salary range is $82,678–$96,457 for compliance purposes; the company will not hire above $90,000.

Requirements

Bachelor’s degree and/or equivalent related experience.
At least 5 years of relevant bank Internal Audit and/or IT Risk and Controls experience.
Knowledge and understanding of FinTech, with a strong technical background.
Ability to communicate risks and issues concisely and articulate their impact in a structured manner, verbally and in writing.
Strong analytical skills to review audit programs, work papers, and reports and determine their adequacy.
Ability to present information effectively and respond to questions from management, employees, affected departments, and BaaS Partners.
Ability to organize and prioritize multiple projects, meet deadlines, and work with minimal direct supervision.
Attention to detail and accuracy.
Cooperative and professional attitude.
Follow and comply with applicable regulatory and compliance requirements.

Nice To Haves

Understanding of regulatory compliance and FFIEC requirements.

Responsibilities

Assist in developing processes to enhance the BaaS Risk & Controls Program.
Create and maintain Partner Audit risk assessments focused on key partner and BaaS service risks.
Facilitate Partner audits with external audit firms, Fintech Partners, and Internal Audit as needed.
Coordinate Partner audit scheduling with audit firms and Fintech Partners to support timely engagement and completion.
Partner with internal subject matter experts to ensure Partner Audits address key risks to the BaaS program.
Assist in evaluating and updating audit scopes for required audits, including BSA, General Compliance, IT General Controls, IT Security Assessments, Deposit and Lending Compliance, and Operational audits.
Review Partner engagement letters and audit reports to ensure scoping requirements were met and properly tested.
Review audit findings and remediation plans to ensure key risks are addressed appropriately and on time.
Analyze audit risk trends across Partners to identify improvement opportunities for the CCBX program.
Coordinate and assist with oversight audits, tracking findings through remediation.
Assist in training department staff to develop their skills and expertise.
Maintain knowledge of applicable rules and regulations, including BSA, USA PATRIOT Act, OFAC, Regulation E, Truth in Savings Act, UDAAP, Truth in Lending, and Equal Credit Opportunity Act.
Follow and comply with regulatory and compliance requirements.
Make recommendations to the Risk & Controls Manager when appropriate.

Benefits

Three medical plan options.
Health Savings Account (HSA) with eligible medical plans, including employer contributions.
Flexible Spending Accounts (FSA) for healthcare and dependent care expenses.
Dental and vision insurance.
Company-paid basic life insurance, with options to purchase additional coverage.
Long-term and short-term disability coverage.
Supplemental hospital indemnity, accident insurance, and critical illness coverage.
401(k) retirement plan with company matching.
Vacation and sick leave.
11 paid holidays.