Correspondent Banking Compliance

🔥 15 hours ago

🏄 California – Remote

🏄 California – Remote

⏰ Full Time

🟡 Mid-level

🟠 Senior

🚔 Compliance

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Column

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 2020

🏦 Banking

💳 Fintech

☁️ SaaS

Banking • Fintech • SaaS

Column is a developer-centric bank that provides infrastructure and banking services specifically designed for developers and builders. It is the only nationally chartered bank in the United States tailored for enabling developers to create new financial products. With a focus on offering financial services as code, Column bypasses legacy systems and middleware to provide direct, fast, and flexible banking solutions through an API-first approach. These services include ACH and wire transfers, programmable bank accounts, card program management, and lending solutions. Column connects directly to the Federal Reserve, offering developers unmatched access to money movement, banking infrastructure, and financial services that are typically out of reach, with a strong emphasis on compliance and real-time transactions.

📋 Description

• Execute a comprehensive onboarding framework: • Enhance existing procedures, requirements, and processes for onboarding correspondent banks globally • Run the diligence process for new countries and be responsible for mapping all geo-specific risks, writing country risk assessments, and designing rules and systems to detect and monitor these risks. • Execute the onboarding process for new correspondent bank partners according to the framework, policies, and procedures developed. • Lead the periodic review process for partner banks. • Support ongoing monitoring: • Partner with other Compliance and Risk stakeholders to refine and execute ongoing monitoring expectations for correspondent banking relationships, including periodic reviews, trigger events, and escalation criteria • Support business development conversations: • Be a partner to our Go-to-Market (GTM) team as they build relationships and sell to prospective banks. • Help our GTM evaluate good target customers. • Educate prospective customers on what it’s like to work with Column and our risk and compliance teams. • Support new product build out: • Work closely with GTM and Business teams to coordinate product rollouts and navigate regional risks. • Provide clear guardrails and discovery guidance to streamline customer engagement. • Create and deliver customer-facing documentation, ensuring clarity and compliance (e.g., requirements for bank customers).

🎯 Requirements

• 6-8+ years of regulatory, compliance or risk management experience with a focus on international financial activity. Previous correspondent banking experience is ideal but not required. • Ability to build and operational policies, procedures, and workflows • Strong familiarity with underwriting geographic and political risks • Exceptional communication skills, with the ability to create detailed, clear documentation for a diverse range of stakeholders • Ability to jump into new situations and quickly solve problems, with an eye towards architecting solutions that will scale • Hyper-organized approach to project management, including coordinating efforts across multiple teams; comfort juggling multiple projects and priorities is critical • Scrappy, roll-up-your-sleeves attitude - we thrive because we work harder, are more creative, and have zero ego when it comes to getting our hands dirty to build a business • Ability to travel frequently • If you are not located in San Francisco we expect a monthly trip in the first six months and five times a year going forward. • Heavy international travel to client and prospective banks.

🏖️ Benefits

• 🏥 Comprehensive health, dental, and vision plans, including options that are 100% covered by Column for you and 100% covered for your dependents! • 🐣 Comprehensive family planning and fertility benefits via partnership with Carrot, including reimbursement of up to $20,000 in qualified expenses • 🏡 Up to $2,000 (post-tax) monthly rent subsidy for employees living within 2 miles of Column’s office • 💳 FSA and HSA account options to enable use of pre-tax money for medical and dependent care expenses • 📈 401k plan, including self-directed brokerage options • 🌴 Flexible time-off policy - take the time off that you want and need to relax and recharge • 👶 100% paid parental leave, including 16 weeks for birth mothers, 12 weeks for primary caregivers, and 8 weeks for secondary caregivers • 😇 Up to $4,500 in annual reimbursements for backup childcare • 🍽️ Catered lunches and dinners for SF employees • 🚆 Commuter benefits, including paid transportation to-and-from the office • 🎉 Regular team building events, including annual offsite