Partner Diligence

Job not on LinkedIn

April 25

🏄 California – Remote

Although this job is listed in California, this company may be open to hiring remote in other states.

💵 $160k - $250k / year

⏰ Full Time

🟠 Senior

🔴 Lead

🪙 Affiliate Manager

🦅 H1B Visa Sponsor

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Column

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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.

51 - 200 employees

Founded 2020

🏦 Banking

💳 Fintech

☁️ SaaS

📋 Description

• Partner closely with the business, finance, other risk leads, legal, compliance, and regulatory affairs in the ongoing execution of the Third-Party Risk Management Framework • End-to-end ownership for the risk management of third-party partner onboarding, including risk identification, due diligence, risk assessment, and control review • Extensive diligence and review of a prospective partner’s policies, procedures, customer agreements, TOS, audit reports, marketing materials, and disclosures The diligence process will include working closely with clients’/partners’ compliance teams to understand, evaluate, assess, and document their internal compliance controls • Advise on applicable compliance risks and related severity, appropriate internal controls, risk and issue identification, root cause analysis and remediation, and risk reporting and escalation • Develop corrective actions, where required, to ensure timely remediation by prospective partners of any open issues before launch • Develop compliance requirements and ongoing monitoring and reporting standards for Column’s oversight of each partner once live • Assess third-party risks in the context of the applicable risk appetite and related limits and thresholds • Play a key role in an effective governance program, including appropriate Third-Party Risk related committees, policies, procedures, and reporting

🎯 Requirements

• 10+ years of regulatory compliance experience in regulated financial services, including experience evaluating compliance programs • Familiarity with the fintech-banking partnership model, and key risks and risk mitigation strategies relevant to the partnership model • Willingness to roll up your sleeves and do the legwork one day, and set strategy the next. You are scrappy, strategic, humble, and have a deep level of subject-matter expertise and intellectual rigor • Deep understanding of commercial banking products, relevant requirements, and product-specific risks (e.g., lending, deposits, cross-border payments, etc.) • Fluency with key regulations, including those addressing Fair Lending, Privacy, Funds Availability, Truth in Lending, Electronic Funds Transfers, NACHA, E-Sign, UDAAP, and Prepaid Access • Experience presenting to senior management, the Board, and with regulators • Strong communication skills, both verbal and written • Basic familiarity with BSA/AML and OFAC requirements preferred

🏖️ 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 • 💳 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 • 🍽️ Catered lunches and dinners for SF employees • 🚆 Commuter benefits • 🎉 Regular team building events, including annual offsite