Fintech Risk Analyst

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🔥 2 hours ago

🗽 New York – Remote

🗽 New York – Remote

⏰ Full Time

🟡 Mid-level

🟠 Senior

🎲 Risk

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Grasshopper Bank

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 2020

🏦 Banking

💳 Fintech

🔌 API

Banking • Fintech • API

Grasshopper Bank is a digital-first bank focused on providing innovative financial solutions for small businesses, startups, and venture capital firms. They offer a wide range of banking services including small business checking and savings accounts, startup banking, and lending options such as SBA and venture capital lending. In addition, they provide embedded finance and API banking solutions, showcasing their expertise in fintech and digital finance. Grasshopper Bank focuses on secure and flexible operating accounts, as well as treasury management tools designed to help businesses and firms manage their finances effectively. With a strong emphasis on digital banking, they offer powerful online tools to facilitate bookkeeping, cash flow management, and payment processing for their clients.

📋 Description

• Reporting into the Director of Fintech Risk, we are seeking a motivated Fintech Risk Analyst who will contribute to and support a strong risk management culture in working with existing and prospective Fintech partners and business leaders across the organization. • Serve as an individual contributor across the Bank’s BaaS portfolio to effectively identify, manage, and remediate risks • Ongoing collaboration with various teams, including BSA, Embedded Finance, Operations, and Product, and external third party banking technology platforms • Perform due diligence risk assessment on prospective fintech partners to assess inherent risk, control effectiveness, and residual risks associated with partnership. Present risk assessment results to senior management for review and approval prior to onboarding • Track pre and post-launch risk and compliance requirements for newly onboarded partners • Conduct ongoing testing, monitoring, and quality assurance activities for onboarded partners to ensure adherence to Bank policy and regulatory requirements. Track identified issues to remediation • Serve as primary risk/compliance contact for specific fintech partners, offering expert advice and direction to ensure their programs comply with applicable regulations and align to Bank requirements, especially those related to financial crimes (BSA/AML, OFAC, fraud) and regulatory compliance (account opening, account maintenance and disclosures, bank statements, funds availability, etc.) • Support the maintenance of a prioritized roadmap to address gaps and improve control design and testing practices • Participate in relevant team and cross-functional meetings as required

🎯 Requirements

• At least 3-5 years of experience in banking or fintech risk management and compliance • Demonstrated experience with financial crimes compliance (BSA/AML, OFAC watchlists and sanctions) • Working knowledge across essential banking compliance areas, including UDAAP, payment network rules (NACHA, VISA/Mastercard, FedNow/TCH RTP), core commercial or consumer compliance regulations (e.g., Reg E, Reg Z, Reg DD, Reg CC, ECOA, FCRA), and/or data privacy regulations (GLBA, FCRA, state laws) • Experience in Third-Party Risk Management (TPRM) and related interagency guidance (e.g., OCC, FDIC, FRB) • Proficient technical knowledge in financial technology and payments is preferred • Strong critical thinking traits, including analytical, problem-solving, and decision-making capabilities • Ability to develop and maintain reporting, dashboards and presentations preferred • Strong team orientation and ability to collaborate effectively • Ability to think outside of the box to develop creative solutions to emerging problems • A Bachelor’s degree or equivalent relevant work experience.