Fintech Risk Associate

🔥 3 minutes ago

🗽 New York – Remote

🗽 New York – Remote

⏰ Full Time

🟡 Mid-level

🎲 Risk

👻 Ghost score 10%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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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

• Independently execute second-line risk-management activities across the Bank’s Banking-as-a-Service portfolio • Lead risk-based due diligence for prospective fintech partners and present findings and recommendations to senior management • Own pre- and post-launch risk and compliance requirements and ensure launch readiness • Conduct ongoing monitoring, testing, quality assurance, and risk reviews for assigned partners • Track findings and remediation plans to closure, identify emerging risks, and escalate material issues • Improve due diligence, monitoring, testing, and assessment processes and templates • Serve as primary risk and compliance contact for assigned fintech partners • Develop an understanding of partners’ business models, products, customer journeys, technology, operations, controls, and risk profiles • Evaluate proposed products, features, customer journeys, and partnership structures for risk, compliance, control, and operational considerations • Partner with BSA, Embedded Finance, Operations, Product, Legal, Information Security, Compliance, Technology, and other teams • Own cross-functional initiatives from scope through implementation • Maintain roadmaps for control gaps and process improvements and contribute to policies, procedures, reporting, dashboards, presentations, and governance materials • Monitor developments in fintech, payments, lending, and regulation and assess implications for the BaaS portfolio

🎯 Requirements

• Typically 5–8 years of experience in banking, fintech, risk management, compliance, third-party risk management, internal audit, or a related field • Demonstrated ability to independently lead risk assessments, due diligence, monitoring, testing, issue management, or remediation • Strong experience with financial crimes compliance, including BSA/AML, OFAC watchlists and sanctions, and fraud risk • Working knowledge of banking and payments compliance, including UDAAP, NACHA, Visa/Mastercard, FedNow, The Clearing House RTP, Reg E, Reg Z, Reg DD, Reg CC, ECOA, FCRA, GLBA, and applicable state data privacy laws • Experience with Third-Party Risk Management and related interagency guidance from the OCC, FDIC, and Federal Reserve • Knowledge of fintech, payments, embedded finance, BaaS, or lending business models • Experience with Lending-as-a-Service, fintech lending, loan products, or lending-partner risk management is a plus • Ability to manage external relationships, field partner requests, communicate with senior stakeholders, and influence without direct authority • Project-management, analytical, problem-solving, decision-making, risk-escalation, and reporting skills • Experience reviewing or developing risk assessment, monitoring, testing, and reporting templates and processes • Strong judgment, attention to detail, collaboration, creativity, and ability to prioritize competing demands • Bachelor’s degree or equivalent relevant work experience

🏖️ Benefits

• Remote work flexibility • Diversity of thought and perspective • Cross-functional teamwork culture • Opportunities to contribute to banking innovation • Growth and development opportunities through collaboration • Inclusive partnership culture