Partner Diligence

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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
• 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

Responsibilities:

• 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
• 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