Varo Bank · 1 day ago
Sr. Risk Analyst
United States
Full-time
Remote
Mid, Senior Level
$75K/yr - $105K/yr
3+ years exp
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Responsibilities
Enhance Varo’s Third-Party Risk Management Framework to ensure it meets regulatory expectations and Varo’s risk appetite
Define and meet SLA expectations for Third Party Risk Assessments, vendor onboarding, proof of concept periods, and retirement
Oversee the implementation and adherence to Varo’s policy and procedures regarding third-party risk management, including training internal departments on requirements and managing third-party service providers/vendors on an ongoing basis
Enhance fourth-party oversight including the performance of risk assessments and identification of controls
Collaborate with internal stakeholders to establish and maintain a comprehensive inventory of third-party relationships, applications, and associated risks
Work closely with all Varo departments and internal risk groups that are seeking third-party services/vendor relationships to ensure that appropriate risk assessment and due diligence are conducted for any new third-party service
Prepare and present comprehensive reports and recommendations to senior management regarding third-party risk exposures and mitigation strategies through performance assessments
Track compliance with Varo’s third-party policies and procedures, analyze and report on any gaps, and provide recommendations for remediation of such gaps
Support the enhancement of the Governance Risk and Compliance third-party risk management platform covering the life cycle of third-party relationships including on-boarding/off-boarding of third parties and management of proof of concept periods
Qualification
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Required
3-5 years of third-party risk management experience with a financial institution, a fintech company, or a provider to the financial services business sector
Risk assessment and due diligence experience with a particular focus on identifying risks and identifying and implementing solutions to remediate these gaps
Ability to conduct and report on testing of applicable controls that are in place regarding third-party service providers
Experience designing systems and workflows that support effective prioritization of monitoring Third Parties and work for the team
Experience assisting with a continually evolving risk-based monitoring program with a focus on automation and scalability
Experience working within a diverse environment with a wide range of cross-functional stakeholders
Experience managing multiple projects in a fast-paced, high-volume environment
Familiarity in dealing with regulators, particularly OCC, FDIC, and Federal Reserve Board examiners
Previous experience reporting to senior management, the Board, and/or Committees of the Board on the status of third-party risk management efforts
Experience with RSA Archer or similar GRC tool
Preferred
CTPRP and/or CRISC certifications are highly preferred
Company
Varo Bank
Varo is an entirely new kind of bank. All digital, mission driven, FDIC insured and designed for the way our customers live their lives.
501-1,000 employees
H1B Sponsorship
Varo Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (15)
2022 (26)
2021 (23)
Funding
Current Stage
Late StageLeadership Team
Colin Walsh
Founder and CEO
Max Doerfler
Chief of Staff to CEO
Recent News
2024-01-24
2023-12-23
2023-09-13
Company data provided by crunchbase
