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Column · 1 day ago

Partner Diligence

San Francisco, CA

Full-time

Onsite

Senior Level, Lead/Staff

$160K/yr - $250K/yr

10+ years exp

Column is a bank and software company focused on simplifying financial technology and banking solutions. The Partner Diligence role involves managing the diligence and risk assessment of fintech partners, ensuring compliance with evolving regulatory standards while influencing the strategic direction and growth of the partnership business.

AppsDeveloper PlatformFinanceFinancial ServicesSoftware

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 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

Qualification

Regulatory compliance experienceFintech-banking partnership modelCommercial banking productsKey regulations knowledgeRisk management frameworkCommunication skillsPresentation skillsProblem-solving skills

Required

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