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CFSB · 5 months ago

Sr. Associate, Third-Party Financial Risk & Due Diligence

New York, NY, US

Full-time

Onsite

Mid, Senior Level

$110K/yr - $120K/yr

4+ years exp

CFSB is a leading fintech-focused bank committed to maintaining the highest standards of corporate governance and ethics. The Sr. Associate, Third-Party Financial Risk & Due Diligence will assess the risk and compliance of third-party relationships by evaluating their business operations and financial performance, ensuring alignment with the Bank's Strategic Plan and Risk Appetite Statement.

BankingCommunitiesFinancial ServicesLending

Responsibilities

Conducting comprehensive financial due diligence reviews of the Bank’s existing or prospective third parties by identifying and evaluating financial risks through detailed analyses of financial statements and cash flows, benchmarking against industry standards, performing going concern assessments, and assessing third parties’ ability to repay annual debt service

Analyze detailed financial statements information including income statement, balance sheet, cash flow statement, key performance indicators, and operational data

Conduct in-depth financial analytics and synthesize information into actionable insights to facilitate discussions with the Bank Committee

Evaluating key financial metrics and accurately assigning risk ratings in accordance with the Bank’s financial risk assessment methodology

Manage collaboration with the Bank’s external stakeholders regarding any identified or escalated key financial issues, determining the need for more thorough investigation or additional information required

Manage collaboration with the Bank’s Third-Party Governance & Oversight team to develop third-party remediation plans and evaluate the status of remediation efforts for compliance

Collaborate with the Bank’s Third-Party Governance & Oversight team and manage ongoing monitoring of financial risks associated with third-party relationships. This includes timely identification of emerging financial risks to facilitate appropriate risk management, ensuring compliance to Third-Party agreements and minimizing potential financial losses

Provide oversight into the financial positions of the Bank’s third-party relationships, including conducting annual reviews and preparing interim update memos for the Third-Party Oversight Committee, among other responsibilities

Assist in preparing reporting data on the status of third-party due diligence reviews, identified conditions within third-party relationships and other relevant information to the Bank Committee

Qualification

Financial statement analysisFinancial modelingUS GAAP knowledgeFinancial risk assessmentFinTech industry experienceAnalytical abilitiesMicrosoft Office SuiteAccounting processesCommunication skillsInterpersonal skillsTeam collaboration