Sr. Risk & Control Analyst

ABOUT US

Coastal is at the forefront of modern banking, combining strong financial infrastructure with cutting-edge Banking-as-a-Service (BaaS) and fintech enablement strategies. We support not only individuals with their personal banking needs; we also empower businesses by integrating modern banking technology that drives growth, flexibility, and innovation.

At Coastal, we think and move like entrepreneurs; focused on impact, speed, and continuous improvement. We believe in working smart, collaborating deeply, and building solutions that unlock real potential. If you're someone who thrives in a fast-moving environment, loves solving complex problems, and wants to help shape the future of banking, we’d love to meet you.

Check out our video here https://www.youtube.com/watch?v=UCWaDxFnla8&ab_channel=CoastalCommunityBank!

OVERVIEW

As the Risk & Control Analyst III, you will be responsible for leading and supporting the oversight of Fintech Partner audits related to the BaaS program, including assisting with the creation of risk assessments, scoping, and audit schedule planning, as well as support and tracking throughout the audit lifecycle. Working closely with the BaaS Risk & Control Manager, you will collaborate with internal Subject Matter Experts, Partners, and the Partner’s Internal Audit or External Audit firm, ensure Partner Audit program requirements are met. Using a risk-based approach, the Lead Risk & Control Analyst assists and supports the BaaS Risk & Controls Program, collaborating with internal SMEs and Partners to ensure audits, scoping, reports, and remediation efforts meet all program requirements.

***Role is budgeted for $82,678-$90,000***

RESPONSIBILITIES TO INCLUDE

• Assist in developing processes to enhance BaaS Risk & Controls Program.

• Assist in creating and maintaining Partner Audit Risk assessments, focusing on key risks of the Partner and BaaS services.

• Facilitate Partner audits with external audit firms, Fintech Partners and Internal Audit, as needed.

• Coordinate scheduling Partner audits with audit firms and Fintech partners to ensure timely engagement and completion.

• Partner with internal Subject Matter Experts to ensure Partner Audits address key risk to the BaaS program.

• Assist in evaluating and updating Partner audit scopes for all required audits, including BSA, General Compliance, IT General Controls, IT Security Assessments, Deposit and Lending Compliance, and Operational audits.

• Assist in reviewing Partner engagement letters and audit reports to ensure scoping requirements were met and properly tested.

• Assist in reviewing audit findings and remediation plans to ensure key risks are addressed timely and appropriately.

• Assist in analysis of audit risk trends across all Partners to identify improvement opportunities to the CCBX program.

• Coordinate and assist in oversight audits, tracking any findings to remediation.

• Assist in training department staff to further their skills and expertise.

• Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, OFAC, Regulation E, Truth in Savings Act and Unfair, Deceptive or Abusive Acts or Practices (UDAAP), Truth in Lending, Equal Credit Opportunity Act.

• Follow and comply with all regulatory and compliance regulations.

• Make recommendations to the Risk & Controls Manager when and where appropriate.

QUALIFICATIONS

• Knowledge and understanding of FinTech with a strong technical background.

• Communicates with impact, able to state risks and issues concisely and articulates impact in a structured manner both verbally and written.

• Understanding of regulatory compliance and FFIEC requirements is desired.

• Strong analytical skills necessary to review audit programs, work papers, and reports to determine adequacy.

• Ability to effectively present information and respond to questions from management and emplo