Fintech Risk Associate

Grasshopper Bank is a client-first digital bank built for the business and innovation economy with an obsession for providing leading-edge technology solutions-driven products and superior service through a combination of passionate people and digital resources.

We are a highly experienced team who pride ourselves on diversity of thought and perspective . Nationally chartered our portfolio of products and services range from VC PE & Portfolio Companies to SBA Lending as well as direct SMB and Embedded Banking.

Our entrepreneurial drive allows us to support the growth and success of a wide range of clients at every stage of their business through inclusive partnership . We seek out team members who will enable both our organization and our people to grow and thrive through collaboration and acting with integrity and respect.

Our focus on cross-functional teamwork provides a culture where ideas are valued accountability is encouraged and successes are celebrated . We welcome all those searching for the opportunity to contribute to banking innovation that influences and supports the emerging digital world of Financial Services.

Our digital first approach enables our teams the flexibility to work remotely. We have offices in NYC and Boston.

What youll do:

Reporting to the Director of Fintech Risk the Fintech Risk Associate will independently execute risk-management activities across Grasshopper Banks Banking-as-a-Service (BaaS) portfolio. This second-line role serves as a trusted risk advisor to business leaders internal stakeholders and fintech partners owning due diligence ongoing monitoring remediation and cross-functional initiatives.

• Lead risk-based due diligence for prospective fintech partners evaluating business model products inherent risk control design and effectiveness residual risk regulatory considerations and operational environment; present findings and recommendations to senior management before onboarding.
• Own pre- and post-launch risk and compliance requirements for new partners tracking commitments and ensuring launch-readiness.
• Conduct ongoing monitoring testing quality assurance and risk reviews for assigned partners; assess adherence to Bank policies regulatory requirements contractual obligations and approved risk tolerances.
• Track findings and remediation plans to closure identify trends and emerging risks and escalate material issues appropriately. Own process enhancements to due diligence monitoring testing and assessment templates to improve consistency efficiency and risk coverage.
• Serve as a primary risk and compliance contact for assigned fintech partners. Build trusted relationships field partner questions and requests coordinate timely responses and provide practical guidance on Bank requirements and applicable regulations.
• Develop a deep understanding of each partners business model products customer journey technology and operations control framework and risk profile.
• Evaluate proposed products features customer journeys and partnership structures for risk compliance control and operational considerations; help enable responsible launches by defining requirements mitigations and approval conditions.
• Partner with BSA Embedded Finance Operations Product Legal Information Security Compliance Technology and other teams to assess risks implement controls and resolve issues.
• Own cross-functional initiatives from scope through implementation managing workplans dependencies stakeholder alignment decisions and outcomes.
• Maintain a prioritized roadmap for control gaps and process improvements; contribute to policies procedures monitoring programs reporting dashboards presentations and governance materials.
• Monitor developments in fintech payments lending and regulation and assess implications for the Banks BaaS portfolio.

What you need:

• Typically 58 years of experience in banking fintech risk management compliance third-party risk management internal audit or a related field with demonstrated ability to independently lead risk assessments due diligence monitoring testing issue management or remediation.
• Strong experience with financial crimes compliance including BSA/AML OFAC watchlists and sanctions and fraud risk.
• Working knowledge of banking and payments compliance including UDAAP; NACHA Visa/Mastercard FedNow and The Clearing House RTP; Reg E Reg Z Reg DD Reg CC ECOA and FCRA; and data privacy requirements such as GLBA FCRA and applicable state laws.
• Experience with Third-Party Risk Management and related interagency guidance from the OCC FDIC and Federal Reserve.
• Knowledge of fintech payments embedded finance BaaS or lending business models; experience with Lending-as-a-Service fintech lending loan products or lending-partner risk management is a plus.
• Demonstrated ability to manage external relationships field partner requests communicate with senior stakeholders and influence without direct authority.
• Proven project-management analytical problem-solving decision-making risk-escalation and reporting skills including experience reviewing or developing risk assessment monitoring testing and reporting templates and processes.
• Strong judgment attention to detail collaboration creativity and ability to prioritize competing demands in an evolving environment.
• Bachelors degree or equivalent relevant work experience.

Required Experience:

IC