Fintech Risk Analyst

Who We Are

Seattle Bank is a locally owned, digitally driven financial institution that provides personal, business and partner banking services. Our experienced team and open API, cloud-based core technology platform, deliver a boutique bank experience for clients with interwoven personal and business financial needs.

Our highly configurable and scalable tech stack also supports partner banking that enables companies to embed banking transactions into their customer online experience. Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company, and the creator of CD Valet, a digital marketplace for Certificates of Deposit.

Position Summary

Seattle Bank’s Fintech Risk Analyst plays a crucial role in identifying, assessing, and mitigating risks within the Partner Banking division of the Bank. They analyze information to detect potential threats and vulnerabilities for fintech partners, ensuring compliance with regulatory standards and safeguarding financial transactions.

They monitor emerging risks and develop strategies to minimize operational, financial, and cyber risks. This role requires a general understanding of compliance, financial services and technological innovations, enabling the analyst to provide insights that protect the integrity and reliability of fintech products and services. The Analyst will collaborate with cross-functional teams.

Additional duties include performing research on state or federal laws. Works closely with the Bank’s credit, processing and servicing teams.

This position is located in our downtown Seattle office and requires full-time, in-person work.

Essential Duties

• Prepare detailed risk assessments that identify risks related to capital, assets, management, earnings, liquidity, sensitivity, compliance, information technology data security, change controls and idiosyncratic risk
• Perform testing of new products and services, or modifications to existing ones, and identify any risks, issues or new requirements that may apply
• Ensure compliance with regulatory requirements and industry standards
• Perform ongoing monitoring of FinTech Partners and provide insights and recommendations for risk mitigation in complete and concise written reports
• Use tools to research state and federal laws
• Update test programs based on emerging risks or new laws
• Communicate with internal stakeholders
• Physically attending work on a set and predictable schedule is an essential function of this job

Requirements

• Due to the collaborative nature of this position, it requires daily in-person work. After a 90-day training period, this position allows for one day of work from home each week. No exceptions will be granted.
• Bachelor’s degree in finance, business or related field, or professional certification and/or equivalent experience
• Minimum 1-3 years of experience in Financial Technology, Regulatory Compliance and/or Risk Management in the financial industry
• Knowledge of federal banking compliance regulations is preferred
• Excellent organizational, prioritization, and time management skills
• Strong verbal, written and interpersonal communication skills
• Cooperative and professional attitude
• Ability to consider complex scenarios involving multiple facets and variables in non-standardized situations.
• Strong critical and creative thinking and analytical skills
• Demonstrated ability to learn quickly and use technology effectively

Seattle Bank Benefits

We’re committed to delivering our promise of peace of mind to our clients and fostering a collaborative, inclusive and supportive workplace for our team members. Our comprehensive benefits program for eligible employees includes:

• Medical/Vision, and Dental insurance
• Life Insurance, Long Term Disability, Voluntary Life
• 401K with Bank contribution, Stock Award, and Incentive Opportunity
• Paid Time Off:
• Vacation – 3 Weeks
• Sick Time – 1 hour per 40 hours worked
• Holidays – 10 days
• Transportation and fitness benefits
• And fun, extra perks such as company social events, paid volunteer hours, quarterly incentive awards, and professional development opportunities.