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Third Party Risk Management Analyst

Lead Bank (FKA Luna Financial)

Lead Bank (FKA Luna Financial)

Kansas City, MO, USA
Posted on Friday, May 12, 2023
Lead Bank is a chartered banking-as-a-service platform for builders and innovators. Despite broader economic headwinds, the continued proliferation of fintech companies and a 20x increase in fintech investment ($20.5 billion in 2020) signals that the market’s interest in embedding financial services products into their offerings is resilient and sustainable. Whether it’s a travel company that wants to offer credit for an expensive trip, a social network that wants to enable in-feed shopping solutions, or an ecommerce platform that wants to provide client rewards cards, the broader tech ecosystem has enjoyed a step-change in the sophistication, variety and complexity of client-facing products they can offer. This means that the underlying infrastructure powering those fintechs needs to evolve to meet these modern demands.
While fintech companies continue pushing boundaries, they have largely accepted that directly integrating with banks is costly, time-consuming and operationally burdensome. This frustration comes in many forms: gaps in technical acumen, product scalability, client risk appetite, and company culture. These gaps clearly illustrate the need for a new paradigm in banking technology.
Lead Bank is bridging those gaps. We see a massive opportunity for a tech-savvy developer-focused bank to augment a sophisticated financial services platform with the compliance, regulatory, capital markets, and legal expertise required to help our clients succeed. Come join us on our journey.

What we offer:

  • At Lead, we design our benefits to support company culture and principles, to foster an efficient and inspiring work environment, and to create the conditions for our team to give their best in both work and life
  • Competitive compensation, including opportunities for equity grants and cash bonus, based on experience, geographic location, and role
  • Medical, Dental, Vision, Life, 401k Matching, and other wellness benefits, including FSA, HSA and HRA
  • Paid parental leave
  • Flexible vacation policy, including PTO and paid holidays
  • A fun and challenging team environment in a dynamic industry with ample opportunities for career growth

In this role you will:

  • Maintain third party risk management compliance by collecting, reviewing, and assessing due diligence documentation as required
  • Serve as primary point-of-contact for all new vendor requests and maintain associated tool(s) and registry
  • Perform reviews of the third party risk management/vendor management programs of fintech partners and provide recommendations for improvement
  • Perform ongoing program management for existing vendors and fintech partners by obtaining, maintaining and reporting on any required documentation or metrics
  • Monitor the risk of vendors and bank partners throughout the lifecycle of their affiliation with the Bank by using and updating risk rating materials and tools
  • Prepare reporting of third party activities and actions for management and the board of directors
  • Develop and administer training materials related to third party risk management activities
  • Support Enterprise Risk in other projects, including maintaining risk registers, control documentation, and assisting with risk assessment activities
  • Support fintech partnership team with projects related to onboarding, monitoring and assessment of risk
  • Maintain knowledge of all US banking regulatory and supervisory requirements pertaining to vendor management/third party risk management (i.e. FDIC, FFIEC etc.)
  • Monitor for changing regulatory requirements that may impact third party risk management compliance
  • Participate in cross-functional special projects as directed
  • Build and maintain collaborative business relationships with various departments within the bank
  • Bring a customer-service attitude to both internal employees and external partner and vendor stakeholders
  • Perform all other duties as assigned

Preferred Qualifications:

  • 3-5 years experience in performing third party risk management, vendor management, conducting due diligence and/or risk assessments
  • Strong data entry abilities and proficient working with data management systems (i.e. GRC tools, vendor management systems)
  • Extremely detail oriented and able to confidently communicate with internal and external stakeholders
  • An ability to distill complex issues into solvable and actionable tasks
  • Ability to execute independently and work with team members of all levels
  • Adaptability in an agile and fast-paced environment
  • Knowledge of information security compliance and audit frameworks such as NIST, ISO27XXX, AICPA SOC1/2, etc. is a plus, but not required
*Lead Bank is proud to have an inclusive culture committed to ensuring equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
*Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
*Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
*Our compensation reflects the cost of labor across several US geographic markets. The base pay for this position ranges from $55,000 to $75,000 per year. Pay is based on a number of factors and may vary depending on geographical market location, job-related knowledge, skills, and experience.