Correspondent Bank Analyst

Job Description

Role & Job purpose

As a Correspondent Bank Analyst, you will play a critical role in ensuring that [Employer hidden] adheres to regulatory and compliance requirements. You will be responsible for onboarding and risk assessing banks and online platforms partnering with [Employer hidden]. This position offers the unique opportunity to influence [Employer hidden]’s mission and establish partnerships that facilitate instant, borderless money for more people.Your mission

[Employer hidden] Platform helps financial institutions and large enterprises leverage [Employer hidden]’s infrastructure to offer their customers world class payments products through their own platforms. [Employer hidden] Platform is a start-up within a scale up.  We’re a cross functional team across sales, account management, product, engineering, compliance, analytics and many other functions. We’re based across the world – from London to Singapore, Austin and beyond. 

Your primary mission will be to onboard banks and online platforms, assessing their compliance policies, producing comprehensive compliance memos to determine partner risk and hand-holding partners through their KYC journey.

Job Responsibilities

Policy and Procedure Review:

• Conduct thorough and detailed due diligence on our banks and online platforms to assess their compliance with regulatory requirements, internal policies, and industry standards.
• Review partners’ documentation, including Know Your Customer (KYC) information, legal agreements, and other relevant materials to ensure accuracy and completeness.
• Document your findings in compliance memos that summarize potential risks.
• Assist in the development and improvement of the compliance onboarding process to enhance efficiency and effectiveness.

Onboarding New Partners:

• Manage the onboarding process for banks and online platforms, ensuring seamless integration with [Employer hidden] Platform.
• Keep abreast of regulatory developments and industry best practices to ensure that the onboarding process aligns with the latest compliance standards.
• Develop and maintain strong relationships with partners to facilitate smooth onboarding and address any compliance-related queries or concerns.

Risk Assessment and Control Recommendations:

• Evaluate and recommend appropriate monitoring controls based on the inherent risks identified during the onboarding process.
• Apply broad industry, operational risk, and regulatory knowledge to drive onboarding excellence

Cross team collaboration:

• Collaborate with internal stakeholders, such as Legal, Risk Management, and Business Development, to obtain necessary information and approvals for client onboarding.
• Act as a SME to senior stakeholders and/or other team members related to Enterprise Due Diligence processes and compliance requirements

Qualifications

Requirements

• Excellent verbal and written English skills (additional language skills are a plus) with the ability to clearly articulate your thoughts.
• A minimum of 2+ years of financial services industry compliance experience, preferably at a bank, trading, payments, or fintech institution
• Skilled in investigation and business notation, specializing in evaluating risk assessments and compliance documentation, able to make decisions based on these
• Proven experience onboarding large enterprises to financial platforms, effectively managing complex organisational structures and processes
• Strong capabilities in documenting business processes and compliance measures with clarity and precision
• Understanding of risk-based approaches and assessments as well as control design and implementation in Risk and Compliance