Address
Form of workGENERAL FUNCTION:
Function as the first line of defense and quality control within the bank's Payments & Fintech Partnership team by
working with partners to complete comprehensive reviews, quality assurance testing, reporting and due diligence.
Assist in the product research, oversight, and departmental operations for the Partner activities. Collaborate with
Issuing/Acquiring/BaaS Program Manager(s) to assist in the day-to-day oversight of their programs. Perform holistic
due diligence reviews of third and fourth-party vendors, distributors, merchants, and program managers consistent
with bank policy and to ensure regulatory, contractual, and procedural compliance. Ideal candidates will have
experience in payments, due diligence, audit, product development, finance, and/or program management.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
• Request and review due diligence documentation, prepare summary analysis, and risk assessments for third party
product partners.
• Work closely with product owners and bank compliance team to develop comprehensive quality control reviews
to reduce risks and promote operational efficiency.
• Monitor, review, and test compliance with all applicable consumer laws and regulations impacting all third-party
payment products.
• Prepare quality review reports and work closely with the product owners and third-party partners to track
resolution of risk remediation efforts.
• Review all complaints received by the bank or its partners related to third-party payment products, collecting,
and analyzing relevant facts and creating draft responses.
• Monitor and track corrective actions required as a result of internal, external or partner audits and reviews.
• Maintain master schedule and recordkeeping for ongoing due diligence reviews ensuring timely completion.
• Maintain master schedule for updates to department policies, risk assessments procedures.
• Help in the facilitation and coordination of bank internal audits and risk assessments as well outside regulatory
examinations and audits.
• Conduct periodic file audits to ensure compliance with department procedures.
• Coordinate documentation requests from bank's vendor management department.
• Facilitate interdepartmental reviews as required by policy.
• Identify and track new regulatory requirements or changes to existing regulatory requirements as related to third
party due diligence.
• Other duties as assigned.
Required Skills
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
• Ability to manage deadlines, be organized, detail-oriented, and complete responsibilities with a high degree of
accuracy.
• Must have a high degree of critical analytical skills, customer service, and communication skills, both verbal
and written.
• Ability to make independent decisions and use appropriate judgment.
• Ability to work creatively with strong problem-solving skills.
• Ability to manage multiple responsibilities simultaneously.
• Excellent organizational skills and strong attention to detail.
• Strong understanding of bank operations as it relates to the flow of funds through financial institutions, high risk
business entities, and the inherently higher risk due to bank for third-party relationships.
• Proficient use of MS Office Suite of Products (Word, Excel, Power Point, Outlook).
Required Experience
EDUCATION and/or EXPERIENCE:
• Bachelor's Degree in related field - Business, Economics, or equivalent experience
• 5+ years work-related experience, preferably in payments, banking, or financial services
• Audit, due diligence, compliance, BSA/AML, or risk analysis experience required
• 5+ years program management, product implementation or related experience, preferably in payments, treasury
management, banking, financial services, or fintech
ADDITIONAL RESPONSIBILITIES:
• Every employee of Republic Bank is responsible for knowing and practicing Bank Secrecy Laws
(AMUCIP/SAR/CTR/OFAC), the USA Patriot Act, and other related regulations as they relate to their specific
job function.
• Training will be provided during your Introductory Period and annually thereafter. If you need additional
training, you are responsible for contacting your immediate supervisor.
WORKING CONDITIONS:
• Travel up to 10%.
• Normal office environment with little exposure to dust, noise, temperature, and the like.
• Requires manual dexterity sufficient enough to operate offices machines such as computers, fax machines,
calculators, telephones, and other office equipment.
• Extended viewing of CRT or LCD screen.
• Moderate lifting up to 50 pounds.
• Repetitive hand and arm movement.
• May require excessive sitting, standing, bending, and reaching.
• Normal range of hearing and vision.
• Must have reliable transportation
