Financial Crimes (FCC) Analyst - Partner Oversight at Steel Partners

Salt Lake City, Utah, United States -

Full Time

Start Date

Immediate

Expiry Date

23 Jul, 26

Salary

0.0

Posted On

24 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Crimes Compliance, Due Diligence, Know Your Customer, Bank Secrecy Act, Anti-Money Laundering, OFAC, Fraud Detection, Risk Assessment, Data Analysis, Communication Skills, Audit Support, Regulatory Compliance, Artificial Intelligence Tools, Relationship Management, Project Implementation, Critical Thinking

Industry

Financial Services

Description

About WebBank WebBank is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has originated and funded over $165 billion in consumer and commercial credit products. As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS), and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities, including consumer and commercial loan products, revolving lines of credit, credit cards, private-label card issuance, auto-refinancing, and more. The Bank provides capital in the form of asset-backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary, National Partners. Job Summary The FCC Analyst – Partner Oversight role, supports the FCC Partner Oversight Team by providing due diligence on partner and product implementations as well as providing FCC support and to existing and new WebBank Strategic Partner relationships in the areas of Know Your Customer (KYC), Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC) and Fraud other related areas. Primary Responsibilities (Job Duties) You Will: * Support the FCC Partner Oversight Team in launching new banking partners and new products. * Perform due diligence tasks necessary for partner and product implementation. * Be attuned to spotting risk areas with partners at launch and on an ongoing basis, escalating to FCC leadership as necessary. * Support the execution of product risk assessments. * Review, assess and make recommendations on partners’ financial crimes compliance programs. * Support effective management of issues identified by the partner, the bank or other. * Perform testing of various FCC components of partner programs or support the execution of such tests. * Support audit requests, initiatives and execution of audit, exam and other enhancement opportunities, observations, findings etc. * Establish and maintain a good working relationship with internal and external partners. * Communicate with partners to successfully accomplish objectives portraying knowledge and confidence. * Stay abreast of sponsor bank / fintech partner trends and industry guidance. * Attend site visits of assigned partners ensure action items are executed timely. * Maintain FCC tracking mechanisms. * Complete assigned trainings timely. Company Perks: You Get: * Paid Time Off (PTO) - Generous paid time off plus paid parental leave * Health insurance – Plans include an employer-paid medical option, dental and vision coverage, plus we offer health savings accounts * 401(k) – WebBank matches up to the first 6 percent of employee contributions, and both the employee’s contributions and WebBank’s match are fully vested immediately * Life and Disability Insurance – Life insurance and long and short-term disability insurance plans are 100% employer-paid * Tuition Reimbursement – WebBank provides reimbursement for classes needed to obtain certain degrees, up to $5,250 per academic year Qualifications Qualifications You Have: * 2+ years financial crimes compliance at a financial institution with due diligence experience, know your customer and customer identification program experience a plus. * Working knowledge of applicable BSA/CFT/Sanctions/Fraud laws, regulations, guidance etc. * Ability to analyze datasets quickly. * Strong verbal and written communication skills. * Ability to demonstrate sound judgment. * Ability to interface effectively with other departments and operate in a fast-paced environment. * Outstanding initiative, attention to detail and organizational skills required. * Ability to recognize and focus on critical issues. * Flexibility to balance and respond to competing needs within the organization. * Solid working knowledge of artificial intelligence tools, computer systems and software. * Outstanding initiative, communication skills (verbal and written), attention to detail and organizational skills. * Ability to work additional hours and/or travel as needed. * Travel Requirements up to 25%. Even Better: * Sponsor Bank / fintech work history * Enhanced due diligence * Watchlist screening * Independent audit * AML and OFAC risk assessments * Customer risk rating * Process improvement initiatives * Advanced experience in artificial intelligence tooling * Vendor solutions in KYC, Transaction Monitoring, Case Management or OFAC

Responsibilities

The FCC Analyst supports the Partner Oversight Team by performing due diligence on new and existing strategic partners to ensure compliance with KYC, BSA, AML, and OFAC regulations. They are responsible for executing risk assessments, monitoring partner programs, and supporting audit initiatives to mitigate financial crime risks.