Sr. Risk & Control Analyst

ABOUT US

Coastal is at the forefront of modern banking, combining strong financial infrastructure with cutting-edge Banking-as-a-Service (BaaS) and fintech enablement strategies. We support not only individuals with their personal banking needs; we also empower businesses by integrating modern banking technology that drives growth, flexibility, and innovation.

At Coastal, we think and move like entrepreneurs; focused on impact, speed, and continuous improvement. We believe in working smart, collaborating deeply, and building solutions that unlock real potential. If you're someone who thrives in a fast-moving environment, loves solving complex problems, and wants to help shape the future of banking, we’d love to meet you.

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OVERVIEW

As the Risk & Control Analyst III, you will be responsible for leading and supporting the oversight of Fintech Partner audits related to the BaaS program, including assisting with the creation of risk assessments, scoping, and audit schedule planning, as well as support and tracking throughout the audit lifecycle. Working closely with the BaaS Risk & Control Manager, you will collaborate with internal Subject Matter Experts, Partners, and the Partner’s Internal Audit or External Audit firm, ensure Partner Audit program requirements are met. Using a risk-based approach, the Lead Risk & Control Analyst assists and supports the BaaS Risk & Controls Program, collaborating with internal SMEs and Partners to ensure audits, scoping, reports, and remediation efforts meet all program requirements.

Note:

• The salary range of $82,678 - $96,457 is posted for compliance reasons. However, we will not be hiring above $90K.

RESPONSIBILITIES TO INCLUDE

• Assist in developing processes to enhance BaaS Risk & Controls Program.

• Assist in creating and maintaining Partner Audit Risk assessments, focusing on key risks of the Partner and BaaS services.

• Facilitate Partner audits with external audit firms, Fintech Partners and Internal Audit, as needed.

• Coordinate scheduling Partner audits with audit firms and Fintech partners to ensure timely engagement and completion.

• Partner with internal Subject Matter Experts to ensure Partner Audits address key risk to the BaaS program.

• Assist in evaluating and updating Partner audit scopes for all required audits, including BSA, General Compliance, IT General Controls, IT Security Assessments, Deposit and Lending Compliance, and Operational audits.

• Assist in reviewing Partner engagement letters and audit reports to ensure scoping requirements were met and properly tested.

• Assist in reviewing audit findings and remediation plans to ensure key risks are addressed timely and appropriately.

• Assist in analysis of audit risk trends across all Partners to identify improvement opportunities to the CCBX program.

• Coordinate and assist in oversight audits, tracking any findings to remediation.

• Assist in training department staff to further their skills and expertise.

• Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, OFAC, Regulation E, Truth in Savings Act and Unfair, Deceptive or Abusive Acts or Practices (UDAAP), Truth in Lending, Equal Credit Opportunity Act.

• Follow and comply with all regulatory and compliance regulations.

• Make recommendations to the Risk & Controls Manager when and where appropriate.

QUALIFICATIONS

• Knowledge and understanding of FinTech with a strong technical background.

• Communicates with impact, able to state risks and issues concisely and articulates impact in a structured manner both verbally and written.

• Understanding of regulatory compliance and FFIEC requirements is desired.

• Strong analytical skills necessary to review audit programs, work papers, and reports to determine adequacy.

• Ability to effectively present information and respond to questions from management and employees.

• Ability to organize and prioritize multiple projects while meeting deadlines with minimal direct supervision.

• Attention to detail and accuracy a must.

• Cooperative and professional attitude.

• Ability to effectively present information and respond to questions from management, affected departments and our BaaS Partners.

EDUCATION/EXPERIENCE

• Bachelor’s Degree and/or equivalent related experience with 5+ years relevant bank Internal Audit and/or IT Risk and Controls experience.

HOW YOU’LL THRIVE AT COASTAL

• Be the Best – Communicate effectively, pay close attention to detail, and prioritize your personal development.

• Be Relentless – Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference.

• Be Un-Bankey – Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust.

• Embrace Gray Thinking – Use sound judgment while decision-making and problem-solving. Think outside the box.

• Stay Flexible – Organize and strategize effectively while always being prepared to adapt on the fly. Seek efficiencies for Coastal to work smarter, not harder.

• Take Care of Each Other – Understand what it means to be a true team player and have your teammate's back. Practice self-awareness and build your emotional intelligence.

BEING YOU AT COASTAL

Coastal is an equal opportunity employer. We are committed to providing a workplace free from discrimination and harassment. All employment decisions are based on merit, qualifications, and business needs. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, veteran status, or any other protected status under applicable laws.

BENEFITS WE OFFER

We’re proud to offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance. Our offerings include:

• Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle.

• Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions.

• Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses to help you save on out-of-pocket costs.

• Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly.

• Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents.

• Long-Term /Short-Term Disability (LTD): Income protection in the event of a long-term illness or injury.

• Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most.

• 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future.

• Paid Time Off: Generous vacation and sick leave policies to support your time away from work.

• Holidays: Enjoy 11 paid holidays throughout the year.

Check out our benefits on our careers site!!

PHYSICAL DEMANDS

The physical demands described below are required to perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee must be able to:

• Sit for extended periods of time.

• Stand for extended periods of time.

• Perform repetitive finger, hand, and arm movement.

• Use electronic office equipment such as a computer keyboard, mouse, ten key, telephone, etc.

• View and read computer screens for extended periods.

• Occasionally stoop, kneel, crouch, or crawl.

• Occasionally lift or move up to 10 pounds.

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.