Correspondent Banking Compliance

This is a fully remote position, open to applicants in California.

📋 Description

• Implement a thorough onboarding framework.

• Improve current procedures, requirements, and processes for onboarding correspondent banks on a global scale.

• Conduct the due diligence process for new countries, taking responsibility for identifying geo-specific risks, drafting country risk assessments, and developing rules and systems to detect and monitor these risks.

• Carry out the onboarding process for new correspondent bank partners in accordance with the established framework, policies, and procedures.

• Oversee the regular review process for partner banks.

• Facilitate ongoing monitoring:

• Collaborate with other Compliance and Risk stakeholders to refine and implement ongoing monitoring expectations for correspondent banking relationships, including periodic reviews, trigger events, and escalation criteria.

• Assist in business development discussions:

• Act as a partner to our Go-to-Market (GTM) team as they foster relationships and sell to potential banks.

• Aid our GTM in identifying suitable target customers.

• Inform prospective customers about the experience of working with Column and our risk and compliance teams.

• Assist in new product development:

• Work in close coordination with GTM and Business teams to facilitate product rollouts while addressing regional risks.

• Offer clear guidelines and discovery assistance to enhance customer engagement.

• Create and present customer-facing documentation, ensuring clarity and compliance (e.g., requirements for banking clients).

⛳️ Requirements

• 6-8+ years of experience in regulatory, compliance, or risk management with an emphasis on international financial activities. Previous experience in correspondent banking is preferred but not mandatory.

• Capability to develop and implement policies, procedures, and workflows.

• Strong understanding of underwriting geographic and political risks.

• Outstanding communication skills, with the ability to produce detailed, clear documentation for a varied range of stakeholders.

• Ability to adapt to new situations and swiftly resolve issues, focusing on designing scalable solutions.

• Highly organized approach to project management, including coordinating efforts across various teams; comfort in managing multiple projects and priorities is essential.

• Resourceful, hands-on attitude - our success stems from hard work, creativity, and a willingness to tackle challenges without ego.

• Willingness to travel frequently.

• If not located in San Francisco, a monthly trip in the first six months and five trips per year thereafter is expected.

• Significant international travel to clients and potential banking partners.

🏝️ Benefits

• 🏥 Extensive health, dental, and vision plans, including options fully covered by Column for you and your dependents!

• 🐣 Comprehensive family planning and fertility benefits through our partnership with Carrot, offering reimbursement of up to $20,000 for qualified expenses.

• 🏡 Monthly rent subsidy of up to $2,000 (post-tax) for employees residing within 2 miles of Column’s office.

• 💳 FSA and HSA account options, allowing use of pre-tax funds for medical and dependent care expenses.

• 📈 401k plan with self-directed brokerage options.

• 🌴 Flexible time-off policy - take the time off you need to relax and recharge.

• 👶 Fully paid parental leave, including 16 weeks for birth mothers, 12 weeks for primary caregivers, and 8 weeks for secondary caregivers.

• 😇 Up to $4,500 in annual reimbursements for backup childcare.

• 🍽️ Catered lunches and dinners for employees in San Francisco.

• 🚆 Commuter benefits, including paid transportation to and from the office.

• 🎉 Regular team-building events, including an annual offsite.