Senior Partner Risk Officer

This is a fully remote position, open to applicants in Alabama, +13 more states.

📋 Description

• Conduct initial and ongoing due diligence on sponsored ISOs, PayFacs, and acquiring partners.

• Recognize inherent risks within the risk taxonomy.

• Evaluate operational controls of ISOs, merchant underwriting practices, and portfolio composition according to a specified review cycle.

• Assess partner compliance with Bank policies, card brand regulations, and relevant legal requirements.

• Maintain the Bank's Partner risk and control register.

• Execute ongoing monitoring and oversight activities.

• Keep track of review schedules, findings, remediation commitments, documentation, and oversight status for all sponsored entities.

• Develop, track, and report on critical Partner performance and risk indicators.

• Serve as a liaison with banking Partners during risk management oversight activities.

• Lead discussions related to risk escalation.

• Coordinate requests for internal and external examinations and manage the delivery of results.

• Report significant findings, control weaknesses, or breaches of contractual compliance to the Senior Manager.

• Assist with the tracking of subsequent remediation efforts.

⛳️ Requirements

• Bachelor’s degree in Business or a related field, or equivalent professional experience.

• 5-10 years of experience in a risk management capacity, including third-party risk management (TPRM), ISO/vendor oversight, and regulatory compliance monitoring/testing/oversight in financial services.

• Solid understanding and experience in applying risk management frameworks within a BaaS banking context and/or merchant acquiring sponsor banking.

• Experience in evaluating operational controls, compliance metrics, and partner due diligence documentation.

• Proven background in ecommerce risk management.

• Knowledge of emerging verticals like Nutraceuticals, AI, and high-risk sectors, including CBD and Gambling.

• Strong organizational skills and exceptional attention to detail for maintaining compliance logs and oversight registers.

• Familiarity with ISO sponsorship governance models and general card network regulations.

• Excellent written communication skills to clearly and concisely document assessment findings.

• Capable of lifting over 10 lbs.

• Ability to work Monday through Friday; occasional evening and weekend work may be required.

• Background, credit reference, and drug screening tests are prerequisites for employment.

🏝️ Benefits

• 12 Paid Holidays.

• Generous Paid Time Off.

• 4% Match on our 401(k).

• Medical, Dental, and Vision Benefits.

• 100% Company Paid Life, AD&D Insurance, Short and Long Term Disability.

• Flexibility with work location and hours may be granted if circumstances allow.