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