What are the responsibilities and job description for the Due Diligence Specialist (Payments and Fintech Partnerships) position at Republic Bank of Chicago?
GENERAL FUNCTION:
Operational oversight of the due diligence approvals, processes, and workflow within the bank’s Payments & FinTech Partnerships division. Perform holistic due diligence reviews of the Partners consistent with bank policy and to ensure regulatory, contractual, and procedural compliance.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Request and review due diligence documentation and prepare summary analysis and risk assessments.
- Researches, analyzes, and presents written information gathered from diverse sources.
- Responsible for performing background operational support duties in relation to new and existing partners.
- Maintain master schedule and recordkeeping for ongoing due diligence reviews ensuring timely completion.
- Conduct periodic file audits to ensure compliance with department procedures.
- Facilitate interdepartmental reviews.
- Identify and implement operational efficiencies or procedural changes as needed.
- Identify and track new regulatory requirements or changes to existing regulatory requirements as related to third party due diligence.
- Special projects as assigned.
Required Skills
- Excellent decision making and analytic skills.
- Ability to make independent decisions and use appropriate judgment.
- Ability to work creatively with strong problem-solving skills.
- Ability to manage multiple responsibilities simultaneously.
- Excellent organizational skills and strong attention to detail.
- Strong oral and written communication skills.
- Proficient use of MS Office Suite of Products (Word, Excel, Power Point, Outlook).
Required Experience
- Bachelor’s Degree in English, Psych/Soc, Liberal Arts, Library Sciences, Business, or equivalent work experience
- Experience in payments, banking, or financial services helpful
Job Type: Full-time
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