Full-Time

Compliance & Risk Analyst

Posted on 9/30/2024

Checkbook

Checkbook

11-50 employees

Digital payment platform for businesses

Fintech
Financial Services

Entry

San Mateo, CA, USA

Category
Risk & Compliance
Legal & Compliance
Requirements
  • Working experience with MTL (Money Transfer License / Money Transmitter License)
  • Familiarity with Anti Money Laundering/Bank Secrecy Act
  • Problem solving mindset with a focus on unlocking growth while balancing risk and compliance
Responsibilities
  • Work alongside CEO and Finance Controller to augment compliance with the regulatory framework and any licensure if needed
  • If you have some working experience with MTL (Money Transfer License / Money Transmitter License) that would be great
  • Familiarity with Anti Money Laundering/Bank Secrecy Act
  • Participate and/or lead leadership discussions about areas of focus, with a special eye to risk and compliance
  • Act as point of contact for area of responsibility for other risk areas across the company
  • Keep abreast of upcoming, new and revised rules, regulations and directives applicable to the business, and facilitate changes as required
  • Provide regular reporting on risk assessment developments, engagement planning and status, engagement outcomes, tracking of open issues, themes
  • Train staff and partners on skills that support key capabilities such as risk assessment, substantive and control testing, control design best practices, professional/technical writing, influencing
  • Work with business unit leaders to create and implement mitigation plans to manage identified risks, facilitating collaboration among unit leaders to mitigate risks which originate in one department but impact multiple units
  • Expand the concepts of risk management and IQP to all areas of the company and phases of product lifecycle
  • Ensure consistent application of the integrated Risk Management framework across therapeutic areas
  • Validate policies and procedures for payment services products
  • Work closely with the product teams to build a product that delivers a great user experience whilst also ensuring we meet regulatory requirements and deliver good outcomes for customers/markets
  • Ensure risk management processes for payment services products are robust and occur in a timely manner Identifying regulatory challenges and changes relating to payment services products to ensure these are addressed/implemented in good time
  • Work with key internal and external stakeholders as required
  • Coordinate regulatory exams and internal business unit audits

Checkbook.io provides a digital payment platform that aims to replace traditional paper checks and costly online transactions. The service allows businesses to send and receive payments instantly through email or phone numbers, eliminating the need for physical checks and postage. Users can also make mass payments by uploading CSV files, and the platform integrates with popular accounting software like Sage-Intacct, AccountingSeed, Quickbooks, and Moneypod. One of the key features is that recipients do not need to have a Checkbook account, which simplifies the process for everyone involved. Additionally, Checkbook.io offers live payment tracking through an integrated accounting dashboard, providing transparency and control over transactions. The company charges less than $1 per transaction, making it a more affordable option compared to its competitors. The goal of Checkbook.io is to provide businesses with an efficient and cost-effective payment solution.

Company Stage

Series A

Total Funding

$21.7M

Headquarters

San Mateo, California

Founded

2015

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

11%

2 year growth

36%
Simplify Jobs

Simplify's Take

What believers are saying

  • Checkbook's partnership with Visa enhances instant payment capabilities for businesses.
  • The Disbursement Hub collaboration with Eisen ensures compliance with evolving regulations.
  • Recent $10M Series A funding supports Checkbook's expansion and operational growth.

What critics are saying

  • Intense competition in the digital payment space could impact Checkbook's market share.
  • Regulatory changes may require continuous adaptation and compliance efforts.
  • Reliance on partnerships, like with Visa, may pose risks if collaborations falter.

What makes Checkbook unique

  • Checkbook offers a single API for multiple payment methods, simplifying transactions.
  • The platform supports mass payments via CSV uploads, enhancing efficiency for businesses.
  • Checkbook's white-label functionality allows businesses to maintain brand consistency in payments.

Help us improve and share your feedback! Did you find this helpful?

INACTIVE