Full-Time
Compliance & Risk Analyst
Posted on 12/26/2024
Checkbook
51-200 employees
Digital payment platform for businesses
No salary listed
Junior
San Mateo, CA, USA
- Bachelor’s degree in Computer Science, Engineering, Mathematics, or a related STEM field.
- Proficiency in programming (e.g., Python, Java, or similar languages), data analysis tools, and familiarity with database systems (SQL or NoSQL).
- 1+ years of experience in compliance, risk management, or related fields, with a preference for candidates with technical or data analysis experience.
- Thrive in a fast-paced, evolving environment and handle ambiguity with confidence.
- Strong analytical and investigative skills, with a focus on accuracy and thoroughness.
- Solid understanding of AML/CTF regulations and the ability to translate regulatory requirements into technical solutions.
- Excellent verbal and written communication skills to collaborate across technical and non-technical teams.
- Develop scripts or programs to automate the analysis of customer data, detect anomalies, and improve compliance monitoring processes.
- Collaborate with internal teams to design and implement technical solutions for onboarding, monitoring, and reporting processes.
- Review customer onboarding data to ensure compliance with local, state, and federal regulations while following Checkbook’s internal policies and procedures.
- Monitor customer behavior proactively, using technical tools and techniques to identify red flags or compliance issues, and recommend mitigation strategies.
- Keep risk documentation up-to-date, integrating insights from data analysis and technical evaluations to reflect regulatory changes and industry best practices.
- Partner with engineering teams to enhance the quality and effectiveness of AML/CTF (Anti-Money Laundering/Counter-Terrorist Financing) systems and tools.
- Stay current with regulatory changes and emerging technologies in AML/CTF, ensuring the integration of innovative solutions into our compliance frameworks.
- Assist our Chief of Staff and our Compliance Officer with technical solutions for responding to regulatory authorities, preparing presentations, and improving team efficiency.
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 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 payment process. Additionally, Checkbook.io offers live payment tracking through an integrated accounting dashboard, providing users with transparency and control over their 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 efficient and cost-effective payment solutions.
Company Size
51-200
Company Stage
Series A
Total Funding
$21.7M
Headquarters
San Mateo, California
Founded
2015
Simplify's Take
What believers are saying
- Checkbook's partnership with Visa enhances real-time payment capabilities for businesses.
- The $10 million Series A funding supports Checkbook's expansion and operational growth.
- Increased demand in sectors like rental and banking boosts Checkbook's market opportunities.
What critics are saying
- Emerging fintech startups pose a threat to Checkbook's market share.
- Dependency on Visa's infrastructure could be risky if partnership dynamics change.
- Evolving regulatory landscape may increase compliance challenges and operational costs.
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-labeled functionality allows businesses to maintain brand consistency in payments.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Company Equity
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↑ 2%2 year growth
↓ -5%Payments solution provider Checkbook has expanded its payment operations. The company announced this expansion in a Thursday (Aug. 22) news release, saying it marked a milestone in “streamlining check and payment operations for a variety of business use cases in the U.S.”. According to the release, Checkbook has seen a surge in interest from industries like the rental, legal, government and banking sectors, spotlighting a rising demand for efficient and streamlined payment operations
Eisen and Checkbook partnered to help financial institutions streamline payment disbursements and ensure compliance with consumer protection regulations. The companies’ new Disbursement Hub is designed to help financial institutions meet the challenge of the evolving regulatory landscape around account closures and fund disbursements, according to a Thursday (May 16) press release. “Our strategic partnership is a crucial step to help financial institutions navigate the complexities of compliant offboarding and consumer protection, without dedicating an entire team to manage the process,” Eisen CEO Allen Osgood said in the release
SAN MATEO, Calif.--(BUSINESS WIRE)--In response to the evolving regulatory landscape surrounding account closures and fund disbursements, leading financial technology companies Eisen and Checkbook have joined forces to introduce Disbursement Hub—a groundbreaking solution designed to streamline payment disbursements and ensure compliance with consumer protection regulations. The Consumer Financial Protection Bureau (CFPB) has heightened its enforcement efforts, placing a spotlight on the prompt handling of refunds when accounts are closed. Failure to act quickly can result in significant penalties, making it imperative for financial institutions to align their processes with regulatory requirements. Disbursement Hub offers a comprehensive solution to assist institutions in navigating the complexities of account closures and fund disbursements efficiently. Eisen is building the future of account offboarding across the three critical phases of closing customer accounts—Outreach, Disbursement, and Escheatment—with a focus on meticulous attention to detail and adherence to regulatory timelines. Eisen chose Checkbook to power Disbursement Hub to replace manual workflows, reduce errors, save time, and ensure timely compliance with regulatory guidelines
Plowz & Mowz has acquired Check, a payment and business management app tailored specifically for owner-operators.
Checkbook, an all-in-one payments platform, announced a multi-year collaboration with Visa aimed at expediting disbursements to businesses, institutions, and individuals across millions of endpoints around the country.This announcement builds on Visa and Checkbook’s incremental collaboration with Checkbook having participated in the Visa FastTrack program in 2021 and their Virtual Card program enabled by Visa. The latest collaboration, this time involving Checkbook’s implementation of Visa Direct, further strengthens the relationship and expands the solutions Checkbook is offering to businesses looking to disburse fast and seamless payments to individuals and other businesses.“Our goal at Checkbook has always been to offer our customers a comprehensive suite of modern payment options with a single API,” says PJ Gupta, CEO and Founder of Checkbook. “By offering real-time1 payments through Visa Direct, we are enhancing our customers’ ability to send and receive fast payments seamlessly.”“In today’s ‘always on’ world, businesses and consumers demand quick and convenient access to cash flow – whether paying insurance claims, disbursing wages, tips or rebates – speed and efficiency have become the name of the game,” said Yanilsa Gonzalez-Ore, North America Head, Visa Direct. “We’re proud to collaborate with companies like Checkbook that are helping to streamline global money movement and disburse funds quickly and securely with Visa Direct.”Fast payments optimize the way businesses send money to their customers and to each other. Examples include paying insurance claims, vendors and contractors, wages, tips and rebates amongst others. However, most organizations encounter unexpected complications and overhead in facilitating these payments