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Vendor Management & Compliance Analyst

Novo

Novo

IT, Legal
Gurugram, Haryana, India
Posted on Thursday, April 11, 2024

We started Novo to challenge the status quo—we’re on a mission to increase the GDP of the modern entrepreneur by creating the go-to FinTech platform for small businesses (SMBs). Novo is flipping the script of the FinTech world, and we’re excited to lead the small business FinTech revolution.

We are looking for people of character. Pragmatic and capable people who want to see their work drive better outcomes for small businesses — the backbone of our economy. You will join our team and work on the building blocks of everything Novo ships.

Why Novo?

  • Novo is a rapidly growing series B fintech startup with a mission-driven team that’s passionate about helping every small business in America
  • Positive, inclusive, supportive culture cheering you on your journey
  • We work with very new technologies and architecture patterns
  • We provide learning and development budgets to help you grow and bond with your team
  • Able to work from the office 3+ days per week
  • Offices in NYC, Miami, Delaware, India, and Colombia

About Us:

Small businesses are the backbone of the US economy, comprising almost half of the GDP and the private workforce. Yet, big banks don’t provide the access, assistance and modern tools that owners need to successfully grow their business.

We started Novo to challenge the status quo—we’re on a mission to increase the GDP of the modern entrepreneur by creating the go-to banking platform for small businesses (SMBs). Novo is flipping the script of the banking world, and we’re excited to lead the small business banking revolution.

At Novo, we’re here to help entrepreneurs, freelancers, startups and SMBs achieve their financial goals by empowering them with an operating system that makes business banking as easy as iOS. We developed modern bank accounts and tools to help to save time and increase cash flow. Our unique product integrations enable easy access to tracking payments, transferring money internationally, managing business transactions and more. We’ve made a big impact in a short amount of time, helping thousands of organizations access powerfully simple business banking.

We are looking for a Analyst for Banking who understands ensures every banking move is legally sound, making sure we never miss a beat and if love you this daily grind then we want to chat. Are you ready to revolutionize the small business banking industry with us?

About the Role:

  • Handling end-to-end subpoena request by providing supporting documents to MFS for as per the SLAs
  • Coordination with internal departments (if required) to gather subpoena documents
  • BBB & Regulatory complaints support to compliance team as per procedure
  • Monthly reporting / Ad Hoc project(s) support
  • Handling end-to-end Vendor Management & Onboarding requests as per vendor management procedure for all the US vendors .
  • New Vendor Onboarding
  • Non Disclosure Agreement (NDAs)
  • Renewals
  • Amendment to existing contracts
  • As part of procurement review, perform due diligence checks on vendors to :
  • Review the vendor request and work with the requester
  • Perform Vendor Risk Assessment to assess the criticality level and assign risk rating
  • Perform OFAC and negative media screening
  • Obtain required documents from the vendor
  • Work closely with the requester and vendor to expedite the process
  • Work with Finance, Legal & Infosec teams for the approvals.
  • Periodically review of vendors to keep the profile up to date :
  • Obtain the latest documents by outreaching internal POCs or vendors
  • Perform vendor risk assessments & screening (OFAC / negative media)
  • Willing to contribute in the new vendor selection process if required
  • Manage day to day operational activities by managing Daily request, Auto-Renewals trackers and ZIP

Requirements:

  • Minimum bachelor's degree, preferably in business, economics, finance, or other technical disciplines.
  • 1-2 years experience working in the financial services/banking industry
  • Background working in U.S. markets, in a fintech/tech company, or both.
  • Comfortable working in the US Shift
  • Flexible to contribute as per business requirements
  • Work on process improvements, conducting training and develop standard operating procedures
  • High attention to detail, ability to oversee critical analytics projects from end to end independently.
  • Ability to think outside the box, work with limited data, and find solutions to unorthodox problems.
  • Excellent written and verbal communication skills.
  • Ability to thrive in an ambiguous environment and adapt quickly to changing priorities; focused on getting things done in a highly organized way.
  • Ability to work cross-departmentally, without the need for extensive hierarchical corporate structure
  • An inquisitive and highly detailed oriented work ethic

Novo values diversity as a core tenet of the work we do and the businesses we serve. We are an equal opportunity employer, indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information or any other protected characteristic.