Due Diligence Analyst

About the role

This role focuses on supporting the due diligence process for Alpaca's new and existing partners, which include fintech companies, financial institutions, and vendors globally. The work involves communicating requirements to partners, tracking their onboarding progress, and ensuring all necessary documentation is submitted and reviewed for completeness and potential risk indicators. This position is critical for maintaining compliance and managing third-party risk.

A key aspect of this position is conducting and supporting various third-party risk management processes. This includes performing KYC, KYB, and enhanced due diligence, as well as reviewing policies, procedures, and customer onboarding flows. The analyst will also assess risk and respond to partner inquiries, escalating issues as needed to ensure smooth integration and adherence to internal standards.

Success in this role requires close collaboration with multiple internal teams, such as Operations, Compliance, AML, Legal, Product, and Project Management. The analyst will contribute to improving onboarding and diligence processes by identifying gaps and recurring issues. Maintaining accurate records of all reviews, decisions, and approvals is also a core responsibility, ensuring a robust audit trail.

The annual salary for this position ranges from $68,000 to $112,000 USD.

Skills that matter here

• Risk Management: This role involves identifying, assessing, and mitigating risks associated with new and existing partners.
• BSA/AML: The analyst will ensure partners comply with Bank Secrecy Act and Anti-Money Laundering regulations during onboarding and ongoing reviews.
• KYB: A core responsibility is conducting Know Your Business checks to verify the identity and legitimacy of corporate partners.
• Cross-Functional Collaboration: The role requires working effectively with various internal departments like Legal, Compliance, and Operations to meet integration requirements.
• Analytical Skills: The analyst must critically evaluate documentation, identify inconsistencies, and assess potential risk indicators.
• Project Management: This skill is used to manage multiple partner onboarding processes simultaneously and track progress efficiently.

Who this role suits

• A person who thrives on identifying and mitigating potential risks in financial contexts.
• Someone with a detail-oriented approach to reviewing documentation and ensuring compliance.
• An individual who enjoys coordinating with diverse international partners and internal teams.
• A proactive self-starter capable of managing multiple tasks and operating independently in a dynamic environment.

From the employer

Support due diligence reviews for new and existing partners, including fintech companies, financial institutions, vendors, and other third-party service providers.

• Communicate regularly with prospective and onboarding partners globally to help them understand requirements, timelines, and outstanding documentation needs.
• Conduct and support third-party risk management processes, including KYC, KYB, enhanced due diligence, policy and procedure reviews, customer onboarding flow reviews, and risk assessments.
• Review partner-provided documentation for completeness, consistency, and potential risk indicators.
• Track partner onboarding progress, follow up on outstanding items, and help ensure required documents are submitted ahead of launch deadlines.
• Respond to partner questions related to the onboarding and due diligence process, escalating requests or issues as appropriate.
• Work closely with internal teams, including Operations, Compliance, AML, Legal, Product, and Project Management, to ensure partner integrations meet internal requirements.
• Identify process gaps, recurring partner questions, or documentation issues, and contribute to improvements in the partner onboarding and diligence process.
• Maintain accurate records of diligence reviews, decisions, approvals, and supporting documentation.

Experience:

• 2–3 years of experience in risk management, operational risk, third-party risk, compliance, AML, financial crime, or related functions within financial services, fintech, brokerage, or another regulated industry.

International Mindset:

• Comfort working with international partners and reviewing diligence materials across different jurisdictions and regulatory environments.

Analytical Skills:

• Strong critical thinking skills with the ability to identify anomalies, inconsistencies, gaps, and potential risk indicators in documentation, data, and partner responses.

Organizational Skills:

• Strong project management and prioritization skills, with the ability to manage multiple partner onboarding processes simultaneously.

Communication Skills:

• Excellent written and verbal communication skills, including the ability to explain requirements clearly to external partners and internal stakeholders.

Cross-Functional Collaboration:

• Ability to work effectively across Risk, Compliance, AML, Operations, Legal, Product, and Project Management teams.

Proactive Ownership:

• A self-starter mindset with strong accountability, sound judgment, and the ability to operate independently in a rapidly evolving environment.

Education:

• Bachelor’s degree in Finance, Business, Economics, Risk Management, Criminal Justice, International Relations, or a related field.

• Competitive Salary & Stock Options
• Health Benefits
• New Hire Home-Office Setup: One-time USD $500
• Monthly Stipend: USD $150 per month via a Brex Card
• Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.