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Stearns Bank N.A. · 4 weeks ago

Fintech Compliance Manager

United States

Full-time

Onsite

Senior Level

$130K/yr - $150K/yr

5+ years exp

Stearns Bank N.A. is a financial institution helping people and small businesses reach their financial potential. The Fintech Compliance Manager will develop and maintain compliance programs for fintech partnerships, ensuring adherence to banking regulations while promoting innovation.

Financial Services

Responsibilities

Provide strategic direction and thought leadership on fintech compliance matters, including regulatory interpretation and emerging requirements

Serve as the subject matter expert on fintech partnership compliance, advising senior management on regulatory risks and opportunities

Develop and maintain the bank's fintech compliance framework, policies, and procedures in alignment with regulatory guidance

Monitor regulatory developments and assess implications for existing and prospective fintech partnerships

Collaborate with business development teams to structure compliant fintech partnership arrangements

Conduct comprehensive risk assessments of prospective and existing fintech partnerships, evaluating compliance, operational, and reputational risks

Review and approve fintech partner disclosures, marketing materials, and customer-facing documentation for regulatory compliance

Perform ongoing monitoring and testing of fintech partner compliance with contractual obligations and regulatory requirements

Coordinate and conduct due diligence reviews of prospective fintech partners, including compliance program assessments

Prepare compliance reports and presentations for internal stakeholders, board sub-committees, and regulatory examiners

Manage regulatory examinations and audits related to fintech partnerships, coordinating responses and remediation efforts

Investigate and resolve compliance issues, working with partners to implement corrective actions

Maintain comprehensive documentation of compliance activities, risk assessments, and monitoring results

Manage consumer complaint processes, including root cause analysis, trend identification, and corrective action oversight

Provide compliance advisory services to fintech partners, including guidance on regulatory requirements and control expectations

Maintain a solid understanding of all legal and regulatory compliance issues as they pertain to this position

Design scalable compliance processes and systems to support portfolio growth

Identify opportunities to enhance compliance efficiency through technology and automation

As the business grows, build and develop a high-performing team to support expanding fintech program management activities

Qualification

Banking complianceThird-party risk managementFintech partnershipsFederalState regulationsRisk assessmentsProject managementRegulatory technology solutionsAnalytical skillsCompliance management systemsCommunicationLeadership experience

Required

Bachelor's degree in finance, business, law, or related field; advanced degree or professional certification preferred

Minimum five years of experience in banking compliance, with specific focus on third-party risk management, fintech partnerships, or bank-fintech sponsor bank arrangements

Deep knowledge of federal and state banking regulations, including BSA/AML, UDAAP, Regulation E, TILA, Fair Lending, and privacy regulations

Demonstrated expertise in third-party risk management frameworks and regulatory guidance, including OCC Bulletin 2013-29 and FDIC FIL-44-2008

Strong understanding of fintech business models, emerging payment technologies, and digital banking platforms

Proven ability to conduct comprehensive risk assessments and translate complex regulatory requirements into practical business guidance

Ability to work independently in a fast-paced, startup-like environment with minimal supervision

Excellent written and verbal communication skills, with the ability to present complex compliance matters to diverse audiences

Strong analytical and problem-solving capabilities with keen attention to detail

Demonstrated project management skills and ability to manage multiple priorities in a fast-paced environment

Collaborative mindset with ability to influence and build relationships across organizational levels

Demonstrated ability to interpret and apply complex regulations to business activities

Ability to travel occasionally for partner meetings and regulatory examinations

Occasionally lift and/or move up to 10 lbs

Literacy in English

Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools, or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk, or hear

Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus

Preferred

Professional certifications such as CRCM, CAMS, or CFCS

Experience with regulatory examinations and audit coordination

Previous experience building or scaling compliance programs

Leadership or team management experience

Familiarity with compliance management systems and regulatory technology solutions

Experience in banking operations, payments, or fintech industry

Benefits

Employee Stock Ownership Plan & 401k Plan

Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)

12-week Paid Medical Leave

Paid Parental Leave: 21-weeks Primary Care Parent, 14-weeks Secondary Care Parent

$5,000 Family Care Reimbursement: Childcare, Elder Care, Student Loan Debt, Pet expenses, down payment assistance

PTO from 13 to 23 days depending on tenure. Cashout and Carryover options.

10 Days Sick Time

11 Paid Holidays

4 Days Volunteer Time

2 Days Self Allowance Time

Tuition Assistance

Company

Stearns Bank N.A.

Stearns Bank National Association is a majority women-owned and governed financial services institution committed to empowering people, entrepreneurs, small businesses, and local communities to reach their full financial potential.

Founded in 1912

Saint Cloud, Minnesota, USA

501-1000 employees