Compliance Officer- Fintech Services

Position Title: Compliance Officer
- Fintech Services

Locations:

Time Type: Full time

Req : JR1342-

This role will be responsible for leading and overseeing the compliance efforts of third-party programs, including Banking-as-a-Service (BaaS, or Fintech relationships), throughout the life cycle of the programs. The Compliance Officer-Fintech Services will report to the Fintech Services Manager and will serve as adviser to the Director of Banking as a Service, Chief Compliance Officer and executive management on appropriate measures to be taken to ensure ongoing regulatory compliance as the Company responds to changing market conditions.

This is a leadership role that will also provide compliance expertise and guidance on bank-wide projects and initiatives, ensuring adherence to laws, regulations, and ethical standards.

• Manages a team of professionals in a customer-centric culture to excel in a fast-paced environment.
• Coaches, develops, and conducts performance management activities with direct and indirect reports.
• Identifies high-potential employees for advanced training and development opportunities.
• Effectively manages poor performers.

• Evaluates and monitors third-party vendor performance to ensure compliance with regulatory requirements, contractual obligations, bank, and industry standards.
• Evaluates contracts with vendors, emphasizing compliance aspects and risk management.
• Leads Fintech Partnership Oversight.
• Provides compliance expertise and guidance on bank-wide projects to include Fintech oversight and BaaS as well as new product and system offerings.
• Identifies and analyzes risks associated with new and existing Fintech Leads, third-parties, third‑party products, product channels and significant changes in existing products are properly evaluated and adequately communicated.
• Ensures that Project Teams, Fintech Leads, and BaaS partners develop and apply policies and procedures with a view to meeting our standards of integrity, as well as federal, state and local legislation and regulations.
• Maintains policy and standards for consumer & commercial compliance across all Fintech partnerships.
• Advisory on Third-Party Compliance, advising on potential risks.
• Serves as the subject matter expert on compliance issues related to third-party relationships.
• Advises senior management on potential risks and mitigation strategies in the realm of third-party relationships.
• Collaborates with other departments to direct compliance issues to appropriate existing channels for investigation and resolution.
• Collaborates with other departments to develop and implement policies and procedures that ensure compliance with federal and state laws and regulations.

• Assists with CRA and Fair Lending data collection and analysis to ensure that third-party CRA and fair lending efforts are aligned with bank-wide goals and expectations.
• Gathers trends and analyzes complaint data and event escalations from third parties, ensuring appropriate corrective actions are taken.
• Prepares internal risk assessments of individual third-party relationships as well as the BaaS program overall.
• Prepares and presents comprehensive reports to keep senior management informed of the operations, progress, and effectiveness of third-parties compliance programs.
• Ensures meticulous documentation of all third-party transactions and compliance measures for audit purposes.
• Builds and maintains strong relationships with key stakeholders and team members within the bank and with third-party bank partners.
• The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
• May require work in a Midland office to ensure collaboration and support of internal and external customers.
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
• Other duties as assigned.

Education/

Experience:

• Bachelor’s degree in finance, Risk Management, Business Administration or a related field preferred.
• 8+ years of demonstrated experience in banking compliance.
• Minimum of 3 years of experience leading teams with demonstrated success coaching and motivating team members.
• Proven ability to collaborate effectively and execute tasks within the designated areas of responsibility.
• Comprehensive understanding of federal and state banking regulations.
• Compliance professional certifications required. CRCM (Certified Regulatory Compliance Manager) or equivalent.
• Banking as a Service and Fintech experience is preferred but not required.
• Requires up to 10% travel to various locations and company branches and third-party locations across the country. Required to meet multiple priorities and project due dates.
• Excellent oral, written, and interpersonal communication skills with the ability to instruct others, interpret documents, and write reports and…