Relationship Manager , Technology Banking - Fintech Compliance

Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of our Irvine, Phoenix, Salt Lake City, or San Diego offices.

Together, Silicon Valley Bank and First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner.

First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best‑in‑class lending, leasing and other financial services coast to coast.

Parent company First Citizens Banc Shares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.

Relationship Manager I, Fintech Compliance you are responsible for:

• Reviewing Fin Tech and Crypto prospects and client relationships (with a primary focus on Embedded Payments prospects and clients) prior to submitting to First Line of Defense Enhanced Due Diligence (FLOD EDD) for final approval.
• Working with the Fintech/Crypto Relationship Managers and FLOD EDD to remediate any escalations and to execute the framework for reviewing prospects or clients and analyzing the risks associated with that prospect or client.

Under the direction and supervision of the Director of Fintech and Crypto Relationship Manager, as a Relationship Manager I, Fintech Compliance, you will be responsible for executing on the following:

• Risk Assessments:
  Execute a client risk assessment to evaluate the Fin Tech Client's AML/Sanctions Compliance Risk from an inherent and residual risk
• Controls Identification:
  Based on the review of the client identify controls that the client may have in place or need to design and implement to reduce the inherent risk.
• Emerging Risks:
  Develop a process to identify emerging risks certain business models within Fin Tech may pose to First Citizens Commercial Bank.
• Point of Contact for Fintech:
  Serve as the point of contact for FLOD to discuss Fin Tech client risks.
• Escalations:
  Review and address client escalations.
• Reporting:
  Provide regular reporting and follow‑up on client risks to management.
• Communication:
  This position will work with clients, therefore, it is critical for this person to have strong communication skills to articulate the expectations from a FLOD EDD and Sanctions Compliance perspective, as well as with the Client/Prospect and the Fintech Team.

Bachelor's Degree and 2 years of experience in banking, risk management, audit experience, as well as financial crimes or compliance management processes OR High School Diploma or GED and 6 years of experience in banking, risk management, audit experience, as well as financial crimes or compliance management processes.

• 5 years of banking, risk management, or audit experience with a minimum of 3 years of experience related to financial crimes or compliance management processes.
• Demonstrate strong knowledge of financial crimes risks and the prevention and mitigation processes and controls.
• Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes.
• Knowledge of the risk and compliance standards/guidance such as FinCEN and FFIEC guidance.
• Strong understanding of the Compliance Management Systems and the regulatory frameworks that apply to financial institutions.
• Good understanding of regulatory requirements that apply to the financial services sector and banking operations.
• Ability to assess processes to identify key controls.
• The individual will need the ability to work independently, take initiative and have strong verbal and written communication skills.
• Good time management and attention to detail are critical to this position.
• Good analytical, research, organizational, and project…