Fintech BSA AML Manager

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Full Time Remote, US

3 days ago Requisition

Salary Range: $90,000.00 To $ Annually

At Stearns Bank, we’re helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. Sound like something you want to be a part of? If so, we’re currently looking for a Fintech BSA/AML Manager. This is a Connected Mobile Work Environment.

Come see how we’re doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.

Stearns Bank understands and respects that everyone is managing unique career, family, and wellness needs. That’s why we offer industry-leading benefits to employees to help them live healthy lives and bring their full selves to work every day. Benefits may vary for part-time positions. Some of those benefits include:

• Employee Stock Ownership Plan & 401k Plan
• Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
• 12-week Paid Parental Leave and Medical Leave:
  With a cap of 20 weeks for eligible team members who qualify for both Medical and Parental Leave related to the birth of a child.
• $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
• 2 Days Self Allowance Time
• Tuition Assistance

For this position, we anticipate a salary range between $90,000 - $120,000. Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.

The Fintech BSA/AML Manager will be responsible for assisting with the monitoring and oversight of compliance and BSA/AML policies, procedures, and controls, as well as monitoring and assessing regulatory risks, through risk assessments, monitoring and testing, and third-party oversight as related to Stearns Bank's direct and BaaS-partnered fintech engagements. This role has a decisive impact on positioning Stearns Bank's fintech program for sustainable growth, while maintaining meticulous compliance with the Bank Secrecy Act, USA PATRIOT Act, OFAC regulations, and related anti-money laundering requirements.

This position provides strategic thought leadership, while driving hands-on compliance activities.

• Provide strategic guidance to fintech partners on BSA/AML program requirements, control expectations, and remediation activities
• Lead the development, implementation, and ongoing optimization of BSA/AML transaction monitoring scenarios tailored for fintech partner programs, including tuning thresholds and reducing false positives
• Conduct comprehensive BSA/AML risk assessments for new and existing fintech partners, identifying inherent risks, evaluating control effectiveness, and implementing additional mitigating controls
• Oversee CIP/KYC procedures, OFAC screening processes and sanctions compliance conducted by fintech partners, ensuring compliance with regulatory requirements and Bank policies
• Conduct continuous oversight of financial activity to identify, investigate, and report suspicious transactions or potential fraud
• Participate in BSA examination activities with OCC examiners, including preparation of examination materials, response drafting, and corrective action implementation
• Build and maintain the financial crimes component of the Bank's third-party risk management framework for fintech partnerships
• Develop and deliver BSA/AML training programs for internal staff and fintech partner personnel
• Serve as final reviewer on complex SAR investigations and ensure timely, accurate filing of SARs and CTRs in accordance with FinCEN requirements
• Develop appropriate training materials and train staff when necessary
• Monitor regulatory developments and industry trends to proactively enhance the Bank's BSA/AML program
• Prepare Board and senior management reporting on BSA/AML program performance, emerging risks, and key metrics
• Maintain a solid…