Fintech BSA AML Manager

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Stearns Bank N.A.

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 1912

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

Stearns Bank N. A. is a nationwide preferred SBA lender with over 100 years of experience in the financial services sector. As employee owners, the bank prides itself on a culture of integrity, urgency, and commitment to customer success. Known for its outstanding personal service, Stearns Bank specializes in equipment financing and leasing while fostering a strong sense of community and teamwork. Their mission is to help others achieve their greatest ambitions, and they are recognized as a top-performing bank that flourishes in any economic condition.

📋 Description

• Provide strategic guidance to fintech partners on BSA/AML program requirements, control expectations, and remediation activities • Lead development, implementation, and optimization of BSA/AML transaction monitoring scenarios for fintech partner programs • Tune transaction monitoring thresholds and reduce false positives • Conduct BSA/AML risk assessments for new and existing fintech partners • Evaluate control effectiveness and implement mitigating controls • Oversee CIP/KYC procedures, OFAC screening, and sanctions compliance conducted by fintech partners • Monitor financial activity to identify, investigate, and report suspicious transactions or potential fraud • Participate in BSA examinations with OCC examiners, including examination preparation, response drafting, and corrective action implementation • Build and maintain the financial crimes component of the third-party risk management framework for fintech partnerships • Develop and deliver BSA/AML training for internal staff and fintech partner personnel • Serve as final reviewer on complex SAR investigations and ensure timely, accurate SAR and CTR filing in accordance with FinCEN requirements • Monitor regulatory developments and industry trends to enhance the Bank’s BSA/AML program • Prepare Board and senior management reporting on BSA/AML program performance, emerging risks, and key metrics • Maintain understanding of legal and regulatory compliance issues relevant to the position

🎯 Requirements

• Occasionally lift and/or move up to 10 lbs • Literacy in English • Ability to sit for extended periods and perform required physical activities, including twisting, bending, walking, reaching, balancing, stooping, and kneeling • Ability to use hands to operate office tools and controls • Required close, distance, peripheral, and depth vision, plus ability to adjust focus • Bachelor’s degree (B.A.) from a four-year college or university; or three to five years related experience and/or training; or equivalent combination of education and experience • Minimum 7 years of progressive BSA/AML compliance experience in banking or financial services • At least 3 years of experience with fintech partnerships, BaaS programs, or digital banking platforms • Experience with OCC, FDIC, or Federal Reserve regulatory examinations • Experience developing and implementing transaction monitoring programs • Experience managing complex SAR investigations from detection through filing • Proficiency with transaction monitoring platforms such as Verafin, Actimize, SAS, NICE Actimize, or Sardine • Advanced Excel skills, including pivot tables, VLOOKUP, and data analysis • Ability to work independently in a fast-paced, startup-like environment with minimal supervision • Excellent written and verbal communication skills, including ability to present to Board and regulatory audiences • Strong analytical and problem-solving capabilities • Proficiency with standard office technology and ability to learn new systems quickly • Ability to travel occasionally for partner meetings and regulatory examinations • CAMS strongly preferred • CAFCA preferred • CRCM a plus • CFE a plus • Experience with Power BI or Tableau preferred • Familiarity with APIs and technical concepts related to digital banking

🏖️ Benefits

• 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 • $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, with Cashout and Carryover options • 10 Days Sick Time • 11 Paid Holidays • 4 Days Volunteer Time • 2 Days Self Allowance Time • Tuition Assistance • Competitive salary and benefit package • Employee Stock Ownership Program