AML Fintech Oversight Manager III

Coastal Community Bank • Everett, WA

226d • $113,000 - $141,000 • Remote

About The Position

Coastal Community Bank is a leader in Banking with a strong financial infrastructure leading Banking as a Service (BaaS) and Fintech strategies. The people at Coastal not only help people with their personal banking; they help businesses with banking technology integration that leads to business growth, flexible financing, and unimagined potential. We think and work like entrepreneurs, always moving and constantly improving. We are go-getters, work hard, and play hard. If you're someone who thrives on innovation, wants to help others succeed, knows how to think outside the box, and believes that we're all in this together -- you belong here.

Requirements

• Expert in AML concepts: AML, BSA, CIP, KYC, CDD, EDD, OFAC, SAR.
• Ability to create areas of development, creation and improvement of systems, structures, and processes.
• Ability to effectively collaborate with Bank Operations and Business Units.
• Expert level knowledge of electronic transactions - ACH, debit and credit network.
• Ability to understand processes that include data concepts: API, JSON, Mobile Application and Onboarding.
• Expert in investigations and research of customer and transactions using core system, AML software, social media, or internet.
• Expert analytical skills and ability to resolve complex problems with minimum guidance.
• Expert problem solving attitude with creativity and flexibility.
• Expert time management, planning and organizational skills.
• Expert management and prioritization of multiple tasks/projects and deadlines.
• Expert verbal and written communication skills.
• Expert collaborative skills with the ability to seek out new sources of relevant information.
• Expert knowledge of Fintech business dynamics.
• Ability to work with technical teams/engineers/data scientists.

Nice To Haves

• BA degree or 10 plus years' experience in Risk Management or Fintech or Banking Experience.
• 3+ years' experience with CIP Verification / Fraud vendor tools.
• CAMS certification preferred.
• Experience working with technical teams/engineers/data scientists preferred.
• Knowledge of Bank Operations and Business Units preferred.

Responsibilities

• Manage oversight of Fintech Partners as it relates to BSA/AML and OFAC.
• Monitor partner's BSA/AML and OFAC program and test their onboarding processes for compliance with regulatory and sponsor bank requirements.
• Review and report partner BSA/AML and OFAC metrics to management and Board of Directors.
• Identify and report issues and any violations of law or breaches of policy.
• Validate adequacy of remediation taken to address reported issues.
• Develop and manage oversight program of partner's BSA/AML and OFAC Program.
• Perform ongoing testing of partner's onboarding processes and report testing results to management and Board.
• Communicate effectively with management, Board, Auditors and Regulators regarding BSA/AML and OFAC compliance.
• Ensure adequate oversight of Fintech Partners, including implementation of program documents, onboarding process and vendors.
• Effectively manage team, including training and developing new and junior staff.
• Review workflow processes and seek process improvement opportunities.
• Develop launch requirements for new partner launches and existing partner new products.
• Review oversight procedures annually to capture changes in regulatory expectations.
• Report any observations, testing delays or concerns found during testing.
• Provide testing status and results reports for Leadership and Board reporting monthly.
• Review partner prepared monthly status reports.
• Review, track and monitor identified observations through remediation.
• Maintain proficient knowledge of the rules and regulations, including BSA, USA Patriot Act and OFAC.
• Take on special projects within the department as the need arises.
• Perform assigned duties within the expected delivery dates.
• Follow and comply with all regulatory and compliance regulations.
• Observe strict confidentiality requirements.
• Work within a team environment and assume positive intent.
• Manage intake of potential issues identified with Partner AML programs.

Benefits

• Competitive salary range of $113,000.00 - $141,000.00 annually.
• Full-time remote work opportunity.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree