Fintech BSA AML Manager

Stearns Bank NA.•St. Cloud, MN

4h•Hybrid

About The Position

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.

Requirements

Occasionally lift and/or move up to 10 lbs
Literacy in English
Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools, or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk, or hear
Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus
Bachelor’s degree (B.A.) from 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 specifically with fintech partnerships, BaaS programs, or digital banking platforms
Demonstrated experience with OCC, FDIC, or Federal Reserve regulatory examinations
Experience developing and implementing transaction monitoring programs
Track record of managing complex SAR investigations from detection through filing
Proficiency with transaction monitoring platforms (e.g., Verafin, Actimize, SAS, NICE Actimize, 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

Nice To Haves

CAMS (Certified Anti-Money Laundering Specialist) strongly preferred
CAFCA (Certified AML FinTech Compliance Associate) preferred
CRCM (Certified Regulatory Compliance Manager) a plus
CFE (Certified Fraud Examiner) a plus
Experience with data visualization tools (Power BI, Tableau) preferred
Familiarity with APIs and technical concepts related to digital banking

Responsibilities

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 understanding of all legal and regulatory compliance issues as they pertain to this position

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 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, Health Insurance Premiums
PTO from 13 to 23 days depending on tenure. Cashout and Carryover options
10 Days Sick Time
11 Paid Holidays
4 Days Volunteer Time
2 Days Self Allowance Time
Tuition Assistance