Fintech Compliance Officer – Job # 3784-6264

Symicor Group•Chicago, IL

3d•Onsite

About The Position

Our bank client is seeking to fill a Fintech Compliance Officer role in the Chicago, IL area. The position is responsible for leading and overseeing the compliance efforts of third-party programs, including (BaaS, or Fintech relationships), throughout the life cycle of the programs. The opportunity has a generous salary of up to $150K plus generous incentives and a benefits package. This is not a remote position.

Requirements

8+ years of demonstrated experience in banking compliance.
Minimum of 3 years of experience leading teams with demonstrated success coaching and motivating team members.
Requires up to 10% travel to various locations and company branches and third-party locations across the country.
Required to meet multiple priorities and project due dates.
Comprehensive understanding of federal and state banking regulations.
Compliance professional certifications required. CRCM (Certified Regulatory Compliance Manager) or equivalent.
Proven ability to collaborate effectively and execute tasks within the designated areas of responsibility.
Excellent oral, written, and interpersonal communication skills with the ability to instruct others, interpret documents, and write reports and correspondence.
Excellent organizational and time management skills.
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.

Nice To Haves

Banking as a Service and Fintech experience is preferred but not required.

Responsibilities

Evaluates contracts with vendors, emphasizing compliance aspects and risk management.
Provides compliance expertise and guidance on bank wide projects to include Fintech oversight and BaaS as well as new product and system offerings.
Identifies and analyzes risks associated with new and existing Fintech Leads, third-parties, third-party products, product channels and significant changes in existing products are properly evaluated and adequately communicated.
Evaluates and monitors third-party vendor performance to ensure compliance with regulatory requirements, contractual obligations, bank, and industry standards.
Leads Fintech Partnership Oversight.
Maintains policy and standards for consumer & commercial compliance across all Fintech partnerships.
Advisory on Third-Party Compliance, advising on potential risks.
Collaborates with other departments to develop and implement policies and procedures that ensure compliance with federal and state laws and regulations.
Serves as the subject matter expert on compliance issues related to third-party relationships.
Advises senior management on potential risks and mitigation strategies in the realm of third-party relationships.
Ensures that Project Teams, Fintech Leads, and BaaS partners develop and apply policies and procedures with a view to meeting our standards of integrity, as well as federal, state and local legislation and regulations.
Collaborates with other departments to direct compliance issues to appropriate existing channels for investigation and resolution.