Senior BaaS Compliance Specialist
About The Position
OMB Bank is seeking a thriving individual to join our team as a Senior BaaS Compliance Specialist. The Senior BaaS Compliance Specialist plays a critical role in daily banking tasks related to oversight and completion of developing, implementing, and maintaining compliance programs for OMB’s BaaS and Third-Party programs. This includes adherence to all applicable financial regulations, including banking, anti-money laundering (AML), know your customer (KYC), data privacy and cyber security laws to name a few. The Senior BaaS Compliance Specialist will report to the Director of Third-Party Risk Management and works closely with the BaaS Team and helps the organization ensure that operational functions comply with relevant laws, regulations, and policies. Duties include identifying, reviewing, developing and execute the OMB’s BaaS Third-Party compliance strategy, upholding alignment with business objectives and regulatory requirements. Support the design of policies, procedures, and controls that ensure regulatory compliance across all BaaS/Third-Party operations, including customer onboarding, transaction monitoring, ongoing monitoring, and all third-party partnerships. OMB Bank is a quickly growing, fast-paced $1.7 billion financial institution. The ideal candidate would have experience working for institutions of equal or greater size and be able to adapt quickly as new projects are presented, while maintaining existing compliance program.
Requirements
- Bachelor’s degree (BA) or equivalent from a four-year college or university in a business-related field or equivalent experience.
- Four or more years’ previous experience in banking/finance regulatory compliance preferred.
- Advanced knowledge of the federal, state, and other governing agencies regulations and requirements related to bank processing and transaction monitoring.
- Disciplined in protecting and managing highly confidential information/material.
- Effective time management skills (capable of managing and prioritizing multiple tasks).
- Remain professional, composed, and assertive, including high pressure situations; display a sense of urgency as needed to ensure requests are completed within expected timeframes/service level agreement.
- Demonstrated self-motivation; productive, efficient, organized, accurate work output with no supervision while working independently and within a team environment.
- Excellent verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, speak clearly to customers and employees.
- Ability to apply strategic planning, activity coordination, and problem-solving techniques to complex issues of multiple facets and variables in non-standardized situations.
Nice To Haves
- Experience working for institutions of equal or greater size.
- Ability to adapt quickly as new projects are presented, while maintaining existing compliance program.
Responsibilities
- Developing, implementing, and maintaining compliance programs for OMB’s BaaS and Third-Party programs.
- Ensuring adherence to all applicable financial regulations, including banking, anti-money laundering (AML), know your customer (KYC), data privacy and cyber security laws.
- Identifying, reviewing, developing and executing the OMB’s BaaS Third-Party compliance strategy.
- Supporting the design of policies, procedures, and controls that ensure regulatory compliance across all BaaS/Third-Party operations, including customer onboarding, transaction monitoring, ongoing monitoring, and all third-party partnerships.
Benefits
- Excellent work environment where you are appreciated and recognized for your individual efforts and contributions.
- Stability with a locally owned community bank that is growing and expanding in the region.
- Paid Time Off
- Military Leave
- Bereavement Leave
- Jury Duty Leave
- Life insurance with AD&D
- Disability insurance
- Medical insurance
- Dental insurance
- Vision insurance
- Critical illness insurance
- Accident insurance
- Supplemental life insurance with AD&D
- 100% match of retirement savings (up to plan limit)
- Discounted financial service fees on select OMB products and services.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
