Fintech BSA AML Manager

At Stearns Bank, we’re helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. Sound like something you want to be a part of? If so, we’re currently looking for a Fintech BSA AML Manager. This is a connected mobile role. Come see how we’re doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.BENEFITSStearns Bank understands and respects that everyone is managing unique career, family, and wellness needs. That’s why we offer industry-leading benefits to employees to help them live healthy lives and bring their full selves to work every day. Benefits may vary for part-time positions. Some of those benefits include: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 PremiumsPTO from 13 to 23 days depending on tenure. Cashout and Carryover options10 Days Sick Time11 Paid Holidays4 Days Volunteer Time2 Days Self Allowance TimeTuition AssistanceFor this position, we anticipate an annual salary range between $90,000 – 120,000.Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience. JOB SUMMARYThe 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. RESPONSIBILITIESProvide strategic guidance to fintech partners on BSA/AML program requirements, control expectations, and remediation activitiesLead the development, implementation, and ongoing optimization of BSA/AML transaction monitoring scenarios tailored for fintech partner programs, including tuning thresholds and reducing false positivesConduct comprehensive BSA/AML risk assessments for new and existing fintech partners, identifying inherent risks, evaluating control effectiveness, and implementing additional mitigating controlsOversee CIP/KYC procedures, OFAC screening processes and sanctions compliance conducted by fintech partners, ensuring compliance with regulatory requirements and Bank policiesConduct continuous oversight of financial activity to identify, investigate, and report suspicious transactions or potential fraudParticipate in BSA examination activities with OCC examiners, including preparation of examination materials, response drafting, and corrective action implementationBuild and maintain the financial crimes component of the Bank's third-party risk management framework for fintech partnershipsDevelop and deliver BSA/AML training programs for internal staff and fintech partner personnelServe as final reviewer on complex SAR investigations and ensure timely, accurate filing of SARs and CTRs in accordance with FinCEN requirementsDevelop appropriate training materials and train staff when necessaryMonitor regulatory developments and industry trends to proactively enhance the Bank's BSA/AML programPrepare Board and senior management reporting on BSA/AML program performance, emerging risks, and key metricsMaintain a solid understanding of all legal and regulatory compliance issues as they pertain to this position REQUIREMENTSOccasionally lift and/or move up to 10 lbs Literacy in EnglishAbility 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 hearSpecific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focusQUALIFICATIONSBachelor’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 experienceMinimum 7 years of progressive BSA/AML compliance experience in banking or financial servicesAt least 3 years of experience specifically with fintech partnerships, BaaS programs, or digital banking platformsDemonstrated experience with OCC, FDIC, or Federal Reserve regulatory examinationsExperience developing and implementing transaction monitoring programsTrack record of managing complex SAR investigations from detection through filingProficiency with transaction monitoring platforms (e.g., Verafin, Actimize, SAS, NICE Actimize, Sardine)Advanced Excel skills including pivot tables, VLOOKUP, and data analysisAbility to work independently in a fast-paced, startup-like environment with minimal supervisionExcellent written and verbal communication skills, including ability to present to Board and regulatory audiencesStrong analytical and problem-solving capabilitiesProficiency with standard office technology and ability to learn new systems quicklyAbility to travel occasionally for partner meetings and regulatory examinationsPREFERRED QUALIFICATIONSCAMS (Certified Anti-Money Laundering Specialist) strongly preferredCAFCA (Certified AML FinTech Compliance Associate) preferredCRCM (Certified Regulatory Compliance Manager) a plusCFE (Certified Fraud Examiner) a plusExperience with data visualization tools (Power BI, Tableau) preferredFamiliarity with APIs and technical concepts related to digital bankingTHE COMPANYFounded in 1912, Stearns Financial Services Inc. (SFSI) is a $3.2 billion, independently owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide. Specializing in affordable housing financing, USDA and SBA lending, and small business and equipment financing, Stearns Bank is regularly recognized as one of the country’s top-performing banks and “Best Banks to Work For” by American Banker.As a Star Tribune Top Workplaces award recipient and an award recipient of the Minnesota Business Magazine 100 Best Places to Work in Minnesota, Stearns takes pride in their team and holds their employees in extremely high regard. We offer a competitive salary and benefit package including our Employee Stock Ownership Program-one of the best long-term incentive programs in the nation. To learn more about Stearns Bank, visit www. StearnsBank.comEQUAL OPPORTUNITY EMPLOYER /AFFIRMATIVE ACTION PLANWe are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, or creed, religion, sex, marital status, familial status, sexual orientation, national origin, age, disability, veteran’s status, status with regard to public assistance, or any other class protected by Federal, State, local laws governing nondiscrimination in employment.