Aml Managing Director Jobs (NOW HIRING)

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Fintech BSA AML Manager

Full Time Remote, US

3 days ago Requisition ID: 1313

Salary Range: $90,000.00 To $120,000.00 Annually

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 Work Environment.

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.

BENEFITS

Stearns 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
• PTO from 13 to 23 days depending on tenure. Cashout and Carryover options
• 10 Days Sick Time
• 11 Paid Holidays
• 2 Days Self Allowance Time
• Tuition Assistance

For this position, we anticipate a salary range between $90,000 - $120,000. Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.

JOB SUMMARY

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.

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

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

QUALIFICATIONS

• 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

PREFERRED QUALIFICATIONS

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

THE COMPANY

Founded 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.com

EQUAL OPPORTUNITY EMPLOYER /AFFIRMATIVE ACTION PLAN

We 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.