- Supervision Received (title): Chief Compliance Officer
- Supervision Given to (Titles):
NA - Serving as a key strategic advisor, the BaaS Compliance Officer will collaborate and communicate directly with business leaders across the enterprise to effectively manage compliance risks while advancing corporate goals and objectives.
- Develop, manage, and support multiple risk and control programs for the BaaS business unit including defining the strategy, approach, processes, quality, tools, and reporting that provide risk management consistency and excellence.
- Supports the development, implementation, and administration of Bank policies, programs to establish controls, and compliance requirements to mitigate risk in BaaS operations.
- Partners with the BaaS partners, our internal BaaS team, and across the enterprise in onboarding activities, including the development of account documents, customer communications, and disclosures, ongoing performance reviews, and unwinding activities.
- Provide compliance training to BaaS staff and partners to ensure that they understand their obligations under relevant regulations.
- Develop and maintain compliance policies and procedures specific to BaaS operations. These policies should address the regulatory environment and be communicated to all relevant stakeholders.
- Perform due diligence on BaaS partners to ensure they meet required compliance standards.
- Conduct regulatory compliance risk assessments to identify potential compliance risks and vulnerabilities in BaaS operations. This includes assessing regulatory risk at the Bank and with partners and third-party providers.
- Continuously monitor BaaS operations and BaaS partner activities and practices for compliance. Research and resolve any areas of concern. Recommend and lead solutions to address issue. Maintain comprehensive records of all compliance-related activities, reports, and policies.
- Preform risk-based compliance testing on BaaS operations, including BaaS partners and providers.
- Stay updated on all financial regulations applicable to a successful BaaS program. Monitor the industry for changes in these regulations and ensure that the BaaS operations are compliant.
- Prepare regulatory reports and filings as required.
- Develop and implement incident response plans to address and report any compliance breaches or other emergencies promptly.
- Fulfill responsibilities with professionalism, respect for others, in accordance with the organization's policies and applicable laws.
- Champion and execute process improvement recommendations that help to improve effectiveness and efficiencies of business units in mitigating compliance risk.
- Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of HEART in every facet of work.
- Education: Bachelor's degree in Business, Finance, Law, or a related field.
- Licenses or Accreditation:
NA - Education: Bachelor's degree in Business, Finance, Law, or a related field.
- Licenses or Accreditation: Certified Regulatory Compliance Manager (CRCM)
- Strong knowledge of regulatory compliance, risk management processes, and issue management.
- Experience conducting compliance risk assessments and compliance testing activities.
- Extensive knowledge of financial institution policies and procedures.
- Extensive ability to read, analyze and interpret government regulations, trade journals and legal documents.
- Must be able to respond to common inquiries from regulatory agencies, courts, and outside consultants.
- Strong verbal and written communication skills and ability to interact positively with a wide variety of individuals; proven ability to work with senior management to solve complex problems.
- Strong experience level with all Microsoft Office applications including the ability to learn new and existing banking software.
- Able to travel occasionally (25%)
- Extensive computer usage is required.
-
Compliance Officer
3 weeks ago
Foundry LLC Rochester, United StatesWelcome to Foundry, a cryptocurrency pioneer dedicated to advancing decentralized infrastructure. At Foundry, we're not waiting for a decentralized financial future - we're building it now. By empowering institutions with the tools they need to mine and stake digital assets, we'r ...
-
Compliance Officer
2 days ago
Foundry LLC Rochester, United StatesWelcome to Foundry, a cryptocurrency pioneer dedicated to advancing decentralized infrastructure. At Foundry, we're not waiting for a decentralized financial future - we're building it now. By empowering institutions with the tools they need to mine and stake digital assets, we'r ...
-
Compliance Officer
2 weeks ago
Foundry Rochester, United StatesJob Description · Job DescriptionWelcome to Foundry, a cryptocurrency pioneer dedicated to advancing decentralized infrastructure. At Foundry, we're not waiting for a decentralized financial future — we're building it now. By empowering institutions with the tools they need to mi ...
-
Compliance Officer
3 days ago
Foundry Rochester, United StatesJob Description · Job DescriptionWelcome to Foundry, a cryptocurrency pioneer dedicated to advancing decentralized infrastructure. At Foundry, we're not waiting for a decentralized financial future — we're building it now. By empowering institutions with the tools they need to mi ...
-
Patient Services Rep Full Time
3 weeks ago
Wentworth-Douglas Hospital Rochester, United States Full timeWentworth-Douglass Hospital, an affiliate of Mass General Brigham, is committed to supporting patient care, research, teaching, and service to the community. We place great value on being a diverse, equitable and inclusive organization as we aim to reflect the diversity of the pa ...
-
Patient Services Rep
2 weeks ago
Wentworth-Douglass Hospital Rochester, United StatesPatient Services Rep - 20hrs - Rochester · **Description**: · Wentworth-Douglass Hospital, an affiliate of Mass General Brigham, is committed to supporting patient care, research, teaching, and service to the community. We place great value on being a diverse, equitable and incl ...
-
Purchasing Agent
2 weeks ago
Ramco Supply Rochester, United StatesRamco is a company that strives to operate on Christian Values. We have served customers for over 23 years and are dedicated to a high standard of integrity in all that we do. · At Ramco you would be part of a close-knit conservative team, working for a technologically advanced m ...
-
Patient Services Rep
3 weeks ago
Wentworth-Douglass Hospital Rochester, United StatesPatient Services Rep · **Description**: · Wentworth-Douglass Hospital, an affiliate of Mass General Brigham, is committed to supporting patient care, research, teaching, and service to the community. We place great value on being a diverse, equitable and inclusive organization a ...
-
Quality Manager
3 weeks ago
Albany International Corp. Rochester, United States**Position Summary**: · *** · This is the top quality role in each functioning facility. Incumbent is accountable for decisions within the facility relative to operational compliance with all regulatory requirements and quality system procedures, appropriate use of CAPA and quali ...
-
Quality & Manufacturing Technician
3 weeks ago
Jaeger USA, Inc. Rochester, United StatesSafety, health, and wellbeing of our employees · - Customer Advocacy - Customer First · - Trust · - Integrity - Reliability · - Creativity - Innovation · - Accountability · - Ready for Change - Ready to Change · - Performance Driven · **Job Summary**:The Quality/HSE/Manufacturing ...
-
Fraud Investigative Analyst Supervisor
2 weeks ago
Service Credit Union Rochester, United StatesService Credit Union is seeking a **Fraud Investigative Analyst Supervisor **where you will be responsible for overseeing and performing day to day task management, workload delegation, training, and onboarding of the Fraud Investigative Analyst (FIA) team in the Fraud Department ...
-
Radiant Innovations Monroe City, United StatesWe are looking for a motivated employee (m/f/d) in order processing for one of our client companies based in Frankfurt am Main. The position is to be filled as soon as possible through direct placement. · As part of a dynamic team, you will play a crucial role in ensuring the smo ...
-
Apex Solutions Rochester, United StatesAbout us: · You will take on a versatile role that encompasses two main areas. 1. Administrative and organizational support for the executive board: Responsible for office organization of the executive board, including scheduling, correspondence, business trips, guest management, ...
-
Titan Industries East Rochester, NY, United States FreelanceAre you receiving unemployment benefits (Arbeitslosengeld I or II) and are at least 25 years old with a clean criminal record? Then let us provide you with FREE training to become a specialist in protection and security (Fachkraft für Schutz und Sicherheit M/W/D) in East Rocheste ...
-
Patient Service Rep Advanced
6 days ago
Wentworth-Douglas Hospital Rochester, United StatesWentworth-Douglass Hospital, an affiliate of Mass General Brigham, is committed to supporting patient care, research, teaching, and service to the community. We place great value on being a diverse, equitable and inclusive organization as we aim to reflect the diversity of the pa ...
-
Facilities and Maintenance Manager
1 day ago
Safran Aerospace Composites Rochester, United States**Position Summary**: · Reporting to the Operations Manager, the Facilities and Maintenance Manager oversees all aspects of plant infrastructure, low-carbon programs, capital asset management, and plant/production maintenance to enable safe production operations and habitability ...
-
Documentation Specialist
1 day ago
Republic First National Rochester, United States**Position**: Documentation Specialist · **Location**: Rochester, IN · **Type**: Full-Time · **About Us**: We are a leading financing company specializing in the financing of capital equipment, vehicles, and real property. We are seeking a dedicated and detail-oriented Documentat ...
-
Attorney at Law
5 days ago
Total Energies Rochester, United StatesCandidate Profile · Qualifications Bachelor's degree in law · Master's degree in Commercial Law or other relevant field would be considered as an asset · Minimum 5 years' experience in corporate practice areas, previous experience in renewables sector will be a plus · Previous ...
-
Administrative Assistant-Compliance
4 days ago
AP Professionals Rochester, United StatesAP is currently working with a non-profit organization located in Henrietta. They are seeking an experienced Administrative Assistant who has worked in Compliance/Risk Management to join their team. This is a Direct Hire opportunity to work with a great organization with strong v ...
-
Human Resources Assistant
6 days ago
LaBella Associates Rochester, United States Full timeWe are currently seeking a highly motivated and organized individual to join our team as a Human Resources Assistant. In this role, you will provide administrative support to the HR department and assist with various HR and compliance tasks and programs in a timely, accurate, and ...
BaaS Compliance Officer - Rochester, United States - Five Star Bank
Description
The expected rate of pay for this position is shown above.Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained.
Market and organizational factors are also considered.In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.
Position Title:
Banking as a Service (BaaS) Compliance Officer
Reports To:
Chief Compliance Officer
Department:
Compliance
FLSA Status:
Exempt
Purpose:
Reporting to the Chief Compliance Officer, the Compliance Officer will have overall responsibility for risk management and compliance in our Banking as a Service program.
The successful candidate will ensure that the operations of BaaS partners and providers comply with all federal and state banking laws and regulations related to regulatory compliance.
The Compliance Officer will be responsible for developing, implementing, and maintaining systems and processes to ensure ongoing compliance of all BaaS Deposit and Lending products, including credit cards.
Supervisory Responsibilities:
Degree of Supervision Received:
Minimal
Degree of Supervision Given:
NA
Essential Functions:
Prior Experience:
Required:
Prior Experience: 5+ years experience understanding of and experience applying regulations governing Deposit Accounts and Consumer-based lending products including credit cards.
Preferred:
Prior Experience: 7+ years experience as a compliance officer with significant experience supporting BaaS and credit card programs.
Competencies:
Physical Requirements:
