FinTech Compliance Analyst

At Luminate Bank, we believe our customer experience is what defines our business. Our mission is to unlock people’s full potential through finances and provide them with clarity through every step of the loan process. We make lending approachable. By bringing transparency and consistency to every part of the financial world, we strive to guide people to decisions that are in their best interest. We have a culture second to none, promote teamwork and growth from within and are continuously striving to take care of both our valued borrowers & our exemplary employees. Come see what we are about!

Position Overview:

The Luminate Bank FinTech Compliance Analyst ensures that our FinTech clients adhere to internal policies, regulatory requirements, and industry standards by assisting with program compliance governance and operations, including KYC/KYB, OFAC/Sanctions/Watchlists screening, and AML transaction monitoring. Analysts collaborate with various departments to develop and enforce effective compliance programs, train our client’s staff on compliance/operations matters, and monitor the effectiveness of the processes implemented by the clients.

Responsibilities and Duties:

• Ensure our client’s programs comply with laws, regulations, and internal policies.
• Analyze business operations, processes, and practices to identify regulatory and/or compliance challenges.
• Monitor various AML reports and accountholder activity to identify and document suspicious/fraudulent activity; and report such activities to the client and Compliance Officer.
• Facilitate FinTech clients’ compliance onboarding process, developing and fostering rapport with clients while managing onboarding projects.
• Escalate potential risks to the appropriate internal and/or external channels.
• Assist with KYC, KYB, and OFAC reviews for onboarding customers via client designated compliance platform(s).
• Perform periodic monitoring and testing of client’s compliance with established policies.
• Perform timely compliance reviews of client’s relevant marketing and advertising, including social media.
• Provide consultation and guidance to client employees on compliance and operational matters.
• Adhere to individual client program service level agreements (SLAs) for customer onboarding and other assigned reviews such as AML transaction monitoring.
• Partner with external audit firm on applicable BSA audit(s).
• Stay up to date on current and pending state and federal laws along with all NACHA, money transmitter requirements, BSA/AML, and other banking regulations pertinent to the banking and FinTech industry.
• Perform other related duties, as assigned.

Qualifications and Skills:

• Precision in review and analysis to ensure compliance with standards and accuracy in operational processes.
• Ability to make independent decisions and make sound judgment calls when reviewing cases.
• Exceptional communication skills.
• Strong research, analytical and problem-solving skills. Demonstrable ability to present proposed solutions along with issues when they arise.
• Excellent time management skills with a proven ability to meet deadlines.
• Knowledge of relevant banking laws and regulations, and industry standards.
• Familiarity with compliance and operations software, identity verification tools, and other relevant technology platforms.
• Ability to prioritize tasks and to delegate when appropriate.
• Highly motivated with ability to function well in a high-paced and deadline driven environment.
• Strong ethical standards and a commitment to maintaining confidentiality and integrity in handling sensitive information.

Education:

• Associates degree or higher.
• Knowledge of KYC/KYB screening, AML compliance procedures, and other relevant federal and state laws and regulations.
• Strong leadership skills as a lead or individual contributor role.
• Over 1 year of related FinTech work experience required.

Benefits:

• Competitive compensation reliant on ability and experience
• Excellent benefits package including health, dental & vision, pre tax savings accounts
• Life and AD&D Insurance, as well as additional voluntary benefit possibilities
• 401K with robust company match
• Flexible PTO program second to none
• The opportunity to work for the Midwest’s fastest growing lender

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.

Travel Requirements:

• Occasional required travel for in-person meetings with clients and conferences.