Fintech Sponsorship Compliance Lead

Needham Bank; Medford (MA); Hybrid; USD 70,000 - 91,000; Full time

Benefits offered by this job

Medical and dental insurance

401(k) with match

PTO and holidays

Bonus program

Tuition reimbursement

Employee Assistance Program

Job summary

Needham Bank in Medford, MA is seeking a Compliance Manager for Fintech Sponsorship to oversee compliance across the SBC portfolio with a focus on fintech sponsorship and MSB programs. The role is full-time and hybrid, reporting to the SBC Compliance team and collaborating with business, risk, and regulatory stakeholders to ensure effective oversight and regulatory alignment.

The ideal candidate has 3+ years in fintech/BaaS and 6+ years in banking/regulatory compliance, with a bachelor's degree

Qualifications

• Must have strong communication with customers and internal stakeholders.
• Experience with fintech, BaaS, sponsorship, and embedded banking is preferred.
• Bachelor's degree or equivalent experience required.

Responsibilities

• Lead first line compliance of fintech sponsorship and money services business programs; coordinate with SBC leadership, Risk and Compliance, and BaaS intermediaries.
• Maintain procedures and controls while improving customer experience related to regulatory requirements.
• Conduct annual and quarterly reviews with customers and stakeholders.
• Prepare and deliver reporting on program compliance, risks, and metrics to senior management and the Board.
• Conduct customer outreach to support CIP/KYC and unusual activity escalations.
• Maintain current knowledge of industry news and regulatory updates.
• Perform enhanced due diligence on applying businesses and related parties during onboarding.
• Maintain accurate customer profiles and documentation per recordkeeping requirements.
• Manage compliance alerts and cases related to licensing and investigations; keep notes.
• Support the SBC Operations and Compliance Manager.

Skills

Stakeholder rapport

Independent work

Time management

Analytical skills

Professionalism

Continuous learning

Excel

Education

Bachelor's degree

Tools

Microsoft Office/365

Job description

Needham Bank in Medford, MA is seeking a Compliance Manager for Fintech Sponsorship to oversee compliance across the SBC portfolio with a focus on fintech sponsorship and MSB programs. The role is full-time and hybrid, reporting to the SBC Compliance team and collaborating with business, risk, and regulatory stakeholders to ensure effective oversight and regulatory alignment.

The ideal candidate has 3+ years in fintech/BaaS and 6+ years in banking/regulatory compliance, with a bachelor's degree