Senior Fintech Risk & Fraud Leader

Midland States Bancorp, Inc.; Chicago (IL); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Comprehensive healthcare

Well-being benefits

Paid family leave

Generous paid time off

Employee Stock Purchase Plan

401K with company match

Job summary

Midland States Bank is seeking a Risk & Fraud Officer for Fintech Services in Chicago to lead detection, prevention, and governance of our BaaS fraud program. This leadership role reports to the Senior Manager - Fintech Services and collaborates with executives to align risk practices with strategic goals.

You will build teams, guide investigations, monitor third-party risk, and ensure compliance with BSA/AML and regulatory requirements while delivering innovative fintech solutions.

Qualifications

• Bachelor's degree in finance, risk management, business administration, or related field.
• 8+ years of banking compliance with a strong emphasis on fraud management.
• Minimum of 5 years leading teams with demonstrated success coaching and motivating team members.
• Compliance professional certifications, focus on fraud management (e.g., CFE).
• Experience in Banking as a Service (BaaS) and Fintech is highly desirable.
• Ability to travel up to 10% to various locations nationwide.
• Excellent oral, written, and interpersonal communication skills.

Responsibilities

• Leads development and implementation of fraud detection and prevention strategies for Bank's BaaS offerings.
• Oversees compliance and fraud management processes, ensuring regulatory adherence.
• Investigates suspicious activities and ensures timely reporting and resolution.
• Monitors third-party vendor performance to detect and mitigate fraud risks.
• Partners with Fintech management on integration of new technologies and innovative approaches.

Skills

Regulatory knowledge

Leadership

Strategic thinking

Communication

Education

Bachelor's degree in Finance or related field

Tools

Verafin

Cable

Job description

Midland States Bank is seeking a Risk & Fraud Officer for Fintech Services in Chicago to lead detection, prevention, and governance of our BaaS fraud program. This leadership role reports to the Senior Manager - Fintech Services and collaborates with executives to align risk practices with strategic goals.

You will build teams, guide investigations, monitor third-party risk, and ensure compliance with BSA/AML and regulatory requirements while delivering innovative fintech solutions.