Solutions Engineer - BAAS
Company: Midland States Bank
Location: Effingham
Posted on: May 13, 2022
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Job Description:
At Midland States Bank, we believe that when we can bring our
whole selves to work each day, we become happier, more comfortable,
more confident and more excited to do great things for our
customers, each other and our company. We're proud to be an Equal
Opportunity and Affirmative Action employer. At Midland, we
recruit, employ, train, compensate and promote without regard to
race, color, religion, gender, gender identity or expression,
sexual orientation, national origin, genetics, disability, age, or
veteran status. If you are looking for a place to grow, we
encourage you to apply at Midland States Bank, because you belong
here.
Position Summary
Reporting to the Senior Product Owner - Banking as a Service
(BaaS), the Solutions Engineer - Banking as a Service (BaaS) will
provide strategic analysis in working alongside Senior Management
to execute on the BaaS vision and product roadmap. This role will
serve as the solution analyst for the BaaS Operating team and
Committee. You'll be charged with working directly with the Senior
Product Owner - BaaS, Chief Digital Officer(CDO) and BaaS Committee
members to foster and monitor the compliance and success of new and
ongoing relationships with industry leading BaaS aggregators and
Fintechs.
In this highly visible role, you will assist in the management of
the portfolio of systems and applications used by our BaaS partners
and ensure our partners and internal teams are using them
effectively and in accordance with contractual agreements and bank
control requirements. The Solutions Analyst will meet these
objectives through planning, research, data analysis, report
development, system parameter reviews, and functional requirements
documentation.
Primary Accountabilities
Provide leadership and promote Midland States Bank Core Vision and
Values. Working alongside the Product Owner - BaaS and Key Risk and
Compliance Partners in attracting and developing and analyzing new
and existing relationships with industry leading fintechs.
Assisting management with the implementation and maintenance of the
Bank's Enterprise Risk Management (ERM) framework. Manage the
ongoing due diligence and vendor or fintech risk assessment tasks.
Create and present performance reports associated with the ongoing
performance of new and existing fintech partners. Evaluate fintech
engagements with ongoing reviews to identify and manage fintech
risk which may include completion of inherent and overall risk
assessments. Provides technical, operational, and risk consulting
and advisory services to Key Business Process Owners, team leaders
and other business stakeholders. Responsible for coordinating with
the BaaS Operating Committee and Board the creation and ongoing
risk reporting associated with new and existing fintech adherence
to established risk and compliance controls. Responsible for
day-to-day exception reporting and monitoring of fintech's usage of
platforms to be aligned with bank and contractual covenants.
Perform review procedures to verify fintech compliance with
applicable bank controls and risk mitigation strategies. Partnering
with the Product Owner - BaaS in ensuring that products and
solutions delivered by fintech meet the needs and requirements
contractually established. Be responsible for clearly understanding
the BaaS vision and ensuring operation and risk practices for the
bank and fintechs align with that vision. Conduct necessary
research to understand fintechs in the pipeline and assist with
diligence as assigned. Proactively keep stakeholders, dependencies,
and managers updated on relevant fintech risks and roadblocks.
Assist with new systems research and evaluations. Be able to map
bank and fintech business processes. Assist with workflow design
and process improvement. Directly or indirectly lead others.
Staying abreast of legal, regulatory, market, industry, and
environmental changes impacting Midland States Bank's third-party
risk landscape. Assisting Risk Management to identify and report
residual exposure. Maintain compliance with all applicable
regulations including but not limited to, the Bank Secrecy Act
(BSA).
Position Qualifications
Education/Experience:
Bachelor of Science in Computer Science, Marketing, Finance, or
similar required 5+ years of experience in IT, Risk Management,
Digital or Fintech Solutions Development with a strong technical
background. Demonstrated experience in helping translate functional
ask to technical work. Demonstrated experience and understanding of
prioritization of work. Requires knowledge of systems that are used
in financial institutions and fintechs. Adaptable, juggling
multiple and sometimes changing priorities. Ability to explain
different software development lifecycle strategies and when to use
them. Ability to think creatively and recognize and encourage
creativity in others. Self-motivated with the aptitude to work
independently with minimal supervision. Capable of communicating
appropriate level of process and technical detail across different
organizations and hierarchies. Able to influence and lead without
formal authority.
Competencies:
Business insight Cultivates innovation Drives results Makes sound
decisions Being a brand champion Collaborates Communicates
effectively Customer focus Being Authentic Emotional Intelligence
Self development Being flexible and adaptable
If you require reasonable accommodation in completing this
application, interviewing, completing any pre-employment testing,
or otherwise participating in the employee selection process,
please direct your inquiries to Midland States Bank Human Resources
at HR@midlandsb.com .
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR
EMPLOYMENT
PI175608443
Keywords: Midland States Bank, Decatur , Solutions Engineer - BAAS, Engineering , Effingham, Illinois
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