Solutions Engineer - BAAS
Company: Midland States Bank
Location: Effingham
Posted on: June 23, 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 SummaryReporting 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
QualificationsEducation/Experience:Bachelor of Science in Computer
Science, Marketing, Finance, or similar required5+ 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 insightCultivates innovationDrives
resultsMakes sound decisionsBeing a brand
championCollaboratesCommunicates effectivelyCustomer focusBeing
AuthenticEmotional IntelligenceSelf developmentBeing 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 EMPLOYMENTPI179853783
Keywords: Midland States Bank, Decatur , Solutions Engineer - BAAS, Engineering , Effingham, Illinois
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