Austin Capital Bank

Compliance Officer – BaaS

Austin, TX - Full Time

Compliance Officer - BaaS
Full-Time | Austin Capital Bank | Austin, TX 

Company Overview 
Austin Capital Bank is a fast-growing, tech-forward community bank based in Austin, Texas. We’re a nationwide leader in responsible financial innovation—combining the stability of a 500 million dollar regulated bank with the agility of a fintech. Our mission is to deliver simple, reliable, and customer-friendly financial products that improve the financial well-being of people across the country. Our products have touched over a million customers in all 50 states. 
We’ve been recognized on the Inc. 5000 list of fastest-growing companies multiple years in a row—and we’re just getting started. Our team members are approachable, attentive, and trusted problem-solvers who take pride in doing right by our customers and each other. 

Why You’ll Love Working Here 
  • A team that feels like a team – Supportive coworkers, approachable leaders, and a culture that values listening, learning, collaboration…and good snacks 
  • It feels great to contribute to a company that’s winning and growing – our financials say it all – we’re nicely profitable and gaining market share. 
  • Opportunities to grow – Career development, tuition assistance, and room to explore roles across the bank. 
  • 100% Employer-paid medical, dental, & vision insurance – Full coverage for employee-only plans, with affordable family options. 
  • Wellness program – Extra funds from us to help cover your out-of-pocket medical expenses. 
  • Generous paid time off – Start with 16 days per year that grows with tenure. 
  • Paid holidays – 11+ per year, so you can truly unplug. 
  • 401(k) with 4% employer match – Invest in your future with our support. 

Our Core Values 
At Austin Capital Bank, every team member embodies our values. We work, hire, promote, and lead by them: 
  • Wicked Smart – Intellectually and emotionally self-aware. 
  • Take Initiative – A bias to action, movement forward. 
  • No Big Egos – Self-confidence with humility. 
  • Honesty – Respectful and direct forthright communication. 
  • Curiosity – Innovation doesn’t come from drawing within the lines. 
If you’re someone who rolls up their sleeves, leads with integrity, and believes that kindness and high performance can coexist, you’ll fit right in. 

About The Role 
The Compliance Officer – Fintech will play a critical role in overseeing compliance elements of our BaaS relationships and Fintech partnerships. This individual will serve as a subject matter expert on third-party compliance, ensuring our partners meet regulatory expectations and uphold the bank’s standards of integrity.

What You’ll Do 
Third-party Compliance Monitoring & Advisory
  • Monitor and evaluate third-party vendor performance for compliance with regulatory requirements, contractual obligations, and bank standards.
  • Review and advise on vendor contracts with a focus on compliance and risk mitigation.
  • Lead oversight of Fintech partnerships and BaaS relationships.
  • Provide compliance guidance on new products, systems, and strategic initiatives.
  • Assess and communicate risks associated with new and existing Fintech partners and third-party products.
  • Ensure policies and procedures are developed and applied to meet regulatory and ethical standards.
  • Serve as a compliance advisor to senior management on third-party risk and mitigation strategies.
  • Collaborate cross-functionally to resolve compliance issues and implement effective policies.
Reporting, Analysis & Documentation
  • Prepare internal risk assessments for individual third-party relationships and the overall BaaS program.
  • Analyze complaint trends and escalation events from third parties, ensuring corrective actions are taken.
  • Develop and present comprehensive reports to senior leadership on third-party compliance performance.
  • Maintain thorough documentation of third-party transactions and compliance activities for audit readiness.
  • Build and maintain strong relationships with internal stakeholders and external partners.
Other Duties
  • Occasional travel (up to 10%) for training, team meetings, and partner site visits.
  • Ensure ongoing compliance with all applicable regulations, including the Bank Secrecy Act (BSA).
  • Assist in coordinating the gathering of documents for Audit purposes
  • Perform other duties as assigned.
  • Collaborate with the BSA Officer to ensure Fintech and BaaS programs have adequate AML/CFT controls.
  • Review partner AML programs and suspicious activity escalation processes.
  • Participate in oversight of transaction monitoring, sanctions screening, and fraud prevention processes specific to Fintech partners.
  • Support risk-based assessments of partner programs, ensuring appropriate customer due diligence and enhanced due diligence are in place.
  • Provide feedback on suspicious activity reporting procedures and partner performance.
  • Participate in the due diligence and onboarding of new Fintech partners, reviewing program design, flow of funds, and compliance program maturity.
  • Conduct periodic performance reviews of active partners.
  • Lead exit reviews for terminated partnerships.

What You Bring 
Education & Experience
  • Bachelor’s degree in Finance, Risk Management, Business Administration, or related field preferred.
  • 8+ years of experience in banking compliance.
  • Proven ability to collaborate and execute within a fast-paced, team-oriented environment.
  • Strong understanding of federal and state banking regulations.
  • CRCM or equivalent compliance certification required.
  • Experience with Fintech and BaaS preferred but not required.
Skills & Competencies
  • Business insight and sound decision-making
  • Innovation and results-driven mindset
  • Strong communication and emotional intelligence
  • Ability to adapt and collaborate effectively
  • High level of integrity and authenticity
  • Excellent organizational and time management skills
  • Ability to navigate complex, non-standardized problems


 
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