Payments and Fintech Banking Risk Manager (Hybrid)

Payments And Fintech Banking Risk Manager

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. Byline Bank is a member of FDIC and an Equal Housing Lender. At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include :

U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in 2024-2025, 2025-2026.

Chicago Sun Times Chicago's Best Workplaces 2024.

Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management).

Forbes America's Best Small Employers 2023.

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

Objective Of Position :

The Payments and Fintech Banking Risk Manager provides independent oversight, assurance, and effective management of the bank's payments and fintech banking programs with a specific focus on the merchant acquiring BIN sponsorship program. This position manages the formulation of sponsorship policies, procedures, and implementation of a risk management framework, including appropriate second line approvals and ongoing risk management oversight practices of Issuing and Acquiring sponsorship clients.

Duties And Responsibilities :

Leads a cross-departmental team to create and implement a risk management program that includes :

• Development of program processes, policies, and procedures,
• Align program policies with Visa and Mastercard Third Party guidance,
• Develop the bank's high risk and elevated risk merchant categories.

Enhanced due diligence processes regarding high risk and elevated risk merchant categories.

Key credit metrics, risk mitigation strategies, reporting and audit requirements.

Manages the risk management oversight of the Bank's merchant acquiring BIN sponsorship services offered by the bank once implemented, including :

Manages the approval process of new sponsorship clients.

Represent the bank in C-level and strategic discussions, including onsite visits with key clients and represent the bank's approach to risk management and decision making.

Participates in the negotiation of client agreements to align with the Bank's risk appetite.

Rejects or authorizes escalated merchant applications in accordance with set bank standards and risk appetite.

Responsible for the oversight of the activities performed by the line of business.

Serves as merchant acquiring credit underwriting subject matter expert and leads the underwriting review and analysis of elevated risk merchants.

Collaborates with senior management on the development of comprehensive business project plans.

Conducts robust analysis of the program performance data and reports results to appropriate managers and staff.

Reviews reports and data on an ongoing basis to ensure the safety, soundness, and credit risk of the program.

Understands and complies with all Bank policies and procedures, and federal and state laws and regulations pertinent to this position; stays informed and shares updates on changes with management. Required to successfully complete all required Compliance training.

Continuously supports the Bank's Mission Statement and Core Values.

Keeps abreast of changing business and economic developments which impact the loan portfolio and its profitability.

All other duties as assigned.

Qualifications :

Bachelor's degree or equivalent.

5+ years of payments risk experience.

Demonstrated leadership skills, with the ability to successfully lead a team of commercial lenders.

Demonstrated ability to use sound judgment and make decisions in a consistent manner.

Knowledge and experience in credit analysis and commercial loan underwriting.

Deep understanding and subject matter expert in merchant acquiring risk and proficiency in other areas of embedded payments programs, including issuing sponsorship.

Ability to comply with bank policies, procedures, regulations, and laws.

Be a strategic thinker with the ability to develop, communicate and implement plans that support the overall goals of the Bank.

Be recognized as a strategic thinker and creative problem solver.

Ability to work collaboratively with a variety of stakeholders at all levels.

Be self-motivated and an effective time and project manager with a strong attention to detail.

Have strong change management, organizational and planning capabilities.

Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects, and implement high quality solutions.

Demonstrate strong organizational skills with the ability to directly manage and communicate multiple projects and priorities depending on organizational needs and strategies.

Possess strong communication skills both verbally and in writing.

Proficient in use Excel, Word, and PowerPoint.

Strong interpersonal skills, including effective verbal and written communication skills.

Physical Demands / Work Environment :

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices. At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits :

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels. The salary range for this position is between $145,000 to $178,000. In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

Additional Information :

Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and / or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.