This position exists to lead compliance for the State Small Business Credit Initiative (SSBCI) Programs within the Office of Business Finance (OBF). You will act as the expert on federal and state regulations, set up and maintain compliance procedures, and ensure adherence to transaction and reporting requirements. Your role involves working both within the division and with external partners to ensure effective compliance and reporting processes.

Duties:

• Oversee the development and updates of comprehensive guidelines, procedures, and standards for all SSBCI programs to ensure compliance with state and federal laws, rules, and regulations.
• Provide leadership to SSBCI program administrators and advise approved lenders and investors on transaction issues, ensuring compliance with state and federal laws, rules, and regulations.
• Oversee the collection and maintenance of transaction-related SSBCI data for tranche requests and quarterly and annual reports.
• Advise OBF supervisors and executive director on compliance issues related to non-SSBCI programs administered by OBF.

This position is telework eligible and is occasionally required to be on-site at the office. Staff are provided with the tools and equipment to be successful in a virtual work environment and may telework from anywhere in Minnesota or a neighboring state. Please note, the telework policy could change with notice based on business needs.

Minimum Qualifications

Please ensure that your resume clearly describes your experience in the areas listed and indicates the beginning and ending month and year for each job held. Only applicants whose resumes clearly demonstrate fulfillment of each of these minimum qualifications will be considered for this position.

Four (4) years* of experience in public administration, lending operations or venture capital operations, including a strong understanding of legal and compliance aspects related to government regulations.

*A Bachelor’s degree in Public Administration, Legal Studies, or a closely related field as determined by the agency may substitute for one (1) year of experience; a Master’s degree in Public Administration, Law or Legal Studies, or a closely related field may substitute for eighteen (18) months of experience; a Juris Doctor (JD) or Master’s degree in Law or Legal Studies with an emphasis in Business Law and Compliance may substitute for twenty-four (24) months of experience.

Applicants that meet the above minimum qualification will be further evaluated on the following:

• Ability to learn and adapt to updates in laws, regulations, and procedures.
• Skill in attention to detail with demonstrated accuracy in work.
• Skill in technology, including Microsoft Office Suite and other relevant software.
• Skill in communication with stakeholders and staff at all levels, and external clientele.
• Knowledge of legal and financial aspects of economic development, such as small business finance, venture capital, or state or federally funded economic development programs.
• Knowledge of federal, state, and local laws and regulations relevant to the role.

Benefits

As an employee, you'll have access to one of the most affordable health insurance plans in Minnesota, along with other benefits to help you and your family be well.

Your benefits may include:

• Paid vacation and sick leave
• 12 paid holidays each year
• Low-cost medical, dental, vision, and prescription drug plans
• Fertility care, including IVF
• Diabetes care
• Dental and orthodontic care for adults and children
• 6 weeks paid leave for parents of newborn or newly adopted children
• Pension plan that provides income when you retire (after working at least three years)
• Employer paid life insurance to provide support for your family in the event of death
• Short-term and long-term disability insurance that can provide income if you are unable to work due to illness or injury
• Tax-free expense accounts for health, dental, and dependent care
• Resources that provide support and promote physical, emotional, social, and financial well-being

Support to help you reach your career goals:

• Training, classes, and professional development
• Federal Public Service Loan Forgiveness Program (Some positions may qualify for the Public Service Loan Forgiveness Program. For more information, visit the Federal Student Aid website at studentaid.gov)

Employee Assistance Program (EAP) for work/life support:

• A voluntary confidential program that helps employees and their families with life challenges that may impact overall health, personal well-being, or job performance
• Common sources of stress can be addressed through the EAP: mental health, relationship challenges (personal and work), grief and loss, finances, and legal issues
• Daily Living/Convenience Services: Chore services, home repair, trip planning, child/elder care

Programs, resources and benefits eligibility varies based on type of employment, agency, funding availability, union/collective bargaining agreement, location, and length of service with the State of Minnesota.