JOB SUMMARY

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.

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.

PREFERRED QUALIFICATIONS

• Experience collaborating with legal professionals or teams.
• Legal studies degree, certified paralegal, or juris doctorate.
• Advanced credentials in economic development or small business finance.
• Experience building, administering, and maintaining compliance processes.
• Experience developing and presenting training for stakeholders in compliance-related areas.
• Experience as a subject matter expert or lead worker to professional-level staff.
• Our employees are dedicated to ensuring cultural responsiveness. Preferred candidates will have a variety of experiences working effectively with others from different backgrounds and cultures.

ADDITIONAL REQUIREMENTS

A job offer will be contingent upon successfully passing a background check. The background check may consist of the following components:

• Criminal Background Check
• Employment Records Check (current and former State employees only)
• Employment Reference Check
• Conflict of Interest Review
• Driver’s License and Records Check

The Minnesota Department of Employment and Economic Development will not sponsor applicants for work visas. All applicants must be legally authorized to work in the U.S.

APPLICANTS WITH DISABILITIES

Minnesota state agencies make reasonable accommodations to their employees and applicants with disabilities. If you have a disability and need assistance in searching or applying for jobs with the State of Minnesota, call the Careers Help Desk at 651-259-3637 or email careers@state.mn.us and let us know the support you need.
The Department of Employment and Economic Development is an equal opportunity, affirmative action, and veteran-friendly employer, and encourages all qualified candidates to apply for job opportunities. If you are an individual with a disability who needs assistance or cannot access the online job application and search tools, please contact Karen Lilledahl at Karen.Lilledahl@state.mn.us. Please indicate what assistance is needed.

LI-Hybri

THE WORK YOU’LL DO IS MORE THAN JUST A JOB.

At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities.

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.