Just five months into Compliance First Banking Solutions’ launch of its outsourced compliance services, CFBS welcomes its newest member of the team and second Compliance Operations Specialist, Nathan Stumme. Joining the KBA from Houston, Texas, Nathan has worked in the financial services industry for six years, serving as a consumer loan processor and vendor management specialist before most recently working as an internal auditor. Prior to working in financial institutions, Nathan studied computer science at Wartburg College in northeast Iowa and worked in technical support for small businesses.
Nathan brings a wealth of knowledge and a positive approach to compliance with him to CFBS. Working in many different types of financial institutions “has given me a well-rounded understanding of how compliance is done in multiple areas of the financial industry,” says Nathan. His positive approach to compliance demonstrates his commitment to helping Kansas banks provide excellent services to customers while integrating compliance seamlessly into the bank’s processes and procedures.
“Many people see compliance as scary, stressful, or a roadblock, but I see it as fun and collaborative. Compliance is no more daunting than your favorite tabletop game or building a treehouse. It may not always be easy, but it’s an activity we can all do together and feel good about what we accomplished. My goal is to show people how to enjoy compliance and make it one of the best parts of their day, rather than a necessary evil.”
Nathan will be joining Compliance Operations Specialist Erica Friedt in heading up Compliance First Banking Solution’s outsourced compliance services, which has made a positive impact on the Kansas banks it serves since it was rolled out in January of this year. CFBS provides compliance management and organization services, tailoring specific approaches to the needs of the bank. The banks that utilize CFBS’ compliance services receive monthly compliance reviews and customized in-house training. CFBS’ team of compliance specialists work with bank personnel to perform risk assessments, review and develop policies, and implement procedures all while ensuring rigorous compliance with the ever-growing rules and regulations banks must follow. The CFBS Compliance Operations Specialists also have the support of a team of compliance experts with many years’ experience in banking and compliance.
CFBS helps banks weather the storm of high turnover and retirement of long-time compliance officers. CFBS can help with business continuity planning by providing a constant and dependable compliance solution for banks and is valuable as part of a bank’s strategic plan for future changes in personnel, providing a cost-effective alternative solution to adding and training additional employees.
There is no one size fits all approach to compliance. Compliance First Banking Solutions will work closely with you to tailor a compliance solution to fit your bank’s needs. If you are interested in the service, please contact Erica Friedt at efriedt@ksbankers.com.
