Job Description

About the Role:

We are seeking an innovative and strategic leader to join our team as the Head of BSA/AML and Compliance. In this pivotal role, you will report directly to executive leadership and oversee the compliance team and serve as the designated BSA/AML Officer. You will ensure full adherence to regulations and requirements, including BSA, AML, CIP, OFAC, FinCEN, and the US Patriot Act.

Key Responsibilities:

1. Team Leadership: Provide strategic direction and support to the compliance team, fostering a culture of collaboration and excellence.
2. Regulator Expertise: Maintain up-to-date knowledge of BSA/AML, OFAC regulations, and related compliance requirements.
3. Compliance Oversight: Manage and ensure adherence to compliance requirements, including UAR submissions, for each sponsor financial institution.
4. Advisory Role: Deliver tailored compliance and regulatory solutions to FinTech partners, aligning with business objectives and risk management practices.
5. Process Collaboration: Partner with relevant teams on KYC, KYBC, and Enhanced Due Diligence (EDD) processes to ensure robust customer verification protocols.
6. Data Analysis: Monitor and analyze reports and transaction data to identify trends, mitigate risks, and detect suspicious activities.
7. Strategic Reporting: Prepare and present BSA/AML-related reports to senior leadership and the Board of Directors.
8. Training Development: Design and implement comprehensive training programs to ensure team and organizational adherence to BSA compliance standards.
9. Risk & Audit Management: Lead BSA Risk Assessments and coordinate audits to evaluate compliance program effectiveness.
10. Travel Requirements: Travel as necessary (10% to 15%) to support compliance operations and collaboration with partner institutions.

Requirements:

About You:

1. Educational Background: Bachelor’s degree in business, accounting, finance, economics, or a related field.
2. Professional Experience: Minimum of 5+ years in Compliance and AML roles, including leadership experience.
3. Regulatory Expertise: Deep understanding of BSA/AML Compliance frameworks, regulatory requirements, and interpretation.
4. If outside WA, open to relocating.

Benefits:

1. Competitive base salary.
2. A role that has a decisive impact on positioning our team and company for future growth.
3. Collaboration with Senior experts from different fields, based in the US and globally.
4. A culture that encourages trust & promotes an ownership mentality and rapid career growth.
5. Health Insurance Reimbursement Program.

Job Tags

Similar Jobs