Compliance Specialist II
JOB OVERVIEW
As a member of the Legal, Risk and Compliance Group, the Compliance Specialist II plays a role in day-to-day execution of important elements of the regulatory compliance program.You will team with others to execute existing programs and processes as we continue to grow and scale.We are a licensed money transmitter and you will be integral to ensuring our compliance with all applicable licensing and compliance related matters with a particular emphasis on license maintenance, OFAC screening and transaction monitoring, including SAR reporting, other federal and state compliance requirements and responding to regulatory examination requests.
JOB RESPONSIBILITIES
- Responsible for delivering requirements of Anti-money laundering (AML), Bank Secrecy Act (BSA), Customer Due Diligence programs, SAR reporting and OFAC screening programs.
- Keep accurate records of workflows that meet regulatory requirements.
- Identify and escalate issues appropriately and effectively.
- You must be creative in designing and leveraging efficient processes and technology in order to scale the function in order to keep pace with our growth.
- Identify and leverage cost efficient technology solutions to automate processes.
- Support good regulatory relationships; and support the Head of Compliance and other team members in responding accurately and effectively to regulatory requests and audits.
- Keep current on industry practices and regulatory changes applicable to our business, including emerging financial technology laws and regulations.
EXPERIENCE, QUALIFICATIONS & SKILLS
Required Experience, Qualifications, and Skills
- 3 - 5 years of compliance and regulatory procedure, process and operational experience in payments, financial services or banking.
- State licensing reporting and maintenance experience.
- Experience executing effective regulatory compliance programs.
- Working knowledge of money transmitter/money service business regulations in the US and AML regulations, including CDD or KYC, Transaction Monitoring, Suspicious Activity Reporting, and OFAC sanctions screening.
- Experience conducting due diligence and document production for regulatory examinations.
- Strong organizational, project management, and communication skills.
- Strong analytical, presentation and writing skills.
- Bachelor’s degree or equivalent required (e.g., BA, History; BS, Business Administration; BA, English; other)
Preferred Experience, Qualifications, and Skills
- Experience working with a FinTech or licensed money transmitter.
- Enterprise or operational risk management skills a plus.
- Applicable professional certification (e.g., CAMS, etc.)
- Typically requires a University Degree or equivalent experience and minimum 3 years of prior relevant experience.
