Compliance Officer

About the job:

• Reports to the Chief AML Officer (CAMLO) for the enterprise
• Compliance role that is fully dedicated to our licensed, U.S. subsidiary and oversees money transmission and MSB-related activity
• Key position in the organization, requiring a highly ethical individual who can manage sensitive information and make critical decisions to safeguard the integrity of the company and its financial system
• Exciting opportunity to work in a start-up environment

Essential job requirements:

• Maintain an understanding of changes in BSA/AML laws and regulations and adapt company practices accordingly
• Educate and advise management on compliance issues, trends, and emerging threats related to money laundering and financial crimes
• Assist with development and delivery of BSA/AML compliance training programs for staff
• Assist in the development and implementation of policies, procedures, and controls to ensure compliance with applicable regulations
• Assist with process improvements and workflow developments to ensure compliance with internal policy, multi-state, and federal requirements 

• Investigate suspicious transactions and activities, including working with internal teams, law enforcement, and other financial institutions
• File Suspicious Activity Reports as required, ensuring that filings are timely, accurate, and comply with regulatory guidelines
• Prepare and submit required regulatory reports to FinCEN and other appropriate authorities
• Monitor and review customer transactions for suspicious activity, including structuring, large cash transactions, and unusual patterns
• Conduct risk assessments on customers and transactions to identify typologies, emerging trends and patterns, and high-risk activities
• Utilize transaction monitoring software and tools to detect suspicious transactions and initiate investigations

• Assist with state money transmitter license (“MTL”) application requirements, ongoing MTL maintenance and reporting requirements, and renewals
• Serve as the primary point-of-contact for state and federal regulators, for the regulated entity
• Assist with business registrations and ongoing maintenance
• Project manage regulatory requirements for audits and exams and participate in audits and exams of the regulated entity

• Must be able to work well with various people in different departments and think proactively
• Must be able to multi-task, work well under pressure, balance priorities, and meet deadlines

• Exceptional attention to detail and organizational skills are critical and essential; responsiveness is imperative

• Excellent communicator both internally and externally, with ability to break down complex regulatory requirements into easy-to-understand and practical guidance

• Other projects as assigned by the CAMLO

Skills, knowledge, and abilities:

• Bachelor’s Degree in finance, business, criminal justice, or a related field
• CAMS (Certified Anti-Money Laundering Specialist) certification is highly preferred; other relevant certifications may be considered
• Demonstrated experience in money transmission, banking, payments, lending, and regulatory compliance
• Minimum 3 to 5 years of experience in BSA/AML compliance, preferably within the banking and/or money transmission industry
• Experience working with FinCEN, the USA PATRIOT Act, the Bank Secrecy Act, and other related financial crime prevention regulations
• Familiarity with the NMLS system
• Ability to exhibit flexibility and work in a fast-paced environment is critical

Schedule and location:

• Full time, Monday – Friday, 8:00 a.m. to 5:00 p.m.
• Local candidates report to Palo Alto headquarters or the Denver, CO office
• Remote opportunity for candidates outside a commutable distance