Compliance Analyst BSAAML

About Found

The selfemployed workforce is a rapidly growing, resilient, and colorful 60 million Americans. But selfemployment comes with its own set of challenges: navigating taxes, accounting, bookkeeping, and business banking are just a few. That’s where we come in.

Found is building tools that give selfemployed people the security and peace of mind that has historically only been possible at big corporations. We’re a business bank account that automates taxes and expense tracking because we believe small business owners should spend more time doing what they love and less time on their business finances.

We’re looking for kind, resourceful, and passionate people to join us in building the safety net for selfemployment.

About this role:

Hi, I’m Charlie, and I’m a Compliance Lead here at Found. Thanks for your interest in Found! Our team is responsible for Bank Secrecy Act (BSA), AntiMoney Laundering (AML), and Office of Foreign Asset Control (OFAC) compliance, regulatory compliance, including Compliance Management System (CMS). We provide daytoday advice to business units to promote responsible innovation and stay compliant with laws, rules, and regulations. This position will be responsible for assisting with tracking, gathering, and responding to incoming Requests for Information (RFI) and subpoena requests from our sponsor bank, regulators, and law enforcement. Additionally, this position will conduct BSAAML transaction monitoring, Suspicious Activity Reporting (SAR) decisions, and SAR writing, as well as perform know your customer (KYC), customer due diligence (CDD), and enhanced due diligence (EDD) reviews. The individual in this position will be expected to build collaborative relationships with all levels of the organization, both within the compliance department and with various stakeholders across business units and Found’s partner bank. I personally review every application, so if you have any questions, please include them in your application.

Day to day, you will:

• Track, compile, and respond to incoming account level Requests for Information and subpoenas received by the sponsor bank, regulators, and law enforcement.

• Prepare monthly reports related to newly acquired customers, transaction monitoring, and Suspicious Activity Reports (SARs).

• Conduct ongoing BSAAML and OFAC transaction monitoring and escalate results and issues as necessary.

• Review, assess, and document steps taken during the BSAAML investigation process.

• Prepare and file Suspicious Activity Reports (SARs), and maintain necessary records and files to assure consistent and efficient reporting.

• Crosstrain in other areas of compliance testing and monitoring.

• Perform special projects related to compliance as needed.

• To thrive in this role, you have:

  • 25 years of experience with BSAAML and OFAC transaction monitoring and reporting requirements.

  • 25 years of experience with Compliance Management System requirements.

  • Proven ability to effectively communicate both orally and in writing.

  • Exceptional organizational skills.

  • Experience in responding to RFI and subpoena requests.

  • Proven ability to foster a collaborative working environment.

  • You may also have:

    • CAMS certification

    • Experience with Alloy, Socure, SentiLink, Asana, and ZenDesk

    • Knowledge and familiarity with UDAAP, COPPA, Privacy, CANSPAM, ESign, Regulation CC (EFAA), RFPA, NACHA.

    • Previous startup experience, consulting experience, or demonstrated technical initiative on previous projects.

    • Compensation at Found

      The anticipated wage range for this role is $95,000 $125,000 per year. The range listed represents the low and high end of the anticipated salary range for this position across all US locations. Within the range, individual pay is determined by several factors, including jobrelated skills, experience, and relevant education or training. Our competitive base salary is just a piece of Found’s total compensation package. Found offers a generous benefits package to all employees. See our list below, or check out found.comcareers to learn more!

      About You

      Found is built by a team that comes from a variety of backgrounds and experiences, and we firmly believe that diversity, equity, and inclusion are crucial to our success. As we grow, we’re searching for passionate and motivated team members who are excited to bring their skill set to the team and are ready to learn from others.

      If you are looking for a role where you will have the opportunity to make a meaningful contribution and great impact, we would love to hear from you!

      Perks & Benefits of Found

      • 401K, FSA, and Commuter Benefits: We offer all employees access to taxefficient benefit options alongside competitive base compensation.

      • Paid parental leave: Found supports employees through all stages of life, which is why new parents employed by Found qualify for 16 weeks of flexible parental leave.

      • Health benefits: Comprehensive medical, dental, and vision benefits and are always 100% covered for employees, 90% covered for dependents.

      • Work anywhere: We have Found offices in SF and NYC. For team members who work outside those cities, Found also supports fully remote working.

      • Meaningful equity: Everyone on our team should feel and act like an owner, which is why Found offers industrycompetitive equity to all of our employees.

      • Flexible vacation policy: Vacations, appointments, mental health days take the time you need, whenever you need to with our flexible timeoff policy

      • To learn more about our benefits or the team please go to found.comcareers.