BSA Compliance Officer - Financial Crimes

About Us:

Mbanq is a Banking-as-a-Service provider with operations and customers in the United States. Mbanq was established to provide the technological capabilities necessary to create and operate digital financial services. Mbanq’s solutions are suitable for both retail and corporate clients. Consumer use cases supported range from the basic debit programs (DDA account with a Debit Card) to pay-day advances, personal lines, loans, and secured credit cards. Corporate use cases are currently focused on DDA accounts with Debit cards plus real-time access to all payment rails (standard ACH, Same Day ACH, FedWire, RTP, SWIFT), card issuing and acquiring capabilities, compliance services, and white-labeled web & mobile apps. 

About the Role: 

The Senior BSA Compliance Officer reports to the Head of Risk and Compliance, is a strategic member of the compliance team and will be the designated BSA Officer. This position is critical in ensuring clients and Mbanq comply with various BSA/AML/CIP/OFAC (BSA) requirements and will lead the Financial Crimes team. Responsible for developing, implementing, and maintaining BSA/AML framework, systems, and processes to ensure ongoing compliance as it relates to multiple FinTech partnerships and the Banking as a Service (BaaS) framework. Will advise the Head of Risk and Compliance and other staff of issues and recommendations to correct, preserve and/or enhance compliance activities. Individual must stay current on applicable state and federal regulatory requirements as well as designated policies, procedures, and practices. 

Requirements

What you'll do day-to-day:

• Maintains current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations. 

• Provide FinTech partners with compliance-as-a-service and regulatory-as-a-service deliverables, including guidance and support related to BSA/AML matters  

• Partner with Sales and Onboarding on timely and thorough execution of Know Your Customer (KYC), Know Your Business (KYCB) and Enhanced Due Diligence (EDD) and responsibilities. 

• Performs daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature. 

• Facilitates BSA/AML monthly and quarterly reporting for senior leadership (Mbanq and FinTech partners). Reporting of monthly metrics to compliance and FinTech leadership/BoD and up through Mbanq.  

• Assists in the development, coordination, and facilitation of training programs to educate bank personnel about BSA related compliance requirements and procedures. 

• Facilitate in the preparation and execution of the independent BSA Risk Assessment and audit; in addition, to other external audits and testing. 

• Periodic travel to headquarters and other meetings as necessary (10 to 15% travel). 

About You:

• A Bachelor’s degree in business, accounting, finance, economics, or a related business discipline. 

• 3-5+ plus years of experience in Compliance and AML roles, and 2-3 years experience as a people manager 

• BSA/AML Compliance expertise gained through the ability to understand and interpret financial regulations and design and implement appropriate compliance controls 

• Strong presentation and relationship management skills, with the ability to communicate and articulate regulatory requirements and/or resulting analysis effectively, while inspiring confidence and with an enthusiastic and approachable style. 

• Highly effective executive communication skills and experience creating persuasive arguments and presentations intended to educate and influence others 

• Must have prior experience successfully supporting business units with the execution of aforementioned responsibilities. 

• Excellent leadership skills demonstrated through problem-solving skills, ownership of issues seen through to resolution, providing sound guidance to the business, and positively influencing organizational culture. 

• Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly changing environment. 

• Proficiency in the use of Risk Management tools and systems to analyze the degree of compliance with external regulations. 

Benefits

• Competitive base salary 

• A role that has a decisive impact on positioning our team and company for future growth 

• Collaboration with Senior experts from different fields, based in the US and globally 

• A culture that encourages trust & promotes an ownership mentality and rapid career growth 

• Health Insurance Reimbursement Program

• Unlimited PTO