Senior Manager, Bsa/Aml & Economic Sanctions Program

Ripple San Francisco , CA 94118

Posted 2 months ago

Ripple is expanding its Compliance team and seeks to hire an experienced BSA/AML & OFAC Program Director. Reporting directly to Ripple's BSA & Sanctions Officer, this role will be focused on managing day-to-day BSA/AML & OFAC Sanctions program activities and will serve as a subject matter expert to the business on complex AML and global economic sanctions regulatory compliance matters.

WHAT YOU'LL DO:

  • Manage the day-to-day BSA/AML & OFAC compliance program obligations of XRP II, LLC, a money services business and wholly-owned subsidiary of Ripple Labs Inc.

  • Serve as the Subject Matter Expert on BSA/AML & OFAC matters to the business, actively communicating cross-functionally to identify AML and OFAC gaps, implement controls, provide recommendations, and oversee any corrective actions and program enhancements.

  • Evaluate new business proposals, products and services, initiatives, and partnerships for AML, economic sanctions, and export control regulatory compliance for Ripple and its foreign subsidiaries.

  • In coordination with the BSA & Sanctions Officer, conduct annual risk assessments and make annual updates to policies, procedures, and other relevant program documents.

  • Under the direction of the BSA & Sanctions Officer, coordinate responses to third-party audits and regulatory exams and lead remediation efforts of any resulting findings and/or corrective actions in a timely manner.

  • Collaborate with the BSA & Sanctions Officer on quarterly and annual strategic planning priorities to enhance the Program based on new regulations, products and business expansion.

  • Lead the end-to-end implementation of new BSA/AML & OFAC third party analytics tools, draft model documents, and perform annual model validation of both transaction monitoring and sanctions screening tools.

  • Serve as the escalation conduit for all due diligence and investigation reviews, providing guidance and feedback to BSA team members as needed. And, perform root-cause analysis and remediation oversight.

  • Oversee annual QA review and internal audit activities of BSA/AML & OFAC processes and lead remediation efforts of any resulting findings and/or corrective actions in a timely manner.

  • Under the direction of the BSA & Sanctions Officer, build, enhance and deliver BSA/AML & OFAC regulatory compliance training to all Ripple employees.

  • Develop BSA/AML & OFAC program presentations and key metrics to present to internal and external stakeholders.

WHAT WE'RE LOOKING FOR:

  • 10+ years of BSA/AML & OFAC experience

  • 2+ years of people management experience

  • Strong demonstrated knowledge of BSA/AML & OFAC regulations and requirements

  • Proven ability to understand complex AML & OFAC risk and operational issues and develop practical and risk-based solutions

  • Ability to provide practical, strategic and business-oriented advice

  • Ability to effectively present on BSA/AML & OFAC topics to internal and external parties

  • Proven ability to oversee multiple concurrent projects

  • Strong written and verbal communication skills; at ease communicating and presenting to Senior Management

  • Ability to work independently and collaboratively

  • Experience with technology and/or financial services companies

  • Must be CAMS certified

WHAT WE OFFER:

  • The chance to work in a fast-paced start-up environment with experienced industry leaders

  • A learning environment where you can dive deep into the latest technologies and make an impact

  • Competitive salary and equity

  • 100% paid medical and dental and 95% paid vision insurance for employees starting on your first day

  • 401k (with match), fully paid parental leave, commuter benefits

  • Generous wellness reimbursement and weekly onsite programs

  • Flexible vacation policy - work with your manager to take time off when you need it

  • Employee giving match

  • Modern office in San Francisco's Financial District

  • Fully-stocked kitchen with organic snacks, beverages, and coffee drinks

  • Weekly company meeting - ask me anything style discussion with our Leadership Team

  • Team outings to sports games, happy hours, game nights and more!

WHO WE ARE:

Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple's growing, global network (RippleNet), financial institutions can process their customers' payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets.

With offices in San Francisco, New York, London, Mumbai, Singapore, So Paulo, Reykjavk, Washington D.C. and Dubai, Ripple has more than 300 customers around the world.

Ripple is an Equal Opportunity Employer. We're committed to building a diverse and inclusive team. We do not discriminate against qualified employees or applicants because of race, color, religion, gender identity, sex, sexual preference, sexual identity, pregnancy, national origin, ancestry, citizenship, age, marital status, physical disability, mental disability, medical condition, military status, or any other characteristic protected by local law or ordinance.

Please find our UK/EU applicant privacy notice here.


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Senior Manager, Bsa/Aml & Economic Sanctions Program

Ripple