JOB DETAILS
INTERNAL JOB TITLE Compliance Specialist II
REPORTS TO (LEADER TITLE) VP of Compliance
DATE MODIFIED 10/8/2019
ADDITIONAL JOBDETAILS (FOR HR USE ONLY)
HR to complete post final job description approval
EXTERNAL BUSINESS TITLE
JOB CODE
FLSA STATUS Exempt
CAREER STREAM Professional
CAREER LEVEL P2
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)
Click or tap here to enter text.
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.
Additional Information
CAREER LEVEL DESCRIPTORS (FOR HR USE ONLY)
ORGANIZATIONAL IMPACT
Works to achieve operational targets within job area with direct impact on department results. Works independently on larger, moderately complex projects/ assignments. Sets objectives for own job area to meet the objectives or goals of projects and assignments.
INNOVATION & COMPLEXITY
Responsible for making adjustments or recommended enhancements in systems and processes to solve problems or improve effectiveness of job area. Problems and issues faced are difficult and may require understanding of broader set of issues but typically are not complex. Problems may require understanding of other job areas. Problems are typically solved through drawing from prior experiences, with analysis of the issue.
COMMUNICATION & INFLUENCE
Communicates with contacts typically within the department on matters that involve obtaining or providing information requiring some explanation or interpretation in order to reach agreement. May work to influence parties within own job family at an operational level.
LEADERSHIP & TALENT MGMT May provide guidance and assistance to entry level professionals and/or support teammates.
KNOWLEDGE Requires practical knowledge of job area typically obtained through advanced education combined with experience. |
