Lithic creates card issuing and payment infrastructure for technology companies that just works. We help some of the world’s fastest-growing digital banks, fintech companies, and software companies process billions in transactions annually.
Lithic is hiring an experienced AML/BSA Team Lead to oversee and lead our anti-money laundering (AML) and Bank Secrecy Act (BSA) Oversight and Control Team. The AML/BSA Team leader will be responsible for managing a team of analysts, ensuring adherence to regulatory and bank requirements, as well as implementing effective AML/BSA policies and procedures to mitigate financial crime risk. This role requires strong leadership, analytical skills and a deep understanding of AML/BSA regulations.
Responsibilities:
- Team Leadership.
- Lead, mentor and develop the Oversight and Control division of the compliance team.
- Assign and prioritize tasks to team members, ensuring efficient and timely completion of work.
- Conduct periodic evaluations, provide feedback and identify training needs.
- Compliance Oversight.
- Oversee and assist with the day-to-day operations of the AML/BSA Oversight and Control Team, ensuring compliance with all relevant regulations and internal policies. Examples include client onboarding and due diligence, bank and internal program approval, program change management, bank exception requests, initial and ongoing client training,
- Act as a subject matter expert and point of contact for all KYC/KYB and EDD onboarding activities. Respond to questions from internal, external partners, and sponsor banks as well as acting as a key contributor to approval decisions for new products and programs.
- Identify and assess potential risks related to money laundering and terrorist financing.
- Develop and implement strategies to address identified risks and enhance the effectiveness of the AML/BSA program.
- Coordinate with the Head of Compliance and the other compliance teams to respond to various audits, ongoing bank reporting, and issues management.
Qualifications:
- 2 or more years of relevant work experience in Anti-Money Laundering/Know Your Customer or other relevant work experience in a financial services company, legal, regulatory, or consulting firm. ACAMs certification is a plus!
- 2 or more years of management or equivalent team lead experience
- Ability to thrive in a fast paced ever changing environment
- In depth Knowledge of Bank Secrecy Act, AML regulations, OFAC, and the USA Patriot Act
- Experience using third party software to complete identity checks and due diligence reviews such as LexisNexis, Cognito, IDology, Alloy.
- Powerful analytical and problem-solving skills as well as sound judgment and decision making
- Exceptional organization and presentation skills
- Dedication to quality, timeliness and customer centricity
- Experience managing multiple task/priorities successfully
Base Salary: $117,000 - $135,000
This role can be hired in NYC, NY; Austin, TX, Sioux Falls, SD; and Salt Lake City, UT.
- Health, vision, and dental insurance
- Unlimited PTO
- 401(k) match
- Life Insurance and AD&D policy
- 3% cashback on all Privacy purchases
What We Do
We're making digital payments safer and easier for everyone.
Come and help us build financial infrastructure for developers and seamless products for consumers.
We started with a consumer product that reimagines the way people and businesses spend money online using ephemeral payment card numbers. Last year we launched an API on top of our transaction processing and core banking infrastructure. We made it available to other engineers, entrepreneurs, and creators through a simple, developer first API that is now used by some of the most innovative startups, fintech companies, and neobanks.
Why Work With Us
Our team is at the center of everything we do. But we know that work isn't everything, we value work life balance and quality benefits. We strive to be a place where you know your ideas are always heard, you and your teammates learn from each other and make each other better, and you know your work is impacting users and the industry at large.
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