About the Role:
We are seeking an innovative and strategic leader to join our team as the Head of BSA/AML and Compliance. In this pivotal role, you will report directly to executive leadership and oversee the compliance team and serve as the designated BSA/AML Officer. You will ensure full adherence to regulations and requirements, including BSA, AML, CIP, OFAC, FinCEN, and the US Patriot Act.
Key Responsibilities:
- Team Leadership: Provide strategic direction and support to the compliance team, fostering a culture of collaboration and excellence.
- Regulator Expertise: Maintain up-to-date knowledge of BSA/AML, OFAC regulations, and related compliance requirements.
- Compliance Oversight: Manage and ensure adherence to compliance requirements, including UAR submissions, for each sponsor financial institution.
- Advisory Role: Deliver tailored compliance and regulatory solutions to FinTech partners, aligning with business objectives and risk management practices.
- Process Collaboration: Partner with relevant teams on KYC, KYBC, and Enhanced Due Diligence (EDD) processes to ensure robust customer verification protocols.
- Data Analysis: Monitor and analyze reports and transaction data to identify trends, mitigate risks, and detect suspicious activities.
- Strategic Reporting: Prepare and present BSA/AML-related reports to senior leadership and the Board of Directors.
- Training Development: Design and implement comprehensive training programs to ensure team and organizational adherence to BSA compliance standards.
- Risk & Audit Management: Lead BSA Risk Assessments and coordinate audits to evaluate compliance program effectiveness.
- Travel Requirements: Travel as necessary (10% to 15%) to support compliance operations and collaboration with partner institutions.
About You:
- Educational Background: Bachelor’s degree in business, accounting, finance, economics, or a related field.
- Professional Experience: Minimum of 5+ years in Compliance and AML roles, including leadership experience.
- Regulatory Expertise: Deep understanding of BSA/AML Compliance frameworks, regulatory requirements, and interpretation.
- If outside WA, open to relocating.
- 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
What We Do
Mbanq is a global provider of cloud banking technology. We are headquartered in Silicon Valley with additional offices in Europe and Asia.
We master digital banking technology:
Our solution enables you to create a better bank for your customers. With Mbanq, you can run your bank on a fully compliant, vertically integrated solution, that covers the entire range of banking products for retail, corporate, and private banking.
Our digital banking solutions offer everything you need to run your bank, supporting multi-currency accounts seamlessly in both crypto and fiat currencies. We offer full back-office functionality including finance, treasury, regulatory reporting, risk management, and AML. We include white-label mobile and web banking apps with a modern, digital experience. With our open banking API, you can easily extend the solution yourself or take advantage of fintech offerings.
We offer two digital banking solutions:
• Mbanq ABOS (Advanced Banking Operating System) addresses universal banking use cases. It can be deployed in the cloud, or on-premise.
• Mbanq Cloud – designed for Neobanks, micro-finance institutions, and FinTechs. It allows you to launch your bank in minutes, on our fully-managed digital banking platform.
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We operate as SaaS or Banking as a Service:
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Our solutions are based on a SaaS model. However, for non-banks seeking to offer financial services to their customers, we have licenses lined up to offer full Banking-as-a-Service solutions, globally. White label banking is nature of our solution and capability
