Senior Compliance Analyst, Credit Key
+ Equity
Instant B2B point-of-Sale financing payment option
Open for applications
Instant B2B point-of-Sale financing payment option
21-100 employees
Open for applications
+ Equity
21-100 employees
Company mission
Transforming payments for B2B digital commerce to empower small businesses.
Role
Who you are
- The ideal candidate will bring a deep understanding of compliance regulations in the bank industry, as well as a proactive approach to managing risks
- 3 - 5 years of experience in a compliance role, preferably within fintech, bank sponsorship, or financial services
- In-depth knowledge of AML/CFT, OFAC, and other Regulations of ECOA/Fair Lending, FCRA/FACTA, SCRA, FDCPA and risk assessments
- Experience in compliance monitoring, testing, and regulatory reporting
- Familiarity with SOC compliance, vendor management, and third-party risk oversight
- Strong analytical skills with the ability to assess risk and implement practical solutions
- Excellent communication and collaboration skills to work with internal teams, bank sponsor partnerships, and auditors
- Must be a self-starter with the ability to work independently in a fast-paced environment
- Certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CRCM (Certified Regulatory Compliance Manager) are a plus
What the job involves
- We are seeking an experienced Sr. Compliance Analyst with a strong focus on Anti-Money Laundering (AML) / Countering the Financing of Terrorism (CFT) compliance to support our business and bank sponsorship partner
- This role is critical in developing, implementing, and maintaining AML/CFT processes, conducting risk assessments, and ensuring regulatory compliance across our business and bank sponsorship partner
- Reporting to the VP of Compliance, the Sr. Compliance Analyst will play a key role in monitoring, testing, and enhancing AML/CFT compliance frameworks while also contributing to broader compliance initiatives such as Office of Foreign Assets Control (OFAC) risk assessments, SOC compliance, and vendor management
- Design, implement, and maintain AML/CFT policies, procedures, and controls to ensure compliance with federal and state regulations
- Conduct AML/CFT and OFAC risk assessments, identifying potential risks and recommending mitigation strategies
- Lead the monitoring and testing of AML/CFT controls across the business, identifying areas for improvement
- Develop and manage AML/CFT training programs for internal teams
- Establish and enhance ongoing monitoring and testing processes to evaluate the effectiveness of the AML/CFT compliance program
- Conduct enhanced due diligence (EDD) reviews and investigations of high-risk merchants and borrowers.
- Monitor suspicious activity transactions and file suspicious activity referrals with the bank partner, as appropriate
- Prepare compliance reports for senior leadership and regulatory bodies as required
- Assist in managing SOC compliance efforts, ensuring adherence to industry standards
- Support vendor due diligence and ongoing monitoring for third-party service providers
- Stay current with regulatory developments, including guidance from FinCEN, OFAC, FDIC, OCC, and other relevant agencies
- Collaborate with internal stakeholders to ensure the business meets regulatory and bank partner expectations
- Assist the VP of Compliance with regulatory examinations, audits, and reporting obligations
Our take
There are more than $9T in B2B payments processed in the U.S. each year, of which small to medium sized enterprises make up roughly $4.5T. Despite this, B2B e-commerce lags far behind B2C in technology advancement, despite being more than twice the market size. In particular, business trade credit is in dire need of modernisation.
Credit Key is a B2B financial services technology company that allows merchants to offer an instant "buy now, pay later" function that is seamlessly integrated at checkout. With a focus on improving customer experience at checkout, Credit Key exists alongside other payment methods but aims to usurp them via two key selling points: On the one hand, it allows buyers to access instant and transparent payment plans, delaying the costs they have to bear up front, and on the other, since Credit Key assumes the credit risk and any loan servicing, it is able to offer the merchant a risk-free transaction.
Credit Key has partnerships with the likes of Olam, optimise.health and HS Wholesale. With a key focus on growth at the moment, Credit Key will be pushing to increase its footprint in the B2B payments market as fast as possible.
This being said, there are some key developments surrounding the "buy now, pay later" model that Credit Key will want to keep a close eye on. In the UK, for example, growing concerns about the capacity of "buy now, pay later" schemes to create large amounts of individual debt have led to greater regulation of their usage in B2C transactions, and though this does not directly affect Credit Key's market, it may be a trend which could affect them in future.
Freddie
Company Specialist at Welcome to the Jungle
Insights
27% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Oct 2022
$15m
EARLY VC
Nov 2020
$33.9m
SERIES A
Total funding: $51.4m
Company benefits
- Medical, dental and vision plans
- 401k match
- Unlimited PTO
- Cell phone, internet and home office stipend
- Flexible work
Company HQ
La Brea, Los Angeles, CA
Leadership
John Tomich
(CEO)John also co-founded Onestop Internet in 2004 and served as the company's CEO until July 2015. They are also the co-founder of LEKFIT.
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