BSA/AML Analyst, Toast
Financial Crimes Compliance
$71-114k
+Equity
Point of sale and management system for restaurants
Open for applications
Point of sale and management system for restaurants
1001+ employees
Open for applications
$71-114k
+Equity
1001+ employees
Company mission
Toast's mission is to enrich the food experience for all.
Role
Who you are
- Typically requires a Bachelor’s degree and a minimum of 2 years of related experience in a BSA/AML role, preferably in a fast-paced FinTech environment; or an advanced degree without experience; or equivalent work experience
- Track record of career growth and commitment to taking on new responsibilities
- Demonstrated track record of self-sufficiency and ability to lead projects independently with little oversight
- Strong working knowledge of Financial Crime typologies and relevant regulations
- Strong communication (both written and verbal) and organizational skills
- Detail-oriented with the ability to meet firm deadlines
Desirable
- Certified Anti-Money Laundering Specialist (CAMS)
- Familiarity with SQL, Looker, or Snowflake
- Experience navigating LexisNexis’ Bridger software
- Experience with Alloy software
What the job involves
- Toast, Inc. seeks a dedicated BSA/AML Analyst II to join the BSA Officer and Program Lead in ensuring that the company meets all relevant laws and requirements domestically and internationally through a robust Financial Crimes Compliance program
- The BSA/AML Analyst II will be responsible for analyzing and reporting unusual activity and performing day-to-day operational functions, as well as providing strategic support, to drive program initiatives surrounding regulatory adherence in addition to the detection, mitigation, and reporting of financial crimes
- Monitor, investigate, and report suspicious activity to FinCEN per regulatory requirements and escalate unusual activity to Sponsor Banks when necessary
- Perform Enhanced Due Diligence on applicants engaging in nonstandard behavior
- Provide sign-off for new partner diligence requests after vetting procedures
- Review alerts and customer profiles flagged via automated screening software
- Assist in updating Financial Crimes Compliance procedures related to investigations, Suspicious Activity Monitoring and Reporting, Sanctions Screening, Internal Escalations, etc
- Participate in Quality Control initiatives surrounding investigation processes and transaction monitoring currently worked by Fraud teams
- Provide day to day support in pursuit of maturing the investigations/operations team to develop commensurate with Toast’s growth into additional markets/products
- Provide Subject Matter Expertise to internal stakeholders regarding financial crime regulation and best practices
- Facilitate external audit, testing, and examination requests
Our take
Running a restaurant means managing a stressful set of elements, all needing to work together seamlessly to create a good experience for diners. Toast helps to streamline processes, and puts an end to piles of paperwork, by providing a platform whereby tableside ordering, menu modifications, labour management, payroll, and more are all housed in one system that can run from a tablet.
Toast offers restaurant-grade hardware and cloud-based customisable payment solutions to serve clients from startup through to growth phase, as well as a service for established restaurants. By combining all the digital services a restaurant might need, the platform can act as the one and comprehensive solution for restaurants of any size, avoiding restaurateurs having to invest in a range of technologies.
Toast has over 70,000 restaurants on its books, from food trucks to national brands, and its mobile ordering and payment solutions have made it a recognized brand for consumers. The company's IPO in 2021 saw it valued at over $30 billion and since then, it has added more features to its product suite including wholesale and catering order tools. Toast then, has proven its place as an indispensable player in the restaurant space.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
28% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Feb 2020
$400m
SERIES F
Apr 2019
$250m
SERIES E
Total funding: $899m
Company benefits
- Peer and company recognition programs
- Unlimited Vacation
- Sabbatical opportunity after five years
- Professional Development Reimbursement Program
- Commitment to Employee Wellness through resources such as a quarterly Wellness Stipend
- Various peer and company recognition programs
- 401(k) and matching
- Medical, Dental, & Vision Coverage
- Mental Health Benefits
- Subsidized backup childcare
Company values
- We're one team - There’s no “I” in Toast. The only way we’ll succeed is by solving problems together and sharing lessons along the way. As individuals we own our actions, support and respect each other, and embrace our differences.
- We embrace a hospitality mindset - Empathy is our default. We strive to make everyone – from employees and customers to partners and beyond – feel like they belong. We’re fiercely passionate about our community, and are devoted to their success.
- We're driven by purpose - We deliver results with integrity. Challenging work is rewarding work, and accomplishing our goals requires a mix of grit, resilience, and humor.
- We're always hungry - No problem is too big to solve if we stay hungry for innovation. The bigger the idea, the better.
- We lead with humility - Great ideas come from anywhere or anyone, regardless of tenure, title, or background. We believe your opinion matters, and that open and honest feedback is a gift. Act on it.
Company HQ
Fenway–Kenmore, Boston, MA
Articles
Leadership
Steve Fredette
(President)They studied at MIT before co-founding Klick Mobile in 2009 and spending almost 7 years at Endeca. They left their Management role in June 2012 having co-founded Toast in May.
Aman Narang
(CEO)Having studied Computer Science at MIT, they worked at Endeca for 5 years. They moved from working as Product Manager to work full-time as President of Toast in 2013, having co-founded it the previous year.
Jonathan Grimm
(CTO)They also studied Computer Science at MIT before working as an Engineer for Endeca for over 4 years. They worked at Oracle for 5 months prior to co-founding Toast in May 2012.
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