Director of Risk & Compliance, Restaurant365
$125-185k
Restaurant management software
Job no longer available
Restaurant management software
1001+ employees
Job no longer available
$125-185k
1001+ employees
Company mission
To help restaurants increase sales control food costs, and optimize labor.
Role
Who you are
- Bachelor’s degree in Accounting, Finance, or equally relevant degree or an equivalent combination of education and applicable work experience
- 8+ years as a project or program manager with direct demonstrated experience in BSA/AML compliance and operations or 8+ years in relevant compliance operations role in banking or financial services
- Advanced knowledge of compliance programs, practices, and related issues including KYC, EDD, and PEP (politically exposed persons) in the payments industry and in-depth knowledge of financial terms, principles, regulatory expectations, and best practices
- In-depth expertise in BSA/AML regulations, risk and mitigation strategies, and typologies
- A metrics-driven approach to analyze business/financial data and create substantiated solutions
- Strong communication, problem solving and process management skills with demonstrated ability to relationship build, establish credibility, and maintain high standards, respect and trust
- Excellent verbal, written and presentation communication skills with the ability to communicate sophisticated banking/payment topics and issues effectively and concisely to executives, team members and others
- An ability to work cross-functionally in a fast-paced and dynamic environment
- In-depth understanding of compliance, operational risk, internal control framework and customer friction
- Strong risk assessment capabilities and experience is required
- Project management experience with strong organizational skills is required
- Demonstrated passion and agility leading within a high-growth technology company or start-up
- High professional standards and expectations for self and others
- Proficient in Microsoft Office products such as Outlook, Word, Excel, PowerPoint, SharePoint, etc.
What the job involves
- The Director of Risk and Compliance coordinates the development, review, implementation, application, audit, and updates to comprehensive programs, policies and procedures in compliance with requirements that regulate Restaurant365 business operations in the areas of payroll, paycards, payment processing, and banking
- The Director will partner with Executive Officers and senior leaders to guide and advise on policy management and industry best practices to maintain compliance and manage risk for the company
- Build operational processes and procedures to ensure compliance with applicable laws, regulations, payment network rules and industry best practices, for current and future Restaurant365 offerings and partnerships, including, but not limited to Payroll, Paycards, Bank Sponsors and Processing Partners
- Evaluate Banking Secrecy Act (BSA) / Anti-Money Laundering (AML), Know Your Customer (KYC), and Enhanced Due Diligence (EDD) banking requirements for new and existing products or features
- Evaluate the bank's policies, procedures, and processes to assess, manage, and mitigate potential risks associated with foreign individual customers who the bank has designated as politically exposed persons (PEPs)
- Develop and maintain program frameworks and governance over the enhanced due diligence program
- Create tactical and scalable solutions for operational teams to manage compliance tasks and risks
- Make recommendations for and assist in executing process improvements and procedure updates for the leadership team
- Draft and maintain relevant documentation and content for changes to the program in accordance with regulatory updates, new products, and overall Compliance team policies and procedures
- Communicate the progress of and oversee the end-to-end implementation of each operational change to leadership and relevant stakeholders
- Stay informed of regulatory developments, payment network rules, industry trends and understanding business practices and Restaurant365 roadmaps to drive decisions to achieve complete results
- Other duties as assigned
Our take
Restaurant management can be rather outdated, often relying on spreadsheets and physical receipts. Restaurant365 develops all-in-one management software solutions for the restaurant industry, encompassing accounting, analytics, staff, and inventory management within its toolkit.
Restaurant365’s customer base isn’t just restaurants though, it’s software attracts accounting firms that work with restaurants as well as small eateries and large franchises. It’s expansive customer base is reflected in the amount of funding that it has received since its founding in 2011, now making it a verified Unicorn.
Restaurant365’s most recent round of funding came in 2024, and its $175 million will be invested into further enhancing its product. The company's success is unprecedented, as most would bet that restaurant industries post-pandemic would struggle to get back on their feet. Restaurant365 defied expectations though, and actually turned out to be the company that COVID-hit restaurants relied on to keep their heads above water. This goes some way to explain the success of Restaurant365, which is a proven aid for the ailing dining industry.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
118% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
May 2024
$175m
GROWTH EQUITY VC
May 2023
$135m
LATE VC
Total funding: $437.5m
Company benefits
- Fully Covered Health Insurance: R365 provides comprehensive medical, dental, and vision coverage—100% paid for full-time employees.
- Flexible Time Off: Recharge when you need, so you can stay energized and focused.
- 401k with employer math.
- Stock options to purchase equity.
- Health Savings and Flexible Spending Accounts.
- Employee discount programs to lifestyle vendors and servcies.
- Annual learning and development reimbursement.
- Access to LinkedIn Learning.
- Employee recognition and TIP program.
- Fertility guidance and support.
- Online legal solutions.
- Paid parental leave.
- Disability insurance.
- Pet and life insurance.
- Wellness programs.
- Health concierge and support.
- Meditation and mindfulness courses.
- Gym discounts and virtual fitness classes.
Company HQ
East Irvine, Irvine, CA
Leadership
Tony Smith
(Co-Founder & CEO)Previously on the Board of Directors at Dynamic Methods. Before that, they were a Director of Services there.
Morgan Harris
(Co-Founder & Chief Customer Advocate)Previously Partner and Co-Founder at Dynamic Methods, Account Executive/Senior Consultant at Foreshock and Auditor at PriceWaterhouseCoopers.
John Moody
(Co-Founder, Chief Strategist & Board Member)Previously CRM Managing Partner and Board Member at Dynamic Methods.
Share this job
View 15 more jobs at Restaurant365