BSA/AML Compliance Officer, Comun
+Equity
Visa sponsorship
Wealth building for immigrants in the US
Be an early applicant
Wealth building for immigrants in the US
21-100 employees
Be an early applicant
+Equity
Visa sponsorship
21-100 employees
Company mission
To promote social mobility for immigrants and their families.
Role
Who you are
- We are looking for a highly motivated and experienced BSA/AML Compliance Officer to join our team in New York City
- Strategic thinker: You can see the big picture and align product and compliance goals with company strategy. You use your compliance knowledge to set guardrails during product discussions
- Collaborative Leader: You build strong relationships across teams, fostering collaboration and ensuring all voices are heard. You excel in managing project stakeholders and timelines through clear and effective communication
- Innovative Problem Solver: You thrive in ambiguity and can bring clarity to complex situations. You use creative thinking and relevant frameworks to develop innovative solutions to challenging problems
- Adaptable and Resilient: You are flexible and can quickly adapt to changing priorities. You see setbacks as opportunities to learn and grow, displaying resilience in the face of challenges
- Owner: You show passion and care for your work and the company's trajectory. You set ambitious personal and professional goals, bringing energy and dedication to your role
- Resourceful: You can figure out solutions independently and leverage your network to employ best practices. You are constantly seeking ways to uplevel and raise the bar for yourself and the team
- 5-7 years of experience in BSA/AML compliance at a bank or financial institution
- Certified Anti-Money Laundering Specialist (CAMS) designation
- Deep understanding of BSA/AML regulations and financial crime risks, including sanctions compliance, and their application to various financial products and services
- Strong analytical skills and the ability to interpret complex regulatory requirements and translate them into actionable policies
- Ability to work collaboratively, in a fast-paced environment, with senior management, business, and other stakeholders
- Strong decision making and problem solving skills with a high level of integrity
- An interest in serving an underserved community :)
What the job involves
- Reporting directly to the Head of Compliance, this role is critical in ensuring our organization meets and exceeds all regulatory expectations
- As the BSA/AML Compliance Officer, you will lead the design, implementation, and maintenance of Comun’s BSA/AML compliance program
- Your primary responsibility will be to ensure adherence to applicable regulations, including the Bank Secrecy Act (BSA), USA PATRIOT Act, FinCEN regulations, OFAC sanctions, and FATF recommendations
- Lead BSA/AML Program: You will develop and maintain BSA/AML policies, procedures, and controls that reflect the latest regulatory changes, industry best practices, and emerging risks
- Risk Assessment and Monitoring: You will conduct the annual BSA/AML compliance risk assessment to identify money laundering and financial crime risk across Comun’s operations
- You will oversee the transaction monitoring systems and the review of suspicious activities to ensure that identified risks are properly mitigated. You will lead and monitor the completion of Unusual Activity Reports (UARs), customer due diligence (CDD), and enhanced due diligence (EDD) processes
- You will regularly assess internal controls and procedures to improve the effectiveness of the BSA/AML program and respond to emerging risks
- Audit/Exam Management: You will coordinate responses to BSA/AML-related audit and regulatory inquiries and act as the primary point of contact regarding BSA/AML matters
- Training: Review and implement compliance training for Comun staff on relevant BSA/AML requirements. You will promote a culture of compliance across Comun and help employees understand their role in maintaining a robust and effective BSA/AML program
- Compliance Oversight and Reporting: You will provide regular reports to senior management and the Board regarding the effectiveness of the BSA/AML program, regulatory developments, and compliance trends
- You will serve as a key advisor to senior leadership on matters related to financial crimes and risk mitigation strategies
Our take
In the US, it is difficult for immigrants to access financial services or build financial stability for themselves and their families. Barriers such as language, lack of documentation and the cost of services contribute to a structural opportunity gap. This is what Comun hopes to combat.
Acting as a financial ally for its users, Comun enables Latino immigrants in the US to open a checking account using any valid ID from their home country. Having this account enables people to deposit cash, send money home securely, access their paycheck early and talk to support in their own language.
All these features combine to make Comun the perfect place for people to gain control and peace of mind over their finances. This valuable idea has gained the interest of investors, who supplied funds that the company will use to build a financial hub with expanded solutions and resources.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Funding (last 2 of 3 rounds)
Aug 2024
$21.5m
SERIES A
Feb 2023
$4.5m
SEED
Total funding: $30.5m
Company benefits
- Generous equity
- Medical, dental, and vision insurance
- 401(k)
- Gym Pass subscription
- Daily office lunch
- Paid parental leave
- Unlimited PTO
- Remote work when traveling
- Bi-annual company-wide destination offsites
- Visa sponsorship
Company HQ
Midtown Manhattan, New York, NY
Articles
Leadership
Andres Santos
(CEO)Previously an Investor with FJ Labs, Category Head at Sigma Alimentos and Founder and CEO at Neomesa.
Abiel Gutierrez
(CTO)Previously Tech Lead / Manager (Growth) at Brex. Interned in SWE/PM at Adyen, and in Engineering at Apple and Carbon Five.
Salary benchmarks
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