Compliance Analyst, Found
BSA/AML
$95-125k
+ Equity
Business banking for the self-employed
Open for applications
Business banking for the self-employed
101-200 employees
Open for applications
$95-125k
+ Equity
101-200 employees
Company mission
To simplify finances for the self-employed.
Role
Who you are
- 2-5 years of experience with BSA/AML and OFAC transaction monitoring and reporting requirements
- 2-5 years of experience with Compliance Management System requirements
- Proven ability to effectively communicate both orally and in writing
- Exceptional organizational skills
- Experience in responding to RFI and subpoena requests
- Proven ability to foster a collaborative working environment
Desirable
- CAMS certification
- Experience with Alloy, Socure, SentiLink, Asana, and ZenDesk
- Knowledge and familiarity with UDAAP, COPPA, Privacy, CAN-SPAM, E-Sign, Regulation CC (EFAA), RFPA, NACHA
- Previous startup experience, consulting experience, or demonstrated technical initiative on previous projects
What the job involves
- Our team is responsible for Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) compliance, regulatory compliance, including Compliance Management System (CMS)
- We provide day-to-day advice to business units to promote responsible innovation and stay compliant with laws, rules, and regulations
- This position will be responsible for assisting with tracking, gathering, and responding to incoming Requests for Information (RFI) and subpoena requests from our sponsor bank, regulators, and law enforcement
- Additionally, this position will conduct BSA/AML transaction monitoring, Suspicious Activity Reporting (SAR) decisions, and SAR writing
- Moreover, this position will be responsible for maintaining the compliance marketing repository
- The individual in this position will be expected to build collaborative relationships with all levels of the organization, both within the compliance department and various business units
- Track incoming account level Requests for Information received by sponsor bank, regulators, and law enforcement
- Gather, compile, and respond to the requested account-level RFIs and subpoenas
- Prepare monthly reports related to newly acquired customers and customer complaints
- Communicate with partner banks, regulators, and law enforcement officers
- Conduct ongoing BSA/AML and OFAC transaction monitoring and escalate results and issues as necessary
- Review, assess, and document steps taken during BSA/AML investigation process
- Prepare and file suspicious activity reports (SARs), and maintain necessary records and files to assure consistent and efficient reporting
- Cross-train in other areas of compliance testing and monitoring
- Perform special projects related to compliance as needed
Our take
Traditionally, freelancers have been burdened with the need to juggle multiple tools and solutions to handle their bookkeeping, invoices, and tax responsibilities. In response to this challenge, Found was established with a mission to simplify financial management for the self-employed, providing them with precious time, cost savings, and peace of mind.
Established by two former Square executives with experience in payroll and SaaS solutions, Found functions as a financial hub for freelancers. It enables users to seamlessly manage their finances by offering services such as income deposits, the issuance of dedicated company debit cards, and tax calculations. Additionally, Found equips freelancers with real-time business insights and streamlines the process of making quarterly tax payments.
As the gig economy continues to thrive, the number of self-employed individuals has seen remarkable growth in recent years. In light of this trend, Found is dedicated to capitalizing on the opportunity by expanding its marketing efforts and enhancing its product offerings. Through these strategic moves, Found aims to further support its ever-growing customer base.
Freddie
Company Specialist at Welcome to the Jungle
Insights
33% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Feb 2022
$60m
SERIES B
May 2021
$12.8m
SERIES A
Total funding: $75.3m
Company benefits
- 401K, FSA, and Commuter Benefits: We offer all employees access to tax-efficient benefit options alongside competitive base compensation
- Paid parental leave: Found supports employees through all stages of life, which is why new parents employed by Found qualify for 16 weeks of flexible parental leave
- Health benefits: Comprehensive medical, dental, and vision benefits are always 100% covered for employees, 75% covered for dependents
- Work anywhere: We have Found offices in both SF and Seattle and for team members who work outside those cities, Found also supports fully remote working
- Meaningful equity: Everyone on our team should feel and act like an owner, which is why Found offers industry-competitive equity to all of our employees
- Flexible vacation policy: Vacations, appointments, mental health days- take the time you need, whenever you need to with our flexible time-off policy
Company HQ
SoMa, San Francisco, CA
Leadership
Lauren Myrick
(CEO & Co-Founder)Studied Economics at UC Santa Barbara, and joined Deloitte as an Associate. Worked in Finance at EmSense Corporation, and was General Manager of Payroll at Square.
Connor Dunn
(CIO & Co-Founder)Studied Computer Science at the University of Warwick, and worked as a Software Engineer at Trigger Corp. Was an Engineering Lead at Square.
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