BSA Compliance Associate, BlueVine
$74.3-89.2k
More information about location
2 days a week in office (Jersey City, NJ)
Accessible and modern financial services
Job no longer available
Accessible and modern financial services
501-1000 employees
Job no longer available
$74.3-89.2k
More information about location
2 days a week in office (Jersey City, NJ)
501-1000 employees
Company mission
To empower small businesses with innovative, personalized banking.
Role
Who you are
- 2+ years of BSA Compliance experience; commercial banking and/or fintech experience preferred
- Bachelor's degree or equivalent work experience
- Working knowledge of the Bank Secrecy Act, USA PATRIOT Act, and other relevant regulations, guidelines, and best practices
- Ability to analyze complex data, detect patterns, and identify unusual activity
- CAMS Certification
- Prior experience with external audit, regulators, or bank partners
What the job involves
- The BSA Compliance Associate will play a pivotal role in ensuring Bluevine’s compliance with Bank Secrecy Act (BSA) regulations and internal policies
- Reporting directly to the BSA Officer, you will lead internal monitoring and testing activities, coordinating with various business teams to gather necessary information for internal control testing
- You’ll also act as a subject matter expert and primary contact for first-line teams, ensuring adherence to all relevant regulations and assisting in the development and enhancement of BSA-related processes and controls
- Monitoring & Testing: Conduct internal monitoring and testing efforts to assess compliance with BSA regulations
- Subject Matter Expertise: Serve as a point of contact for first-line teams, providing guidance on compliance matters
- Reporting Management: Oversee unusual activity reporting and manage 314(a) compliance
- Reporting & Analysis: Prepare monthly reports, identify trends, investigate root causes, and address potential issues
- Issue Remediation: Assist in remediation efforts by collaborating with the BSA Officer and relevant business partners to address identified gaps and implement recommendations
- Ad Hoc Requests: Respond to ad hoc requests, escalate issues as needed, and incorporate feedback from manager reviews and quality control processes
Our take
Founded in 2013, BlueVine offers a suite of banking services for small and medium businesses (SMBs). BlueVine began as a small business lender, and have since expanded into a small business banking service in late 2020.
Having already loaned billions of dollars with tens of thousands of active customers, BlueVine aims to be the largest bank in the United States for small businesses. While there are over 4,000 banks in the US which are theoretically rivals in this ambition, few of them target the SME market or provide a comprehensive range of financial services to meet their needs.
In 2021 BlueVine appointed Steve Allocca (PayPal, LendingClub, Wells Fargo) as COO. As a small business owner himself, and having worked on SMB-oriented projects at PayPal, his appointment is a smart move as BlueVine moves to net the flurry of new SMBs opening. The company is currently focused on developing its financing products and increasing the range of services available to its customers.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
19% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Nov 2019
$102.5m
GROWTH EQUITY VC
Jul 2018
$12m
SERIES E
Total funding: $327.5m
Company benefits
- Medical
- Dental
- Vision
- Competitive salaries
- 401K plan
- PTO & Holidays
- Parental leave
- Life insurance
- Commuter pass
- Weekly catered lunches
- Volunteering events
- Happy hours
Company values
- Lead with Integrity - We continuously strive to earn the trust of our customers, partners, and team members
- Operate as Owners - We hold ourselves accountable and take ownership of our responsibilities and actions
- Push Boundaries - We think big—pushing ourselves and our customers to break new ground and reach new heights
- Grow Together - We create opportunities for all, believing that everyone deserves a fair shot at success
Company HQ
Centennial, Redwood City, CA
Articles
Leadership
Eyal Lifshitz
(CEO)They have an MBA from The University of Chicago Booth School of Business. They were a Principal at Greylock IL and an Associate at McKinsey & Company.
Nir Klar
(CTO)They studied for an MBA from Tel Aviv University. They have an extensive software engineering background, and were the CTO of Planet SOHO and Media Layers.
Salary benchmarks
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