Senior Manager, Compliance Advisory

0011 Checkout LLC; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

0011 Checkout LLC is seeking a Senior Manager to serve as the U.S. Compliance Advisory Lead, responsible for overseeing compliance programs and managing regulatory risks in New York. This role is crucial for U.S. expansion, focusing on Anti-Money Laundering regulations and compliance with state laws.

The ideal candidate will have over 8 years of compliance experience at a regulated U.S. financial institution, a deep understanding of KYC, AML/CFT, and a strong ability to communicate and build relationships across functions.

Qualifications

• 8+ years of compliance experience at a regulated U.S. financial institution.
• Strong understanding of compliance risks associated with financial institutions.
• Knowledge in Payments/Fintech industry and compliance with U.S. state money transmission.
• Experience dealing with regulators in a senior compliance role.

Responsibilities

• Support the Americas Compliance team and oversee the Compliance Program.
• Serve as BSA/AML Officer for U.S. entity.
• Manage compliance risk and reporting for bank and payment network partners.
• Develop compliance policies and oversee AML compliance program.

Skills

Analytical problem-solving

Strong communication

Cross-functional relationship building

Ownership and accountability

Job description

Job Overview

To support our ongoing expansion across the Americas region, Checkout.com is now actively seeking a highly-driven and energetic Senior Manager to serve as U.S. Compliance Advisory Lead. This role reports into the Head of Americas Compliance and is part of the Global Compliance Advisory function. The role will be instrumental in supporting broader U.S. expansion, focusing on regulatory, bank partner and payment network initiatives, including but not limited to leading state regulatory exams, drafting compliance policies, and establishing processes to comply with Anti-Money Laundering regulations in the U.S., including the Bank Secrecy Act ("BSA"), PATRIOT Act of 2001, the Anti-Money Laundering Act of 2020, and rules issued by the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). The stakeholder will join a growing Americas team dedicated to Compliance and will work closely with external regulators and various internal functional partners (Sales, Onboarding, Transaction Monitoring, Legal, Product etc.), ensuring compliance with all applicable regulatory requirements.

Role Overview | Remit and Responsibilities

Support the Americas Compliance team and oversee the Compliance Program to manage all sources of regulatory risk and provide reporting which meets the needs of our bank partners, payment network partners, and regulators.

Incoming leader will serve as:

• BSA/AML Officer for Checkout’s main FinCEN regulated U.S. entity.
• BSA/AML Officer and Chief Compliance Officer for Checkout’s regulated entity which holds state money transmitter licenses.

Among other duties, the incoming Compliance leader will be responsible for:

• Providing strategy, direction, and oversight for the U.S. Compliance team, ensuring adequate risk management practices are implemented for these regulated U.S. legal entities.
• Working jointly with other senior management in the US and at the Group level.
• Being the primary Compliance person responsible for managing relationships with state regulators, bank partners, and payment networks, and assisting in activities required to maintain licenses and partner relationships in good standing.
• Assist with setting up governance committees needed for our US regulated entities.
• Oversee and assume overall responsibility for Compliance statutory, regulatory and management reporting in line with external and internal policy requirements.
• Developing compliance policies and procedures that are designed to comply with applicable external requirements and group-wide policies.
• Managing the overall anti-money laundering compliance program for the referenced entities, including the filing of suspicious activity reports.
• Review escalations from the first line of defense, approving merchant applications and making sure necessary Customer Due Diligence is performed.
• Maintain legal entity specific compliance risk assessment highlighting control gaps where necessary.
• Communicating with all necessary staff to ensure they understand their responsibilities and are trained in Checkout.com policies and procedures to identify financial crime issues and elevate any suspicious activity.
• Supporting the business and signing off, where necessary, to launch new products and assess the associated risks in accordance with regulatory requirements.
• Maintain awareness of compliance industry trends including financial crime risks.

Qualifications

The ideal candidate for the role will bring:

• 8+ years of compliance experience at a regulated U.S. financial institution.
• Strong understanding of compliance risks associated with financial institutions as well as payment network specific compliance requirements.
• Knowledge and experience within the Payments/Fintech industry and compliance with U.S. state money transmission compliance requirements.
• Experience dealing with regulators in a senior compliance role with robust knowledge on key compliance topics including KYC, AML/CFT, Sanctions.
• Highly analytical, strategic problem solver with strong ideas and foresight.
• Strong communicator with the ability to build cross-functional relationships.
• Ability to handle multiple tasks with tight delivery schedules and prioritize accordingly, communicating roadmaps and deliverables clearly and articulately.
• Strong sense of ownership and accountability.
• Humility, low-ego, and will be an ideal champion of our mission and values.