AVP Compliance Testing - FinTech

Alexander Barnes; New York (NY); On-site; USD 80,000 - 130,000; Full time

Job summary

An established industry player is seeking a Compliance Testing and Monitoring Manager to enhance its regulatory compliance framework. This role is crucial for developing and optimizing compliance processes, ensuring adherence to U.S. banking laws and regulations. The successful candidate will lead compliance testing activities, manage audits, and prepare detailed reports for senior management. With a focus on financial crime risks and evolving regulations, this position offers the opportunity to make a significant impact in a fast-paced FinTech environment. If you are passionate about compliance and thrive in dynamic settings, this role is perfect for you.

Qualifications

• 3-5 years in regulatory compliance or risk management in financial services.
• Deep understanding of U.S. banking laws and regulations.

Responsibilities

• Drive compliance monitoring and testing processes for regulatory adherence.
• Oversee audits and manage compliance reviews with precision.

Skills

Regulatory Compliance

AML Transaction Monitoring

Analytical Skills

Communication Skills

Risk Management

Detail Orientation

Problem Solving

Education

Bachelor's Degree in Finance or related field

Certification in Compliance (e.g., CAMS)

Tools

Actimize

Verafin

Job description

US Compliance Testing & Monitoring Manager

Alexander Barnes is leading the search for a Compliance Testing and Monitoring Manager to join a fast-growing FinTech transforming corporate credit and payments.

This role will drive the development, execution, and optimisation of compliance monitoring and testing processes, ensuring effective internal controls and adherence to regulatory standards.

Reporting to senior leadership, you'll play a pivotal role in ensuring the business efficiently meets its regulatory obligations.

Key Responsibilities

Regulatory Compliance Oversight

1. Ensure compliance with U.S. banking laws and regulations, including BSA/AML, OFAC, Regulation E, UDAAP, Regulation Z, and consumer protection laws (CFPA, ECOA).
2. Develop and maintain frameworks to address evolving compliance areas, including data privacy regulations (GDPR, CCPA).
3. Adapt compliance processes to align with updates in state and federal regulations.

Testing and Risk Management

1. Plan and oversee compliance monitoring and testing activities, focusing on financial crime risks.
2. Implement risk-based methodologies to identify, assess, and mitigate compliance risks.
3. Refine monitoring and testing procedures to ensure relevance and effectiveness.
4. Leverage compliance tools such as Actimize or Verafin to manage risks efficiently.

AML and Sanctions Compliance

1. Oversee sanctions screening processes and ensure alignment with OFAC regulations.
2. Manage timely and accurate filing of SARs and CTRs with FinCEN.
3. Ensure adherence to Enhanced Due Diligence (EDD) and Know Your Customer (KYC) requirements.

Audit and Examination Preparation

1. Lead preparation for internal and external audits, including pre-exam submissions and post-audit remediation.
2. Manage compliance reviews and regulatory examinations with precision.
3. Act as the main point of contact for regulators and internal stakeholders during audits.

Reporting and Documentation

1. Prepare and publish detailed compliance testing reports for senior management.
2. Track and validate corrective actions to ensure effective resolution of issues.
3. Maintain meticulous documentation of findings, actions, and regulatory communications.

Change and Emerging Risk Management

1. Assess compliance risks for new products and market expansion initiatives.
2. Evaluate risks related to emerging technologies, ensuring alignment with regulatory requirements.
3. Monitor and address compliance risks associated with third-party partnerships and vendors.

About You

Experience and Knowledge

1. 3-5 years in regulatory compliance, compliance testing, audit, or risk management within banking, financial services, or FinTech.
2. Deep understanding of U.S. banking laws and regulations (BSA/AML, OFAC, Regulation E, Regulation Z).
3. Experience with consumer protection laws (CFPA, ECOA) and data privacy regulations (GDPR, CCPA).
4. Familiarity with partner bank models and third-party compliance oversight is a plus.

Skills

1. Proficient with AML transaction monitoring systems such as Actimize or Verafin.
2. Strong analytical skills with a proven ability to assess and manage compliance risks.
3. Exceptional written and verbal communication skills, with the ability to present complex information clearly to senior stakeholders.
4. Highly organized with the ability to manage multiple priorities in a dynamic environment.

Attributes

1. Meticulous attention to detail and precision in documentation.
2. A proactive problem solver with a knack for anticipating challenges.
3. Thrives in fast-paced, high-growth environments.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Legal

Industries

Financial Services, Internet Marketplace Platforms, and Technology, Information and Media