Check

BSA Compliance Officer

Check

Remote job description

Check is a payroll-as-a-service API that lets you embed payroll directly in your vertical SaaS, HR, or time-tracking platform. Our API abstracts away the complexities of running payroll: tax calculation, remittance, and filing, plus the movement of money between companies and employees. This enables companies to easily build fully integrated payroll products to offer to their customers.

The Legal and Compliance team guides our business and technical teams through the myriad regulations that govern payroll processing and money movement. We create and implement Check's policies for internal and external stakeholders and manage audits by regulators and bank partners. Our objective is to provide best-in-class compliance while unlocking opportunities for innovation and superior user experience.

We're looking for an experienced BSA Compliance Officer to lead all aspects of Check's financial crimes compliance, as a non-bank financial institution, licensed money transmitter and registered Money Services Business.

In this role, you will:

  • Act as subject matter expert for the Bank Secrecy Act, equivalent state laws including Part 504 of the New York State Banking Regulations, and U.S. sanctions laws
  • Create and maintain policies and procedures including Know-Your-Business verification, transaction monitoring, sanctions screening, and preparation of Suspicious Activity Reports
  • Advise Check's technical and operations teams on incorporating financial crimes compliance into Check's product and operational practices
  • Audit the policies and practices of Check's vendors to enforce Check's compliance requirements and minimize risk
  • Assess industry risk levels and incorporate related compliance requirements into Check's policies and practices
  • Communicate with federal and state regulators, law enforcement, and bank partners, in formal audits, routine inquiries, and incident reporting
  • Prepare communications and analysis of regulatory obligations for Check customers and end users, including RFI responses
  • Conduct a training needs assessment and lead BSA-related trainings of Check employees
  • Monitor legal developments and industry trends and best practices to ensure that Check is operating at the forefront of applicable requirements
  • Perform additional tasks that serve the legal function and team at Check

Many backgrounds could fit this role, but ideal candidates will have some or all of the following:

  • 5-10 years of relevant experience in a financial crime compliance role at a bank or money transmitter, with increasing levels of responsibility
  • Subject matter expertise in the Bank Secrecy Act, equivalent state laws, and U.S. sanctions requirements
  • Experience advising on compliant procedures including Know-Your-Customer and Know-Your-Business, Enhanced Due Diligence, transaction monitoring and drafting Suspicious Activity Reports
  • Experience drafting policies and guidance documents for internal and external stakeholders
  • An established network of resources in the payments industry and the legal and law enforcement community
  • ACAMS certification or equivalent strongly preferred
  • Past conduct of risk assessments and oversight of audits by federal and state regulators, banks, and other third-parties
  • Experience with fraud prevention, including working with law enforcement and industry groups to detect trends and identify bad actors
  • Superior project management and problem-solving abilities
  • Ability to work alongside technical and operations teams to define legal requirements and ensure their effective application
  • Strong communication skills and ability to bring clarity to ambiguous situations

In the US, Check offers company-sponsored medical, dental, vision, short-term/long-term disability and basic life insurance coverage to all full-time employees, effective on your first day of work. We also provide stock options, flexible PTO and sick leave, 16 weeks of fully paid parental leave for all new parents and flexible return-to-work, 9 annual holidays, a 401k retirement plan, and a $100 monthly stipend for home internet and mobile phone expenses. Benefits may vary outside the US.

The expected annual salary for this role is between $145,000 and $190,000, and is dependent upon each candidate's unique experience and qualifications.

Check is proud to be an Equal Opportunity employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Check is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please let us know at hello@checkhq.com with "accommodations" in the subject line.

Check participates in E-Verify and will provide the federal government with Form I-9 information from all new employees to confirm that they are authorized to work in the U.S. Check does not use E-Verify to pre-screen applicants.




Summary
Company name: Check
Remote job title: BSA Compliance Officer
  • location or timezone

  • category

    Legal
  • yearly salary range

    $145,000 - 190,000
  • posted

    434 days ago

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