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AML/BSA Officer

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Stripe

2mo ago

  • Job
    Full-time
    Expert Level
  • Legal
    Banking & Finance
  • United States
    Remote

AI generated summary

  • You need 10+ years in AML roles, 5+ years managing teams, in-depth knowledge of relevant regulations, experience with complex initiatives, and a strong compliance culture mentality.
  • You will monitor compliance for transactions, investigate suspicious activities, manage risk culture, advise on expansion, drive tech-focused solutions, and liaise with regulators and partners.

Requirements

  • 10+ years experience in an AML role preferably within the financial services industry (payments, banking, money services businesses).
  • 5+ years of experience managing a team
  • In-depth knowledge of the Bank Secrecy Act, USA PATRIOT Act, OFAC regulations, and other relevant regulations.
  • Demonstrated experience executing complex Financial Crimes initiatives.
  • Proven track record of developing and rolling out large-scale compliance initiatives
  • Comfort juggling numerous aspects of an AML compliance program.
  • Ability to work efficiently and independently in a fast-paced, high-volume environment.
  • Ability to work cross-functionally with internal stakeholders.
  • An effective and relatable “culture of compliance” mentality.

Responsibilities

  • Ensure US merchant acquiring Compliance and Financial Crimes frameworks, policies and programs and controls (e.g., KYC, Transaction Monitoring, Regulatory Reporting, Sanctions, and Risk Assessment) incorporate regulatory requirements and industry best practices.
  • Monitor financial crimes compliance for US merchant acquiring transactions.
  • Ensure that all transactions that are identified as potentially suspicious are investigated, reviewed in accordance with established procedures; and appropriate escalation and measures to mitigate Stripe’s risk exposure are taken.
  • Set, lead and manage the culture of risk and compliance across the team and work with Legal, Risk, Financial Crime and Compliance teams to define our risk appetite.
  • Serve as Anti-Money Laundering Officer for US merchant acquiring business and perform all responsibilities of said role.
  • Provide strategic advisory to Stripe’s business teams on expansion initiatives from a financial crimes perspective both enabling Stripe’s growth and providing advice on risk mitigation.
  • Serve as a thought leader for supporting and driving innovative, technology-focused compliance solutions with regulators and financial partners.
  • Partner with the team’s other Compliance Officers to enhance our Financial Crimes program through contributing to strategic planning, goal setting, and more.
  • Build and maintain Stripe’s relationship with regulators and financial partners.

FAQs

What is the primary focus of the AML/BSA Officer role at Stripe?

The primary focus of the AML/BSA Officer role is to manage merchant acquiring-related financial crime and maintain the AML/BSA compliance program to protect Stripe and its users from financial crime.

What experience is required to apply for the AML/BSA Officer position?

The position requires a minimum of 10+ years of experience in an AML role, preferably within the financial services industry, as well as 5+ years of experience managing a team.

Is experience in payments or banking preferred for this role?

Yes, experience in payments, banking, or fintech is preferred for the AML/BSA Officer position.

What kind of regulatory knowledge is necessary for this position?

In-depth knowledge of the Bank Secrecy Act, USA PATRIOT Act, OFAC regulations, and other relevant regulations is necessary for this position.

Does the role involve working with regulators and financial partners?

Yes, the role involves building and maintaining relationships with regulators and financial partners.

What is the expected salary range for this position?

The annual US base salary range for this role is $155,600 - $233,400, which may include several career levels at Stripe.

Is certification important for this role?

Yes, a CAMS certification is preferred for the AML/BSA Officer position.

What kind of work culture is the AML/BSA Officer expected to promote?

The AML/BSA Officer is expected to promote a strong "culture of compliance" within the team.

How does Stripe view the intersection of technology and compliance in this role?

Stripe seeks someone who is enthusiastic about applying innovative technology approaches to enhance compliance and protect users from financial crime.

Will the AML/BSA Officer be reporting to anyone?

Yes, the AML/BSA Officer will report to the Merchant Acquiring Chief Risk and Compliance Officer.

Can applicants from outside the US apply for this role?

Yes, applicants interested in this role from outside the US may request the annual salary range for their location during the interview process.

What are some key responsibilities of the AML/BSA Officer?

Key responsibilities include ensuring compliance frameworks are up to date, monitoring financial crime compliance, investigating suspicious transactions, providing strategic advisory, and serving as a thought leader in compliance solutions.

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Stripe

Help increase the GDP of the internet.

Technology
Industry
1001-5000
Employees
2010
Founded Year

Mission & Purpose

Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Headquartered in San Francisco and Dublin, the company aims to increase the GDP of the internet.