What are the responsibilities and job description for the BSA/AML Compliance Officer position at FASTPAY LLC?
The Compliance Officer is responsible for overseeing and administering FastPay LLC’s compliance program in accordance with applicable federal and state regulations governing money services businesses (MSBs) and licensed money transmitters. The Compliance Officer ensures that the company maintains an effective Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) compliance program, manages regulatory obligations, and monitors company operations to ensure compliance with all applicable laws and regulatory requirements.The Compliance Officer acts as the primary point of contact with regulatory authorities and is responsible for maintaining internal controls, policies, procedures, and monitoring systems that prevent financial crime and protect the integrity of FastPay’s operations. Key Responsibilities· Regulatory Compliance· AML / BSA Program Oversight· Sanctions Compliance· Agent and Partner Compliance· Risk Monitoring and Reporting· Regulatory Communication· Internal Policies and Training· Independent Audit Coordination ExperienceMinimum 2–4 years of experience in financial services compliance, preferably with a Money Services Business (MSB), remittance company, or financial institution.Experience managing or supporting AML/BSA compliance programs.Familiarity with regulatory requirements issued by the Financial Crimes Enforcement Network (FinCEN).Experience with transaction monitoring, suspicious activity investigation, and regulatory reporting.Experience working with state money transmitter licensing requirements and regulatory examinations.Experience coordinating independent compliance audits and regulatory reviews.
Salary : $55,000 - $85,000