Senior Manager, BSA

About Us:

Small businesses are the backbone of the US economy, comprising almost half of the GDP and the private workforce. Yet, big banks don’t provide the access, assistance and modern tools that owners need to successfully grow their business.

We started Novo to challenge the status quo—we’re on a mission to increase the GDP of the modern entrepreneur by creating the go-to banking platform for small businesses (SMBs). Novo is flipping the script of the banking world, and we’re excited to lead the small business banking revolution.

At Novo, we’re here to help entrepreneurs, freelancers, startups and SMBs achieve their financial goals by empowering them with an operating system that makes business banking as easy as iOS. We developed modern bank accounts and tools to help to save time and increase cash flow. Our unique product integrations enable easy access to tracking payments, transferring money internationally, managing business transactions and more. We’ve made a big impact in a short amount of time, helping thousands of organizations access powerfully simple business banking.

We are looking for a Senior Manager, BSA who understands how to interpret regulations and build innovative programs from the ground up, prioritizes micro- and macro-communication, and can communicate cross-department with data-driven and comprehensive approach. If you're passionate about finding the right balance of innovation and compliance for underserved markets, then we want to chat. Are you ready to revolutionize the small business banking industry with us?

About the Role:

• Policies & Procedures - Maintain and update compliance policies and procedures
• Compliance Operations
• Product Development - advise product engineering team on existing and new products to mitigate regulatory and partner risk
• Marketing - review marketing materials for UDAAP and other regulatory concerns
• AML Program - audit AML program overall and provide targeted review based upon transaction monitoring escalations
• General Reporting - provide reports required by Compliance Framework, Risk Committee, and Company Policies
• People Operations - lead team of compliance/AML/BSA analysts
• Employee Training - provide training to employees and partners regarding their responsibilities with respect to the compliance program
• Customer and Bank Management; and
• Case manage customer compliance complaints and provide formal responses to such matters
• Manage bank partner(s) and provide support to regulatory examinations conducted on bank partner(s)
  

Requirements for the Role:

• Minimum of 5 years of US financial institution/banking experience
• Experience with Fintech and Partner Bank model, a plus
• Management/supervisory experience in compliance role a plus
• CAMS qualification (a plus)
• Entrepreneurial attitude and experience with, or the ability to adapt to, a rapidly growing start-up with associated complexities and ambiguities
• Effective project management skills with the ability to oversee multiple projects at any given point in time
• Must be a quick learner and possess leadership skills
• Strong time management, prioritization, work organization and multitasking skills with a drive for efficiency, accuracy and risk management controls required
• A convicted individual with strong regulatory opinions. Must be willing to stand up for and defend Novo’s interpretation of applicable law
  
  

Salary Range (NYC): $174,000 - 187,000 annualized salary. This range is not inclusive of discretionary bonus or equity package, offers to be determined based on experience, education and skill set.