Anti-Money Laundering Compliance Officer
$89k-120k (estimate)
Full Time
4 Days Ago
Benjamin's is Hiring an Anti-Money Laundering Compliance Officer Near New York, NY
Join our vibrant fintech startup, Benjamin, backed by top-tier venture capitalists Play Ventures & F4 Fund. We're on the lookout for an experienced and forward-thinking Anti-Money Laundering (AML) Compliance Officer to join our team!
At Benjamin, we're passionate about rewarding everyday actions through our MoMo’s (Money Moments). Benjamin is a new cash-rewards platform for consumers, merchants and gamers to earn cash, called Benjamin Money Moments, by completing daily tasks, playing casual games, viewing content and ads, and making everyday card purchases with cash back.
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Key Responsibilities
The Benjamin app opens up a world of possibilities for consumers to earn Benjamin Money Moments through a wide array of everyday activities, including purchases, mobile gaming, and ad engagement. As an emerging force in the fintech arena, Benjamin is committed to reshaping the future of cash rewards, one rewarding moment at a time.
Learn Morewww.benjaminone.com
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
At Benjamin, we're passionate about rewarding everyday actions through our MoMo’s (Money Moments). Benjamin is a new cash-rewards platform for consumers, merchants and gamers to earn cash, called Benjamin Money Moments, by completing daily tasks, playing casual games, viewing content and ads, and making everyday card purchases with cash back.
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Key Responsibilities
- Develop, administer, and maintain a robust BSA/AML/OFAC compliance program in accordance with applicable laws and regulations.
- Establish and implement internal controls to ensure ongoing compliance with AML requirements.
- Conduct annual independent testing of the BSA/AML/OFAC Program, including compliance with applicable laws.
- Designate and fulfill the role of the anti-money laundering compliance officer, overseeing all aspects of AML compliance.
- Provide comprehensive and ongoing training on AML compliance to all company personnel.
- Conduct annual BSA/AML/OFAC risk assessments and report findings.
- Coordinate and facilitate annual audits of the compliance program, addressing any exceptions noted in the audit report.
- Maintain records of AML and Know Your Customer (KYC) services provided, ensuring compliance with record-keeping requirements.
- Verify the identity of prospective customers and beneficial owners in accordance with company policies.
- Manage the team for monitoring transactions for signs of fraud, errors, and other AML risks, promptly reporting any suspicious activities to the relevant authorities.
- Ensure compliance with OFAC regulations and conduct regular screenings of customers against relevant sanctions lists.
- Develop, implement, and maintain written policies and procedures to detect and respond to identity theft and fraud.
- Assist with the investigation and reporting of unusual activities that may indicate potential money laundering or criminal activity.
- Implement and maintain a Compliance Management System, subject to annual review and approval by the bank.
- Engage independent third parties for supplemental reviews and validations of compliance actions, as requested by the bank.
- Conduct regular transaction and compliance testing, providing reports on scheduled basis.
- Conduct annual risk assessments of each program and provide necessary reporting.
- Provide monthly compliance monitoring reports and ensure timely submission of all required reports.
- Maintain and enforce compliance policies, updating them as necessary and obtaining appropriate approvals
- Provide processing services in accordance with program schedules and terms, if applicable.
- Stay abreast of changes in AML laws, regulations, and industry trends, and provide guidance and training to staff members to ensure awareness and adherence to compliance standards.
- Represent the company during regulatory examinations, audits, and inquiries, and maintain effective relationships with regulatory agencies and external partners.
- Bachelor's degree in finance, business administration, or a related field. Advanced degree or professional certification (e.g., CAMS) preferred.
- Minimum of 5 years of experience in AML compliance within the financial services industry.
- Strong knowledge of BSA/AML regulations, OFAC requirements, and industry best practices.
- Experience developing and implementing compliance programs and internal controls.
- In-depth knowledge of AML laws, regulations, and industry standards, including the Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC regulations.
- Excellent analytical and problem-solving skills, with attention to detail.
- Effective communication skills, both verbal and written, with the ability to train and educate personnel on AML matters.
- Ability to work independently and collaboratively in a fast-paced, dynamic environment.
- Strong organizational skills and ability to manage multiple tasks simultaneously.
- Proficiency in relevant software and tools for transaction monitoring and compliance testing.
- Lucrative Compensation: Maximize your earning potential with competitive salaries and rewarding bonus structures that recognize your dedication.
- Thriving in Hyper-Growth: Immerse yourself in the dynamic environment of a hyper-growth startup, where you'll encounter daily challenges and avenues for professional advancement.
- Cutting-Edge Collaboration: Engage with innovative technology and join a fast-paced team known for its forward-thinking approach and commitment to innovation.
- Positive Workplace Culture: Experience a professional yet enjoyable atmosphere, where hard work is valued alongside a sense of humor and camaraderie, fostering a fulfilling work environment.
The Benjamin app opens up a world of possibilities for consumers to earn Benjamin Money Moments through a wide array of everyday activities, including purchases, mobile gaming, and ad engagement. As an emerging force in the fintech arena, Benjamin is committed to reshaping the future of cash rewards, one rewarding moment at a time.
Learn Morewww.benjaminone.com
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Job Summary
JOB TYPE
Full Time
SALARY
$89k-120k (estimate)
POST DATE
05/18/2024
EXPIRATION DATE
06/12/2024
WEBSITE
golflinktv.com
HEADQUARTERS
Carlsbad, CA
SIZE
<25
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The job skills required for Anti-Money Laundering Compliance Officer include Problem Solving, Risk Assessment, Compliance Management, Internal Control, AML, Collaboration, etc. Having related job skills and expertise will give you an advantage when applying to be an Anti-Money Laundering Compliance Officer. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Anti-Money Laundering Compliance Officer. Select any job title you are interested in and start to search job requirements.
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The following is the career advancement route for Anti-Money Laundering Compliance Officer positions, which can be used as a reference in future career path planning. As an Anti-Money Laundering Compliance Officer, it can be promoted into senior positions as a Compliance Director (Banking) that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Anti-Money Laundering Compliance Officer. You can explore the career advancement for an Anti-Money Laundering Compliance Officer below and select your interested title to get hiring information.
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