Fraud Prevention & Compliance Director

Finexio is simplifying the way businesses make and receive business payments by integrating electronic payments and cash flow improvement solutions directly into customers’ business process software.

We are seeking an experienced Risk and Compliance Director to ensure organizational compliance with the Bank Secrecy Act (BSA), USA Patriot Act, and Anti-Money Laundering (AML) regulations; achieve and maintain Nacha certification for Third-Party Senders in the ACH Network; implement best practices based on TPPPA Compliance Management (or equivalent) System and obtain and maintain TPPPA Processor CMS (or equivalent) Certification; and further strengthen fraud prevention practices. An ideal individual will have experience with PCI and HIPAA and drive compliance in those areas in collaboration with the Finexio security office.

This is a principal individual-contributor position where the focus will be to develop and implement strategies, policies, and procedures for reducing risk from fraud and other illegal acts, and organizational structure capable of scaling with ease and confidence to enable exponential growth of processing volumes.

Responsibilities:

• Responsible for adhering to the reporting and recordkeeping requirements of BSA, AML, KYC rules and regulations, USA PATRIOT Act, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC).
• Continuously evaluate compliance and risk management practices to ensure continuing compliance; provide regular relevant training across the organization.
• Overall design delivery of business processes and technology related to fraud prevention.
• Implement best practices based on TPPPA Compliance Management (or equivalent) System and obtain and maintain TPPPA Processor CMS (or equivalent) Certification.
• Ensure compliance with the chosen risk management framework and that necessary compliance processes and procedures are fully implemented in all areas.
• Execute internal compliance and risk review and monitoring activities, including periodic reviews of all departments.
• Build best practices for a continuous Risk Management:
  • Identification and Measurement of Risks
  • Mitigation of Risks
  • Monitoring of Risks
• Drive PCI and HIPAA compliance in collaboration with the Finexio security office
• Provide strategic direction as it relates to risk and compliance.
• Prepare and present compliance reports to the Executive management.
• Manage and coordinate efforts related to external audits, reviews, and examinations.

Requirements

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  • 8 - 10 years of experience managing Risk and Compliance activities for a Bank’s Treasury department or for a large Payment Processor.
  • Degree in Business, Business Administration, Finance, Risk Management or another related field.
  • Expertize in operational risks associated with payment flows and ability to properly document, manage and mitigate those risks
  • Proven experience working with financial institutions as it relates to payment processing. Knowledge of banking compliance and payment processing laws and regulations is a must.
  • Deep knowledge of the reporting and recordkeeping requirements of BSA, AML, KYC rules and regulations, USA PATRIOT Act, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC).
  • Expertize in best practices for continuous Risk Management and Fraud Prevention.
  • Experience executing internal compliance and risk review and monitoring activities, including periodic reviews of all departments.
  • Experience managing and coordinating efforts related to external audits, reviews, and examinations.
  • Experience in balancing risk management and business operations including sustainability, efficiency, budget, and overhead control.
  • Ability to monitor and assess achievements against established targets.
  • Excellent oral and written communication skills with advanced skills related to the preparation and submission of regulatory, statutory and risk/compliance reports.
  • Ability to manage and prioritize multiple tasks and work under demanding conditions with many interruptions.
  • Be someone that thrives in a dynamic, high pressure and at times hectic environment with a culture of harnessing ongoing process improvement and a ‘can do’ attitude.

Benefits

Why You’ll Love Working at Finexio:

• Culture: We are a humble, client-first team that is focused on collaborative data-driven success.
• Speed: We move fast, love new ideas and give you the opportunity to push your limits.
• Growth: We are expanding rapidly into new markets, launching new services and creating a world-class company.

What We Offer:

• The chance to work in a fast-paced start-up environment with experienced industry leaders.
• Competitive salary and stock options.
• Medical, dental, and vision starting on your first day.
• Unlimited vacation policy.