Qolo is an enterprise platform technology company that provides next-generation payment solutions and services aimed at helping corporations and people across the world. Our vision is to redefine payments verticals globally and enable our clients to be market leaders in their sectors. 

In order to help us realize this vision, we need people who can gather and articulate valuable insights into our business and who engage openly and frequently across our organization.  Determination, dedication, and hard work are essential elements to help us along this challenging, but exciting and rewarding, journey. 

We hire self-driven professionals who are passionate about delivering quality products and services to our clients, while providing them the opportunity to further their career development.  Learn more about us and why we work here at Qolo.

The role:

The Compliance Manager is responsible for developing, implementing, administering, and maintaining all aspects of the Bank Secrecy Act/Anti-Money Laundering Compliance Program which will be designed to ensure a high level of compliance with the BSA/AML related laws and regulations, internal policies and procedures and Federal regulatory expectations. The Compliance Manager is required to be fully knowledgeable and skilled in all areas of BSA/AML and Compliance and be able to independently recognize, develop, and implement cost effective compliance related solutions for the BSA/AML program.

 

 

What you’ll do:

 

  • Coordinate and oversee an effective Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program that is in line with current industry best practices, regulatory guidance and requirements.

  • Enhance, develop, implement and administer the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity.

  • Establish and maintain appropriate suspicious activity investigation, review and reporting processes that promote consistent decisions; adequate investigation and research; and complete and detailed documentation.

  • Conduct BSA/AML/OFAC risk assessments annually or as needed with consideration to products, services, customers, and geographies that may present BSA/AML/OFAC related risks.

  • Responsible for ensuring all required regulatory reporting is conducted in a timely, accurate, and compliant manner, including the filing of suspicious activity reports and currency transaction monitoring to partners and regulatory agencies. 

  • Develop and manage CIP, KYC and KYB policies and programs.

  • Act as liaison/contact and manage reviews or audits of the BSA/AML/OFAC/CIP compliance programs. Participate in response to exam and audit concerns.

  • Provide updates and revisions to BSA/AML/OFAC policies and procedures to the Board of Directors.

  • Implement a training program that educates bank personnel as to the elements of a prudent compliance culture. Ensures BSA/AML training program is tailored to the employees' responsibilities and that training is completed each year for 100% of employees, and new employees are training within 60 days.

  • Monitor for and respond to new regulatory requirements.

  • Oversee Compliance policy framework for entity.

 

 

What you’ll need:

  • Minimum Education: Bachelor’s degree.

  • BSA/AML Certifications preferred.

  • Minimum of five (5) years of prior financial institution BSA/AML compliance experience in developing and implementing BSA/AML/OFAC/CIP policies, programs and procedures.

  • Experience with banking industry compliance guidelines (Reg E/Z).

  • Must possess outstanding current knowledge of banking regulations.

  • Independent decision maker, able to make time-sensitive assessments and to discuss complex regulatory issues with senior management.

 

Bonus points for:

 

  • Experience working with start-up organizations

  • Financial technology and payments processing industry

 

 

Who wouldn’t want to work here!?!

  • Fully remote

  • Competitive salary packages

  • Comprehensive medical, dental, vision and life insurance benefits (Qolo contributes 75%!)

  • Self Managed PTO Policy

  • 401(k)

 

Qolo, Inc. provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.