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 SVP, Risk and Compliance will be responsible for managing all aspects of risk to the organization, its employees, clients, reputation, assets, and interests of stakeholders. Specific risk areas include, corporate governance, information security, regulatory compliance, insurance, and operational risk. The SVP, Risk and Compliance also 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.
What you’ll do:
Design, implement and lead a global risk management strategy for the organization
Oversee Compliance policy framework for the organization.
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.
Providing support, education, and training to staff to build risk awareness within the organization.
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.
Develop, lead, and motivate the Risk and Compliance team to maximize effectiveness
Monitor for and respond to new regulatory requirements.
Continual drive for enhanced efficiency and client service (internal and external) in all Risk and Compliance processes
Ensure senior management remain informed of regulatory, legislative, and best practice changes and their obligations under these changes and how they impact the Group
Conduct internal audits, including liaison with external auditors
Provision of proactive and practical regulatory advice to business managers and support functions
Manage the successful delivery of compliance projects ensuring technical excellence and a practical/business driven approach. Support and lead on Group projects as assigned
Work closely with key stakeholders to understand the business requirement for projects, develop effective working relationships during project implementation and ensure business as usual ownership is understood by management
What you’ll need:
Minimum Education: Bachelor’s degree.
BSA/AML Certifications preferred.
Minimum of ten (10) 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!?!
Competitive salary packages
Comprehensive medical, dental, vision and life insurance benefits (Qolo contributes 75%!)
Self Managed PTO Policy
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.