BSA/AML Compliance Officer

Company: Tbwa Chiat/Day Inc
Location: San Francisco
Posted on: October 27, 2024

Job Description:

Figure Markets is democratizing finance through blockchain. We're building the exchange for everything - a decentralized custody marketplace for crypto, stocks, bonds, credit and more. We're bringing best in class leverage, margining and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities.
Figure Markets is built on the Provenance Blockchain, and we use its native token, Hash, on the exchange. Provenance Blockchain embodies truth over trust and provides a foundation for Figure Markets to bring transparency and efficiency in a decentralized world.
Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from tradfi, fintech and defi, including Mike Cagney and June Ou.
About the Role
We're looking for an experienced, senior BSA/AML professional to serve as the BSA/AML Compliance Officer for Figure Markets's US and potentially foreign jurisdictions which includes oversight over several entities, such as a registered MSB, a licensed broker dealer and an investment advisor. As the BSA/AML Compliance Officer you'll be responsible for building and maintaining Figure Markets' US BSA/AML Program to ensure the company complies with BSA, AML, and OFAC regulatory requirements.
What You'll Do

• 
  
• Build and maintain BSA/AML Programs to ensure the company complies with all applicable regulatory requirements.
  
• Build, lead and manage a team of qualified individuals that will help ensure all BSA/AML requirements are met, including but not limited to OFAC screening, CDD/beneficial ownership, transaction monitoring, and filing SARs. Advise and train product and operations teams to ensure we build products and processes that comply with BSA/AML/OFAC requirements.
  
• Draft and maintain policies and procedures; build a BSA/AML training program, conduct annual risk assessments, and coordinate annual independent reviews of the program.
  
• Partner with and work seamlessly across several departments to ensure all stakeholders are aware of our obligations as a registered broker-dealer and financial institution under the BSA, including the legal and compliance teams.
  
  What We Look For
  
  • 
    
  • 10+ years of BSA/AML experience at a payments provider and/or exchange
    
  • Certified Anti-money Laundering Specialist (CAMS)
    
  • Expert knowledge and experience in ensuring compliance with AML regulations at the federal, international and state levels including FATF compliance.
    
  • Bachelor's degree or equivalent experience
    
  • Experience building and supervising a team of BSA/AML analysts and investigators.
    
  • Experience with transaction monitoring and investigation activities
    
  • Experience with blockchain regulations surrounding virtual currency, virtual currency exchanges and digital assets.
    
  • Experience with the development of AML Compliance Risk Management standards and policies.
    
  • Experience with financial services products including lending products, investment company interests, and digital asset securities.
    
  • Experience having direct discussions with auditors and regulators during examinations including inspections and licensing presentations.
    
  • Ability to multi-task and thrive in a fast-paced startup environment
    
    Benefits and Perks
    
    • 
      
    • Competitive salary and growth opportunities
      
    • Company quarterly performance based bonus
      
    • Equity stock options package
      
    • Employer funded comprehensive health, vision, dental insurance and wellness program for employees and their dependents
      
    • Employer funded life and disability insurance coverage
      
    • Company HSA, FSA, Dependent Care, 401k, and commuter benefits
      
    • Up to 12 weeks paid family leave
      
    • In office, remote, and hybrid work location options
      
    • Home office and technology stipend for those working outside of a traditional office more than 75% of the time
      
    • Flexible time-off plan to empower employees to take the time off that they want and need
      
    • Continuing education reimbursement
      
      The salary range is $154,000 - $192,000 with up to a 25% Bonus and Equity. Actual compensation may vary based on individual candidate experience and location.
      Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.
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Keywords: Tbwa Chiat/Day Inc, Sacramento , BSA/AML Compliance Officer, Accounting, Auditing , San Francisco, California