Job Description

Compliance Manager

Comun's mission is to help Hispanic immigrants turn their hard work into upward mobility starting with financial services that support their transition from a cash-based system to the digital economy.

We offer checking accounts that can be opened using 100+ types of Latin American IDs, access to over 90K locations nationwide to deposit cash, international transfers to 17 countries at market-leading rates, and 24/7 bilingual customer support with <5 min SLA across email, chat, and phone.

We currently process over $1.5B in annual transaction volume and surpassed $100M in annualized international transfers just six months after launch. Comun has raised +$50M from top investors including Redpoint, Costanoa Ventures, and South Park Commons. Our team brings experience from leading fintech companies like Brex, Nubank, and Mercury.

We believe immigrants are the ultimate entrepreneurs driven by relentless ambition and a vision for a better future for their families. Comun exists to serve them throughout their journey.

We are looking for a highly motivated Compliance Manager with deep experience in BSA, AML, and Sanctions to join our team at Comn. This role is critical in ensuring our organization meets and exceeds all regulatory expectations.

As the Compliance Manager covering BSA, AML, and Sanctions, you will oversee the design, implementation, and maintenance of Comun's BSA/AML compliance program. Your primary responsibility will be to ensure adherence to applicable regulations, including the Bank Secrecy Act (BSA), USA PATRIOT Act, FinCEN regulations, and OFAC sanctions.

What you'll do:

• Oversee BSA/AML Program: You will develop new BSA/AML policies, procedures, and controls, as needed, and review existing documentation and controls to assess effectiveness and enhance as required to adhere to the latest regulatory expectations, industry best practices, and emerging risks.
• Risk Assessment and Monitoring: You will conduct the annual BSA/AML compliance risk assessment to identify money laundering and financial crime risk across Comun's operations and lead the remediation of any gaps. You will oversee the transaction monitoring systems and the review of suspicious activities to ensure that identified risks are properly mitigated. You will lead and monitor the completion of Unusual Activity Reports (UARs), customer due diligence (CDD), and enhanced due diligence (EDD) processes. You will build controls and procedures from scratch where needed, and regularly assess existing internal controls and procedures to improve the effectiveness of the BSA/AML program and respond to emerging risks.
• Audit/Exam Management: You will coordinate responses to BSA/AML-related audit and regulatory inquiries and act as a primary point of contact regarding BSA/AML matters.
• Internal Compliance Training: Review and implement compliance training for Comun staff on relevant BSA/AML requirements. You will promote a culture of compliance across Comun and help employees understand their role in maintaining a robust and effective BSA/AML program.
• Compliance Oversight and Reporting: You will provide regular reports to senior management regarding the effectiveness of the BSA/AML program, regulatory developments, and compliance trends. You will serve as a key advisor to senior leadership on matters related to financial crimes and risk mitigation strategies. You will serve as the main point of contact for our partner bank reporting.
• BSA/AML Operations: You will oversee the agents performing BSA/AML operations, including manual reviews, transaction monitoring, and UARs. You will serve as the escalation point for all matters arising from this team. You will ensure policies and procedures are adhered to by building and conducting appropriate training and quality assessments.
• Overall Compliance Program Ownership: Though you will be responsible for the BSA/AML program primarily, you will be supporting the Head of Compliance on other areas of the Compliance program (CMS, Regulation E, Compliance Committee meetings) as needed.

You are:

• A strategic thinker: You can see the big picture and align product and compliance goals with company strategy. You use your compliance knowledge to set guardrails during product discussions.
• A collaborative leader: You build strong relationships across teams, fostering collaboration and ensuring all voices are heard. You excel in managing project stakeholders and timelines through clear and effective communication.
• An innovative problem solver: You thrive in ambiguity and can bring clarity to complex situations. You use creative thinking and relevant frameworks to develop innovative solutions to challenging problems.
• Adaptable and resilient: You are flexible and can quickly adapt to changing priorities. You see setbacks as opportunities to learn and grow, displaying resilience in the face of challenges.
• An owner: You show passion and care for your work and the company's trajectory. You set ambitious personal and professional goals, bringing energy and dedication to your role.
• Resourceful: You can figure out solutions independently and leverage your network to employ best practices. You are constantly seeking ways to uplevel and raise the bar for yourself and the team.

Qualifications:

• Experience: 35 years in a compliance role, specifically within the Fintech or high-growth financial services sector.
• Audit Background: Proven experience navigating the audit lifecycle, from initial discovery and information gathering to remediation.
• Communication: Ability to translate complex regulatory jargon into plain English for non-compliance stakeholders.
• Education: Bachelor's degree required
• Technical Prowess: Experience with SQL, Python or using AI/Machine Learning tools for data analysis is a significant plus.
• Certification: CAMS (Certified Anti-Money Laundering Specialist) or equivalent certification is highly preferred.
• An interest in serving an underserved community :)

We are a team of 40 based out of New York, coming from industry-leading companies like Brex, Nubank, Cruise, and Verkada. Over half of us are immigrants, and have experienced the problems we're solving first hand. We value customer focus, high ambition, principled decision-making, and deep trust.

Full Time Employee Benefits

• Competitive salary and generous equity
• Medical, dental, and vision insurance
• Gym Pass subscription
• Daily office lunch in NYC Office
• Paid parental leave
• Flexible PTO
• Remote-friendly when traveling
• Company-wide offsites
• 401(k) for US employees
• Visit to our NYC Office for remote team members
• Visa sponsorship if applicable

Comn is proud to be an equal opportunity employer. We are committed to building a diverse and inclusive culture that celebrates authenticity. We do not discriminate on the basis of race, religion, color, national origin, gender, gender identity, sexual orientation, age, marital status, disability, protected veteran status, or any other legally protected characteristics.

Job Tags

Similar Jobs