BSA/AML Compliance Officer

About Comun

At Comun we're building financial services to help Hispanic immigrants turn their hard work into upwards mobility.

Since launching our own bank infra one year ago, we’ve grown revenue 100x and crossed $1.5B in annual payments volume, $100M of which is money sent to families in Latin America. We currently offer banking and remittances solutions, and will launch more products this year.

We believe immigrants are the ultimate entrepreneurs, carrying a relentless work ethic in search of a better future for their families. Comun exists to serve them throughout their journey.

Learn more about us here

About the role

We are looking for a highly motivated and experienced BSA/AML Compliance Officer to join our team in New York City. Reporting directly to the Head of Compliance, this role is critical in ensuring our organization meets and exceeds all regulatory expectations.

As the BSA/AML Compliance Officer, you will lead 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, OFAC sanctions, and FATF recommendations.

What you’ll do:

• Lead BSA/AML Program: You will develop and maintain BSA/AML policies, procedures, and controls that reflect the latest regulatory changes, 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. 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 regularly assess 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 the primary point of contact regarding BSA/AML matters. 

• 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 and the Board 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 are:

• 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. 

• 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.

• 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.

• 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.

Requirements:

• 5-7 years of experience in BSA/AML compliance at a bank or financial institution

• Certified Anti-Money Laundering Specialist (CAMS) designation

• Deep understanding of BSA/AML regulations and financial crime risks, including sanctions compliance, and their application to various financial products and services

• Strong analytical skills and the ability to interpret complex regulatory requirements and translate them into actionable policies

• Ability to work collaboratively, in a fast-paced environment, with senior management, business, and other stakeholders

• Strong decision making and problem solving skills with a high level of integrity

• An interest in serving an underserved community :)

Team

We are a team of 30 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.

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

• Bi-annual company-wide offsites

• 401(k) for US employees

• Visit to our NYC Office for remote team members

• Visa sponsorship

Comun 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.