Onboarding Compliance Officer - Salt Lake City

About Us

Rho is on a mission to make finance frictionless for organizations. Our team and technology power high-performing companies with an all-in-one, end-to-end finance platform that seamlessly enables organizations to safely conduct and manage company cash and spending across commercial-grade banking, corporate cards, treasury management, expense management, account payables, and more.
About the Role
We’re looking for an experienced, hands-on Onboarding Compliance Officer to help build out our existing compliance program and be a subject matter expert on the team. This is a great opportunity to help building and enhancing our compliance program, policies, and procedures, and onboarding review process. Working primarily with our compliance team, partner banks, vendors/apps, and other Rho stakeholders, this person will have significant contact with Cross-functional colleagues, and help that Rho is compliant with relevant U.S. banking regulations and company policies and procedures. This role is fully remote out of Salt Lake City, UT.

Responsibilities:

• Support the customer due diligence (CDD) and Know Your Business (KYB) processes for new client onboarding, ensuring compliance with applicable regulations including BSA/AML, OFAC, and FinCEN requirements

• Review and verify client documentation including business formation documents, ownership structures, and beneficial ownership information

• Perform comprehensive risk assessments on potential clients and determine appropriate risk ratings

• Identify and escalate suspicious activities or potential compliance issues during the onboarding process

• Collaborate with sales, operations, and legal teams to streamline onboarding while maintaining regulatory compliance

• Maintain accurate and complete documentation of compliance processes, decisions, and client records

• Stay current on evolving regulatory requirements in the fintech and banking sectors

• Participate in the development and refinement of onboarding compliance policies and procedures

• Conduct periodic reviews of existing client accounts to ensure continued compliance

• Prepare and deliver compliance reports to management and regulatory bodies as needed

• Assist with the building of updated policies and procedures as the compliance program continues to evolve

• Assist in training other team members on compliance requirements and best practices

• Utilize compliance technology platforms to automate and enhance onboarding processes

Qualifications

• 3+ years working in a compliance function with a strong understanding and focus on BSA/AML, financial crimes, and banking/fair lending regulations within the banking, fintech, or financial services industry

• Experience collaborating solutions with a team of compliance professionals and working with Cross-functional stakeholders to drive solutions.

• Ability to work on PST hours to support growing team in San Francisco

• Experience with review onboarding application requests at a bank or fintech company.

• Excellent analytical skills with the ability to identify issues, analyze data, and make sound recommendations

• Highly detail-oriented with strong organizational skills

• Ability to meet strict regulatory requirements while balancing product and customer experience

• Prior experience in a compliance role at a bank, fintech, or other financial services required

• Relevant certifications preferred (e.g., CAMS, CRCM, CFE)

Our people are our most valuable asset. The salary range for this role is $94,000-$110,000. Base salary may vary depending on relevant experience, skills, and business needs. In addition to base pay, Rho offers equity, healthcare benefits, and paid time off.

Diversity is a core value at Rho. We’re passionate about building and sustaining an inclusive and equitable environment for all those involved with our mission, including employees, contractors, candidates, customers, and vendors. We believe every member of the Rho community enriches our ability to provide a broad range of ways to understand and engage with the market, identify problems, and drive solutions that align with our mission. We welcome all qualified applications and support each of our Rho’ers with ongoing professional growth opportunities.