Compliance Specialist

As a Compliance Specialist at Taekus, you will manage compliance initiatives by supporting leadership in identifying and documenting controls and risks. You'll partner with complaint management to handle customer-related complaints and ensure timely resolutions while adhering to regulatory standards. Furthermore, you will respond to requests from banks and audits, identify compliance gaps, and investigate potential alerts and suspicious transactions to uphold AML and fraud prevention policies.

To be considered for the Compliance Specialist position at Taekus, candidates should possess a Bachelor’s degree along with preferred certifications like CRCM or CAMS. Additionally, having 2-4 years of compliance experience in credit, banking, or the FinTech sector with a focus on credit card regulatory compliance is essential. A solid understanding of banking and credit laws, along with the ability to identify and remediate compliance issues effectively, is highly valued.

The Compliance Specialist at Taekus directly impacts our mission by ensuring our compliance framework is robust, thereby supporting the customer experience through regulatory adherence. By identifying potential risks and implementing corrective actions, you help create a seamless compliance environment that not only protects our customers but also enhances our service offerings in the luxury financial space.

In the role of Compliance Specialist at Taekus, you will manage a variety of compliance issues, including those related to AML and fraud prevention, addressing customer complaints, and ensuring adherence to BSA/AML, UDAAP, and other relevant banking laws. You’ll also handle regulatory requests, and review escalations that may arise, ensuring that our compliance practices remain at the highest standard.

Working as a Compliance Specialist at Taekus is unique due to our startup environment where you’ll be at the forefront of building compliance practices in a rapidly growing luxury FinTech company. With a lean team of under 20 employees, you’ll have the opportunity to influence company culture and policies significantly. Plus, the chance to work remotely while contributing to innovative financial solutions sets this role apart from more traditional positions.

When answering this question, focus on specific roles where you've dealt with credit card compliance, emphasizing your understanding of relevant laws like BSA/AML, UDAAP, and any specific compliance initiatives you have contributed to. Share examples of challenges you faced and how you overcame them to adhere to compliance standards.

To answer this effectively, discuss the tools and methodologies you use to analyze and evaluate compliance risks, such as conducting audits or risk assessments. Highlight your ability to collaboratively work with stakeholders to mitigate these risks and ensure robust compliance protocols are in place.

Emphasize the importance of timely responses and clear communication when addressing customer complaints. Detail your process for investigating such complaints, documenting findings, and taking corrective actions to ensure resolutions are compliant with regulatory expectations.

Explain your strategies for staying updated, such as subscribing to regulatory newsletters, attending industry conferences, or participating in professional organizations relevant to compliance. Share how this knowledge has helped you apply effective compliance practices in your previous roles.

Tell a specific story demonstrating your proactive approach to compliance. Discuss the steps you took to identify the gap, the analysis performed, and the corrective actions implemented to resolve the issue while ensuring compliance with regulatory standards. Include the positive outcome of your actions.

Express your enthusiasm for Taekus's mission and your alignment with the company’s values, especially its focus on luxury FinTech and customer experience. Share how the startup environment excites you and how your skills would contribute to the growth of the compliance department.

Discuss the frameworks and procedures you implement to promote compliance within the team, such as training sessions, regular audits, and open communication channels. Emphasize your ability to foster a culture of compliance and how you encourage team members to prioritize these processes.

Describe a structured approach to handling audits or inquiries, including preparation, documentation, and collaboration with relevant teams. Highlight the importance of transparency and timely communication with regulators during this process.

Discuss specific projects or roles where you’ve implemented or monitored AML and fraud prevention measures. Elaborate on your familiarity with the relevant laws and how you've addressed potential alerts or suspicious activities in conjunction with compliance standards.

Share your organizational strategies, such as using project management tools, setting deadlines, and assessing the risk levels involved in each task. Emphasize your focus on strategic priorities that align with Taekus's operational goals while ensuring high standards of compliance are maintained.