BSA/AML Officer (LA, NYC or Remote) at Albert

| Greater LA Area
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Who we are
Albert is a new type of financial service that uses powerful technology to automate your finances, with a team of human experts to guide you. Albert saves and invests automatically for you, helps you avoid overdrafts, finds savings you’re missing, identifies bills you’re overpaying, and much more. Text Albert a financial question, and we’ll not only offer guidance — we’ll also help you make it happen.
We’re an LA-based startup with a proven business model and backed by top-tier institutional investors. More than 4 million users have trusted Albert to help them achieve their financial goals. We’re on a mission to improve the financial lives of millions of people with a beautifully designed, simple product, and we’re looking for thoughtful, talented people to join us on our journey.
About the role
The BSA/AML Officer will help Albert deliver on our mission by developing, implementing, managing, and enhancing an effective BSA/AML and OFAC compliance program for our banking services to ensure compliance with applicable regulatory requirements and agency guidelines. The BSA/AML Officer will have a particular focus on identifying compliance risks associated with Albert’s banking services, and will advise senior management on the implementation of policies, procedures, systems, and controls to properly and efficiently address these risks.
As a key member of our team, the BSA/AML Officer will be responsible for all internal and external reporting of BSA/AML- and OFAC-related information and coordinating fraud investigation activities.

Things you're good at:

  • Ownership: Dive-in and take ownership of researching and providing guidance to stakeholders on regulatory and legal requirements.
  • Communication: Writes and speaks effectively with a demonstrable knowledge of the subject matter. 
  • Organization: Work across various layers of our company in an inspired, efficient way. Provide hands-on remediation guidance to teams across the company.
  • Prioritization: Identify, prioritize, and promote compliance practices that most effectively reduce overall regulatory risk. 
  • Collaboration: We're looking for people who are independent thinkers and doers, but also enjoy working with others in various functions and seniority levels.

Responsibilities:

  • Maintain and manage the ongoing implementation of our BSA/AML and OFAC policies and procedures, including performing periodic reviews and updates
  • Assist with the development, implementation, and audit of policies and procedures to ensure compliance with FinCEN, the US Patriot Act, the Bank Secrecy Act, FFIEC AML standards, and other applicable regulatory frameworks
  • Perform diverse and complex analysis of account activity for potential BSA- and AML-related suspicious activity
  • Review, research, and document suspicious accounts and activity reports in conjunction with third-party banking and processing vendors while escalating them as appropriate
  • Assist internal business units with risk assessments of activities related to AML and consumer protection
  • Partner with internal stakeholders to maintain a robust vendor risk management program
  • Track legal and regulatory developments impacting Albert’s products and services
  • Manage and administer processes for daily monitoring of BSA alerts, potential OFAC matches, and fraud alerts
  • Prepare reports and correspondence to applicable regulatory agencies, bank partners, vendors, and Albert’s Board of Directors
  • Help build a strong culture of compliance across the company
  • Assist with ad-hoc legal, operational, and regulatory project

Requirements:

  • Minimum 7 years of experience in BSA/AML compliance roles with financial institutions
  • Minimum 3 years of experience in a BSA/AML Officer capacity
  • In-depth experience in banking compliance and operations, and working knowledge of relevant laws and regulations (e.g., BSA/AML, TISA, EFTA, UDAAP)
  • Experience with the monitoring and surveillance of banking accounts and transactions 
  • ACAMS and/or CRCM designation(s) strongly desired

Benefits:

  • Competitive salary and meaningful equity
  • Health, vision and dental insurance 
  • 401k match
  • Free lunch

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This California Privacy Notice applies to personal information of California job applicants that Albert collects and processes as it relates to the submission of a job application.

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Technology we use

  • Engineering
  • Product
    • JavascriptLanguages
    • KotlinLanguages
    • PythonLanguages
    • SwiftLanguages
    • HerokuLanguages
    • CeleryLanguages
    • RabbitMQLanguages
    • ReactLibraries
    • ReduxLibraries
    • DjangoFrameworks
    • PostgreSQLDatabases
    • RedisDatabases
    • ElasticSearchDatabases
    • DynamoDBDatabases
    • IllustratorDesign
    • PhotoshopDesign
    • FigmaDesign
    • AsanaManagement
    • NotionManagement
    • SlackManagement

Location

Our office is located at the Hayden Tract in Culver City, just a short walk from the Culver City metro station serviced by the expo line.

An Insider's view of Albert

What are some social events your company does?

Our leaders truly understand the value of letting loose and getting to know each other on a personal level. In addition to an awesome overnight retreat that we do once a year we also do monthly events. Sometimes we geek out with a private trivia night, find balance with a meditation session at our local yoga studio, or volunteer in our community.

Kinga

Office Manager

What kinds of technical challenges do you and your team face?

As we add more features to our app (The Post & Instant most recently), we are starting to see exciting scalability and organizational challenges. As we're experimenting with different architecture and coding patterns, we are working towards reducing our build times and unifying coding patterns across the team.

Ergin

Mobile Engineering Manager

How does the company support your career growth?

Albert supports career growth by prioritizing personal development and fostering an environment in which people have the opportunity to show their strengths. Anyone can volunteer to lead or be a part of a project or initiative, providing valuable experience and promoting personal growth.

Patrick

Finance Director

What's the biggest problem your team is solving?

Our Geniuses understand that personal finance can be stressful and overwhelming so our primary goal is to bring relevant, personalized, and timely financial advice to our users.

Trina

Financial Advice Expert

What are Albert Perks + Benefits

Albert Benefits Overview

At Albert, we believe that everyone, regardless of income or net worth, should have access to financial wellness. Simplicity, empathy, and wellness are the core values that not only guide our mission, but the way we care for our team.

We make sure our employees and their families are taken care of with virtually free, premium quality health, dental, and vision insurance. We promote a solid work-life balance by offering generous PTO, paid holidays, and monthly company events. Since we take long-term financial wellness seriously, employees at Albert are able to sign up for our 401(k) plan, with company matching, on their very first day.

Aside from our basic suite of benefits, we believe in providing a great work place for our employees. Our office is situated in Culver City's well-known Hayden Tract, within walking distance of the Expo line, retail and many restaurants. Other perks include a pet-friendly office, free lunch, a fully stocked kitchen complete with snacks and a rotating selection of beer.

Culture
Volunteer in local community
Friends outside of work
Eat lunch together
Daily stand up
Open door policy
Team owned deliverables
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Albert's health insurance policy covers up to 99% of out of pocket expenses.
Life Insurance
Team workouts
Albert's team fitness initiatives include In-office and/or Remote yoga, mediation, and fitness classes.
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Company Equity
Match charitable contributions
Child Care & Parental Leave Benefits
Generous Parental Leave
Vacation & Time Off Benefits
Generous PTO
Albert employees receive between 15 and 21 days per year of paid time off based on years of service.
Paid Holidays
Paid Sick Days
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Albert offers a monthly reimbursement of $100 to anyone who uses public transportation, rides a bike, or walks to work.
Company Outings
We throw an awesome company retreat each year in addition to monthly happy hours and events.
Free Daily Meals
We provide a $20 stipend for each day you work to be used at your discretion.
Game Room
Stocked Kitchen
Albert has a fully stocked kitchen including healthy snacks, rotating beer, coffee, tea, cocoa, and other beverages.
Happy Hours
Happy hours are hosted on occasion, usually every other month.
Parking
Pet Friendly
Albert's pet policy is dog-friendly daily.
Professional Development Benefits
Job Training & Conferences
Albert offers employees professional development opportunities like Onsite & Remote training courses.
Cross functional training encouraged
Promote from within
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