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 Compliance Director will be responsible for the development and execution of the BSA/AML and OFAC compliance program to help our organization prevent and detect financial crimes and ensure compliance with applicable regulatory and bank partner requirements. The BSA/AML Compliance Director will have a particular focus on identifying and mitigating money laundering and fraud risks associated with Albert’s products and services, The BSA/AML Compliance Director will partner closely with business leads in the development and implementation of policies, procedures, systems, and controls to identify and manage money laundering and fraud risk.

Things you're good at:

• Ownership: You have a drive to dive-in and take ownership of developing the program, including policies, transaction monitoring, investigations, and reporting. 
• Communication: Ability to synthesize information and concisely communicate the important details to effectively inform and drive decisions.
• Organization: Experienced developing and delivering on a risk and compliance roadmap that is aligned to the company’s growth and external commitments.
• Prioritization: Ability to methodically prioritize objectives and tasks based on business impact and level of risk.
•  Collaboration: We're looking for independent thinkers and doers, but who also enjoy working with others in various functions and seniority levels.

Responsibilities:

• Drive the continuous evolution of the BSA/AML and OFAC compliance program for the organization, including implementation of policies, procedures, transaction monitoring, data analytics and reporting
• Work closely with business partners to implement controls to prevent and detect financial crimes and deliver on a roadmap for fraud and money laundering risk mitigation
• Articulate requirements to automate transaction monitoring mechanisms
• Analyze customer and transaction level data to identify fraud, red flags or other suspicious activity or patterns and direct actions based on risk thresholds
• Review KYC alerts (including CIP, OFAC and PEP alerts) to ensure compliance with regulatory requirements and internal policies
• Conduct and document detailed investigations of higher risk fraud and suspicious activity scenarios; escalate and report results to senior management and bank partners
• Continue to build and maintain our inventory of fraud and suspicious activity rules/scenarios
• Define and continuously calibrate risk thresholds for customer and transactions for various banking and investing products
• Conduct fraud and AML risk and controls assessments; work with business partners to implement control enhancements
• Manage BSA/AML audits and exams
• Track legal and regulatory developments impacting Albert’s products and services
• Provide required BSA/AML reporting for bank partners and regulatory agencies
• Help build a strong culture of compliance across the company

Requirements:

• 10+ years of experience in BSA/AML and Sanctions compliance and fraud risk management roles, including 3+ years of experience in a leadership role
• Experience with developing and implementing transaction monitoring requirements, including maintenance of AML and fraud risk rules/scenarios, and risk thresholds
• Experience in conducting/leading AML and fraud investigations and case management
• Clear understanding of AML and fraud risk management related regulations (e.g. Bank Secrecy Act, Identity Theft/Red Flags, US Patriot Act, OFAC, FFIEC, FINRA)
• Experience with AML and fraud data analytics and reporting, and working with business intelligence tools
• CAMS and/or CFE a plus

Benefits:

• Competitive salary and meaningful equity
• Health, vision and dental insurance
• Daily meals provided
• Monthly wellness stipend
• 401k match

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