Senior Compliance Manager - AML and OFAC/Sanctions

Senior Compliance Manager - AML and OFAC/Sanctions

North - Remote

North, and our family of companies, are committed to making it as easy as possible for businesses to grow through innovations in credit card processing, ecommerce, mobile payments and more. Our mission is to be the easiest payments company to do business with, bar none.

The Senior Compliance Manager - AML and OFAC/Sanctions serves as a lead and subject matter expert for AML and OFAC compliance policies,  programs, and processes, and ongoing due diligence and enhanced due diligence monitoring of entities and persons in scope. This role is the subject matter process expert in  compliance framework, and provides guidance and support to the overall effort toward achieving and maintaining a sustainable compliance environment, driving adherence to policies and requirements in scope of the role.

This role works closely with other members of the Compliance team, as well as with business partners, stakeholders, and third- parties, to help ensure sound and effective compliance management and oversight that protects and strengthens our brand, grows confidence  in how we conduct business, and strengthens customer commitment to our products and services.

What you'll do:

• Own, manage and oversee AML ongoing due diligence of entities and persons in scope:

• Lifecycle management program execution, and oversight of functional areas enterprise-wide that are engaged in executing processes that support or impact areas in scope of role, including initial and ongoing due diligence and enhanced due diligence.. 

•  Policy, program and process reviews to detect gaps, and for updates as warranted

• Monitoring and analysis of process execution

• KPI and KRI metrics and reporting

• Conduct complex state and federal regulatory review, and analysis maintaining and executing processes to inform and to drive compliance in the event of required change of implementation of new requirements.

• Provide written detailed analysis of due diligence and enhanced due diligence criteria against applicable laws and regulations, including  for senior and executive management. 

• Conduct research, analysis of applicable state and federal requirements.

• Own, manage and oversee Sanctions (including OFAC), Politically Exposed Persons (PEP) program,  and other critical information warranting adherence or action in scope of role, along with related regulatory requirements, bank sponsorship guidelines,  and internal policies and procedures.

  • Establishes requirements for and review processing for OFAC/Sanctions and PEP initial screening.

  • Manage ongoing screening

  • Policy, program and process reviews to detect gaps, and for updates as warranted

  • Monitoring and analysis of process execution

  • KPI and KRI metrics and reporting

• Maintains current on issues, with thorough understanding of all that potentially impact money laundering, terrorist financing, and OFAC/Sanctions issues, including policies, procedures, regulations, industry best practices, criminal activities, and developing trends.

• Partners with the Business Partners to ensure appropriate adherence to  processes.

• Partners with stakeholders, as necessary, in researching and maintaining lifecycle management of  customers in compliance with applicable state and federal regulations, including directing and advising  stakeholders in matters of regulatory compliance.

• Collaborates with key stakeholders, business partners,  senior leaders, and law enforcement to help ensure compliance with applicable BSA AML/CFT and Sanctions requirements as well as state and federal requirements for high risk merchants. 

• Identify and report trends, significant matters and compliance issues.

• Develop reporting, including charts/analyses to highlight trends, correlations and key issues.

• Make appropriate recommendations to improve controls and systems.

• Develop awareness and “how to” training and tools to assist the company in understanding AML, OFAC/Sanctions, and due diligence  and implementation of same.

• Coach, lead and manage performance and productivity of direct reports

What we need from you:

• Bachelor’s Degree 

• CAMS certification

• Minimum nine (9) experience in AML and OFAC, and in high risk due diligence, including  investigations and independent complex decision making.

• Prior research using risk analytical  tools such as Lexis/Nexis. Westlaw, etc. 

• AML/CFT  high risk merchant experience, such as ingestible CBD, Money Service Businesses, payment facilitators, crypto currencies, etc.

• Experience engaging directly with auditors, reviewers, and regulators

• Ability to design, implement, and maintain day to day AML/CFT compliance frameworks, policies, and procedures aligned with regulatory requirements. 

• Ability to interpret, translate and apply state and federal regulatory requirements into operations processes and ensure effective implementation across business units.  

• Ability to execute against  strategic vision for BSA/AML operational tempo and design.

• Experienced presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging

• Ability to work collaboratively and to navigate a complex organization; to influence and lead people across cultures at all levels

• Excellent interpersonal skills with the ability to think and communicate creatively, thoughtfully, and on your feet with diverse technical and non-technical groups, spanning all organizational levels.

• Strategic thinker and tactical executor - able to rapidly shift from “big picture” to “detailed operations”.

• Ability to provide leadership and judgment to analyze, evaluate, develop and effectuate solutions to complex problems.

• Ability to analyze large volumes of data and information for relevance against established high risk criteria.

• Excellent research and analytical skills with strong attention to detail.

• Accuracy, diligence, and the ability to deliver high-quality results within tight deadlines with a good sense of risk awareness.

• Excellent  communication and relationship development skills with a focus on collaboration.

• Strong writing and communication skills.

• Self-motivated, collaborative team player able to meet required timelines and a strong sense of accountability.

Travel Requirements: Up to15%

What we offer:

• Medical, Dental, & Vision Coverage

• Flexible Paid Time Off

• 401(k) + Match

• Mental Health Support & Well-Being Program

• Paid Maternity & Paternity Leave

• Education Assistance

• Company-funded Lifestyle Spending Account

Salary range: $90,000-$118,000

Pay within this range varies by work location and on job-related knowledge, skills, and experience. We look forward to discussing your salary expectations and our full total rewards offerings throughout the interview process.

Who we are:

North, and our family of companies, are committed to helping entrepreneurs grow their businesses. As an end-to-end payment solutions company, we provide everything business owners need to get paid, whether they serve customers in a physical storefront, online, or both. We pride ourselves on being large enough to offer customized solutions to our enterprise-level clients while remaining agile enough to take an award-winning, hands-on approach to personal service that our merchants won’t find anywhere else.

Let’s go North, together! Our most important resource is our people. Join our diverse team of innovators and do-ers and make your mark on the future of payments technology. We're proud to offer benefits that help our team members further their overall well-being through unique initiatives that are both personally and professionally fulfilling. 

At North, we celebrate diversity and create an inclusive environment for everyone. We are an equal opportunity employer.

To learn more about North, and our family of companies, visit our website: north.com