Requirements

Key Responsibilities:

1. Regulatory Compliance

• Maintain a comprehensive understanding of state-specific cannabis regulations and federal laws related to banking and financial services
• Monitor changes in relevant laws and regulations and advise management on the potential impact on AZ CASH's operations
• Develop, implement, and maintain compliance policies and procedures to ensure adherence to applicable laws and regulations
• Conduct regular risk assessments to identify potential compliance vulnerabilities and recommend mitigation strategies
• Oversee the company's licensing and registration processes, ensuring all necessary approvals are obtained and maintained

2. Anti-Money Laundering (AML) and Know Your Customer (KYC)

• Develop and implement robust AML and KYC policies and procedures
• Oversee customer identification and verification processes, including enhanced due diligence for high-risk clients
• Monitor transactions for suspicious activities and file Suspicious Activity Reports (SARs) as required
• Conduct regular AML/KYC training for employees and ensure understanding of compliance responsibilities

3. Compliance Monitoring and Reporting

- Implement and maintain systems to monitor compliance with internal policies and external regulations

• Conduct periodic compliance audits and assessments to identify potential issues and areas for improvement
• Prepare and submit regulatory reports, such as Currency Transaction Reports (CTRs) and SARs, as required
• Liaise with external auditors and regulatory agencies during compliance examinations and inquiries

4. Policy Development and Management

• Develop, update, and maintain compliance policies, procedures, and guidelines
• Collaborate with legal counsel to ensure policies align with applicable laws and regulations
• Communicate policies and procedures to employees and stakeholders and ensure understanding and adherence

5. Training and Education

• Develop and deliver compliance training programs for employees, management, and board members
• Ensure training materials are up-to-date and reflect changes in laws, regulations, and industry best practices
• Monitor employee completion of required compliance training and maintain training records

6. Incident Management and Investigations

• Oversee the investigation of potential compliance breaches and suspicious activities
• Coordinate with legal counsel and law enforcement agencies as necessary
• Recommend corrective actions and disciplinary measures for compliance violations
• Document and report compliance incidents to management and regulatory authorities as required

7. Vendor and Third-Party Management

• Conduct due diligence on vendors and third-party service providers to ensure compliance with AZ CASH's standards
• Review and approve vendor contracts, ensuring inclusion of necessary compliance provisions
• Monitor vendor performance and conduct periodic compliance audits

8. Continuous Improvement

• Stay abreast of industry trends, best practices, and regulatory changes
• Identify opportunities for process improvements and enhancements to the compliance program
• Collaborate with cross-functional teams to implement compliance initiatives and projects

Reporting:

• Regularly provide reports on compliance activities and trends.
• Serve as a confidential point of contact for employees to communicate with management, seek clarification on issues or dilemmas, or report irregularities.
• Investigations and Resolutions:
• Respond to alleged violations of rules, regulations, policies, procedures, and standards of conduct by evaluating or recommending the initiation of investigative procedures.
• Act as an independent review and evaluation body to ensure that compliance issues/concerns within the organization are being appropriately evaluated, investigated, and resolved.
• Stakeholder Engagement:
• Interact with regulators and external auditors; manage external communication with regulatory authorities.
• Liaise with various business units to ensure that compliance tools and systems are fully integrated into all operations.

Required Qualifications:

• Bachelor's degree in law, finance, business administration, or a related field; advanced degree preferred
• Minimum of 3 years of experience in compliance, preferably within the banking, FinTech or financial services industry
• In-depth knowledge of state cannabis regulations and federal banking laws, including the Bank Secrecy Act (BSA), USA PATRIOT Act, and anti-money laundering (AML) regulations
• Professional certification, such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Regulatory Compliance Manager (CRCM), preferred
• Strong project management and organizational skills
• Excellent communication and interpersonal skills, with the ability to collaborate with cross-functional teams
• High level of integrity and ethical standards
• Proficiency in Microsoft Office and compliance monitoring software

Reports to: Chief Executive Officer or Chief Legal Officer

Job Types: Full-time, Temporary

Pay: $70.00 - $80.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Relocation assistance
• Vision insurance

Schedule:

• 8 hour shift

Experience:

• Banking or Finance: 3 years (Preferred)

Ability to Commute:

• Scottsdale, AZ 85250 (Required)

Ability to Relocate:

• Scottsdale, AZ 85250: Relocate before starting work (Required)

Work Location: In person