What are the responsibilities and job description for the US Compliance Testing & Monitoring Manager position at Alexander Barnes?
Alexander Barnes is leading the search for a Compliance Testing and Monitoring Manager to join a fast-growing FinTech transforming corporate credit and payments.
This role will drive the development, execution, and optimisation of compliance monitoring and testing processes, ensuring effective internal controls and adherence to regulatory standards.
Reporting to senior leadership, you'll play a pivotal role in ensuring the business efficiently meets its regulatory obligations
Key Responsibilities
Regulatory Compliance Oversight
- Ensure compliance with U.S. banking laws and regulations, including BSA/AML, OFAC, Regulation E, Regulation Z, and consumer protection laws (CFPA, ECOA).
- Develop and maintain frameworks to address evolving compliance areas, including data privacy regulations (GDPR, CCPA).
- Adapt compliance processes to align with updates in state and federal regulations.
Testing and Risk Management
- Plan and oversee compliance monitoring and testing activities, focusing on financial crime risks.
- Implement risk-based methodologies to identify, assess, and mitigate compliance risks.
- Refine monitoring and testing procedures to ensure relevance and effectiveness.
- Leverage compliance tools such as Actimize or Verafin to manage risks efficiently.
AML and Sanctions Compliance
- Oversee sanctions screening processes and ensure alignment with OFAC regulations.
- Manage timely and accurate filing of SARs and CTRs with FinCEN.
- Ensure adherence to Enhanced Due Diligence (EDD) and Know Your Customer (KYC) requirements.
Audit and Examination Preparation
- Lead preparation for internal and external audits, including pre-exam submissions and post-audit remediation.
- Manage compliance reviews and regulatory examinations with precision.
- Act as the main point of contact for regulators and internal stakeholders during audits.
Reporting and Documentation
- Prepare and publish detailed compliance testing reports for senior management.
- Track and validate corrective actions to ensure effective resolution of issues.
- Maintain meticulous documentation of findings, actions, and regulatory communications.
Change and Emerging Risk Management
- Assess compliance risks for new products and market expansion initiatives.
- Evaluate risks related to emerging technologies, ensuring alignment with regulatory requirements.
- Monitor and address compliance risks associated with third-party partnerships and vendors.
About You
Experience and Knowledge
- 3-5 years in regulatory compliance, compliance testing, audit, or risk management within banking, financial services, or FinTech.
- Deep understanding of U.S. banking laws and regulations (BSA/AML, OFAC, Regulation E, Regulation Z).
- Experience with consumer protection laws (CFPA, ECOA) and data privacy regulations (GDPR, CCPA).
- Familiarity with partner bank models and third-party compliance oversight is a plus.
Skills
- Proficient with AML transaction monitoring systems such as Actimize or Verafin.
- Strong analytical skills with a proven ability to assess and manage compliance risks.
- Exceptional written and verbal communication skills, with the ability to present complex information clearly to senior stakeholders.
- Highly organized with the ability to manage multiple priorities in a dynamic environment.
Attributes
- Meticulous attention to detail and precision in documentation.
- A proactive problem solver with a knack for anticipating challenges.
- Thrives in fast-paced, high-growth environments.
Salary : $140,000 - $170,000