What are the responsibilities and job description for the BSA/AML Compliance Officer position at Comun?
About Comun
Comun's mission is to help Hispanic immigrants turn their hard work into upwards mobility - starting with financial services that enable the transition from cash to the digital economy.
We offer checking accounts that immigrants can open using more than 100 IDs from Latin America; more than 90K locations across the country to deposit cash; international transfers at market leading rates to 17 countries in Latin America; and 24 / 7 bilingual customer support with
A year ago we launched our own banking infrastructure, resulting in 100x revenue growth and 4x growth of ARPU. We currently process over $1.5B in transaction volume on a yearly basis, and crossed $100M in annualized international transfers just six months after launching them.
We've raised $30M from Redpoint, Costanoa Ventures, and South Park Commons, among others. Most of our team comes from leading fintech companies like Brex and Nubank.
We believe immigrants are the ultimate entrepreneurs, carrying a relentless work ethic in search of a better future for their families. Comun exists to serve them throughout their journey.
Learn more at comun.app / nosotros
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About the role
We are looking for a highly motivated and experienced BSA / AML Compliance Officer to join our team in New York City. Reporting directly to the Head of Compliance, this role is critical in ensuring our organization meets and exceeds all regulatory expectations.
As the BSA / AML Compliance Officer, you will lead the design, implementation, and maintenance of Comun's BSA / AML compliance program. Your primary responsibility will be to ensure adherence to applicable regulations, including the Bank Secrecy Act (BSA), USA PATRIOT Act, FinCEN regulations, OFAC sanctions, and FATF recommendations.
What you'll do :
- Lead BSA / AML Program : You will develop and maintain BSA / AML policies, procedures, and controls that reflect the latest regulatory changes, industry best practices, and emerging risks.
- Risk Assessment and Monitoring : You will conduct the annual BSA / AML compliance risk assessment to identify money laundering and financial crime risk across Comun's operations. You will oversee the transaction monitoring systems and the review of suspicious activities to ensure that identified risks are properly mitigated. You will lead and monitor the completion of Unusual Activity Reports (UARs), customer due diligence (CDD), and enhanced due diligence (EDD) processes. You will regularly assess internal controls and procedures to improve the effectiveness of the BSA / AML program and respond to emerging risks.
- Audit / Exam Management : You will coordinate responses to BSA / AML-related audit and regulatory inquiries and act as the primary point of contact regarding BSA / AML matters.
- Training : Review and implement compliance training for Comun staff on relevant BSA / AML requirements. You will promote a culture of compliance across Comun and help employees understand their role in maintaining a robust and effective BSA / AML program.
- Compliance Oversight and Reporting : You will provide regular reports to senior management and the Board regarding the effectiveness of the BSA / AML program, regulatory developments, and compliance trends. You will serve as a key advisor to senior leadership on matters related to financial crimes and risk mitigation strategies.
You are :
Requirements :
Team
We are a team of 30 based out of New York, coming from industry-leading companies like Brex, Nubank, Cruise, and Verkada. Over half of us are immigrants, and have experienced the problems we're solving first hand. We value customer focus, high ambition, principled decision-making, and deep trust.
Benefits
Comun is proud to be an equal opportunity employer. We are committed to building a diverse and inclusive culture that celebrates authenticity. We do not discriminate on the basis of race, religion, color, national origin, gender, gender identity, sexual orientation, age, marital status, disability, protected veteran status, or any other legally protected characteristics.
Salary : $100
