AML/BSA Officer

Summary

Join BitPay as the AML/BSA Officer, where you will be responsible for ensuring compliance with regulations, particularly those set by the New York Department of Financial Services (NYDFS). Your primary focus will be implementing and overseeing the AML/BSA program, identifying and preventing suspicious activities related to money laundering and terrorist financing. You will also play a strategic role in aligning risk management with the organization's goals, enhancing business resilience. This role requires strong communication skills, the ability to articulate risk and compliance concepts effectively, and the capacity to facilitate agile decision-making. You will be responsible for conducting internal risk assessments, managing third-party audit vendors, and staying current on all relevant AML/BSA regulations and best practices.

Requirements

• 5+ years of extensive knowledge of BSA/AML and OFAC regulations, with a requirement for experience in cryptocurrency
• 3+ years of experience with NYDFS BitLicense and compliance requirements for MSB companies
• Varied experience supporting different environments and teams, including both startup/small company settings and large, established companies, demonstrating adaptability and hands-on leadership
• Certified Anti-Money Laundering Specialist (CAMS) certification
• 3+ years of prior audit experience (compliance, financial, or accounting)
• Excellent written and verbal communication skills, with the ability to present complex ideas clearly
• Strong analytical and problem-solving skills
• High attention to detail and the ability to work independently
• Bachelor’s degree in a related field (e.g., Law, Risk Management, Business)
• Proven management experience in enterprise risk management, with a focus on overseeing multiple risk areas
• 3+ years of experience working with internal and external stakeholders, including management, the Board, regulators, and auditors

Responsibilities

• Develop and maintain the AML/BSA program, policies, and procedures in alignment with NYDFS regulations
• Regularly update policies and procedures to adapt to evolving regulations and industry best practices
• Oversee day-to-day management of the AML/BSA/OFAC program across the organization
• Conduct enhanced due diligence on high-risk customers and establish/maintain customer risk profiles
• Prepare and submit SARs to FinCEN and other relevant agencies per regulatory requirements
• Lead AML training for employees to ensure adherence to policies and procedures
• Stay current on all relevant AML/BSA regulations, guidance, and best practices
• Collaborate with internal and external auditors during AML audits
• Conduct ongoing risk assessments to identify and mitigate potential AML risks
• Lead risk assessment projects across departments, including managing third-party audit firms
• Maintain strong working knowledge of AML model validations and audit processes
• Develop and implement enterprise risk management processes and lead efforts to update assessments for new products
• Serve as the liaison with regulators and customers, promoting the company’s brand and educating stakeholders on risk matters
• Participate in key committees, such as the Enterprise Risk Committee and Audit Committee
• Evaluate audit results and provide recommendations to management regarding risk limitations
• Keep management updated on risk mitigation efforts, including regular reporting to senior management and the Board
• Perform quality assurance (QA) reviews of the company’s risk and control inventory
• Lead the development and oversight of BSA/AML/OFAC control systems from a leadership and strategic perspective
• Support the Audit department with specific testing, coordination with internal/external auditors, and audit findings validation
• Collaborate with third parties to ensure timely completion of NMLS and MLO renewals

Benefits

• Collaborate with a team of intelligent, enthusiastic individuals
• Thrive in a rapidly expanding crypto company with global reach, where your contributions make a tangible impact
• Work remotely with a generous vacation policy, including the opportunity to take a sabbatical and select your own holidays
• Access to continuous learning and development opportunities, supported by professional development reimbursement
• Competitive salary package with comprehensive benefits, including telemedicine, life insurance, disability insurance, vision coverage, 401(k), travel assistance, fully covered medical and dental plans, and more
• Option to receive payment in cryptocurrency, along with a crypto match program
• Stock option awards available to all employees
• Home office allowance, reimbursement for internet/cell expenses, and complimentary Amazon Prime and Spotify subscriptions