Correspondent Banking Compliance

1 мес. назад

USASeniorRemote

Implement and support correspondent banking compliance framework as part of 's strategy to expand and onboard new banks.

Обязанности

’s Correspondent Banking (CB) Compliance role will support the delivery of ’s correspondent banking strategy as we expand into new geographies and onboard new banks. In this position, you will be responsible for implementing ’s framework for onboarding correspondent banking relationships in a highly hands-on and execution-focused capacity.
This is a builder role for someone who thrives in operations-heavy environments, enjoys owning work end-to-end, and is comfortable with a scope that will continue to evolve as the business grows. You will have a critical impact in evaluating country-level risk, translating those risks into practical diligence requirements, designing rules to target geography and bank specific risks, and performing deep, end-to-end due diligence on correspondent bank partners globally.
While an in-person presence in the Bank’s Presidio-based office is strongly preferred, this role is open to remote applicants with the expectation of frequent travel.

Другое

For companies building financial technology and transforming the financial services space, the biggest bottleneck to their growth and innovation is often the underlying banks and infrastructure stack they rely on. We have spent our careers founding and scaling companies like Plaid, Square, Meta, Blend, and Affirm, and have seen this problem firsthand — builders and developers needing to partner with traditional banks, and creating API and abstraction layers over the patchwork that is the bank, its core, and many other vendors. All of this results in a complex (and often expensive) banking supply chain involving a user, fintech, BaaS middleware provider, bank, core and the Federal Reserve.
At , we set out to simplify and fix this. We are a bank and a software company built from the ground up, offering builders and developers technology-forward banking solutions that cut out the hundreds of vendors, middleware providers, and abstraction layers. This means a safer, more transparent, and less costly banking supply chain. Come build with us!
Execute a comprehensive onboarding framework: Enhance existing procedures, requirements, and processes for onboarding correspondent banks globally
Run the diligence process for new countries and be responsible for mapping all geo-specific risks, writing country risk assessments, and designing rules and systems to detect and monitor these risks.
Execute the onboarding process for new correspondent bank partners according to the framework, policies, and procedures developed.
Lead the periodic review process for partner banks.
Support ongoing monitoring: Partner with other Compliance and Risk stakeholders to refine and execute ongoing monitoring expectations for correspondent banking relationships, including periodic reviews, trigger events, and escalation criteria
Support business development conversations: Be a partner to our Go-to-Market (GTM) team as they build relationships and sell to prospective banks.
Help our GTM evaluate good target customers.
Educate prospective customers on what it’s like to work with and our risk and compliance teams.
Support new product build out: Work closely with GTM and Business teams to coordinate product rollouts and navigate regional risks.
Provide clear guardrails and discovery guidance to streamline customer engagement.
Create and deliver customer-facing documentation, ensuring clarity and compliance (e.g., requirements for bank customers).
6-8+ years of regulatory, compliance or risk management experience with a focus on international financial activity. Previous correspondent banking experience is ideal but not required.
Ability to build and operational policies, procedures, and workflows
Strong familiarity with underwriting geographic and political risks
Exceptional communication skills, with the ability to create detailed, clear documentation for a diverse range of stakeholders
Ability to jump into new situations and quickly solve problems, with an eye towards architecting solutions that will scale
Hyper-organized approach to project management, including coordinating efforts across multiple teams; comfort juggling multiple projects and priorities is critical
Scrappy, roll-up-your-sleeves attitude - we thrive because we work harder, are more creative, and have zero ego when it comes to getting our hands dirty to build a business
Ability to travel frequently If you are not located in San Francisco we expect a monthly trip in the first six months and five times a year going forward.
Heavy international travel to client and prospective banks.
🏥 Comprehensive health, dental, and vision plans, including options that are 100% covered by for you and 100% covered for your dependents!
🐣 Comprehensive family planning and fertility benefits via partnership with Carrot, including reimbursement of up to $20,000 in qualified expenses
🏡 Up to $2,000 (post-tax) monthly rent subsidy for employees living within 2 miles of ’s office
💳 FSA and HSA account options to enable use of pre-tax money for medical and dependent care expenses
📈 401k plan, including self-directed brokerage options
🌴 Flexible time-off policy - take the time off that you want and need to relax and recharge
👶 100% paid parental leave, including 16 weeks for birth mothers, 12 weeks for primary caregivers, and 8 weeks for secondary caregivers
😇 Up to $4,500 in annual reimbursements for backup childcare
🍽️ Catered lunches and dinners for SF employees
🚆 Commuter benefits, including paid transportation to-and-from the office
🎉 Regular team building events, including annual offsite
is committed to working with the best and brightest people from the broadest talent pool possible. We value bringing together a team with different perspectives, educational backgrounds, and life experiences, and believe a diversity of ideas is what allows us to develop the best solutions. All qualified individuals are encouraged to apply.
If you need assistance or a reasonable accommodation during the application and recruiting process, please reach out to accommodations@.com.
We participate in the E-Verify program in certain locations as required by law. Learn more about the E-Verify program here .