Head of AML for Meta FinTech and BSA / AML Officer, Meta Payments, Inc.
Meta

Job Info

The MFT Compliance Head of AML and MPY BSA / AML Officer is responsible for coordinating and monitoring Meta Payments, Inc's ('MPY') day-to-day BSA/AML compliance and should be fully knowledgeable of the BSA and all related federal and state regulations. The candidate should also understand MFT's products, services, customers, entities, and geographic locations, and the potential money laundering and terrorist financing risks associated with those activities. This person is also charged with managing all aspects of MPY's BSA/AML compliance program, staff leading Know Your Customer, Transaction Monitoring, New Initiatives, Models & Rules functions, and with managing MPY's adherence to the BSA and its implementing regulations. The BSA/AML Officer shall be fully acquainted with the provisions of the BSA. The BSA/AML Officer will regularly inform the MPY Board of Directors and senior management of the following:-Status of corrective actions taken related to identified compliance deficiencies-Status of training, including topics and attendance-SAR filing trends-Second Line of Defense Service Level Agreement (SLA) adherence-Number of cases created from alert generated on the automated surveillance monitoring syste

Head of AML for Meta FinTech and BSA / AML Officer, Meta Payments, Inc. Responsibilities:

• Responsible for administering, maintaining, coordinating and monitoring MFT's day-to-day compliance with BSA/AML/CDD/EDD/KYC/FinCEN/USA Patriot Act, and related laws, regulations, policies, programs, initiatives, rules and reporting requirements.
• Responsible for managing, administering, and enhancing all aspects of the BSA/AML monitoring systems, including making sure thattrbjgfiglfllinuvivdfvlliivfbliig appropriate parameters are in place to optimally identify suspicious activity. Monitoring systems include both system reporting and automated account monitoring software.
• Ensure that all required regulatory reporting is conducted in a timely, accurate, complete and compliant manner, including but not limited to the timely and properly completed submissions of Suspicious Activity Reports (SARs) to FinCEN as well as FinCEN 314(b) procedures and reporting.
• Maintain an effective CDD/EDD risk rating and monitoring program to include initial and ongoing assessments, and review and analysis of unusual/suspicious account activity.
• Act as a liaison for State examinations and internal and external independent audits of MPY's BSA/AML/OFAC compliance programs
• responsible for responding to exam and audit findings, and overseeing the corrective action of any related compliance deficiencies or violations.
• Responsible for maintaining and updating the BSA/AML policies and procedures and seeking approval from MPY's Board of Directors.
• Support BSA/AML risk assessments conducted annually or as needed with consideration to products, services, customers, and geographies that may present BSA/AML related risk
• and collect and report annually.
• Performs various other duties as assigned.

Minimum Qualifications:

• 10+ years experience in financial services and at least five years in a BSA / AML management role with experience in financial institution or intermediary. Examples of financial institutions or intermediaries could include consumer/commercial/investment banks, payment networks, merchant acquirers, or payment facilitators.
• Bachelor's Degree in Accounting / Finance or Law Enforcement Adjacent Program

Preferred Qualifications:

• Master's of Business Administration and/or Juris Doctor
• Knowledge of state money transmission requirements and regulations.
• Experience to multi-task, prioritize and work efficiently.
• Excellent communication skills with all staffing levels and a broad constituency of cross-functional partners.
• Demonstrated experience to work adeptly with all levels of management.
• Handle confidential information appropriately.
• Manage staff of AML Compliance Managers, Leads, Analysts and Specialists.
• Experience to work independently, self-starter, energetic.

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