BSA-AML Compliance Analyst

Job Description

Job Description

At Paysend, we're on a mission to deliver the World's Simplest Money Transfer.

Paysend is a next-generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow and in any currency.

Paysend is UK-based and has global reach having been created in April 2017 with the clear mission to change how money is moved around the world.

Paysend currently supports cross-network operability globally across Mastercard, Visa, China UnionPay and local ACH and payment schemes, providing over 40 payment methods for online SMEs.

Paysend can send money to over 170 countries worldwide and has attracted more than seven million consumers to its platform.

As a global end-to-end payment platform, Paysend has a global network of banks and international and local payment systems and has partnerships with the major international card networks Visa, Mastercard and China Union Pay as a principal members and certified processors.

Our success is built on supreme technology, friendly customer service and, of course, the very best talent in the FinTech industry.

We're looking for the future gamechangers of FinTech to join us as we positively disrupt the personal and business payments markets and make financial services more accessible and inclusive for individuals and small businesses around the world.

Every day is a new challenge at Paysend, and we approach each project with ambition, innovation and creativity.

What's the role about

In order to sustain our operations in USA and maintain our numerous Money Transfer Licenses for our local Paysend USA subsidiary we need to ensure full compliance with all local regulatory requirements.

• Report to the BSA / AML Compliance Officer, aid in maintaining our Compliance Management System.
• Help with the interactions with the various Regulatory personnel at USA state licensing bodies on a day-to-day basis to secure and maintain our License / approvals to support the growth of Paysend business in USA.

The Role's main KPIs :

Meet our regulatory obligations on transaction monitoring and SAR filing in all US states

Enable timely launch of Paysend Global Transfers services in USA, as well as UVN launch

Secure regulatory approval for ongoing launches for additional Paysend digital financial services in USA

What you'll be doing

• Ensure compliance with Bank Secrecy Act Regulation's, Anti-Money Laundering related regulations, Office of Foreign Assets Control Regulations and USA PATRIOT Act Regulations.
• Review system generated alerts, assess impact to AML processes, conduct research as required, and document results in written format within SLAs.
• Write suspicious activity reports, address sanctions alerts, and other applicable AML processes in accordance with regulatory expectations and departmental procedures.
• Maintain current knowledge of laws, regulations, policies, and procedures applicable to the job assignment.

What you'll need to be successful in the role

Bachelor's degree; or equivalent experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal / consulting firm, or a combination thereof;

experience with NAM Card's Lines of Business

• ACAMS or CFE Certifications or similar AML or Investigator Certifications are preferred.
• 3+ Years' experience in BSA Compliance, Banking, Auditing or AML Investigations or prior banking or financial services experience
• Project Management Certification, a plus
• Experience with International Remittances
• Ability to multi-task, work independently and as part of a team, establishing cooperative and collaborative working relationships.
• Advanced computer and analytical skills including Microsoft Outlook, Word, and Excel.
• Risk Management Platform and Service Desk Platform experience a plus

Why Paysend?

We're looking for people who share our passion for innovation, buy into the Paysend ethos and add value to our team. When you join Paysend, you'll have the chance to grow and develop as the business does.

We believe in empowering people to be successful in their jobs, and we pay them fairly for their expertise. We give everyone the context and tools to operate as business owners and encourage our people to contribute with their hearts, minds and creativity.

In the fast-paced FinTech industry the Paysend journey may not always be easy, but we succeed by working together to create solutions that break the status quo.

We employ the right people to help us steer the business towards success and global influence.

If Paysend sounds like the perfect company for you, we'd love to hear from you!