Compliance & Risk Director

Finexio is the leader in AP Payments as a Service, the leading embedded payments approach for business-to-business payments. Finexio simplifies the way businesses process and receive B2B payments by integrating electronic payments and cash flow improvement solutions directly into customers’ accounts payable and procurement software.

Our vision is a world in which finance leaders only have to decide “what” to pay- Finexio’s software seamlessly handles the “how” and the “when”.

We are growing revenue over 100% per year and are a leading disruptor in the B2B Payments and Fintech industry. The company has raised over $65m in investment and is backed by investors JP Morgan, Discover, NBH Bank, Mendon Venture Partners, and Valley Bank. These investors believe in the mission and technology so much that they are also customers and partners.

This position will ensure that Finexio operates in accordance with relevant laws, regulations, and sanctions. We are seeking an experienced Risk and Compliance Director to ensure organizational compliance with Know Your Customer (KYC) / Know Your Business (KYB), Bank Secrecy Act (BSA), USA Patriot Act, Office of Foreign Assets Control (OFAC), and Anti-Money Laundering (AML) regulations; achieve and maintain Nacha certification for Third-Party Senders in the ACH Network. 

This position will focus on developing and implementing strategies, policies, and procedures for reducing risk from fraud and other illegal acts, and organizational structure capable of scaling with ease and confidence to enable exponential growth of processing volumes.

Requirements

• 10+ years of experience managing Risk and Compliance activities for a Bank’s Treasury department or for a large Payment Processor.
• Degree in Business, Business Administration, Finance, Risk Management, or another related field.
• Expertise in operational risks associated with payment flows and ability to properly document, manage and mitigate those risks.
• Proven experience working with financial institutions as it relates to payment processing. Knowledge of banking compliance and payment processing laws and regulations is a must.

• Deep knowledge of the reporting and recordkeeping requirements of BSA, AML, KYC rules and regulations, USA PATRIOT Act, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC).
• Expertise in best practices for continuous Risk Management and Fraud Prevention.
• Experience executing internal compliance and risk review and monitoring activities, including periodic reviews of all departments.
• Experience managing and coordinating efforts related to external audits, reviews, and examinations.
• Experience in balancing risk management and business operations including sustainability, efficiency, budget, and overhead control.
• Ability to monitor and assess achievements against established targets.
• Excellent oral and written communication skills with advanced skills related to the preparation and submission of regulatory, statutory and risk/compliance reports.
• Ability to manage and prioritize multiple tasks and work under demanding conditions with many interruptions.
• Be someone that thrives in a dynamic, high pressure and at times hectic environment with a culture of harnessing ongoing process improvement and a ‘can do’ attitude.

Responsibilities

• Responsible for adhering to the reporting and recordkeeping requirements of BSA, AML, KYC / KYB rules and regulations, USA PATRIOT Act, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC).
• Continuously evaluate compliance and risk management practices to ensure continuing compliance; provide regular relevant training across the organization.
• Overall design & delivery of business processes and technology related to fraud prevention.
• Implement best practices based on TPPPA Compliance Management (or equivalent) System and obtain and maintain TPPPA Processor CMS (or equivalent) Certification.
• Ensure compliance with the chosen risk management framework and that necessary compliance processes and procedures are fully implemented in all areas.
• Execute internal compliance and risk review and monitoring activities, including periodic reviews of all departments.
• Build best practices for a continuous Risk Management:
• Identification and Measurement of Risks
• Mitigation of Risks
• Monitoring of Risks
• Provide strategic direction as it relates to risk and compliance.
• Prepare and present compliance reports to the Executive management.
• Manage and coordinate efforts related to external audits, reviews, and examinations.

*** Serve as the Compliance and Risk spokesperson for Finexio for all external communication ***

Benefits

Why You’ll Love Working at Finexio:

• Culture: We are a humble, client-first team that is focused on collaborative data-driven success.
• Speed: We move fast, love new ideas and give you the opportunity to push your limits.
• Growth: We are expanding rapidly into new markets, launching new services, and creating a world-class company

What We Offer:

• The chance to work in a fast-paced start-up environment with experienced industry leaders.
• An environment where you can dive deep into the latest technologies and make a real, measurable impact.
• Employee Engagement – Quarterly virtual team building activities and monthly team lunches.
• Competitive salary and stock options
• Medical, dental, and vision
• Unlimited Vacation Policy 

Compensation: $125k -$150k + equity.