Deputy BSA Officer

About Gusto

Gusto is a modern, online people platform that helps small businesses take care of their teams. On top of full-service payroll, Gusto offers health insurance, 401(k)s, expert HR, and team management tools. Today, Gusto offices in Denver, San Francisco, and New York serve more than 200,000 businesses nationwide.

Our mission is to create a world where work empowers a better life, and it starts right here at Gusto. That’s why we’re committed to building a collaborative and inclusive workplace, both physically and virtually. Learn more about our Total Rewards philosophy.

Amidst high growth, Gusto is expanding our BSA/AML Program to ensure it is scalable and as friction free as possible.  We’re taking an innovative and expansive look at processes and alternative solutions in the industry and recruiting a small but focused team of financial crime compliance professionals. Gusto is seeking an experienced and dynamic financial crime compliance leader to join our team as Deputy BSA Officer to work alongside our Board-Appointed BSA Officer in our NYC Office.

In this position, you will use your experience to support the BSA Officer directly as we expand Gusto’s BSA/AML program, including the building out of a dedicated oversight function.  In addition to providing program oversight you will also help support our financial crime compliance operations team responsible for investigations, screening, enhanced due diligence and SAR reporting. You will also have the opportunity to significantly impact our program through execution of day to day operations as well as with helping to evaluate, design, and implement new policies, procedures, processes, vendors, and systems utilized by our financial crime compliance operations teams.

You will also work closely with and advise our Product, Legal, CX, Engineering, Product and Design Teams on our platform of product offerings and features to ensure that our products are compliant with various laws, regulations, third parties, and our own standards. You will be at the center of building and maintaining a strong compliance culture at Gusto and helping us grow and scale our People Platform.

What it is like to Work with Gusto

Here’s what you’ll do day-to-day:

• Lead key BSA program initiatives including policy and procedure overhauls, the development of training materials, and implementation of new processes.
• Perform quality control reviews, provide feedback to junior team members, and give final approval for SAR filings and other compliance operational work including sanctions screening, EDD and PEP reviews.
• Identify and coordinate the implementation of process improvements relating to KYC, transaction monitoring and AML investigations.
• Assist with BSA/AML risk assessments to identify areas of high risk and develop internal controls and processes to mitigate associated risks.
• Assist with design, implementation, testing and tuning of suspicious activity alert rules.
• Support cross functional partners regarding financial crime risk assessments and approvals of product offerings, product features, and partnerships.
• Develop BSA/AML training materials for different audiences within Gusto.
• Coordinate with relevant stakeholders to facilitate annual BSA independent testing as well as responding to banking partner RFIs, law enforcement requests, and regulatory exams.
• Assist with the creation of program documentation including policies and procedures, training materials, and internal resources for cross functional partners.

Here’s what we're looking for:

• 5+ years experience in the financial crime compliance space with deep familiarity with AML/BSA investigations and SAR writing.
• Subject matter expertise in US financial crime regulations including the Bank Secrecy Act, OFAC, and NYDFS Part 504.
• Strong history with enhancing BSA compliance programs to meet the needs of a heightened regulatory landscape.
• An insatiable appetite for problem solving, knack for structured thinking, ability to spot unusual patterns, and sharp attention to detail.
• Driven by a strong moral compass, is objective yet compassionate, and does the right thing every time.
• Excellent time management skills and ability to handle multiple projects/tasks simultaneously. Is extremely process and policy oriented.
• Goal-oriented, positive, and proactive. Comfortable in a fast-paced, results-oriented work environment. Communicates well with others.
• Strong organizational and communication skills. Maintains clear documentation and utilizes strong written communication techniques. 

Bonus points:

• Experience with conducting financial crime risk assessments
• Experience conducting QA/QC on SARs
• Experience with training/mentoring junior team members 
• Fintech Experience
• CAMS

This is a hybrid position in our New York City office that requires in person attendance two days per week.

Our base salary cash compensation range for this role is $130,000 to $150,000 per year in New York City. Final offer amounts are determined by multiple factors, including candidate experience and expertise, and may vary from the amounts listed above.

Our customers come from all walks of life and so do we. We hire great people from a wide variety of backgrounds, not just because it's the right thing to do, but because it makes our company stronger. If you share our values and our enthusiasm for small businesses, you will find a home with us.

Our company is proud to be an equal opportunity employer. We do not discriminate in hiring or any employment decision based on race, color, religion, national origin, age, sex (including pregnancy, childbirth, or related medical conditions), marital status, ancestry, physical or mental disability, genetic information, veteran status, gender identity or expression, sexual orientation, or other applicable legally protected characteristic. Our company considers qualified applicants with criminal histories, consistent with applicable federal, state and local law. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us at [email protected].