Director of AML / BSA Compliance Job in Austin 78701, Texas US
About NetSpend
Austin-based NetSpend is a leading provider of general purpose reloadable prepaid debit cards and related financial services to underbanked consumers in the United States. We primarily focus on the estimated 60 million underbanked consumers in the U.S. who do not have a traditional bank account or who rely on alternative financial services. Our mission is to empower consumers with the convenience, security and freedom to be self-banked. More information about the company can be found at http://www.netspend.com or by following the company on Facebook or Twitter.
NetSpend offers a competitive compensation and benefits package including:
· Cafeteria-style group medical, dental, and vision care plans for employees, with dependent coverage also available
· 100% employer paid $100,000 Life Insurance policy
· 100% employer paid short-term and long-term disability coverage
· Up to a 4% company match on 401K contributions
· IRS Flex Spending Accounts
· Employer paid parking for all employees
· Gold’s Gym corporate membership discount
· Free NetSpend Premier® card
· Free soft drinks and coffee in all break rooms
· Three weeks of paid time off, plus paid holidays
Position Description:
The Director of AML / BSA Compliance is responsible for providing expertise and administrative oversight of prepaid and financial regulatory compliance related to the Bank Secrecy Act and anti money laundering practices. The position is responsible for day to day management of a team of AML analysts and interaction with Compliance, Legal, and other business groups to ensure policy and practice meet regulatory obligations and industry best practice.
Responsibilities:
· Manage AML monitoring program to ensure compliance with laws, regulations, and rules
· Provide leadership to the team of AML analysts to promote best practices, efficiency, and adherence to policy and regulations
· Ensure SAR and CTR filings are performed on time and of a high quality
· Oversee ongoing OFAC monitoring, investigation, and reporting
· Interact with issuing bank compliance teams to align practices
· Participate with Compliance management in ongoing risk assessment and controls development
· Reviews statutes and regulations to determine their effect on AML controls
· Assess trends to remain abreast of emerging market changes
· Develop strategic and tactical plans to respond to a changing regulatory environment
· Review and test the adequacy of the AML compliance control environment and make recommendations as necessary
· Work closely with other risk disciplines including but not limited to operational risk management, legal and audit services
· Assist in responding to audit and informational requests by regulatory authorities
Skills/Education/Experience:
· 5+ years of Anti Money Laundering (AML) management, preferably in prepaid industry
· Broad knowledge of Federal and State regulation of banking products, prepaid programs, and financial services
· Able to communicate regulatory compliance issues to associates via scheduled meetings
· Organized and detail-oriented, able to work well under deadlines in a changing environment and perform multiple tasks effectively and concurrently
· Excellent leadership, project management and mentoring skills
· Ability to accomplish goals through influence management and motivation
· Excellent communication skills, both verbal and written, with strong analytical and problem solving skills
· Knowledge of non BSA financial regulations preferred; FDIC, Reg E, UDAAP, GLBA, FACTA
· Prefer CAMS Certification
· As provided in NetSpend's Background Check policy, eligible candidates may be subject to drug, criminal history, and credit checks, which will be conducted and used in accordance with applicable local, state, and federal laws
Please click here to apply now