Vice President, BSA/AML/OFAC Officer Job Vacancy in Openpay Group Washington, DC – Updated today

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Company Name : Openpay Group
Location : Washington, DC
Position :

Job Description : Opy USA (Opy) provides consumers and businesses with point of sale (POS) and ecommerce access to flexible, affordable, and responsible unsecured lending solutions. Opy is part of Australian-based Openpay Group Family and recently launched in the US. Opy connects consumers to merchants and its financing solutions through the Opy App. Opy helps people pay with transparency and confidence—i.e., smarter—for the things that matter most. From healthcare to pet care, maintaining a car, furnishing and maintaining a home, private education and more. Opy also helps businesses to reach more business customers, providing B2B payments and credit solutions via its OpyPro product solutions.We’re changing the way people pay, for the better, and we’d love you to join us on our mission. You will have a rare opportunity to join both an established multi-national business while at the same time getting to be part of something brand new as we stand up our US business to supercharge our growth.At Opy, we’re more than just a “buy now pay later” (BNPL) offering. We’re offering next evolution payment and lending solutions. What we call, “buy now pay smarter.”About the role: We’re looking for an anti-money laundering (AML)/Bank Secrecy Act (BSA)/Office of Foreign Assets Control (OFAC) expert to lead this function for Opy USA as we evolve from launch to growth. This person will maintain and administer our AML and related programs and perform required investigations and reporting to ensure compliance with regulations. The ideal candidate will have both bank and fintech experience and be able to apply requirements to our business model, including both consumer and merchant funds flows, to ensure compliance while also enabling performance.What the role is responsible for: n Serve as the organizational designated AML officern Coordinate and monitor AML and related compliance programs for OPY US including maintaining US compliance policies, analyzing regional regulations, developing and maintaining training programs, and managing testing/controls requirementsn Maintain and enhance anti-money laundering policies for OPY US, including key procedures, and controls; maintain sanctioned countries, PEP, and SIP listsn Perform AML risk assessment of existing and upcoming OPY US products and services and make policy recommendationsn Collect and examine financial statements and documents to assist in identifying unusual transaction patternsn Perform investigations, document findings and prepare case files for review; utilize internal and external databases to resolve investigations.n Write and file Unusual Activity Reports (UARs) and recommend relationship retention or termination and track customer/merchant account closures as neededn Interact with OPY US leadership team and bank and other major partners across Compliance, Commercialization, Product Development and Legal concerning potential AML issues and be able to advocate for right-sized program elementsn 5+ years’ relevant work experience in financial services specializing in financial crime compliance, reviewing customer transactions and information for potentially suspicious activity and performing AML or fraud investigationsn Bachelor’s degree in commerce, with in-depth knowledge in finance, accounts, anti-money laundering – e.g., CAMS certifications will be preferredn Knowledge of the laws applicable to money laundering, terrorist financing, and other applicable financial/securities related crimes (e.g., insider trading, market manipulation), including the Bank Secrecy Act (BSA), The USA PATRIOT Act, US Treasury AML guidelines, OFAC, SEC, FRB, FinCEN requirements, and UAR/SAR requirementsn Understanding to apply optimally legal and regulatory requirements to the Opy business modeln Proven analytical, verbal, and written communication skills with the ability to interpret regulatory requirements prudentlyn Willingness to roll up sleeves in a start-up like environmentn Ability to adapt to fast growth and organizational expansionWhat you’ll need to have: What’s in it for you?n The opportunity to join a rock star squad on a mission to change the US marketplace and enhance the livelihoods of consumers and merchantsn The opportunity to get in early and help shape an organization and be a strong contributor to its lift off and maturationn Career growth opportunities, including to take ownership of key issuesn A fun, innovative, and fulfilling organizational culture:o We are a diverse group of dynamic, fast-moving, high energy team playerso We have fun and value work-life balance.o We value open communication – you are encouraged to own it with passion and have your sayo We celebrate individual differences – where you can be yourself and bring your own unique valueo We enjoy each other’s company and look after each other with regular social events and a companywide well-being programJob Type: Full-time

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