OFAC Officer Job Vacancy in The Reserve Trust Company Denver, CO – Latest Jobs in Denver, CO

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Company Name : The Reserve Trust Company
Location : Denver, CO
Position : OFAC Officer

Job Description : About the Team:
Reserve Trust is the first fintech trust company with a Federal Reserve master account. We provide B2B payments services that financial institutions and fintech’s have previously only been able to obtain from correspondent and sponsor banks. Unconstrained by legacy banking systems, the company is actively building new services, APIs, and payment rails to support embedded and real time payments for any fintech service or software platform. Headquartered in Colorado, the company is backed by some of the world’s best financial technology investors including QED and Fintech Collective.

Our Company Values:
Trust, Curiosity, Drive and Collaboration

Our Company Culture:
As a member of the Reserve Trust team, you are expected to contribute your talents and energies to conducting our business and improving the culture and quality of Reserve Trust. We value teamwork and collaboration within your department and cross functionally. We encourage knowledge sharing and challenging the norm. We value each other thru active appreciation and recognition. Bring your best practices to the table to help us build a world class, leading payments platform that continuously pushes the envelope in customer service. We want you to be the best version of yourself with us!

How You Fit In:
As part of the Financial Crimes Compliance Team of Reserve Trust you will play a critical role in building and overseeing a best-in-class sanctions and Office of Foreign Assets Control (OFAC) compliance program. To be successful in this role, you will be required to think creatively and use your expertise in banking, payments, technology, and sanctions/OFAC regulation to ensure that our program meets and exceeds regulatory requirements, incorporates best practices, and uses data and technology effectively.
This role reports to the Senior Director of Financial Crimes and will partner and collaborate with our stakeholders, compliance and risk leaders, and the rest of the organization to ensure we are following necessary regulations across our organization.

What You’ll Do:

Build and oversee a team that is committed to effectively carrying out our sanctions and OFAC compliance program.
Create a culture of “continuous improvement” that identifies and implements improvements to our sanctions and OFAC compliance program.
Think critically about the unique risks to our business as it relates to sanctions and maintain an updated risk assessment.
Establish and maintain effective internal controls, including policies and procedures, in order to identify and interrupt potentially prohibited activity.
Develop and enhance our sanctions and OFAC screening systems to identify prohibited transactions.
Expand our abilities for more effectively and efficiently screening for prohibited activity including incorporating predictive and advanced analytic methodologies.
Establish and maintain appropriate processes for investigating potentially prohibited activity, documenting our findings, and making appropriate recommendations and filings.
Communicate regularly with our Risk Committee on our sanctions and OFAC compliance program status, examinations, independent reviews, and enhancements.
Manage and administer company-wide compliance training programs.
Facilitate audits by independent third parties and examinations by our regulators.

Qualifications:

Minimum of 10 years’ experience in OFAC compliance, including governance and operational experience in the financial services space, preferably in the Fintech space
Preferred Education: Bachelor’s or Master’s degree or relevant working experience
Strong understanding of relevant OFAC laws and key banking regulations as well as industry best practices
Professional certification such as CAMS or equivalent certification preferred

Key Competencies:

Leader
Thinker
Exhibits Resourcefulness
High Attention to Details
Drives for Results
Collaboration
Effective Communication

What Reserve Trust Offers:

Competitive Salaries
Equity Options
401(k) with company contribution
Excellent No-Cost and Low-Cost Medical, Dental and Vision plans for employees and dependents
Short-Term Disability, Long-Term Disability and Life Insurance
FSA and HSA Plans
Flexible PTO
Home office stipend

We feel passionately about equal pay for equal work, and transparency in compensation is one vehicle to achieve that. Total compensation for this role is market competitive, including a base salary range of $175,000 – 210,000. Reserve Trust intends to offer the selected candidate base pay within this range, dependent on job-related, non-discriminatory factors such as experience and location.

The Reserve Trust Company does not discriminate on the basis of age, race, religion, national origin, disability, gender, or any other protected status.

The Reserve Trust Company is not open to third party solicitation or resumes for our posted positions. Resumes received from third party agencies that are unsolicited will be considered complimentary.

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