Banking-as-a-Service Financial Crimes Compliance Officer

Banking-as-a-Service Financial Crimes Compliance Officer

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We're seeking a future team member for the role of Vice President, Financial Crimes Compliance Officer - Treasury Services / Banking-as-a-Service and Cards to join our Treasury Services - Financial Crimes Compliance team. This role is located in New York, NY - HYBRID.

In this role, you'll make an impact in the following ways:

• Contribute to the TS Compliance Team's efforts focusing on fintech banking and AML compliance.
• Collaborate with multiple assigned business teams across Product, Legal, Risk, and Technology to ensure fintech customer related and card related products, services and customers are best-of-breed in financial crime compliance risk and control.
• Responsible for supporting the business development, product development, and sales teams in their BaaS opportunities and client prospects.
  
  
  
  • The candidate should have an aptitude for assessing regulatory consent orders, enforcement actions, notices of proposed rulemaking, and for identifying areas for improvement in BNY's and prospective clients financial crime compliance framework.
  • The candidate should have compliance or regulatory experience with credit / debit / prepaid cards, BIN sponsorship, and state and Federal card disbursement programs. Experience with regulatory exams and third-party audits is a plus.
  • The candidate may also have experience in the following areas: FDIC disclosures, MSB licensing and regulations, compliance technology, third-party risk management, compliance program assessment, digital assets / cryptocurrency, and third-party payment providers.
  
  
• Bonus skills include compliance with consumer banking and payments regulations and policy, for example a candidate's experience in these areas would be considered:
  
  
  
  • Truth-in-Lending Act, Equal Credit Opportunity Act, UDAAP, Regulations E, CC, DD, and Z, the Consumer Financial Protection Bureau (CFPB) Prepaid Rule, Electronic Fund Transfer Act, Gramm-Leach Bliley Act and other consumer privacy protections, Remittance Transfer Rule, Federal Payments Rule, Federal garnishment rules, Regulation II, and consumer protection provisions and rules in card and payment networks.
  
  
• In partnership with business managers and internal stakeholders, reviews new products to ensure compliance with applicable laws and regulations as well as alignment with BNY's own risk tolerance. This includes the development of compliance monitoring and reporting for BaaS products and customers / prospects.
• Based on assessments of controls, works with business teams to implement improvements including the completion of appropriate documentation when control changes are made. This may include the drafting or review of policies & procedures.
• Challenge existing policies and procedures, as well as business practices, to ensure BNY is insulated from both inherent and residual business risks.
• Contributes to the development of projects and programs to improve compliance and enhance the control environment.
• Helps prepare risk-based reviews of new and existing clients seeking to use BNY's fintech / BaaS related products and services. This includes the facilitation of compliance calls with clients and prospects.
• Contributes to the preparation of time sensitive reporting and appropriately escalates issues to management.

To be successful in this role, we're seeking the following:

• Requires a minimum of 7 years' experience in some combination of the following: fintechs, MSBs, BSA compliance, third-party payment provision, card networks, financial services, audit and/or mobile and online payments. Experience requirement bullet point 2
• Experience and familiarity with the BSA, consumer banking compliance, and the laws, regulations, and industry best practices in this space are welcomed.
• Expert at creating presentation materials and delivering presentations,

At BNY, our culture speaks for itself. Here's a few of our awards:

• America's Most Innovative Companies, Fortune, 2024
• World's Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024
• "Most Just Companies", Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg's Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $81,000 and $225,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.