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VP Payments Compliance Advisor
The BancorpVP Payments Compliance Advisor at The Bancorp ensuring compliance with BSA/AML regulations. Liaising with regulatory agencies and advising on new payment products and services.
Tech Stack
Tools & technologiesRuby on Rails
About the role
Key responsibilities & impact- Responsible for liaising with regulatory agencies and presenting the Bank's achievements during regular reviews, periodic visits, or audit meetings
- Collaborates with a large globally dispersed support team and key stakeholders outside the organization
- Interacts with a broad spectrum of business partners ranging from Challenger banks, Fintech firms, Card Networks, and payment industry leaders to advise on the development, execution, and operation of innovative products and services
- Serves as the FCRM advisory lead for assigned program manager portfolios and lines of business
- Owns the BSA/AML and Sanctions risk assessments for those programs and translates regulatory expectations into clear, well-documented guidance
- Develops close working relationships with business leaders and other stakeholders to advance a culture of compliance within the organization
- Prepares reports to be used by various oversight and governance committees to understand BSA risk and other related activities and trends
- Assists with drafting, updating, maintaining AML and Sanctions policies, programs, and procedures
- Assists in the coordination of regulatory exams and independent audits
- Implements and maintains processes to ensure compliance with Federal, State, and network rules and regulations and Bank policies/procedures
- Advises lines of business during the development of new products and services and evaluates BSA/AML & Sanctions risk level
- Tracks BSA/AML and Sanctions industry developments and maintains up-to-date knowledge of regulatory changes, existing laws, and regulations impacting the organization
- Collaborates and assists with the BSA/AML and Sanctions Risk Assessments in communication with the Director, FCRM Advisory
- Produces and maintains clear, audit-ready documentation, including procedures, risk assessments, control narratives, and decision records, to support program transparency and examination readiness
- Plans and manages advisory initiatives through the team’s project-management and concept-to-implementation workflow, sequencing work and tracking deliverables to completion
- Prepares and delivers executive summaries of activities, actions, controls, and risk assessments for the area
Requirements
What you’ll need- Undergraduate degree in a related field or an equivalent combination of training and experience
- A minimum of 8 years of successful and relevant experience in BSA/AML and Sanctions
- 3+ years of experience in a senior compliance role at a bank, card network, fintech, or in the payments industry
- Master’s/JD Degree, preferred
- APRP, CAMS, or CRCM Certification is preferred
- Deep knowledge and experience with best practices in payment and banking technologies, payment rails, and corresponding regulations, preferred
- Knowledge of AML typologies and emerging risks in financial crime and money laundering, preferred
- Previous experience working with internal auditors, financial regulators, and card networks, including audits and examination response and remediation of identified issues, preferred
- Experience applying AML guidance in non-traditional bank settings to address unique risks posed by Fintech firms and Challenger banks, preferred
- Problem-solving and decision-making skills, with the ability to analyze complex information to identify the critical issue and drive resolution, preferred
- Expert knowledge of regulations and compliance best practices related to BSA/AML, OFAC, CIP, and KYC, preferred
- Demonstrated ability to build strong relationships, as well as management and influencing skills, preferred
- Collaborative and team player, preferred
- Hands-on experience designing and executing enterprise-wide and program-level BSA/AML and Sanctions risk assessments, preferred
- Strong documentation discipline and project-planning skills, with a track record of producing clear procedures, risk assessments, and decision records and managing initiatives to completion, preferred
- Excellent written and verbal communication skills, with proven ability to translate complex regulatory requirements for business, product, technology, legal, and audit audiences, preferred.
Benefits
Comp & perks- Health insurance
- 401(k) matching
- Flexible work arrangements
- Professional development opportunities
- Paid time off
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
BSA/AMLSanctions risk assessmentsAML typologiesPayment technologiesRegulatory complianceRisk assessmentsDocumentationProject managementFinancial crime analysisAudit readiness
Soft Skills
Problem-solvingDecision-makingRelationship buildingCollaborationInfluencingCommunicationAnalytical skillsTeam playerManagement skillsOrganizational skills
Certifications
APRPCAMSCRCM