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Director, Head of Financial Crimes Compliance



Accounting & Finance, Legal
Seattle, WA, USA
Posted on Friday, January 26, 2024

Job Description:

Job Description:

Remitly is on a mission to transform the lives of immigrants and their families by providing the most trusted financial products and services on the planet. Since 2011, we have been tirelessly delivering on our promises to immigrants sending their hard earned money home. Today, we are reimagining international payments at scale and building new products to create deeper relationships with our customers and their loved ones across the globe. Join over 2,700 employees across 10 offices who are growing their careers while having a positive impact on people globally.

The Role:

We are looking for a Head of Global Financial Crimes to join the leadership team of the Global Compliance Team. You will drive the strategic direction of our unwanted activity program including overseeing our financial intelligence unit, economic sanctions, anti-corruption laws and our customer onboarding policy oversight (KYC).

You will create and further build the overall financial crimes program, which includes designing, implementing and implementing an outstanding program to help grow the Remitly business while protecting the broader financial ecosystem and the company. You will demonstrate excellent regulatory understanding, a comprehensive grasp of the industry, build scalable process and systems design, data-driven approaches, and executive level communication and presentation. You will engage with and influencing senior-level internal and external regulators.

To be successful, you'll need solid conceptual and execution skills, advanced compliance expertise, and the ability to manage in a highly evolving environment. You will also need deep experience with and knowledge of global anti-money laundering and financial crimes compliance laws and regulations and a substantive understanding of financial services, products, and delivery platforms. You will lead global teams and will ensure our financial crime program compliance program is scalable as the business expands globally. This leader is both a strategist and a subject matter expert with knowledge of financial crimes compliance, BSA/AML/CTF/Sanctions, FATF and other international AML regulations/standards, with demonstrated ability to collaborate across multiple departments and regions. You will report to the Chief Compliance Officer.

You Will:

  • Drive the strategy for a global financial crimes team including anti-money laundering/counter-terrorist financing, client onboarding and sanction compliance operating across dispersed US and International locations
  • Provide oversight and management of outsourced operations within your function
  • Lead the design of the transaction monitoring, investigation and suspicious activity reporting systems and framework making sure we maintain the highest standards for regulatory requirements while maintaining efficiency
  • Oversee the implementation of comprehensive financial crimes, sanctions and KYC compliance policies, procedures, programs and compliance controls and across all products and geographies
  • Analyze trends and patterns in alerts, dispositions, together with other Compliance functions, including Analytics, Machine Learning teams, and your Program Management team, to develop risk mitigation and detection
  • Ensure monitoring and surveillance systems are in place to prevent suspicious activities, including the use of technology and data analytics to identify potential financial crime activities; Work with our technical teams to understand and design analytical methodologies and potential monitoring scenarios for risk mitigation
  • Collaborate with partner teams across the company and work with leadership to challenge status quo to improve and grow the business
  • Manage Service level agreements and deadlines to develop and meet goals and internal benchmarks using data to underlie assessments and help to inform decision-making
  • Develop a advisory function, including providing support to the money laundering reporting officers (MLROs) for our regulated business
  • Provide periodic reporting to senior management and board of directors on financial crimes compliance program development

You Have:

  • 15+ years managing relevant compliance-related experience with a focus in financial crimes
  • 5+ years of experience overseeing projects and teams handling complex global processes
  • Demonstrated experience implementing complex and global frameworks for AML/BSA risk in a financial services setting
  • A talent to respond with tight timeframes, make quick decisions, and ensure alignment in a continuous evolving environment.
  • Experience creating functional and organizational processes to meet Compliance / Regulatory requirements that scale with growth
  • Balance risk & rewards (including customer experience), while meeting regulatory requirements

Remitly is an Equal Opportunity Employer. Equal employment opportunity has been, and will continue to be, a fundamental principle at Remitly. We are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman's potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.

Remitly is an E-Verify Employer

Compensation Details. The starting base salary range for this position is typically $152,000 - $190,000. In the U.S., Remitly employees are shareholders in our Company and equity is part of our total compensation plan. Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role. Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role.

Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.