Head of BSA/AML Compliance

This role will provide essential leadership and oversight for TBD’s risk and compliance program. You will oversee the strategy, development and implementation of our BSA Compliance program in the US, including developing customer onboarding, sanctions screening, fraud risk strategies, and ongoing monitoring processes and controls for TBD’s Participating Financial Institution (PFI).

You will also work in collaboration with cross functional partners across Legal, Partnerships, and Engineering to understand TBD’s products and services including: the tbDEX decentralized messaging protocol, C Equals Lightning routing, and bitcoin custody & trading. You will demonstrate an excellent understanding of digital assets regulations and best practices, a keen eye for program and systems design, data-driven approaches, and executive communication and leadership.

Compliance provides critical foundational support to the business to enable financial and digital innovation in a compliant way. This role is a critical leadership position that will influence how we design our compliance program and will oversee our program to ensure it remains effective, reasonably designed, and robust. You will report directly to the Head of TBD Compliance and work closely with our Product Compliance Managers. Successful candidates will demonstrate exceptional compliance regulatory comprehension and thrive in an unstructured, high performing, collaborative environment.

You Will:

• Contribute to the design and implementation of a Customer Onboarding, Sanctions, AML, and Fraud Program that is tailored to TBD’s current and future products, making sure we maintain the highest standards for regulatory requirements while prioritizing efficiency, automation and customer experience (UI/UX).
• Finalize our customer onboarding systems and controls, in collaboration with the Product Compliance team, to ensure best in class KYC, EDD and Sanctions capabilities and decisioning.
• In collaboration with Block’s FinCrimes experts, develop and implement TBD’s strategy for Risk to include AML, financial crimes, fraud, financial, and operational risk to underwrite the development of future products and services for TBD.
• Engage with vendors and other Block experts to evaluate and assess third party solutions to enhance our compliance systems and capabilities. It is expected that you will own and manage these relationships, in collaboration with our Partnerships team.
• Document and maintain all policies, procedures and processes within your remit to ensure compliance with applicable internal, legal and regulatory standards.
• Contribute to a strong Compliance Culture by acting with integrity and demonstrating Block’s mission of Economic Empowerment to promote positive behaviors and maintain a solid understanding of risk and compliance across TBD.
• Recruit and hire a team of compliance analysts and investigators, focusing on incorporating specific skills or experience needed to enhance our operational capabilities.
• Develop and manage an operational capacity model for TBD to inform when we need to hire, outsource or increase automation to ensure effective and efficient operation of our compliance operations.

Requirements

• 12+ plus years of experience in Compliance and AML roles, and at least 5 years experience as a people manager
• Prior experience working in a compliance leadership role for a regulated financial technology, blockchain or digital currency company
• A proven track record designing, implementing and scaling customer onboarding, sanctions, and AML Risk programs at a regulated financial institution (preferably a FinTech)
• BSA/AML Compliance expertise gained through the ability to understand and interpret financial regulations and design and implement appropriate compliance controls
• Solid understanding of financial technology, blockchain technology, decentralized ecosystems, and regulated cryptocurrency products and services
• Exceptional interpersonal skills gained through experience collaborating and working with cross-functional partners
• Highly effective executive communication skills and experience creating persuasive arguments and presentations intended to educate and influence others
• A practiced democratic or collaborative management style
• Prior experience working in a start-up culture and a track record for rolling up your sleeves to get something done (effective execution in an informal corporate environment)