Full-Time

Senior Manager

Financial Crimes Compliance

Updated on 12/20/2024

Brex

Brex

1,001-5,000 employees

Financial services for startups and businesses

Fintech
Financial Services

Compensation Overview

$169.4k - $211.8kAnnually

Senior, Expert

New York, NY, USA

Requires in-office presence in New York City at least two days per week (Wednesday and Thursday).

Category
Risk Management
Finance & Banking
Requirements
  • 7+ years of experience in compliance and BSA/AML roles
  • Prior experience in a compliance leadership role at a regulated financial institution or fintech company
  • Proven track record of designing, implementing, and scaling AML and sanctions compliance programs
  • Strong knowledge of AML regulations and standards, including the USA PATRIOT Act, OFAC, and FinCEN requirements
  • Ability to work effectively in a fast-paced and dynamic environment
  • High ethical standards and commitment to integrity and transparency
  • CAMS (Certified Anti-Money Laundering Specialist) certification or equivalent
  • 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)
  • Exceptional communication and interpersonal skills, with the ability to collaborate effectively with bank partners, external auditors, and internal teams
  • Detail-oriented with strong organizational and project management abilities
  • Cultural sensitivity
  • An eye for detail
  • A hands-on approach, concise and straightforward style
  • A love for collaboration, teamwork, and delivering excellence
Responsibilities
  • Support the strategy, development, and implementation of our AML Compliance program in the US, including developing customer onboarding, sanctions screening, transaction monitoring strategies, customer risk rating, and ongoing monitoring processes and controls
  • Providing guidance, advocacy, and support to Compliance team members as an AML and sanctions knowledge base
  • Conduct special investigations and provide operational support as needed in coordination with the Head of AML Investigations
  • Work closely with various departments, including Operations, Risk, Legal, Product, and Engineering to align on new products/services to ensure cohesive and integrated compliance efforts
  • Partner with external stakeholders, including banking partners, state and federal regulators, and auditors to manage expectations around partnership and supervisory examinations
  • Support the design and execution of financial crime risk assessments, policies, procedures, and controls
  • Help review and prepare metrics or reports for Brex’s Chief Compliance Officer, Leadership Team, and Board of Directors on a regular basis to ensure awareness of the status and health of the AML Program
  • Promote a culture of compliance and awareness throughout the organization
  • Liaise with regulatory agencies, law enforcement, and industry groups to stay current on BSA trends and developments
  • Manage special projects at the direction of the BSA Officer to support Brex’s AML strategy

Brex provides financial services designed for startups, small to medium-sized businesses, and larger enterprises. Their main products include corporate credit cards, cash management accounts, and expense management tools. Brex's corporate credit cards offer higher credit limits without requiring personal guarantees, making them appealing to startups and companies with limited credit history. The services are integrated with other business tools, allowing clients to manage expenses, track spending, and optimize cash flow efficiently. Unlike traditional banks, Brex focuses on a tech-savvy approach to finance, which helps them stand out in the financial services market. The company's goal is to simplify financial management for businesses, enabling them to operate more effectively.

Company Stage

Debt Financing

Total Funding

$1.1B

Headquarters

San Francisco, California

Founded

2017

Growth & Insights
Headcount

6 month growth

2%

1 year growth

-8%

2 year growth

8%
Simplify Jobs

Simplify's Take

What believers are saying

  • Brex's revamped partnership program enhances collaboration with accounting firms.
  • New digital banking products offer increased saving flexibility and higher yield.
  • Brex's AI-powered platform improves operational efficiency for businesses.

What critics are saying

  • Increased competition from AI-powered accounting platforms like Puzzle.
  • Amazon's B2B procurement solutions challenge Brex's corporate credit card offerings.
  • Tech layoffs in 2024 may impact Brex's startup and small business clients.

What makes Brex unique

  • Brex offers high credit limits with no personal guarantees, ideal for startups.
  • Brex integrates financial services seamlessly into existing business software applications.
  • Brex's digital banking products combine corporate cards, expense management, and treasury services.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Self-care. Health, dental, and vision; One Medical; Spring Health mental wellbeing; Calm membership.

Money. Competitive compensation with a biannual merit cycle, equity, 401(k) plan, and more.

Rest. Unlimited PTO if full-time, paid holidays, company weeks off, and parental leave.

Freedom. Remote-first, team and company offsites, monthly stipend, and one-time office setup budget.