OpenFX · 2 months ago
Americas Compliance Manager and BSA Officer
United States
Full-time
Remote
Senior Level, Lead/Staff
10+ years expOpenFX is on a mission to move money as freely as data, unrestricted by time zones, banking hours, or legacy systems. The Compliance Manager and BSA Officer will be responsible for building and scaling the compliance program across the US, Canada, and Latin America, ensuring compliance with regulatory requirements and managing risks across the company's payments and crypto-asset services.
Embedded SoftwareEmbedded SystemsFinanceFinancial ExchangesFinancial ServicesForeign Exchange TradingTrading PlatformTransaction Processing
Responsibilities
Contribute to building OpenFX’s global compliance infrastructure, including comprehensive compliance policies, procedures, and systems for the OpenFX Group and for OpenFX's regulated US entities that address regulatory requirements with respect to payments and virtual currency activities, AML, and privacy and data security, among others
Serve as BSA/AML Officer for our US regulated money service business entities and own and enhance OpenFX's BSA/AML programs in the Americas to efficiently prevent, detect, and report money laundering, terrorist financing, and other financial crimes and ensure alignment with local requirements
Stay current on regulatory developments across the Americas and assess impact on OpenFX operations and develop and implement expanded compliance policies and procedures as needed
Support implementation of compliance program requirements for our US regulated entities and other Group entities, including conducting risk assessments, onboarding clients and conducting KYC/KYB document reviews and customer due diligence, analyzing transactional data for suspicious activity, and facilitating preparation of required reports and audits
Leverage compliance tools, RegTech solutions, and analytics to enhance program effectiveness, efficiency, and scalability
Partner with Product, Engineering, Legal, and Operations and provide compliance advice on market expansion, new product development, and operational changes to ensure compliance as the company scales
Manage compliance requirements from banking partners, digital asset partners, and payment networks to ensure operational alignment and trust, and serve as the primary compliance point of contact for partner-related compliance inquiries and audits
Support licensing initiatives in the Americas and globally
Qualification
Required
Bachelor's degree
10+ years of compliance experience in payments, fintech, or financial services
Strong understanding of US financial regulations including BSA/AML and money transmitter laws and regulations
Hands-on experience building and executing compliance programs, policies, and controls at a financial services company, including administration of AML/KYC processes, transaction monitoring, and SAR filings
Attention to detail and excellent communication skills
Proven track record working effectively with cross-functional partners and external stakeholders, including US financial regulators
Commitment to teamwork and ability to work in a fast-paced startup environment
Preferred
Experience in cross-border payments, FX, and/or crypto asset compliance
Prior work at a start-up or other high-growth company
Familiarity with compliance technology platforms and transaction monitoring systems and blockchain analytics tools (Chainalysis, Elliptic, TRM Labs)
Prior experience as BSA officer of a regulated entity
Experience with compliance requirements in Canada and/or Latin American markets
Law degree
Benefits
Competitive salary and benefits package
Opportunity to work in a fast-paced startup and build the compliance function of a company at the forefront of fintech innovation.
Collaborative team environment with emphasis on personal and professional growth
Help build the future of global financial infrastructure
Company
OpenFX
Real-time FX Payments Infrastructure
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$23MKey Investors
Accel
2025-05-22Series Unknown· $23M
2024-06-27Seed
Leadership Team
Prabhakar Reddy
Founder & CEO
Karan Shah
Founding team
Company data provided by crunchbase