Bread Financial · 6 days ago
Sponsor Bank EFCC Principal
Chadds Ford, PA
Full-time
Hybrid
Senior Level, Lead/Staff
$134K/yr - $242K/yr
12+ years expBread Financial is a tech-forward financial services company that provides personalized payment, lending, and saving solutions. The Sponsor Bank EFCC Principal acts as the lead advisor on enterprise-wide financial crime compliance, dictating the strategic vision and governance framework for adherence to key regulations while managing compliance risks associated with Banking as a Service (BaaS) and Fintech partners.
BankingCredit CardsFinancial ServicesPersonal Finance
Responsibilities
Serve as the primary AML subject matter expert for the due diligence, risk assessment, and onboarding of all new Banking as a Service (BaaS) and Fintech partners, ensuring their control frameworks meet the bank's rigorous standards before integration. - (20%)
Provide authoritative, risk-based counsel directly to the BSA Officer, executive management, and the Board of Directors on the specific, inherent, and evolving financial crime risks associated with the BaaS business model. - (15%)
Author, maintain, and own the enterprise-wide BSA/AML/OFAC policies and standards, with a specific focus on developing and refining the governance framework for third-party BaaS relationships. - (10%)
Direct the new product and initiative approval (NPIA) process for all BaaS-related offerings, ensuring AML risks are identified and requisite controls are embedded in the design prior to launch. - (10%)
Lead the execution of the enterprise-wide BSA/AML Risk Assessment, paying special attention to the unique risk typology of the BaaS portfolio, and translate findings into actionable policy updates and control enhancements. - (10%)
Act as the primary advisor and liaison to regulatory examiners (e.g., OCC, FDIC, Federal Reserve) and internal audit during examinations, managing all BaaS-related compliance inquiries, policy discussions, and formal responses. - (10%)
Develop and present executive-level reporting and Key Risk Indicators (KRIs) for management and Board-level committees, clearly articulating the compliance health, risk profile, and control effectiveness of the BaaS partner ecosystem. - (10%)
Provide strategic governance and credible challenge for the remediation of all BaaS-related regulatory findings (e.g., MRAs, Consent Orders) or internal audit issues, ensuring corrective actions address the root cause and are sustainably implemented - (5%)
Benchmark all BaaS-related AML policies, procedures, and controls against regulatory guidance (e.g., FFIEC, FinCEN) and industry best practices to ensure the program remains current, effective, and defensible. - (5%)
Establish and govern the three lines of defense model as it applies to BaaS partners, defining the clear roles, responsibilities, and oversight expectations for the business line, compliance, and audit functions. - (5%)
Qualification
Required
High School Diploma or GED
Certified Anti-Money Laundering Specialist (CAMS)
12+ years of experience in BSA, AML, Fraud, Compliance, Audit, Quality Assurance, or Quality Control operations
Preferred
Bachelor's Degree in Business, Accounting, Criminal Justice, Analytics, Law, or Finance
Certified Regulatory Compliance Manager (CRCM)
Certified Fraud Examiner (CFE)
15+ years of experience in BSA, AML, Fraud, Compliance, Audit, Quality Assurance, or Quality Control operations
Benefits
Medical
Prescription drug
Dental
Vision
Basic and optional life insurance
Supplemental medical plans
Short and long-term disability
11 paid holidays
Flexible Time Off (FTO) program
80 hours of Paid Sick and Safe Time (PSST)
Company stock purchase
Annual incentive bonus based on individual and company performance
Company
Bread Financial
Bread Financial is a financial services company.
5001-10000 employees
H1B Sponsorship
Bread Financial has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (12)
2024 (13)
2023 (18)
2022 (5)
Funding
Current Stage
Public CompanyTotal Funding
$2.17B2025-11-20Post Ipo Equity· $72.64M
2025-10-28Post Ipo Debt· $500M
2025-03-05Post Ipo Debt· $400M
Leadership Team
R
Roy Slagle
Senior Director of Software Engineering
Recent News
2026-01-09
2025-12-16
2025-11-21
Company data provided by crunchbase