Chief Compliance Officer - BSA Officer (BSAO)

 

We are seeking an US Chief Compliance Officer (CCO) to oversee all compliance, regulatory, anti-
money laundering (AML), counter-terrorist financing (CTF), and risk management matters for our
U.S. money services business. The CCO will be designated as the compliance lead under state
Money Transmission Licensing (MTL) requirements and will serve as the principal liaison with
regulators across multiple states.

Regulatory Leadership

• Act as the designated compliance officer for state MTLs, responsible for ensuring
compliance with all applicable U.S. federal and state regulations (e.g., Bank Secrecy Act
(BSA), USA PATRIOT Act, OFAC, FinCEN requirements, and individual state money
transmission laws).
• Serve as the primary point of contact for state regulatory inquiries, licensing
examinations, and audits.
• Prepare, maintain, and submit compliance, financial crime, and risk reports to regulators
and senior management, including the Board of Directors.


AML/CTF Oversight

• Design, implement, and maintain the company’s AML/CTF program in accordance with
BSA/AML requirements and FinCEN guidance.
• Conduct ongoing risk assessments of products, services, customer segments, and
geographic markets.
• Oversee transaction monitoring, suspicious activity reviews, and ensure timely filing of
Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) as required.
• Maintain AML/CTF and sanctions compliance policies, procedures, and training
programs across all business units.


Risk & Compliance Monitoring

• Develop and lead the compliance monitoring program, including periodic reviews of
business lines, affiliates, and third-party/outsourced service providers.
• Identify regulatory risks and implement effective mitigation strategies.
• Maintain registers for compliance breaches, complaints, and errors, ensuring timely
remediation and documentation.
• Support internal audits and ensure readiness for regulatory examinations.


Governance & Advisory

• Advise the executive team on compliance and risk issues impacting business strategy
and operations.
• Report regularly to the local Board and senior management on regulatory developments,
emerging risks and compliance performance metrics.
• Deliver ongoing training programs to ensure staff remain up to date on AML/CTF
obligations, consumer protection rules, and state-specific requirements.
• Monitor evolving federal and state regulatory frameworks (e.g., NYDFS Part 200, state
licensing requirements, FinCEN rulings, CFPB guidance) and ensure the business
remains compliant.

• Minimum of 5 years’ experience in performing compliance for a money transmitter bank
and/or virtual currency business.
• Demonstrate having completed up-to-date and relevant training on topics directly related
to money transmission activities and to the responsibilities of a Compliance Officer.
• Demonstrated expertise with BSA/AML, OFAC, FinCEN, and state money transmission
laws.
• Prior experience leading regulatory examinations and direct engagement with state
regulators.
• Proven ability to build and maintain robust AML/CTF programs, including policies,
procedures, risk assessments, monitoring systems, and SAR/CTR filings.
• Strong leadership, organizational, and communication skills, with the ability to work
effectively with executive management and regulators.
• Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist),
CRCMP, or equivalent strongly preferred.
• JD, MBA, or other advanced degree in law, business, or compliance-related field a plus.