BSA Officer

Compliance at Brex

The Compliance team helps the company grow responsibly, advocating for Brex and for the tens of thousands of growing businesses we serve. We own the compliance policies for Brex, provide strategic advice and guidance to all Brex teams, protect Brex from financial crime and other compliance risks, and represent the company externally on key regulatory and policy issues. Reimagining the financial system in a highly regulated environment requires creativity and resourcefulness, and we welcome the challenge.

What you’ll do

The Compliance team is looking for a BSA Officer who will act as the chief architect of our BSA compliance program. The BSA Officer will report to the Chief Compliance Officer and will be responsible for driving the performance and effectiveness of the BSA program. In this role, you will set the strategic direction of the Financial Crimes program at Brex and actively manage the execution of your strategic vision.

Where you’ll work

This role will be based in our New York City office. You must be willing to work in office at least 2 days per week on Wednesday and Thursday, starting the week of January 6th, 2025. Employees will be able to work remotely for up to 4 weeks per year, for a minimum of one week at a time.

Responsibilities 

• 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 
• Work closely with various departments, including Operations, Risk, Legal, and Product, 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
• Ensure the program complies with all applicable BSA laws, regulations, and guidance
• Oversee the design and execution of risk assessments, policies, procedures, and controls
• Lead and manage a team, providing guidance, training, and support
• Serve as the primary point of contact for regulatory matters and examinations
• Oversee the development and implementation of systems and processes for detecting, monitoring, and reporting suspicious activities
• Ensure timely and accurate filing of Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and other required regulatory filings
• Maintain and enhance transaction monitoring systems to ensure effectiveness and efficiency
• 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

Requirements 

• Minimum of 10+ years of experience in compliance and BSA/AML roles with at least 4 years of leadership experience
• Prior experience working in a compliance leadership role at a regulated financial institution or fintech company
• Proven track record designing, implementing, and scaling customer onboarding, sanctions, and AML risk programs
• Strong knowledge of domestic and international AML regulations and standards, including the USA PATRIOT Act, OFAC, and FinCEN requirements
• Excellent analytical, organizational, and communication skills
• 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)
• Must be willing to work in office 2 days per week on Wednesday and Thursday

Compensation 

The expected salary range for this role is $234,000 - $292,500.  However, the starting base pay will depend on a number of factors including the candidate’s location, skills, experience, market demands, and internal pay parity. Depending on the position offered, equity and other forms of compensation may be provided as part of a total compensation package.