Financial Crimes Officer - Stripe MALPB

Who we are

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies - from the world’s largest enterprises to the most ambitious startups - use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone's reach while doing the most important work of your career.

About the team

Stripe is forming a Georgia chartered Merchant Acquiring Limited Purpose Bank (MALPB) responsible for Stripe’s merchant acquiring activities with Visa and MasterCard for a segment of users. Our people play an important role in enabling Stripe to increase the GDP of the internet. We are a deeply caring group of folks, slightly obsessed with our tradecraft, dedicated to protecting our users and the financial ecosystem from crime, and committed to our work, our lives, and our hobbies with equal passion.

What you’ll do

Help us protect Stripe and its users from financial crime!

We are looking for an experienced financial crime professional to lead our MALPB’s Financial Crimes team and be the AML/BSA Officer.. In this role, you will lead and be primarily responsible for managing financial crime risk at the MALPB. You will maintain the MALPB’s AML/BSA and Financial Crimes compliance program including written policies and internal controls and update the program to reflect changes in regulations and best practices. You will conduct periodic assessments of Stripe’s AML/BSA program to ensure effectiveness and compliance with the MALPB’s AML/BSA policies. You will work closely with Stripe’s broader  Financial Crimes and Supportability team, serving a critical role in ensuring Stripe’s continued safe growth and success. You’ll also be involved in the strategic design and planning of Stripe’s financial crimes program as we enhance and uplevel controls and operations. You will be the MALPB’s leading expert on financial crime matters including Customer Due Diligence & Enhanced Due Diligence, Transaction Monitoring, Sanctions Compliance, Training and Reporting.

Stripe is both a technology company and a financial services company, and you will need to be comfortable straddling both of those worlds every day. The right person for the role will be enthusiastic both about the mission of anti-financial crime and in the application of new and innovative technology approaches to protect Stripe, its users, the financial system, and the community at large from financial crime. The role holder will also enjoy seeking creative solutions and moving quickly, often in the face of ambiguity.

Additionally, in your role as the MALPB Financial Crimes and AML/BSA Officer report you will report to the MALPB Chief Risk and Compliance Officer.

Responsibilities

• Ensure MALPB’s Compliance and Financial Crimes frameworks, policies and programs and controls (e.g., KYC, Transaction Monitoring, Regulatory Reporting, Sanctions, and Risk Assessment) incorporate regulatory requirements and industry best practices.

• Monitor financial crimes compliance for SP MALPB transactions.

• Ensure that all transactions that are identified as potentially suspicious are investigated, reviewed in accordance with established procedures; and appropriate escalation and measures to mitigate Stripe’s risk exposure are taken.

• Set, lead and manage the culture of risk and compliance across the team and work with Legal, Risk, Financial Crime and Compliance teams to define our risk appetite for the MALPB.

• Serve as Anti-Money Laundering Officer for the MALPB and perform all responsibilities of said role.

• Provide strategic advisory to Stripe’s business teams on expansion initiatives from a financial crimes perspective both enabling Stripe’s growth and providing advice on risk mitigation.

• Serve as a thought leader for supporting and driving innovative, technology-focused compliance solutions with regulators and financial partners. 

• Partner with the team’s other Compliance Officers to enhance our Financial Crimes program through contributing to strategic planning, goal setting, and more.

• Build and maintain Stripe’s relationship with the GA Department of Banking and Finance.

Who you are

We're looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.

Minimum requirements

• 10+ years experience in an AML role preferably within the financial services industry (payments, banking, money services businesses) and in a technology-forward environment.

• 5+ years of experience managing a team, including distributed team members, shared services and vendors.

• In-depth knowledge of the Bank Secrecy Act, USA PATRIOT Act, OFAC regulations, and other relevant regulations.

• Demonstrated experience executing complex Financial Crimes initiatives.

• Proven track record of developing and rolling out large-scale compliance initiatives at scale

• Comfort juggling numerous aspects of an AML compliance program.

• Ability to work efficiently and independently in a fast-paced, high-volume environment.

• Ability to excel in a highly cross-functional role, collaborating closely with various internal stakeholder groups in Stripe’s broader Financial Crimes and other functions.

• An effective and relatable “culture of compliance” mentality.

Preferred qualifications

• Payments, banking, or fintech experience.

• Related regulatory experience, such as anti-bribery and corruption, payments, or audit.

• Experience with merchant onboarding.

• CAMS certification.