AML Advisory at Column

San Francisco, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Banking, Financial ServicesIndustries

Requirements

10+ years experience working in a combination of different types of financial institutions and banks, fintechs, broker-dealers or professional services companies (law firms, consultancies), including experience working in a startup environment
Deep understanding of AML regulations such as the Bank Secrecy Act (BSA), USA PATRIOT Act, FinCEN, OFAC and global AML standards gained from prior experience in two or more AML subject matter areas, including: AML Investigations/Financial Investigations Unit/AML Operations, Line of Business Advisory, Business Risk Management, Enhanced Due Diligence, Governance and Reporting
Experience assessing and managing the risks of products and services such as FBO accounts, third party senders, non-bank financial institutions, and money transmission use cases including new product development, process and procedure development, and training content to support all lines of defense
Strong analytical and problem-solving skills to assess information presented

Responsibilities

Identify and understand the interactions between customers, products, services, and controls to ensure compliance with the Bank's risk appetite and AML Program requirements
Coordinate with the AML Compliance team to develop guidance, requirements, and controls that support AML due diligence, suspicious activity monitoring, and risk mitigation
Collaborate closely with sales and growth teams to understand our customers and their use of our products and services
Support the Customer Due Diligence team by providing AML expertise and insights into customer prospect fund flows
Own and operate the Bank's AML customer oversight processes, including governance review of key risk indicators

Skills

AML

Compliance

Due Diligence

Risk Assessment

Regulatory Compliance

KYC

Funds Flow Analysis

Customer Risk Evaluation

BSA

Column

API for managing financial transactions

About Column

Column offers an API that enables businesses to manage financial transactions such as ACH transfers, wire transfers, book transfers, and check issuance. The API allows companies to integrate these financial services directly into their systems, making transaction processing more efficient. Column differentiates itself from competitors by focusing on a transaction-based revenue model, charging fees based on the type and volume of transactions processed, which provides a clear and predictable pricing structure for clients. The goal of Column is to streamline financial operations for businesses, ensuring they can handle transactions seamlessly while generating consistent revenue through its service fees.

San Francisco, CaliforniaHeadquarters

2021Year Founded

VENTURE_UNKNOWNCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Parental Leave

Commuter Benefits

401(k) Retirement Plan

Risks

Brex's no-fee digital banking products could undercut Column's pricing model.

Brex's advanced security features may attract customers away from Column.

Dependency on Brex partnership poses risks if Brex's strategy changes.

Differentiation

Column offers a comprehensive API for seamless financial transaction processing.

The company provides a unique pricing model with transaction-based fees and monthly minimums.

Column's leadership team has extensive experience in both financial and tech sectors.

Upsides

Embedded finance trend expands Column's market reach and integration opportunities.

Banking-as-a-Service platforms align with Column's API-driven model, enhancing service offerings.

Growing demand for real-time payment processing boosts Column's competitive edge.

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