Paytient

BSA Officer & Head of Fraud

Remote

Paytient Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, HealthcareIndustries

Requirements

Candidates should possess a Bachelor’s degree in Finance, Accounting, or a related field, along with a strong understanding of Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations, and demonstrated experience in fraud prevention and detection. Proficiency in SQL and data analysis is essential, as is the ability to translate data into actionable insights and recommendations.

Responsibilities

The BSA Officer & Head of Fraud will maintain a comprehensive BSA/AML compliance program, including policies, procedures, and controls, serve as the primary point of contact for BSA/AML regulatory matters, conduct annual BSA/AML assessments, and ensure the company’s compliance with all applicable regulations and mitigating fraud risks, working closely with the Legal and Compliance team to streamline processes and implement technology solutions.

Skills

BSA/AML
Fraud detection
Fraud prevention
SQL
Data analysis

Paytient

Platform for managing out-of-pocket medical expenses

About Paytient

Paytient provides a platform that helps employees manage their out-of-pocket medical expenses more effectively. The service integrates with existing payroll systems, allowing employees to set up flexible payment plans for their medical costs. This means that instead of paying for healthcare expenses all at once, employees can spread the payments over time, making it easier to afford necessary treatments and medications. Paytient differentiates itself from competitors by focusing on partnerships with employers and insurers to offer this benefit as part of health plans, which enhances employee satisfaction and retention. The goal of Paytient is to reduce the financial burden of healthcare costs, ultimately improving employee well-being and productivity.

Key Metrics

Columbia, MissouriHeadquarters
2018Year Founded
$35.9MTotal Funding
DEBTCompany Stage
Fintech, Financial Services, HealthcareIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
401(k) Company Match
401(k) Retirement Plan
Parental Leave
Stock Options

Risks

Increased competition from fintech companies threatens Paytient's market share.
Regulatory scrutiny may lead to stricter compliance requirements for Paytient.
Economic downturns could reduce employer spending on benefits, impacting Paytient's revenue.

Differentiation

Paytient offers Health Payment Accounts integrated with commercial and Medicare plans.
The company partners with major employers like Anthem and Cigna for healthcare payment solutions.
Paytient's platform integrates with payroll systems for flexible medical expense payments.

Upsides

Digital health wallets adoption aligns with Paytient's payment flexibility mission.
Embedded finance in healthcare enhances user experience, benefiting Paytient's integration efforts.
Employers' focus on financial wellness benefits boosts demand for Paytient's services.

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