Compliance Program Manager, Lightspark Payments

Remote

Apply with AI Apply

$160,000 – $225,000Compensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Payments, FintechIndustries

Requirements

Candidates should possess 10+ years of total experience and at least 5 years in a compliance management role, such as a BSA or Compliance Officer. Subject matter expertise in domestic or cross-border payments, blockchain or cryptocurrency, stablecoin payment infrastructure, or customer identification for a regulated entity is essential, along with an understanding of the functional and technical design of blockchain, bitcoin, and ideally the Lightning Network. Prior experience with payment systems, US and international payment rails, and compliance obligations around payments and customer onboarding is required. Strong analytical and problem-solving skills, combined with excellent communication and collaboration skills, are also necessary.

Responsibilities

The Compliance Program Manager will own and manage the business and consumer KYC/CDD program, including execution and hiring of additional staff for customer due diligence reviews. They will also develop the initial set of rules for transaction monitoring, define a formal manual review and investigations process, perform counterparty due diligence reviews, and develop a customer risk rating model for retail and business customers. Additionally, the role involves overseeing the configuration of third-party fraud vendor front ends and detective monitoring alerts, collaborating with cross-functional stakeholders, providing subject matter expertise, and identifying potential risks with proposed solutions. Regular travel to Los Angeles is required to collaborate with the team and stakeholders.

Skills

KYC

CDD

Customer Due Diligence

Transaction Monitoring

Fraud Controls

Regulatory Compliance

Risk Management

Team Leadership

Program Management

Lightspark

Facilitates Bitcoin transactions via API and SDKs

About Lightspark

Lightspark focuses on facilitating Bitcoin transactions for businesses by providing an API and Software Development Kits (SDKs) that integrate with the Lightning Network. This technology allows for faster and cheaper cross-border payments by identifying efficient routes for transactions. Unlike competitors, Lightspark's service-based model enables businesses to leverage Bitcoin without needing deep technical expertise. The goal is to streamline payment processes, making them more efficient and cost-effective.

Los Angeles, CaliforniaHeadquarters

2022Year Founded

$1.3MTotal Funding

SEEDCompany Stage

Fintech, Crypto & Web3Industries

51-200Employees

Risks

Increased competition from fintech companies like Strike and OpenNode.

Regulatory scrutiny in the US and EU could impact cryptocurrency transactions.

Technological vulnerabilities in the Lightning Network may affect Lightspark's reputation.

Differentiation

Lightspark offers a robust API and SDKs for Bitcoin integration on the Lightning Network.

The company provides a dashboard for tracking and managing Bitcoin transactions efficiently.

Lightspark's Universal Money Address (UMA) enhances global payment solutions for businesses.

Upsides

Partnerships with Bitso and Foxbit expand Lightspark's reach in Latin America.

Introduction of Spark and UMA boosts Lightspark's product offerings and market appeal.

Strategic expansion into Africa with Yellow Card highlights growth in emerging markets.

Land your dream remote job 3x faster with AI

Try Jobo Free