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The Vice President, Compliance of Open Finance will be responsible for driving efficiency and accountability across the U.S. Open Finance Compliance organization, creating strategic alignment, and leading governance and risk management initiatives. This role will provide expert leadership and direction to identify and implement best compliance practices and standards. The VP will lead compliance strategy and oversight for Open Finance in the United States, ensuring alignment with applicable U.S. laws and regulations while supporting business growth.
Job Responsibility:
Define and execute Open Finance compliance strategy for the U.S., including BSA/AML, OFAC, GLBA, CFPB Open Banking rule, and state privacy laws (CCPA/CPRA)
Provide compliance advisory and subject matter expertise for new products, markets, and customer types
Oversee compliance activities, including risk assessments, monitoring, and issue management
Ensure all activities, customers, transactions, and third-party relationships are assessed and monitored for regulatory compliance risks
Lead design and implementation of compliance systems, tools, and controls, including transaction monitoring and KYC processes
Manage regulatory relationships and support audits, exams, and inquiries
Drive continuous improvement in compliance operations and reporting, including KPIs and KRIs
Stay current on regulatory developments and industry best practices in Open Finance and consumer compliance
Support the business by ensuring a pragmatic and risk-based approach to Compliance
Responsibility for leading a motivated team, supporting their development and driving delivery of key priorities at pace
Proactively identify areas of improvement to increase productivity and effectiveness across key controls and processes
Requirements:
Extensive experience in AML, Sanctions, Fraud, and Export Controls compliance in a global financial institution, multinational corporation, money services business, payment service provider
Extensive experience leading and executing compliance programs, including design, implementation and oversight of controls
Strong understanding of corporate governance and regulatory issues that could affect an organization
Strong knowledge of U.S. regulations, including BSA/AML, OFAC, GLBA, CFPB Open Banking, and state privacy laws
Proven ability to work independently and manage multiple projects simultaneously
Strong business acumen and solutions orientated
Experience interacting with senior management and board