Head of Compliance & MLRO

Nium, Global Leader in Payments

Nium, the global leader in real-time, cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders.

Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium's growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.

About the Role

As the Director of Regulatory Compliance (MLRO), you will be working as part of Nium’s global, dynamic Compliance team and will be reporting to the VP Compliance (US). The Compliance team is responsible for advising the business on all compliance matters and ensuring the regulatory requirements for the US are met. In addition to this the team is also responsible for client onboarding, Transaction Monitoring, and for the detection and prevention of financial crime including, money laundering, and terrorist financing.

Key Responsibilities

• Develop and manage Financial Crime and AML methodology to manage all sources of regulatory risk to meet the needs of our US & Canada regulators and ensure they remain up to date with all regulatory and international standards.
• Identify control gaps and lead the implementation of control enhancements to include AML, OFAC, and Regulatory Compliance.
• Develop country specific risk assessments highlighting control gaps.
• Build up compliance oversight and testing activities as per regulatory and governance requirements and issue internal reports to Senior Management (AML/CTF internal control report, Fraud, periodic internal reports etc.).
• Act as a subject matter expert for the business and management on compliance-related matters in US, Canada, and Latin America.
• Review and approve high risk business for institutional clients from the Americas Region (including financial institutions and Banking as a Service Clients).
• Develop and improve the company’s policies and procedures on an ongoing basis.
• Lead AML external audits and support on bank partner requests.
• Perform ongoing AML and OFAC risk assessments and horizon scanning for applicable regulatory requirements.
• Ensure proper regulatory and AML/CFT reporting to partner banks.
• Assist in improving and streamlining end-to-end compliance operational processes through automation and technology.
• Lead the roll out and ongoing management of the Compliance Training Framework.
• Develop key risk indicators and ongoing reporting to Senior Compliance Teams.
• Manage and contribute to the Compliance Committee.
• Participate in Compliance or business-driven projects, including regulatory developments and strategic initiatives.

Requirements

• At least 10 years’ experience within regulated companies, in senior compliance role(s) with robust knowledge on Compliance topics (KYB / KYC, AML/CFT, Sanctions etc.).
• Good understanding of the Payments/Fintech industry.
• Knowledge and experience (preferably within Payments/Fintech) in North America.
• ACAMS/CRCM certified (preferably).
• Experience with correspondent banking, banking as a service, and Financial Institution clients from the Americas region.
• Strong analytical skills with experience in problem solving and being able to implement and deliver solutions.
• Demonstrate clear sense of accountability in performing the role and a positive demeanor.
• Ability to identify risks, control gaps, inefficiencies, see the bigger picture, challenge the current status quo and define scalable and sustainable processes and methodology.
• Ability to lead end-to-end process and control improvements cross-functionally and across various regions.
• Able to prioritize quickly and meet deadlines even under pressure.
• Strong stakeholder management and communication skills.
• Team player with strong collaborative qualities, including some previous experience (or willingness) to build, lead and motivate a team.
• Willingness to learn continuously and keep up to date with the Payments industry and its regulatory landscape (Globally).
• Fluent in Spanish, Portuguese a plus.

Salary: $120,000 - $150,000 a year

Salary ranges are dependent on a variety of factors, including skills, qualifications, experience, and geographic location. Certain roles may offer additional incentives including but not limited to equity and bonus. Your recruiter is happy to share more information about the salary range specific to your working location and other factors at any stage of the hiring process!

What we offer at Nium

We Value Performance: Through competitive salaries, performance bonuses, sales commissions, equity for specific roles and recognition programs, we ensure that all our employees are well rewarded and incentivized for their hard work.

We Care: The wellness of Nium’ers is our #1 priority. We offer medical coverage along with 24/7 employee assistance program, generous vacation programs including our year-end shut down. We also provide a flexible hybrid working environment (3 days per week in the office).

We Upskill Ourselves: We are curious, and always want to learn more with a focus on upskilling ourselves. We provide role-specific training, internal workshops, and a learning stipend.

We Constantly Innovate: Since our inception, Nium has received constant recognition and awards for how we approach both our business and talent opportunities. Check out CNBC World’s Top Fintech Companies 2024.

We Celebrate Together: We recognize that work is also about creating great relationships with each other. We celebrate together with company-wide social events, team bonding activities, happy hours, team offsites, and much more!

We Thrive With Diversity: Nium is truly a global company, with more than 33 nationalities, based in 18+ countries and more than 10 office locations. As an equal opportunity employer, we are committed to providing a safe and welcoming environment for everyone.

For more detailed region-specific benefits: https://www.nium.com/careers#careers-perks

For more information visit www.nium.com

Candidate Privacy Notice:https://www.nium.com/privacy/candidate-privacy-notice