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Chief Compliance Officer

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Developing innovative technologies to revolutionize the payments industry while helping customers transact in global marketplaces is not for the faint of heart. We have big goals and are looking for people to join our team who want to leave a legacy. Just as you are committing to do your best work, Tom our CEO, commits to making this the best place you’ve ever worked. It’s a partnership from the very beginning. If you are looking to step outside your comfort zone, learn new things, apply your skills, collaborate with brilliant people and have fun along the way, then you might be our next Yapster! We promise to provide you with an amazing journey along your career. At Yapstone, we don’t just accept difference — we celebrate it, we support it, and we thrive on it for the benefit of our employees. Yapstone is proud to be an equal opportunity workplace.


Are you a deeply curious, highly motivated, seasoned, strategic, purpose-driven and results-oriented compliance leader who is as passionate about developing your team as you are about compliance?  If that sounds like you, Yapstone, located in Walnut Creek, California, is a licensed money transmitter seeking someone like you to be our new Chief Compliance Officer.    Reporting to the EVP, General Counsel, the CCO will lead our international team of compliance professionals, continue building our compliance program, and ensure that the compliance program is effective and efficient, risk-based and scalable in our fast-paced, high growth environment.


Primary Responsibilities

  • Responsible for corporate-wide compliance, including money transmitter compliance, AML and Sanctions compliance, and 1099 tax filing compliance

  • Corporate-wide Compliance Program Governance:

  • Provide strategic direction related to compliance and set related compliance priorities.

  • Develop and oversee implementation of corporate-wide programs, policies and procedures to ensure compliance with applicable federal and state laws and regulations, and ensure activities are being performed in accordance with policies and procedures, including testing, validation and documentation of controls, and identification and recommendation of improvements as deemed necessary.

  • Interpret and communicate compliance requirements to management and all employees. Ensure that compliance responsibilities are incorporated into business processes and practices.

  • Serve as trusted advisor to senior management and the Board of Directors

  • Prepare and deliver compliance reporting and make regular presentations to relevant boards of directors and other senior managers regarding AML and Sanctions programs.

  • Organize and preside over quarterly meetings of the corporate-wide Anti-Money Laundering Oversight Committee

  • Work collaboratively with GC, CISO, CTO, CRO and other senior managers.

  • Manage ongoing regulatory exams and respond to regulatory inquiries as needed, including monitoring the completion of management commitments/corrective actions.

  • Business Support

  • Compliance activities have been integrated into our business operations. So, a major focus is to partner with business and product teams to support the Company’s strategic direction and provide requirements and guidance related to compliance in business initiatives relating to:

  • New product development and launches

  • International geographic expansion

  • Product enhancements and changes

  • New partner and client relations

  • Partner with the Compliance teams of industry partners to ensure ongoing communication and support. Compliance Operations

  • Lead and manage the daily activity of the Compliance Department.

  • Ensure that staffing, work assignments, workflow and operational policies and procedures are appropriate and properly executed.

  • Work with a cross functional team to coordinate tasks related to reporting and license renewals for those states where Yapstone is licensed as a Money Transmitter and those countries where Yapstone becomes licensed as a payment institution.

  • Ensure that the corporate-wide compliance training program is enhanced, coordinated and administered effectively.

  • Set direction and provide tactical support to all elements of Yapstone’s BSA/AML Compliance program including Know Your Customer, transaction monitoring and SAR filing.

  • Provide subject matter expertise and guidance regarding the Sanctions program.

  • Set direction and provide tactical support to the1099-K filing program.

  • Identify and evaluate technology solutions for use in supporting AML and Sanctions compliance and ensure that these solutions are reasonably designed to achieve our goals in implementing and maintaining a first-class compliance program and meeting regulatory expectations.

Primary Responsibilities

  • Responsible for corporate-wide compliance, including money transmitter compliance, AML and Sanctions compliance, and 1099 tax filing compliance

  • Corporate-wide Compliance Program Governance:

  • Provide strategic direction related to compliance and set related compliance priorities.

  • Develop and oversee implementation of corporate-wide programs, policies and procedures to ensure compliance with applicable federal and state laws and regulations, and ensure activities are being performed in accordance with policies and procedures, including testing, validation and documentation of controls, and identification and recommendation of improvements as deemed necessary.

  • Interpret and communicate compliance requirements to management and all employees. Ensure that compliance responsibilities are incorporated into business processes and practices.

  • Serve as trusted advisor to senior management and the Board of Directors

  • Prepare and deliver compliance reporting and make regular presentations to relevant boards of directors and other senior managers regarding AML and Sanctions programs.

  • Organize and preside over quarterly meetings of the corporate-wide Anti-Money Laundering Oversight Committee

  • Work collaboratively with GC, CISO, CTO, CRO and other senior managers.

  • Manage ongoing regulatory exams and respond to regulatory inquiries as needed, including monitoring the completion of management commitments/corrective actions.

  • Business Support

  • Compliance activities have been integrated into our business operations. So, a major focus is to partner with business and product teams to support the Company’s strategic direction and provide requirements and guidance related to compliance in business initiatives relating to:

  • New product development and launches

  • International geographic expansion

  • Product enhancements and changes

  • New partner and client relations

  • Partner with the Compliance teams of industry partners to ensure ongoing communication and support. Compliance Operations

  • Lead and manage the daily activity of the Compliance Department.

  • Ensure that staffing, work assignments, workflow and operational policies and procedures are appropriate and properly executed.

  • Work with a cross functional team to coordinate tasks related to reporting and license renewals for those states where Yapstone is licensed as a Money Transmitter and those countries where Yapstone becomes licensed as a payment institution.

  • Ensure that the corporate-wide compliance training program is enhanced, coordinated and administered effectively.

  • Set direction and provide tactical support to all elements of Yapstone’s BSA/AML Compliance program including Know Your Customer, transaction monitoring and SAR filing.

  • Provide subject matter expertise and guidance regarding the Sanctions program.

  • Set direction and provide tactical support to the1099-K filing program.

  • Identify and evaluate technology solutions for use in supporting AML and Sanctions compliance and ensure that these solutions are reasonably designed to achieve our goals in implementing and maintaining a first-class compliance program and meeting regulatory expectations.

Requirements

  • Prior experience as CCO familiar with licensed money transmission or as a compliance officer at a licensed money transmitter is required. Electronic money or payment processing experience is a plus.

  • Must be a people-centric, purpose-driven and results-oriented leader who has a high level of ethical standards and integrity, a demonstrated commitment to open, honest and direct communication, and a strong management and team-building background.

  • Must be a proactive self-starter with exceptional problem-solving, advocacy, communication, facilitation, consultative, analytical and critical thinking skills.

  • Must be an out-of-the-box thinker who solves complex problems and takes smart risks. You will need excellent judgment, a positive attitude, with a sense of humor, a business-enabling orientation and a desire to collaborate and simplify complexity.

  • Experience leading a team of 10 or more people that developed and implemented a successful risk-based, enterprise-wide, compliance program and related compliance infrastructure is required.

  • Must have a robust understanding of the requirements of the Anti-Money Laundering regulations, USA Patriot Act, Bank Secrecy Act and OFAC as they relate to electronic payment transaction monitoring and practical application to money services businesses (MSBs), as well as Sanctions screening.

  • Bachelor’s Degree in Business, Accounting or other quantitative discipline, with 10+ years’ experience in financial services, primarily in a compliance role. Advanced business degree and/or JD is a plus.

  • Must possess strong technology acumen.

  • Certified Anti-Money Laundering Specialist (CAMS) Certification or equivalent experience required.

Requirements

  • Prior experience as CCO familiar with licensed money transmission or as a compliance officer at a licensed money transmitter is required. Electronic money or payment processing experience is a plus.

  • Must be a people-centric, purpose-driven and results-oriented leader who has a high level of ethical standards and integrity, a demonstrated commitment to open, honest and direct communication, and a strong management and team-building background.

  • Must be a proactive self-starter with exceptional problem-solving, advocacy, communication, facilitation, consultative, analytical and critical thinking skills.

  • Must be an out-of-the-box thinker who solves complex problems and takes smart risks. You will need excellent judgment, a positive attitude, with a sense of humor, a business-enabling orientation and a desire to collaborate and simplify complexity.

  • Experience leading a team of 10 or more people that developed and implemented a successful risk-based, enterprise-wide, compliance program and related compliance infrastructure is required.

  • Must have a robust understanding of the requirements of the Anti-Money Laundering regulations, USA Patriot Act, Bank Secrecy Act and OFAC as they relate to electronic payment transaction monitoring and practical application to money services businesses (MSBs), as well as Sanctions screening.

  • Bachelor’s Degree in Business, Accounting or other quantitative discipline, with 10+ years’ experience in financial services, primarily in a compliance role. Advanced business degree and/or JD is a plus.

  • Must possess strong technology acumen.

  • Certified Anti-Money Laundering Specialist (CAMS) Certification or equivalent experience required.

Apply Now

Our Benefits

  • We offer comprehensive health, dental, and vision wellness plans for you and your family with low employee premiums.
  • You work hard every day to build the future of our company, so we’ll help you build your future with a 401(k) plan that features employer match.
  • We encourage and support our teams to take time off to recharge and reboot because changing how the world pays is no easy task.
  • We care about the community where we work. Through YapCares, you get 8 hours of paid volunteer time off each year to make a difference.
  • Enjoy food, fun and camaraderie with breakfasts, dinners, snacks, social hours and events.
  • A great location in the Easy Bay that is a reverse commute for many Yapsters, and we’re right across the street from BART.