VP of Regulatory Compliance
Posted on: November 19, 2021
Who Are We?
MerchantE is an innovative, technology-focused company providing a
full-service platform to support the payment processing needs for
merchants of all sizes, including small business retail shops, B2B
wholesalers, and global eCommerce enterprises. We partner with
financial institutions, software developers, independent sales
organizations, and agents to bring our solutions to market.
Why Join Us?
We're growing and we're looking for collaborative, innovative, and
hard-working individuals to grow with us! We offer a modern and
inspiring work environment where your ideas and contributions are
valued. Come experience, first-hand, the impact of your
The VP of Regulatory Compliance serves as the Company's designated
AML Compliance Officer, in addition to being accountable for all
other aspects of regulatory compliance for the Company. This role
will lead a small team of analysts and must ensure the Company
maintains optimal capabilities around people, process, and
technology to effectively identify, assess, manage, and report on
regulatory risks. Success in the role will require an individual
who is both a seasoned leader and a strong operator who can roll up
their sleeves and deliver as part of the team.
Essential Duties And Responsibilities
Ongoing development and maintenance of the Company's AML Compliance
Program, as well as other core enterprise-wide regulatory
compliance programs/policies including OFAC, SAR, UDAAP and
Develop and maintain an AML risk assessment framework for products
and services, clients and customers, and other areas relating to
Maintain an inventory of applicable regulations and an attendant
risk register and controls matrix to facilitate organizational
compliance with key regulations.
Develop, maintain, and execute risk assurance testing to ensure
enterprise compliance with key regulatory policies and
Ensure effective processes and procedures are in place to identify
customers' unusual activity and investigate escalations for
possible suspicious activity reporting.
Provide leadership and expertise for regulatory inspections and
audits from third-party organizations and make compliance
recommendations based on findings. Annually arrange an AML Audit to
be conducted by an independent third-party organization.
Support the development and maintenance of a reputational risk
management program as it relates to external reviews and
Develop and maintain enterprise-wide regulatory compliance
Support the development and execution of enhanced due diligence for
high-risk customer types that present heightened compliance and/or
Conduct regulatory risk assessments on new vendor relationships in
support of the Company's vendor risk management policy.
Briefing and reporting to the Executive Risk Committee on
regulatory compliance matters and key metrics.
Bachelors or Master's Degree in business or equivalent
Strong background in payments industry with experience in managing
applicable regulations including, but not limited to BSA/AML, OFAC,
SAR, and UDAAP.
Experience navigating and responding to audits and inspections from
Strong background in developing and executing compliance testing
Experienced and proficient at authoring enterprise compliance
policies and procedures.
Disciplined approach to managing risk through the use of standard
methodologies and tools (e.g. risk assessments; risk registers,
control matrices, inventories, process maps, etc.).
Proficient in identifying and consulting on regulatory risks
related to customers and vendors.
Excellent verbal and written communication skills.
Experience and effective communicator with c-level management.
Initiative and creativity with a passion to deliver results.
Strong proficiency in Microsoft Office 360 (Excel, Word,
PowerPoint, and Outlook.)
Working knowledge of card compliance and credit risk.
Proficient in mitigating risk while helping the business to drive
MerchantE is an Equal Opportunity Employer committed to a diverse
Keywords: MerchantE, Alpharetta , VP of Regulatory Compliance, Executive , Alpharetta, Georgia
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