Head of Financial Crimes Compliance, Empower Finance
$200-240k
+ Equity
Credit health & financial management app
Open for applications
Credit health & financial management app
101-200 employees
Open for applications
$200-240k
+ Equity
101-200 employees
Company mission
To expand access to fair credit to give anyone in the world the opportunity to improve their financial security and mobility.
Role
Who you are
- Experience developing and building a financial crimes compliance function in a growing, highly regulated financial services company
- Deep knowledge of domestic and global anti-money laundering and financial crimes compliance laws
- Experience managing high-performing teams in a remote-first model
- Demonstrated ability to build relationships across a global organization, exert influence, and partner across business teams
What the job involves
- We are looking for a Head of Financial Crimes Compliance to lead Empower’s financial crimes program.
- You will be responsible for developing and executing Empower’s global strategy for financial crime prevention efforts, including anti-money laundering/ counter-terrorist financing, customer onboarding (KYC), economic sanctions, and anti-corruption.
- In this role, you will build scalable processes and systems design and lead with data-driven approaches.
- The successful candidate will bring an expert-level understanding of domestic and global anti-money laundering and financial crimes compliance laws, substantial experience across the financial services industry, products, and delivery channels, and executive-level communication and presentation skills
- Travel for company offsites is expected at a minimum 2 times a year
- Set priorities and drive the strategy for Empower’s financial crimes compliance program, operating across Empower’s global footprint
- Mature, maintain, and oversee the implementation of Empower’s BSA/AML/OFAC Program, including policies, procedures, processes, and controls across all products and geographies
- Manage, develop, and grow a best-in-class team
- Design and perform BSA/AML/OFAC risk assessments
- Lead the design of Empower’s transaction monitoring, investigations, and UAR/ SAR reporting systems
- Design and implement proactive monitoring and surveillance systems to prevent suspicious activities
- Apply strong data analysis skills to analyze trends and patterns in alerts and disposition outcomes to enhance risk mitigation and detection strategies
- Prepare clear, concise, and actionable management- and board-level reporting
- Mature and deliver role-specific financial crimes compliance training for management and the Board
- Handle communications and interactions with Empower’s bank partners, regulators, auditors, and other external stakeholders regarding the company’s financial crimes compliance program
Our take
An individual’s credit score greatly influences their life, affecting their ability to rent, receive loans, buy a house, and access affordable interest rates. But you have to have credit to build credit, leaving a lot of people in a catch-22 situation. Empower is a mobile-only app that makes credit more inclusive and accessible, helping customers achieve their credit health goals regardless of their credit history (or lack thereof).
Though other FinTech companies such as Mint or Personal Capital also offer impressive financial tracking for their customers, Empower’s comprehensive set of personal finance features including cash advance and automatic savings offerings make it a better choice for people who want to use a single app to manage their finances.
By empowering people to take control of their money through its range of financial services, Empower is working to break the cycle of paycheck-to-paycheck living. Backed by Blisce, Defy Ventures and Quiet Capital, the company has been significantly growing its revenue in recent years and was recognized in the 2022 Inc. 5000 list of the fastest-growing companies in the US.
Freddie
Company Specialist
Insights
Few candidates hear
back within 2 weeks
45% employee growth in 12 months
Trustpilot (1.9)
Company
Funding (last 2 of 3 rounds)
Sep 2022
$75m
LATE VC
Mar 2020
$20m
SERIES A
Total funding: $99.5m
Company benefits
- Generous equity package
- Full healthcare benefits
- Unlimited personal vacation
- Technology expense reimbursement
- Work from anywhere
Company values
- Great Expectations - We come up with bold, audacious goals for ourselves and go all out for impact
- Owner Mindset - We give every employee latitude to act independently, make smart choices, and move the business forward
- Spirited Debate - We love skeptics and seek counter opinions to challenge our personal assumptions and expand our view
- Customer Obsession - We listen to understand, empathize, and create a memorable and rewarding experience for our community
- Inclusive Collaboration - We believe diverse teams make the best decisions — and strive to give diverse voices a seat at the table
- No Jerks Allows - We value our relationships and take the time to build trust and connection and communicate respectfully
Company HQ
Mission District, San Francisco, CA
Leadership
Warren Hogarth
(CEO)Previous Partner at Sequoia Capital and is an Early Investor/Company Builder for multiple companies.
Justin Ammerlaan
(CTO)Founder of Ammerlaan Initiatives and Co-Founder of White Room Trading. Previously worked as a Senior Software Engineer at SDM and a Technical Architect at Fujitsu.
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