BSA Manager
About Us :
Small businesses are the backbone of the US economy, comprising almost half of the GDP and the private workforce. Yet, big banks don’t provide the access, assistance and modern tools that owners need to successfully grow their business.
We started Novo to challenge the status quo—we’re on a mission to increase the GDP of the modern entrepreneur by creating the go-to banking platform for small businesses (SMBs). Novo is flipping the script of the banking world, and we’re excited to lead the small business banking revolution.
At Novo, we’re here to help entrepreneurs, freelancers, startups and SMBs achieve their financial goals by empowering them with an operating system that makes business banking as easy as iOS. We developed modern bank accounts and tools to help to save time and increase cash flow. Our unique product integrations enable easy access to tracking payments, transferring money internationally, managing business transactions and more. We’ve made a big impact in a short amount of time, helping thousands of organizations access powerfully simple business banking.
Why Novo?
Novo is a rapidly growing series B fintech startup with a mission-driven team that’s passionate about helping every small business in America
Positive, inclusive, supportive culture cheering you on your journey
We work with very new technologies and architecture patterns
We provide learning and development budgets to help you grow and bond with your team
Offices in NYC, Miami, India, and Colombia.
Role Summary:
We are looking for a BSA Manager to join our Compliance team and work on exploring, shaping, and building the future of business banking. You will work closely with Novo’s BSA Officer and broader risk and compliance teams to scale and optimize Novo’s BSA/AML & Sanctions compliance program, ensuring ongoing compliance with financial crime regulatory requirements and best practices.
About the role:
Assist the BSA Officer in implementing all aspects of Novo’s BSA Program, including driving automation and process optimization across Novo’s risk and compliance functions.
Oversee and support Novo’s risk and compliance operations teams. Provide guidance on escalations and ensure quality of compliance reviews spanning multiple functions
Compile key metrics, qualitative information and substantive analysis on patterns and overall impact to Novo’s BSA compliance program
Perform complex investigations, focusing on identification of large scale ML and Fraud risks to Novo’s platform
Ensure timely escalation and reporting of unusual activity to Novo’s banking partners
Support the BSA Officer in conducting risk assessments, evaluating the effectiveness of existing controls, and identifying areas for improvement
Develop and conduct BSA/AML training programs for both Novo’s risk operations functions and the broader organization.
Requirements for the role:
2-4 years of experience in an AML/Sanctions role at a financial institution or banking platform
Strong knowledge of the Bank Secrecy Act, USA PATRIOT Act, FinCEN Guidelines and other relevant BSA/AML/OFAC regulations
Experience leading a team of compliance professionals or providing meaningful oversight to compliance operations functions (i.e. transaction monitoring, KYC, sanctions, and/or periodic review)
Self-starter with strong analytical, problem solving and organizational skills
Entrepreneurial attitude and experience with, or the ability to adapt to, a rapidly growing start-up with associated complexity and ambiguity.
Novo values diversity as a core tenant of the work we do and the businesses we serve. We are an equal opportunity employer, indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information or any other protected characteristic.