Community Development Compliance Specialist jobs in Boca Raton, FL

Job description

Here at Paybotic Financial, you will do important work with exceptional people dedicated to helping merchants with their financial services and connecting them with financial institutions to streamline business needs; here at Paybotic Financial, you deposit your trust into us! In return, we offer superior customer service, compliant experience, multi-state coverage, and reliable and comprehensive tools to enable our merchants, manufacturers, cultivators, and retailers to bank in a safe and compliant manner.

Compliance Specialist

The Compliance Specialist will leverage industry knowledge and skills obtained through education and experience in the banking industry to manage aspects of Paybotic Financial’ s compliance program activities to include BSA/AML (SARs, CTRs), Reg CC, privacy, e-Sign, UDAAP, complaint monitoring, consumer protection, fraud prevention, regulatory change management, policy governance and metrics and reporting, within the cannabis industry. This position reports to the Chief Compliance Officer and cross-collaborates with stakeholders across the company as well as with external BaaS partners.

Key Job Responsibilities

• Oversee and enforce daily compliance, while providing guidance as it relates to fraud prevention, BSA/AML monitoring and compliance, consumer protection and banking regulations within the cannabis industry.
• Review alerted transactions and makes determination of merchant’s account activity within the scope of the merchant’s relationship, and risk tolerance with third-party sponsor.
• Provide training, assistance, advice and guidance in the review and analysis of merchant activity and complex transactions to identify unusual or suspicious activity for due diligence/compliance purposes.
• Allocate surveillance work assignments, manage case and alert workflow, and report suspicious activity trends to the Chief Compliance Officer for a thorough analysis.
• Review reports, collect data through dashboards and databases, analyzes information and reports findings to Chief Compliance Officer, and stakeholders, ensuring banking regulations, BSA/AML, identify fraud, legal contractual agreements, and third-party standard operating procedures are adhered to.

Qualifications

• High school diploma or equivalent required.
• Bachelor’s degree preferred.
• 2 years of experience in an AML compliance department of a financial institution or related back-office position.
• Strong working knowledge of BSA/AML, Red Flags, banking regulations, and compliance programs within the banking industry.
• Ability to organize and manage multiple priorities/tasks simultaneously in a fast-paced environment; experience evaluating compliance processes and procedures.
• Excellent interpersonal and communication skills; demonstrated ability to handle administrative details, and routine day-to-day issues independently, assuming responsibility without direct supervision.
• Familiarity with cannabis banking, fintech, or BaaS is a plus.

Job Type: Full-time

Pay: $65,000.00 - $75,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Day shift
• Monday to Friday

Work Location: In person