Senior Manager, Affirm Bank Compliance

AffirmAffirm·Remote(Remote US)
Legal & Compliance

WFA Digital Insight

The demand for experienced compliance professionals in the fintech space has surged, with a 25% increase in job openings over the past year. As the financial industry continues to evolve, companies like Affirm are seeking skilled leaders to navigate complex regulatory landscapes. With its commitment to reinventing credit, Affirm stands out as a forward-thinking employer. Before applying, candidates should be aware of the importance of staying up-to-date with the latest BSA/AML regulations and trends, as well as possessing strong leadership skills to drive compliance initiatives.

Job Description

About the Role

The Senior Manager, Affirm Bank Compliance, plays a pivotal role in ensuring that Affirm's financial operations adhere to the highest standards of compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Countering the Financing of Terrorism (CFT) regulations. This position is responsible for the development, implementation, and administration of Affirm's BSA/AML/CFT and Office of Foreign Assets Control (OFAC) Compliance Program. The successful candidate will have a deep understanding of financial regulations and a proven track record in compliance leadership.

The day-to-day responsibilities of this role include overseeing the compliance program, conducting risk assessments, monitoring transactions, and ensuring that all regulatory reporting requirements are met. The Senior Manager will work closely with various teams across the organization, including Compliance, Risk, Operations, and Technology, to ensure that new products and services are designed and implemented with compliance in mind.

As a leader in the compliance function, this role requires strong communication and interpersonal skills, with the ability to influence stakeholders at all levels of the organization. The Senior Manager will be responsible for providing training to employees and the Board on BSA/AML/CFT and OFAC compliance, as well as serving as the primary point of contact with regulatory agencies.

What You Will Do

  • Develop, implement, and maintain the Bank’s BSA/AML/CFT and OFAC Compliance Program in accordance with relevant regulations and guidance.
  • Conduct and periodically update the BSA/AML/CFT and OFAC risk assessments to identify, measure, and mitigate financial crime risks.
  • Oversee systems and procedures for transaction monitoring, customer due diligence, enhanced due diligence, and suspicious activity detection.
  • Ensure the timely filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) as required by the Financial Crimes Enforcement Network (FinCEN).
  • Implement ongoing BSA/AML/CFT/OFAC training for all employees and Board members.
  • Coordinate the independent testing of the BSA/AML/CFT and OFAC Compliance Program and oversee remediation of findings.
  • Serve as the primary point of contact with the Federal Deposit Insurance Corporation (FDIC), FinCEN, and law enforcement agencies on all BSA/AML/CFT/OFAC matters.
  • Prepare and deliver reports to executive management and the Board’s Risk Committee on program status, risk trends, and significant issues.
  • Ensure compliance with the Customer Identification Program (CIP) and Customer Due Diligence (CDD) requirements.

What We Are Looking For

  • Minimum of 7-10 years of experience in BSA/AML/CFT compliance within a financial institution, including at least 3 years in a management or leadership role.
  • Strong knowledge of the Bank Secrecy Act, USA PATRIOT Act, OFAC, FinCEN guidance, and related FFIEC BSA/AML Examination Manual requirements.
  • Professional certification such as Certified Anti-Money Laundering Specialist (CAMS) strongly preferred.
  • Experience implementing or overseeing BSA/AML/CFT systems, analytics, and regulatory reporting tools.
  • Proven ability to interface effectively with regulators, auditors, and executive management.
  • Expert knowledge of BSA/AML/CFT principles, frameworks, and regulatory requirements.
  • Strategic thinker with strong operational execution and control discipline.
  • Effective communicator capable of influencing across technical and business functions.

Nice to Have

  • Experience with compliance software and technology solutions.
  • Knowledge of emerging trends and technologies in financial crime prevention.
  • Certification in a related field, such as compliance or risk management.
  • Experience working in a fintech or digital banking environment.

Benefits and Perks

  • Competitive salary and bonus structure.
  • Comprehensive health insurance benefits.
  • Generous paid time off and holiday policy.
  • Remote work stipend and equipment allowance.
  • Opportunities for professional development and career growth.
  • Access to cutting-edge technology and tools.
  • Collaborative and dynamic work environment.
  • Recognition and reward programs for outstanding performance.

How to Stand Out

  • Tip: Stay updated on the latest BSA/AML regulations and trends to demonstrate your expertise during the interview process.
  • Tip: Highlight any experience you have with compliance software and technology solutions to show your ability to adapt to new tools.
  • Tip: Be prepared to discuss your approach to risk assessment and mitigation, providing specific examples from your experience.
  • Tip: Showcase your leadership skills by describing how you have influenced compliance initiatives in previous roles.
  • Tip: Research Affirm's products and services to understand how compliance integrates into the business operations, demonstrating your interest in the company's mission.
  • Tip: Prepare questions to ask the interviewer about the company culture, compliance team, and opportunities for growth and development.

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