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Director of Compliance Strategy

Rho

Rho

Legal
New York, NY, USA
Posted on Thursday, June 27, 2024

About Us

Rho is on a mission to make finance frictionless for business. Our team and technology power high-performing companies with an end-to-end finance platform that seamlessly enables teams to safely conduct and manage company cash and spending across commercial-grade banking, corporate cards, A/P and more.

About the Role

We’re looking for an experienced, hands-on Director of Compliance Strategy to build out our existing compliance program and lead the team. This is a great opportunity to take the lead in owning and enhancing our program, policies, and procedures, both in-product and behind the scenes. Working primarily with our compliance team, partner banks, vendors/apps, and other Rho stakeholders, this person will have significant contact with executives and cross-functional colleagues, and ensure that Rho is compliant with all U.S. banking regulations and company policies and procedures.

Responsibilities

  • Lead and enhance the strategy for the compliance team, covering anti-money laundering/counter-terrorist financing, financial crimes, client onboarding, sanction compliance, and banking/fair lending regulations operating across the U.S.
  • Partner with stakeholders to augment the transaction monitoring, investigation, and suspicious activity reporting systems and framework to ensure Rho maintains the highest regulatory standards while creating an optimal, innovative customer and product experience
  • Optimize the financial crimes, sanctions, and KYB compliance policies, procedures, programs, testing, and compliance controls and across all products at Rho
  • Analyze trends and patterns to develop risk mitigation and detection
  • Ensure best-in-class monitoring and surveillance systems are in place to prevent suspicious activities; work with Rho’s technical teams to understand and design analytical methodologies for risk mitigation
  • Collaborate with our partner banks on reporting, monitoring, and audits to ensure our compliance efforts are aligned with bank and regulatory guidelines
  • Provide periodic reporting to executive and senior management, the board of directors, and committees

Qualifications

  • 7+ years managing a similar compliance function with a strong, “SME status” understanding and focus on BSA/AML, financial crimes, and banking/fair lending regulations within the banking, fintech, or financial services industry
  • Experience managing a team of compliance professionals and working with executives and cross-functional stakeholders to drive solutions
  • Ability to lead from the front and execute in a fast-paced environment
  • Extensive experience enhancing digital frameworks for AML/BSA risk at a bank or fintech and building out compliance monitoring, testing, and reporting
  • Experience creating functional and organizational processes and using data to meet compliance and regulatory requirements that can scale with growth
  • Excellent analytical skills with the ability to identify issues, analyze data, and make sound recommendations
  • Highly detail-oriented with strong organizational skills
  • Ability to meet strict regulatory requirements while balancing product and customer experience
  • Prior experience in a lead compliance role at a bank, fintech, or other financial services required
  • JD preferred but not required; relevant certifications (e.g., CAMS, CRCM, CFE) are a plus

Our people are our most valuable asset. The salary range for this role is $184,000 - $215,000. Base salary may vary depending on relevant experience, skills, geographic location, and business needs. In addition to base pay, Rho offers equity, healthcare benefits and paid time off.

Diversity is a core value at Rho. We’re passionate about building and sustaining an inclusive and equitable environment for all those involved with our mission, including employees, contractors, candidates, customers and vendors. We believe every member of the Rho community enriches our ability to provide a broad range of ways to understand and engage with the market, identify problems, and drive solutions that align with our mission. We welcome all qualified applications and support each of our Rho’ers with ongoing professional growth opportunities.