BSA Analyst

We started Novo to challenge the status quo— we’re on a mission to build the operating system to destroy the back office, so small businesses (SMB’s) can do more of what they love. Novo is flipping the script of the FinTech world, and we’re excited to lead the small business FinTech revolution.

We are looking for people of character. Pragmatic and capable people who want to see their work drive better outcomes for small businesses — the backbone of our economy. You will join our team and work on the building blocks of everything Novo ships.

  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 
• Able to work from the office 3+ days per week
• Offices in NYC, Miami, India, and Colombia

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. 

What you’ll be doing 

• 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

Required:

• 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

Nice To Have, but Not Required:

• ACAMS certification, or equivalent
• Experience with business banking products
• SQL Proficiency
• Advanced Excel Proficiency

Compensation Range: 80k -100k

Novo values diversity as a core tenet 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.