Head of Financial Crimes Compliance

About Rippling

Rippling gives businesses one place to run HR, IT, and Finance. It brings together all of the workforce systems that are normally scattered across a company, like payroll, expenses, benefits, and computers. For the first time ever, you can manage and automate every part of the employee lifecycle in a single system.

Take onboarding, for example. With Rippling, you can hire a new employee anywhere in the world and set up their payroll, corporate card, computer, benefits, and even third-party apps like Slack and Microsoft 365—all within 90 seconds.

Based in San Francisco, CA, Rippling has raised $1.4B+ from the world’s top investors—including Kleiner Perkins, Founders Fund, Sequoia, Greenoaks, and Bedrock—and was named one of America's best startup employers by Forbes.

We prioritize candidate safety. Please be aware that all official communication will only be sent from @Rippling.com addresses.

About the role

After becoming one of the fastest growing startups in the United States, Rippling is ready to up level our growth engine to scale to $1B in ARR over the next couple years, including through international expansion and the addition of new products like Global Payroll, Employer of Record, and Spend Management. Investing in our compliance controls is a key priority to enable future business growth.

Rippling is looking for a highly-motivated and proactive Head of Financial Crimes Compliance to lead our AML/BSA program across our broad product suite including payments and lending financial services. You will partner closely with our Legal, Finance, Operations, Security and Product & Engineering teams to manage risks and meet applicable legal and regulatory requirements while providing a great product experience for our customers.  You have a passion for efficiency and building scalable approaches in the ever-changing world of technology and product growth. You are a self-starter and take pride in working cross-functionally to deliver observations on identifying key risks or enchantments to current practices. We love fresh perspectives on how compliance should be run, and welcome your innovative thoughts on achieving the highest efficiency and protection in Rippling’s activities.   

The Head of Financial Crimes Compliance will be responsible for building and overseeing all aspects of the bank-wide BSA/AML/OFAC Compliance program and to ensure that the Bank is in compliance with state and federal BSA, USA PATRIOT, AML and OFAC laws and regulations. The position will be responsible for managing aspects of the development, implementation and enhancement of our risk management program.

Oversee all aspects of the company-wide BSA/AML/OFAC Compliance program, ensuring compliance with global, state and federal BSA/AML, and Sanctions laws and regulations. Responsible for managing aspects of the development, implementation, and enhancement of the fraud risk management program.

What you will do

• Maintain an effective Bank Secrecy Act (BSA) Program, as mandated by regulatory requirements. This entails conducting the BSA/AML/OFAC Risk Assessment, and reporting Suspicious Activity Reports (SARs) to OFAC and the Financial Crimes Enforcement Network (FinCEN) (or global equivalent agency) for Board review and approval.
• Perform the necessary Board reporting and Board training, as per regulatory and Bank policies.
• Supervise the Enhanced Due Diligence (EDD) program, which provides comprehensive information about higher-risk customers and elucidates the explanations and evaluations of their transaction activity.
• Manage the periodic re-evaluation of customer risk.
• Manage the suspicious activity reporting process, which involves investigating and reporting customer transaction activity that exhibits unusual patterns consistent with applicable laws and regulations.
• Coordinate company-wide AML/OFAC training and, when necessary, provide training to Bank employees on compliance with AML/OFAC regulations.
• Act as a liaison between the company and regulatory authorities and enforcement agencies on compliance matters, including regulatory examinations and other AML-related matters. Collaborate with these agencies on ongoing investigations.
• Communicate with internal business units regarding EDD reviews, ongoing investigations, and any potential issues that may arise during the normal course of business.
• Stay informed about changes in laws and regulations by attending various training sessions, such as seminars and webinars.

What you will need

• 5+ years of experience in managing Financial Crime programs, with at least 3+ years in a leadership role overseeing teams, preferably in a global fintech or SaaS environment.
• Eager for a very hands-on role, where you’ll be asked to take on and run with a range of initiatives outside your comfort zone and learn quickly
• Strong knowledge of regulatory requirements and standards relevant to the industry. Familiarity with compliance frameworks and best practices.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and organizational abilities; with the ability to create executive level reporting
• Excellent communicator both internally and externally, with ability to break down complex regulatory requirements into easy-to-understand and practical advice.
• Proficiency in using compliance testing tools and software.
• Demonstrated success in teams, driving process improvements, and meeting key performance targets within a high-growth organization.
• A learning mindset, people-first attitude, and strong sense of responsibility 
• Sense of humor

Even if you don’t meet all of the requirements listed here, we still encourage you to apply. Skills can be used in lots of different ways and your life and professional experience may be relevant beyond what a list of requirements will capture.