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Compliance Testing and Monitoring, Senior Manager

Company: Bill.Com
Location: Palo Alto
Posted on: September 15, 2019

Job Description:

About is a leader in financial process automation for small businesses and mid-size companies. Making it simple to connect and do business, the Back Office Cloud digitizes, automates and simplifies legacy payment and financial processes. With an integrated, end-to-end platform, leverages artificial intelligence to reduce manual work, and provides a cloud workspace to help run your business anytime, anywhere. The company partners with four of the largest U.S. financial institutions, more than 70 of the top 100 U.S. accounting firms, and major accounting software providers. manages more than $70B in annual payment volume across ACH, virtual cards, checks, and international payments. The company has offices in Palo Alto, California and Houston, Texas. For more information, or follow @billcom.Mission: The Testing and Monitoring Senior Manager will play a critical role in creating and supporting the management, execution and continued improvement of an independent compliance Testing and Monitoring program at Critical to this role is the ability to understand the key elements of the products and programs (such as tools and processes) and to collaborate with key stakeholders throughout the company and compliance subject matter experts to further develop and execute Compliance testing in order to validate the effectiveness of Compliance internal controls as executed across the organization.Responsibilities:

  • Lead the development and execution of the Compliance Testing & Monitoring Program and methodology
  • Lead the development of the annual testing plan
  • Lead and perform compliance testing, identify issues and make recommendations and report the results
  • Coordinate testing activities with various business stakeholders who are integral to the operational process of AML and Sanctions Compliance Programs
  • Identify potential compliance and risks, and effectively escalate to appropriate individuals
  • Propose methods of testing and execute plans
  • Develop test scripts corresponding to scope of the engagement and business expectations
  • Assess the design and effectiveness of controls implemented to mitigate the applicable BSA/AML/OFAC Sanctions compliance risks
  • Demonstrate ability to exercise judgment in assessing the material significance and relevance of identified compliance exceptions and ensure timely escalation.
  • Collaborate with business lines to develop remediation plans to resolve control weaknesses identified through testing
  • Track and validate the implementation of remedial actions submitted by the owners to verify that issues identified during testing are remediated. Follow up with owners as necessary
  • Prepare reports for Senior Management that highlights the scope, testing approaches, testing results, and compliance testing activities
  • Review processes and recommend areas of improvements
  • Monitor regulatory activities and industry developments to identify trends and emerging issues that may have an impact on the bank and the compliance testing program.
  • Ability to build relationships with key stakeholders to earn their trust.
  • Experience and ability to deliver bad news; work with stakeholders to monitor and report findings. Qualifications:
    • BS/BA degree
    • 5-7+ years in a Compliance Testing, Audit, or equivalent experience within financial services industry; experience at an FinTech or MSB a plus.
    • Business acumen; communication skill, creative problem solving; leadership and management; analytical skill; writing skill; technical skill; project management; relationship management; team work; planning and organizing;.
    • Knowledge of U.S. financial services regulations, including MSBs and compliance practice, compliance risk management, and compliance frameworks.
    • Comprehensive knowledge of U.S. financial services regulations and compliance practice with strong emphasis on BSA/AML and Sanctions
    • Extensive experience in building monitoring, quality assurance, testing and oversight programs
    • Excellent data analysis and including some statistics background
    • Strong contributor with an entrepreneurial mind-set
    • Track record of success in collaborating, partnering with and influencing senior leaders and Culture:--- Humble - No ego--- Fun - Celebrate the moments--- Authentic - We are who we are--- Passionate - Love what you do --- Dedicated - To each other and the customer

Keywords: Bill.Com, San Francisco , Compliance Testing and Monitoring, Senior Manager, Executive , Palo Alto, California

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