Director, Global Head of Sanctions Compliance at Meta

Washington, District of Columbia, United States -

Full Time

Start Date

Immediate

Expiry Date

12 Apr, 26

Salary

286000.0

Posted On

12 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Sanctions Compliance, Financial Services, Team Leadership, Regulatory Reporting, Risk Assessment, Communication Skills, Compliance Policies, Monitoring Systems, Audit Liaison, AML, CTF, Data Science, Legal, Product Management, Engineering, Finance

Industry

Software Development

Description

As Director of Sanctions Compliance in the Meta FinTech Compliance Team (MFTC) you will lead a team of compliance professionals and contingent workers. You will be driving forward large-scale initiatives designed to mature and enhance the sanctions compliance program. You will interact with both internal and cross-functional stakeholders to identify opportunities to enhance and streamline the program based on emerging risks. You will work collaboratively with a group of cross-functional leaders, including but not limited to Legal, Product, Engineering, Data Science, Finance and Marketing. You will help Meta FinTech to ensure that its compliance policies, internal controls and systems meet regulatory and partner expectations, and achieve its mission to "make the world more open and connected." You will support Meta Payments, Inc. to meet its various regulatory and statutory requirements. Meta FinTech is a horizontal product group in Meta. Meta Payments Inc. (MPY) is Meta’s payments subsidiary. MPY is committed to complying with Anti-Money Laundering/Counter-Terrorist Financing (“AML”/“CTF”) obligations imposed by federal, state, foreign, and other applicable laws. These governing laws and regulations may include without limitation the following: the Bank Secrecy Act (“BSA”); the USA PATRIOT Act of 2001 (“Patriot Act”); the rules and regulations overseen by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”); and other requirements applicable to registered money services businesses (“MSBs”). Responsibilities Responsible for administering, maintaining, coordinating and monitoring MFT’s day-to-day compliance with sanctions related laws, regulations, policies, programs, initiatives, rules and reporting requirements. Responsible for managing, administering, and enhancing all aspects of the sanctions compliance monitoring systems, including making sure that appropriate parameters are in place to optimally identify sanctioned activity. Monitoring systems include both system reporting and automated account monitoring software. Ensure that all required regulatory reporting is conducted in a timely, accurate, complete and compliant manner. Maintain an effective sanctions compliance program to include initial and ongoing assessments, and review and analysis of potential activity by sanctioned actors. Act as a liaison for State examinations and internal and external independent audits of MFT’s and MPY’s sanctions/OFAC compliance programs. Responsible for responding to exam and audit findings, and overseeing the corrective action of any related compliance deficiencies or violations. Responsible for maintaining and updating the sanctions-related policies and procedures and seeking approval from MPY’s Board of Directors where relevant. Support sanctions risk assessments conducted annually or as needed with consideration to products, services, customers, and geographies that may present sanctions related risk, and collect and report annually. Performs various other duties as assigned. Minimum Qualifications 10+ years experience in financial services/fintech and at least five years in a sanctions management role with experience in financial institution or intermediary. Examples of financial institutions or intermediaries could include consumer/commercial/investment banks, fintech companies, payment networks, merchant acquirers, or payment facilitators Preferred Qualifications Master’s Degree and/or Juris Doctor Knowledge of sanctions related requirements and regulations Team leadership experience Experience multi-tasking, prioritizing and working efficiently Excellent communication skills with all staffing levels and a broad constituency of cross-functional partners Demonstrated experience to work adeptly with all levels of management Handle confidential information appropriately Experience working independently, self-starter $223,000/year to $286,000/year + bonus + equity + benefits

Responsibilities

The Director will lead the sanctions compliance program, ensuring adherence to laws and regulations while managing compliance monitoring systems. They will also act as a liaison for audits and maintain effective compliance policies.