VP of Compliance

strape s.r.o.

Place of work
Legionárska 1, Žilina
Contract type

Information about the position

Job description, responsibilities and duties

At Payout, we approach payments with the same startup mentality that we had when we launched our first payment solution in 2012. We are now focused on combining our entrepreneurial spirit with our immense payment expertise to take our company and our partners to the forefront of innovation.
This position will report to the Senior Management and will be responsible for ensuring that Payout is in compliance with laws, rules and regulations associated with its business (e.g.,, state money transmission regulations and international payments regulations).
Key Responsibilities include, but are not limited to:
Corporate-wide Compliance
Responsible for Corporate-wide compliance, including Money Transmitter compliance, AML and Sanctions compliance.
Develop and oversee implementation of corporate wide programs, policies and procedures to ensure compliance with applicable laws and regulations, and ensure activities are being performed in accordance with policies and procedures.
Interpret and disseminate information of regulatory matters. Communicate compliance requirements to management and all employees. Ensure that compliance responsibilities are incorporated into business processes and practices.
Provide strategic direction related to compliance, anticipating external requirements and business initiatives, and set compliance priorities.
Develop and update the compliance training curriculum (internal, as needed, external); provide compliance training.

Serve as trusted advisor to Senior Management and prepares and delivers compliance reporting.

Money Transmitter Compliance
Work with a cross functional team to coordinate tasks related to reporting and license renewals for those states where Payout is licensed.
AML and Sanctions Compliance
Primary oversight responsibility Payout’s BSA/AML Compliance program
Provide subject matter expertise and guidance regarding AML and Sanctions laws/regulations/guidance.
Develop and maintain relationships with government agencies, regulators, industry trade associations, and monitor BSA/AML industry developments.
Oversee detection and reporting of suspicious activity, including review and approval of SARs or recommendations not to file SARs.
Identify and evaluate technology solutions for use in supporting AML and Sanctions compliance, and ensure that these systems are reasonably designed to achieve compliance and meet regulatory expectations.
Prepare reports concerning, and make presentations to relevant boards and other senior managers regarding, AML and Sanctions programs.

Prior experience as compliance officer at a licensed money transmitter required.
Experience leading a team that developed and implemented a successful risk-based, enterprise-wide, compliance program and related compliance infrastructure
Will to learn to requirements of the Anti-Money Laudering regulations.
Must be proactive self-starter with strong problem-solving, leadership, advocacy, management, communication, facilitation, team building and analytical skills
Ability to be proactive (e.g., predictive of issues), reactive and persuasive.
Excellent consultative skills with the ability to build collaborative relationships through the various business units and departments.
Excellent organizational, interpersonal, time management, written and oral communication skills, superior internal and external customer service skills.
Bachelor’s Degree in Business, Accounting or other quantitative discipline, with no experience in financial services,. Must possess strong technology acumen.
Must be strong in English language- Level C1

Requirements for the employee

Candidates with education suit the position

University education (Bachelor's degree)


Brief description of the company

In Payout we know that tech will transform from something we actively use to a more seamless integrated experience that is ‘on’ all the time. We understand the evolution of software development and the important role of functional programming paradigm for solving nowadays projects and for future.

Number of employees

5-9 employees

Company address

Payout s.r.o.
Legionárska 1
01001 Zilina
ID: 2771871   Dátum zverejnenia: 18.10.2016