Sanctions Lead

Sanctions Lead

Location: Hybrid in NYC (3 day in-office requirement)

Qualifications:

• Bachelor’s degree or relevant work experience
• A comprehensive understanding of OFAC and other Global Sanctions Regulations;
• 3+ years of experience in sanctions compliance or financial crime within a financial institution or money service business. Ability to manage and prioritize simultaneous projects, related to different stakeholders, internal and external to company
• Excellent interpersonal, verbal, and communication skills, strong professional presence to support regular interactions with senior management
• Proven ability to drive performance, and manage risk effectively.
• Experience working with offshore teams
• High level of integrity, accountability, and attention to detail.
• Ability to work on site, at least 3 days per week

A day in the life and how you’ll make an impact:

• The Sanctions Lead will lead initiatives, in collaboration with the TLV Director of Compliance Operations, to handle the daily tasks to support our sanctions requirements
• ​​Lead and manage an offshore team of sanctions analysts responsible for reviewing and escalating sanctions-related matters.
• Provide hands-on support. Including, but not limited to, escalations from other lines of business regarding sanctions. Q&A and monitor team performance, relevant system rules and features
• Take ownership of sanctions QA processes, including hands-on review of alert quality and resolution of both internal escalations and end-user issues related to sanctions decisions
• Ensure adherence to OFAC and other relevant regulatory requirements, internal policies, and industry best practices.
• Maintain accountability for the overall health and performance of the sanctions operations function, ensuring workflows are effective, timely, and compliant with internal and regulatory expectations
• Maintain internal procedures and workflows to drive consistency and efficiency.
• Provide subject matter expertise on sanctions issues and deliver training to team members and business stakeholders.
• Collaborate with Compliance, Legal and Business teams on sanctions related matters.
• Collaborate with Compliance, Product, Analytics and Engineering for refinements and enhancements to the sanctions screening products and workflows.
• Stay current on changes to global sanctions regulations and evaluate their impact on the firm’s operations.
• Prepare and present Key Performance Indicators (KPIs), metrics, and high-risk case summaries to senior stakeholders.
• Support internal and external audits, regulatory exams, and assurance reviews.
• Foster a culture of compliance, integrity, and continuous improvement within the sanctions team.
• Escalate issues to management as appropriate
• Ad Hoc Projects

About the team:

Our Sanctions Team sits within the broader compliance operations function and plays a mission-critical role in safeguarding the integrity of our platform. As a leading B2B payments provider, we operate in a fast-moving and highly regulated environment. The team is responsible for ensuring that all customer and transactional activity complies with sanctions regulations. We work closely with colleagues in Product, Engineering, Legal, Risk, and Compliance to design and maintain a robust sanctions control framework that supports our growth while meeting our compliance obligations.

We’re a high-performing group that values precision, agility, and collaboration. We thrive on complex problem-solving, take pride in staying ahead of regulatory changes, and are always looking to improve our tools, processes, and decision-making. This is a great opportunity to work with a smart, motivated team that’s directly contributing to the trust and safety of our platform.

About Melio USA: 

• Competitive compensation packages: We strive to make each and every employee feel valued and appreciated. 
• The annual base salary range for this position is $100,000-120,000
• Medical, Dental, and Vision: We offer generous and highly competitive plans with up to 100% employer-paid coverage, FSA and HSA.
• 401K matching and stock options: Feel the investment of working at a hyper-growth startup.
• Wellness: We take a holistic approach to wellness at Melio with a focus on providing financial, physical, emotional, social, and community support for our employees. 
• Time Off: Time to rest and recharge is a priority for us. We offer competitive vacation time, sick days, holidays, parental leave and wedding days to allow you to take the time you need, when you need it. 
• Food perks: Enjoy our fully stocked kitchens, along with a weekly Seamless stipend and plenty of catered meals each week. 
• Office culture: Thrive in our collaborative offices in New York City in a hybrid working environment. We are dog friendly as well!
• Growth and development: Lean on the diverse team to foster professional and personal growth through workshops, mentorship programs, and team building activities. 

Melio builds business-to-business (B2B) payment tools so small business owners can spend less time in the back office and more time on their craft. As the fastest-growing B2B payment platform in the US, Melio is working hard to find new and better ways to help small businesses succeed in the ways that work best for them.

Melio's diversity, equity and inclusion efforts have always been a top priority within our team. We are an Equal Opportunity Employer, and all of our employees encompass different strengths, experiences and backgrounds. DEI within Melio prioritizes race, gender, age, disability status, veteran status, sexual orientation, religion and many other parts that make up one's identity. Having a diverse team across all offices is key to our success, and inclusion is each #TeaMelio member's responsibility. Melio accepts job applications on an ongoing basis until the position is filled. If you are interested in applying for this job opportunity, please do so directly on our careers page (or if you’re here already, scroll down and apply now!). This employer participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.