Compliance Officer

About the Role

Covered Compliance is growing fast and seeking a driven, strategic, and hands-on BSA Analyst to elevate our BSA/AML compliance program. This role is ideal for a seasoned professional with 10+ years of experience applying BSA/AML requirements within FinTech, consumer finance, and/or Banking-as-a-Service (BaaS) environments, supported by an active CAMS certification.

The Compliance Officer will strengthen Covered’s BSA/AML framework, risk management practices, and regulatory compliance infrastructure, ensuring the program remains risk-based, effective, and responsive to evolving regulatory expectations, emerging financial crime risks, and the complexities of operating within a BaaS ecosystem.

As a subject matter expert, the Senior BSA Analyst will collaborate with Compliance, Operations, Servicing, Product, Technology, the Bank, Westlake, third-party service providers, and other stakeholders to identify regulatory and operational risks, evaluate control effectiveness, develop remediation strategies, and enhance the BSA/AML control environment.

Responsibilities

• BSA/AML Program Advisory & Coordination
  • Provide day-to-day BSA/AML compliance guidance to business and operational stakeholders.
  • Serve as a senior BSA/AML subject matter expert for the Bank, Westlake, and internal stakeholders.
  • Coordinate BSA/AML-related requests, escalations, inquiries, and corrective actions.
  • Evaluate regulatory requirements and translate them into operational controls and monitoring requirements.
  • Identify emerging BSA/AML risks and recommend appropriate control enhancements.
• AML, OFAC & Regulatory Requirements
  • Support administration and ongoing enhancement of the BSA/AML Compliance Program.
  • Monitor compliance with applicable BSA/AML requirements, including Customer Identification Program (CIP), Customer Due Diligence (CDD), beneficial ownership, suspicious activity monitoring, and recordkeeping requirements.
  • Manage and/or support OFAC screening requirements and related escalations.
  • Manage 314(a) requests and coordinate appropriate research, documentation, and responses.
  • Support SAR-related investigations, escalation, decisioning, documentation, and regulatory reporting.
  • Maintain awareness of applicable federal and state financial crime requirements.
• Monitoring, Testing & Reporting
  • Conduct risk-based manual and automated testing of BSA/AML controls.
  • Review monitoring outputs and identify potential control weaknesses, production defects, and compliance exceptions.
  • Support development and enhancement of automated compliance monitoring.
  • Prepare monthly, quarterly, and annual BSA/AML compliance reporting.
  • Review and validate compliance metrics, trends, exceptions, and management reporting.
  • Testing may be conducted monthly, quarterly, bi-annually, annually, or on a risk-based schedule.
• Audits & Examinations
  • Coordinate BSA/AML responses to internal and external audits.
  • Support Bank audits and examinations.
  • Coordinate responses to state and regulatory examinations involving BSA/AML.
  • Prepare documentation, evidence, testing results, policies, procedures, and management responses.
  • Track examination and audit findings through resolution.
• Training
  • Develop and/or deliver BSA/AML-related compliance training.
  • Support required Compliance Training, including FIS University assignments.
  • Identify training gaps based on monitoring, testing, complaints, audit findings, and regulatory developments.
• Issue & Escalation Management
  • Identify, document, escalate, and monitor BSA/AML compliance issues.
  • Perform root-cause analysis and recommend corrective actions.
  • Monitor remediation through closure and validate that corrective actions adequately address identified risks.
  • Escalate material BSA/AML risks to appropriate Compliance and management personnel.

Key Regulatory Areas: AML/CFT, OFAC, 314(a), CIP, CDD, Beneficial Ownership, Red Flags, Identity Theft (where applicable to financial crime risk), applicable state BSA/AML requirements, and regulatory examination and audit requirements. The position also provides subject matter support for ECOA, FCRA, Reg E, TILA, UDAAP, GLBA, FACTA, FDCPA, SCRA, MLA, TCPA, CAN-SPAM, E-Sign, and other consumer compliance requirements where a BSA/AML nexus exists.

Requirements

• Bachelor's degree in Finance, Business, Accounting, Criminal Justice, Compliance, or related field preferred.
• 5+ years of experience in BSA/AML, financial crime compliance, banking, financial services, or regulatory compliance.
• Strong knowledge of BSA/AML, OFAC, SAR, CIP/CDD, and 314(a) requirements.
• Experience with compliance monitoring, testing, risk assessments, audits, and regulatory examinations.
• Strong analytical, investigative, documentation, and communication skills.
• Ability to translate regulatory requirements into practical business controls.
• Experience working with financial institutions, bank partners, servicing organizations, or third-party service providers preferred.
• CAMS or equivalent certification preferred.

Skills

• BSA/AML Subject Matter Expertise
• Regulatory Interpretation
• Risk-Based Compliance
• Compliance Monitoring & Testing
• Audit & Examination Management
• Issue Management
• Analytical & Investigative Reasoning
• Regulatory Reporting
• Written & Verbal Communication

Why Join Covered Compliance

• Be part of a rapidly scaling FinTech compliance team shaping the future of Fraud and AML strategy.
• Play a direct role in building and enhancing an enterprise-wide compliance program from the ground up.
• Thrive in a collaborative, tech-forward, and innovation-driven environment.
• Competitive compensation, benefits, and opportunities for long-term professional growth.

Benefits

• Medical, Dental, and Vision benefits
• Life Insurance and Long-term disability plans
• Flexible Spending Account
• 401K matching
• Employee Stock Ownership Program in an $18.2 Billion Company, plus company matching
• Wellness Programs
• Career Path Opportunities
• Discounts on Parks, Museums, Movie Tickets, and Attractions
• Paid Vacation Days
• Paid Sick Days
• Paid Holidays
• Rental Car Discounts, Dell Member Purchase Program
• UKG Wallet

Schedule

On-site in Dallas, TX (Monday - Friday).