Managing Director, Card Networks and Payments

K2 Integrity is looking for a managing director for our Financial Crimes Risk Management practice with deep subject-matter expertise and experience in anti-money laundering/combatting the financing of terrorism (AML/CFT) issues, specifically in credit card networks, payments, and the payment processing space. The managing director, working closely with an executive managing director and managing directors of the FCRM practice, will lead the development, growth, and management of a payments practice focused on card programs and networks. The managing director will be charged with leading and working with cross-functional teams on diverse projects, including program and risk assessments to understand, assess, and address the financial crime compliance risks of card programs in high-risk jurisdictions, focusing on risks related to money laundering, terrorist financing, sanctions violations or evasion, bribery and corruption, and the financing of proliferation of weapons of mass destruction. The managing director will also be responsible for developing a strategy for addressing systemic card network risks in high-risk jurisdictions.

The ideal candidate will have experience with U.S. (e.g., Bank Secrecy Act, Anti-Money Laundering Act, USA PATRIOT Act, and Foreign Corrupt Practices Act) and international AML/CFT and anti-bribery and corruption (ABC) regimes, as well as global standards from organizations such as the Financial Action Task Force (FATF). The ideal candidate will be mission driven and thrive in an entrepreneurial, fast-moving environment working across teams. The candidate will also possess strong writing and editing skills, with the ability to understand financial crimes compliance risks and recommend mitigation strategies. Candidates should also excel at identifying and advising clients about gaps in their existing compliance programs or—in the case of government clients—compliance-related laws, regulations, and supervisory frameworks. In addition, candidates should be comfortable with public speaking, as this role may be called upon to act as a faculty member in K2 Integrity’s ongoing training services or to participate in webinars or industry events.

Responsibilities:

• Assess the ML/TF risks of card programs in high-risk jurisdictions.
• Develop, draft, and review AML/CFT and ABC policies and procedures for banks, money services businesses, FinTech and payments companies, cryptocurrency firms, corporations, and others to ensure consistency with legal obligations and regulatory expectations
• Analyze card network rules and related laws, regulations, and guidance related to these topics
• Work with teams to design and implement qualitative and quantitative financial crimes compliance risk assessment methodologies and provide advice about risk-mitigation strategies for issuing and acquiring banks, FinTechs, and payments companies
• Track and draft client alerts and other thought leadership pieces about emerging issues and new developments on topics related to international AML/CFT, ABC, and fraud-related laws and regulations; industry and regulatory developments in card payments and FinTech; and the application of emerging technologies to financial crimes compliance
• Collaborate with cross-functional teams to improve and develop new processes and to ensure efforts are efficient and synchronized across all channels
• Use a high level of independent judgment to solve problems, escalating issues to senior management as necessary
• Cultivate relationships with new and existing clients for continued business development
  
  

Requirements:

• Bachelor’s degree required
• Minimum seven to ten years of professional experience in AML/CFT and ABC at a card-issuer, a third-party payment processor, and/or a FinTech focused on payments.
• Subject-matter expertise in U.S. and international AML/CFT, ABC, anti-fraud laws, regulations, and standards
• Specialized experience with compliance in the card network and payments space
• Superior research, writing, and editing skills
• Excellent analytical and organizational skills, with a high level of attention to detail
• High levels of professionalism and self-motivation, together with a sense of urgency
• Exceptional ability to multitask, prioritize projects, and meet deadlines with efficiency
• Proficiency in Microsoft Office and/or experience in using other database applications
• Ability to travel as needed
  
  

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