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Financial Crimes Compliance Officer, APAC

Stripe

Stripe

Accounting & Finance, Legal
Bengaluru, Karnataka, India
Posted on Thursday, June 20, 2024

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone’s reach while doing the most important work of your career.

About the team

We are looking for a Financial Crimes compliance professional experienced in the fintech and payment industry to join our Financial Crimes team in our India Office. In this role, you will be part of a team working closely to build and maintain a robust Financial Crimes program for Stripe as it continues to grow in India, whilst helping with Stripe’s expansion in other APAC markets (as necessary).

What you’ll do

Stripe is both a technology company and a financial services company, and you will need to be comfortable straddling both of those worlds every day. The right person for the role will enjoy dealing with that puzzle, seeking creative solutions and moving quickly, often in the face of ambiguity.

In your role as the APAC Financial Crimes Compliance Officer, based in Bangalore, India, reporting to the APAC Head of Financial Crimes and Supportability, you will be the public face of Stripe’s financial crimes compliance team in the region

Responsibilities

In this highly visible and strategic role, you will:

  • Serve as the primary liaison and trusted Stripe representative to key external stakeholders, including the Reserve Bank of India, the Financial Intelligence Unit, and partner financial institutions.
  • Leverage your exceptional communication skills to build and maintain strong working relationships, coordinate regulatory engagements, and effectively represent Stripe's financial crimes compliance initiatives internally and externally.
  • Act as the India AML Principal Officer, taking responsibility for all financial crimes-related matters with local regulators. You will be the go-to expert, providing clear, actionable advice to internal teams and external partners on compliance requirements, risk assessments, and control implementation.
  • Regularly update Stripe's Board and Senior Management on financial crimes and supportability initiatives, policies, and issues, ensuring they have a deep understanding of the compliance landscape and Stripe's preparedness.
  • Manage financial crimes and supportability programs in India (and other APAC countries as necessary). This includes reviewing and enhancing policies, frameworks, and controls to maintain compliance with local regulations and partner requirements.
  • Partner with the wider Financial Crimes and Supportability pillar teams to localize global controls and processes. Address any gaps, drawing on your in-depth knowledge of the payments industry and relevant legislation in India.
  • Participate actively in business strategy proposals and discussions with an enabling and compliant mindset
  • Lead external audits and regulatory inspections, working with international stakeholders to ensure seamless preparation and timely remediation of any findings.

Who you are

We’re looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.

Minimum requirements

  • Minimum 8+ years combined relevant financial crimes experience in payments, banking, financial regulators, law firms and/or audit firms, preferably in a responsible officer role.
  • Strong communication (both verbal and written) and stakeholder management skills; and experience executing on complex initiatives.
  • Demonstrated experience in regulatory engagements
  • Strong knowledge of the payments industry and the relevant legislations in India
    ^

  • Competent in interpreting legal guidance (with the support of the Legal team) into actionable guidance, and operational policies and systems-based solutions

  • Ability to navigate ambiguous situations and make quick, sound compliance decisions when necessary.
    ^

  • Ability to work efficiently and independently in a fast-paced, high-volume environment.
    ^

  • An effective and relatable “culture of compliance” mentality.

  • The requisite skills and knowledge and satisfy any pre-appointment checks to be appointed as the Principal Officer with the Reserve Bank of India and its Financial Intelligence Unit.

Preferred qualifications

  • Experience with AML regulatory requirements in other APAC markets
    ^

  • Familiarity with MacOS and Google products.
    ^

  • CAMS or CFE certification (or equivalent)

Office-assigned Stripes in most of our locations are currently expected to spend at least 50% of the time in a given month in their local office or with users. This expectation may vary depending on role, team and location. For example, Stripes in our Bucharest, Romania site have an 80% in-office expectation, and those in Stripe Delivery Center roles in Mexico City, Mexico and Bengalaru, India work 100% from the office. Also, some teams have greater in-office attendance requirements, to appropriately support our users and workflows, which the hiring manager will discuss. This approach helps strike a balance between bringing people together for in-person collaboration and learning from each other, while supporting flexibility when possible.

Stripe does not yet include pay ranges in job postings in every country. Stripe strongly values pay transparency and is working toward pay transparency globally.

Office locations

Bengaluru

Remote locations

Remote in India

Team

Legal

Job type

Full time