Compliance Testing Manager

About Our Company

Lem Fi (YC S21, Series B) is revolutionizing cross-border financial services for immigrants through its multi-currency platform, processing over $1 billion in monthly transactions. We provide instant remittances, foreign exchange services, and multi-currency accounts, all in one seamless experience.

With 300+ employees across 15+ countries, we’ve secured our Series B funding from top investors like Highland Europe, Left Lane Capital, and Y Combinator. Our vision is to build the first full-stack financial services hub for the world’s immigrant population.

The Compliance Testing Manager role at Lem Fi will be responsible for developing and overseeing a global compliance testing program to assess the effectiveness of AML, CTF, sanctions, and consumer compliance controls across the US, UK, Canada, and other jurisdictions. The role includes designing and executing regular control testing, leading the model validation program, and ensuring proper documentation and follow-up on identified issues.

The manager will support audit project management efforts, collaborate with key stakeholders to implement corrective actions, and report findings to the Board of Directors. They will also lead the Quality Assurance team by setting KPIs and driving performance evaluations to maintain high standards across all compliance functions.

• Develop and maintain a global compliance testing program with testing scopes to evaluate AML, CTF, sanctions, and consumer compliance programs (including GLBA) for Lem Fi in the United States, United Kingdom, Canada, and other global jurisdictions.
• Conduct regular testing on compliance processes and controls according to an annual testing schedule.
• Build and oversee the model validation program and control testing to ensure processes and controls mitigate regulatory risk effectively.
• Adequately document the evaluation of the effectiveness of internal controls.
• Follow up with key stakeholders on identified compliance issues and ensure timely, appropriate corrective action plans.
• Assist Compliance Officers with project management for all Compliance audits, including independent, state, and federal regulatory audits.
• Report testing program results and corrective actions to the Board of Directors; manage and lead the Quality Assurance team, including setting KPIs and conducting performance reviews.

• Total of 6 years of experience in AML and sanctions compliance
• Minimum of 3 years in a Manager-level compliance testing role
• Advanced knowledge of US BSA/AML, CTF, and sanctions regulations (particularly for banks and MSBs)
• Direct experience developing and managing BSA/AML, CTF, and sanctions testing programs
• Demonstrated knowledge of US consumer compliance regulations and testing standards
• Prior direct experience managing a team of compliance staff

• Flexibility:
  Willingness to explore different ways of doing things and adapt approaches as needed.
• Critical Thinking:
  Ability to define issues clearly and solve them with data, facts, and observations.

• Mid-Senior level

• Full-time

• Quality Assurance