Senior Manager, Financial Crimes Compliance

Toast is driven by building the all-in-one restaurant platform that helps restaurants operate their business, increase sales, engage guests, and keep employees happy.

Toast, Inc. seeks a Sr. Manager to lead and mature the Anti-Money Laundering (AML) program to ensure the company meets all laws and requirements for financial crimes compliance domestically and internationally, and serve as the BSA Officer. The Sr. Manager, Financial Crimes Compliance will oversee and continually develop the program framework, including all policies, procedures, processes, and associated reporting.

About this roll* (Responsibilities)

• Design scalable processes to support growth in products offered, expansion into new markets, and to satisfy requirements of Toast partners.
• Execute BSA/AML risk assessments in coordination and in alignment with the Enterprise Risk and Compliance Program risk assessment process.
• Define metrics and provide reports and readouts to the Chief Compliance Officer, the Board, and other relevant oversight committees.
• Develop and maintain enterprise BSA/AML program policies, procedures, and training.
• Manage and coordinate audits related to BSA, including providing responses to findings/recommendations and having oversight over remediation activities.
• Report suspicious activity to state and federal authorities per regulatory requirements.
• Serve as the BSA Officer for Toast.
• Partner with stakeholders, including Legal, Compliance Managers, product owners, and the businesses to accomplish BSA/AML program objectives.
• Participate in, and lead, internal compliance and risk committees as needed.
• Serve as a subject matter on financial crimes compliance and provide guidance and expertise on regulatory requirements, expectations, and changes (to process, controls, products) required to achieve regulatory compliance and support regulatory change management.
• Formalize and standardize BSA/AML Program processes and requirements and ensure compliance across Toast’s businesses, products, and services.
• Provide subject matter expertise and guidance in product review processes to ensure financial crimes requirements are considered and implemented in new product design and product changes. Provide strategic guidance to business teams on market expansion initiatives.
• Implement technology and tools to support the effective and efficient execution of financial crimes compliance processes, including automation, where possible.

Do you have the right ingredients*? (Requirements)

• Bachelor’s Degree required.
• Experience with regulators and a strong understanding of regulatory expectations.
• Strong communication skills (both written and verbal).
• Experience designing and implementing AML program frameworks and programs.
• At least seven (7) years of experience in an AML/BSA role at (FinTech preferred) company with global operations.
• Detail-oriented with the ability to meet firm deadlines.
• Certified Anti-Money Laundering Specialist (CAMS).
• Expert in BSA/AML/KYC and OFAC matters as well as payments, payroll, credit, consumer, etc.

Our Spread* of Total Rewards:

• 401(k) and matching
• Subsidized backup childcare
• Sabbatical opportunity after five years
• Various peer and company recognition programs
• Commitment to employee wellbeing through resources such as a quarterly wellness stipend and mental health benefits
• Flexible paid time off
• Employee stock purchase plan
• Professional development reimbursement program
• Parental leave
• We love a great bread/food pun
• Core health and welfare benefits including medical, dental, & vision coverage

Our Spread* of Total Rewards

We strive to provide competitive compensation and benefits programs that help to attract, retain, and motivate the best and brightest people in our industry. Our total rewards package goes beyond great earnings potential and provides the means to a healthy lifestyle with the flexibility to meet Toasters’ changing needs. Learn more about our benefits at https://careers.toasttab.com/toast-benefits.

The base salary range for this role is listed below. The starting salary will be determined based on skills and experience. In addition to base salary, our total rewards components include cash compensation (overtime, bonus/commissions if eligible), equity, and benefits.

Pay Range

$138,000—$221,000 USD

We are Toasters

Diversity, Equity, and Inclusion is Baked into our Recipe for Success.

At Toast our employees are our secret ingredient. When they are powered to succeed, Toast succeeds.

The restaurant industry is one of the most diverse industries. We embrace and are excited by this diversity, believing that only through authenticity, inclusivity, high standards of respect and trust, and leading with humility will we be able to achieve our goals.

Baking inclusive principles into our company and diversity into our design provides equitable opportunities for all and enhances our ability to be first in class in all aspects of our industry.

Bready* to make a change? Apply today!

Toast is committed to creating an accessible and inclusive hiring process. As part of this commitment, we strive to provide reasonable accommodations for persons with disabilities to enable them to access the hiring process. If you need an accommodation to access the job application or interview process, please contact [email protected].