Job Description

For many people around the world, basic financial services are still out of reach: about 1.7 billion adults globally remain unbanked. The cost of that exclusion is significant $25 billion is lost by migrants every year through remittance fees. This is the challenge were hoping to address with Novi, a Facebook subsidiary whose goal is to provide people everywhere access to safe and affordable financial services through Diem, a new global payment system powered by blockchain technology. Our first product will be a digital wallet - Novi - for Diem, and it will be available in Messenger, WhatsApp, and as a standalone app. At Novi, you will be working with a talented and dedicated group of people who are passionate about changing the world. Our leadership is experienced and some of the best minds working today in their respective fields. Our team is looking for a leader for designing and implementing our global end to end Compliance and Enterprise Risk Management program. You will lead the strategy and implementation of the central program that will be the foundation for compliance with regulations.

Enterprise Risk Management Officer, Novi Responsibilities

* Oversee the buildout of the Enterprise Risk Management (ERM) program

* Lead the creation of a comprehensive inventory of risks and controls for Novi, and work with stakeholders to ensure appropriate controls are designed and implemented

* Support the ERM Lead in the implementation and execution of the key pillars of the ERM Program: Governance, Risk Assessment, Issue Management, Third-Party Risk Management

* Support the roll-out and operationalization of software and tools to manage Novi's risks

* Stay up to date on the regulations applicable to Novi (e.g. KYC, Sanctions, Transaction Monitoring etc.)

Minimum Qualifications

* Bachelors degree or equivalent experience in Compliance

* Knowledge of Financial Services, and other related financial regulations globally (e.g. Payments regulations, Lending regulations, BSA/AML)

* Working experience in building relationships with regulators, including explaining details of BSA/AML and Consumer Protection Compliance

* Knowledge of risk management within the Financial Services industry

* Experience implementing and monitoring regulatory and other policy requirements

* Experience working hands-on with cross-functional teams, like lawyers, engineers, product managers, data analysts, operations analysts in building compliance processes and systems

Preferred Qualifications

* Knowledge of blockchain-based systems

* Experience in a mix of government/regulatory, and financial services/technology industries

Locations

About the Facebook company

Facebook's mission is to give people the power to build community and bring the world closer together. Through our family of apps and services, we're building a different kind of company that connects billions of people around the world, gives them ways to share what matters most to them, and helps bring people closer together. Whether we're creating new products or helping a small business expand its reach, people at Facebook are builders at heart. Our global teams are constantly iterating, solving problems, and working together to empower people around the world to build community and connect in meaningful ways. Together, we can help people build stronger communities we're just getting started.

Facebook is committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us at accommodations-ext@fb.com.