Chief Compliance Officer for Payments

Hopper���������s Legal and Compliance team is looking for a Chief Compliance Officer of a new Payments entity to institute and maintain an Anti-Money Laundering (AML) / Bank Secrecy Act (BSA) Program.

This position reports to Hopper���������s Deputy General Counsel, Fintech and Cloud. Hopper���������s Deputy General Counsel reports to Hopper���������s General Counsel.

Responsibilities

• Institute and maintain a world-class payments compliance program with a holistic ���������five pillars��������� approach that identifies and mitigates legal and regulatory risk.
• Serve as Hopper���������s Chief AML Compliance officer responsible for the company���������s BSA compliance across all products.
• Draft, implement and amend appropriate policies, procedures, controls and monitoring to ensure company-wide compliance with applicable internal and legal standards.
• Collaborate with Legal colleagues to conduct analysis of laws, standardsroducts, including state licensing laws and regulations, OFAC regulations, AML/BSA Know Your Customer (KYC) requirements, CFPB consumer protection regulations, federal Electronic Fund Transfer Act (EFTA)/Regulation E and payment network operating rules.
• Partner with and provide compliance guidance to product and engineering teams as they design innovative products.
• Manage and maintain new and ongoing licensing compliance, including managing regulatory examinations, applying for new licenses, and responding to requests from regulators.

Background Requirements

• A BA/BS degree. JD is an added plus.
• 7+ years experience in financial services compliance, including 5 years minimum as an AML compliance officer at a bank or licensed money transmitter.
• In-depth understanding of compliance, operational risks and internal control frameworks.
• Ability to build out compliance policies, procedures, processes and operations from the ground up.
• Strong communication, problem-solving and process management skills.

More About Hopper

Despite the pandemic���������s impact on the travel industry, Hopper has emerged stronger than ever. As the travel industry continues to rebound, Hopper has demonstrated significant outperformance with its category-leading mobile-only marketplace, delivering value to customers and supply partners with the company���������s proprietary suite of fintech offerings.

Here are just a few stats that demonstrate the company���������s recent growth:

• Hopper���������s valuation is now over $ 3.5B . The company���������s valuation has more than doubled since early 2020.
• The company grew its revenue by more than 300% YoY in 2021. Hopper���������s monthly revenues are now 375% higher than its pre-pandemic high point and Hopper Cloud, Hopper���������s new B2B initiative, is already 15% of its revenues and growing.
• According to Appto in the US in 2021. The app has over 70 million downloads.
• Hopper���������s recovery is faster than the market and its share of the air travel market in North America is now 300% higher than prior to the pandemic, according to MIDT.
• The company sells over $2B in travel and travel related financial services annually
• Hopper���������s fintech offerings, such as Price Freeze and Rebooking Guarantee, now represent over 70% of its air revenue.
• Given the success of its travel fintech, Hopper recently launched a B2B initiative called Hopper Cloud, where any travel provider can unlock a totally unique revenue stream by seamlessly integrating and offering Hopper���������s travel content and fintech products. Hopper Cloud partners include Capital One, Kayak, Marriott, Amadeus, Trip.com , and MakeMyTrip.
• The industry opportunity for Hopper Cloud is enormous as projections estimate that if all travel distribution channels offered travel fintech, it could increase the total cons sector by $200 billion annually.

All this recent growth is just the beginning. There are still so many new opportunities we���������re excited to tackle in the next year!