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!