Compliance NEW YORK, New York, USA

Compliance Risk & Controls Officer

Company Intro

Booking Holdings (NASDAQ: BKNG) is the world leader in online travel and related services, provided to customers and partners in over 220 countries and territories through six primary consumer-facing brands – Booking.com, KAYAK, priceline, agoda.com, Rentalcars.com, and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world. 

Booking Holdings Financial Services (hereinafter “BHFS”) provides financial services in the form of payment services and e-money products across all the brands. BHFS is committed to conducting its business in compliance with applicable laws, regulations and guidelines, with integrity and to the highest ethical standards.

Job Summary

Booking Holdings Financial Services-US, is looking for a Compliance Risk & Controls Officer with strong experience in Financial Services, specifically Money Transmission, to act as a critical partner to our business, helping develop, launch, and enable our mission to deliver a world-class payments operation to support Booking Holdings Inc’s brands.  The selected candidate will have the chance to witness firsthand the investment in digital technology that helps take the friction out of travel.

The Compliance Risk & Controls Officer will assist the Chief Compliance Officer-US in executing the program strategy and embed a standardized and consistent approach to risk identification, governance, reporting and mitigation within a larger global structure.  The role holder will be an agile part of the BHFS-US Compliance and Risk teams (Second Line of Defense).  

Harnessing the strategic vision of the company this role will be responsible for managing and overseeing the control and management of the BHFS-US risk, reporting these to the Chief Compliance Officer monthly.   

This opportunity represents an exceptional chance to embed yourself with one of the world’s most exciting organizations and help define the future for accessing travel experiences across the world.

Key Responsibilities

  • Ownership of the BHFS-US Compliance Risk and Control Framework

  • Identify, document and assist in remediation of risk through interaction, collaboration and engagement in both the 1st and 2nd lines of defense

  • Support the issue management framework, leveraging the global framework, while providing management of issue identification, tracking, remediation and reporting 

  • Manage and oversee the risk assessment schedule to ensure compliance with all US regulator expectations; as required assist with 2nd line risk assessments 

  • Oversee all 1st line and 2nd line controls testing, in some instances conducting RCA for 2nd line processes/controls

  • In conjunction with international/global teams, manage the BHFS-US control library to ensure completeness, accuracy and effectiveness

  • Assist CCO-US with all regulatory reporting of issue management and risk  mitigation

  • Assist BHFS-US Risk & Controls, CCO-US and CISO-US with BHFS-US Disaster Recovery Program to meet US State MTL and Federal regulatory requirements

Knowledge and Skills

  • Bachelor's Degree

  • Minimum 8 years progressive years of experience in risk and compliance management within financial services industry, preferably an organization with money transmission licenses and a registered MSB

  • Excellent written and oral communication skills

  • Ability to work in a highly matrixed organization in addition to global organization

  • Experience with quickly changing regulatory environment for both US State and Federal

  • Prefer previous experience with NY DFS MTL requirements 

  • Working knowledge of consumer regulations that apply to MSBs and providers of Prepaid Access

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