Title: Compliance Manager – Reloadable Card Solutions
Location: Miami, FL
Overview:
Our Client, a fintech with an innovative check cashing alternative, is searching for a Compliance Manager to join their team. With its unique integrated fintech platform, they provide banking to the unbanked and underbanked consumers by enabling any convenience store to activate, on the spot, a fully functional prepaid reloadable debit card with instant check cashing alternative.
The Compliance Manager’s role involves the management and coordination of all areas related to compliance including four specific areas: Transactional Compliance (BSA/AML), Company Compliance (Employee training, reporting, audits, etc.), Agent Compliance (Verification and optimization), and State licensing support. Reports to the VP of Operations.
Responsibilities:
- Manage various tasks and projects spanning the full scope of the Compliance Program
- Manage the requirements involving tracking and monitoring, general quality assurance and maintenance of their Regulatory Requirements Repository database, and other related tasks as needed
- Assist in developing general Compliance communications
- Development of Compliance training materials
- Coordinate and manage all anti-money laundering filings
- Coordinate and manage responsibilities related to ongoing due diligence of their service providers
- Coordinate with cross-functional stakeholders within the organization including legal, operations, training, and development, marketing, and others to ensure compliance with various requirements.
- Carry out the company’s AML compliance training program for employees and relevant third parties
- Be an escalation point for AML & Financial Crimes investigations
- Work with internal colleagues to establish transaction monitoring rules for each client program
- Participate in audits and state examinations
- Maintain calendar of periodic tasks and activities as it relates to AML Compliance
- Work with CEO to obtain State Licenses where required
- Gather, monitor, and improve process for Agent onboarding and maintenance during the years from a compliance perspective
- Ad hoc tasks as required to support the company’s business and compliance activities
Requirements:
- Bachelor’s Degree or equivalent experience; with 1-3 years’ professional experience in money transmission or payments
- ACAMs and/or Compliance certification preferred
- Experience with reporting requirements for regulated financial institutions
- Experience with Money Transmission/Money Service Business regulations and requirements, including Anti-Money Laundering, Bank Secrecy Act, Know Your Customer regulations, sanctions screening, and the payments industry
- Proven ability to apply regulatory knowledge to the practical design and application of process and procedures.
- Creative thinker, able to support innovation while managing risk
- Good communication, interpersonal, presentation, and writing skills. Analytical thinker.
- Ability to communicate regulatory compliance issues to senior management. Public speaking skills
- Strong organizational skills and attention to detail. Ability to effectively frame issues to drive strategic thinking and execution
- Adobe, MS Office, especially Word and Excel experience/skills required (intermediate level)
- Meticulous attention to detail and exceptional organizational skills
- Ability to address opportunities with a solutions-oriented approach and suggesting process improvements
- Ability to work independently, as well as within a cross-functional team environment
- Proficiency with electronic document management software and systems
- Must possess ability to function in a demanding, fast-paced, and multi-dimensional role
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