Job Description:
- Assist in preparing and submitting money transmitter license applications, renewals, and periodic reports, and support the team during examinations and respond to inquiries from regulators.
- Liaise with partnered banks and financial institutions to address requests, and integrate partners compliance requirements into the companys products and risk infrastructure.
- Support the creation of compliance policies and procedures, and help design compliance processes and risk management infrastructure.
- Conduct CDD, EDD, transaction monitoring, alert review, SAR filing, and OFAC reporting tasks.
- Perform risk assessments, and identify compliance risks for new business initiatives and existing operations.
- Support global payments licensing applications and compliance work for other countries (such as Canada, Mexico, and LATAM) as needed.
- Participate in various ad-hoc projects and tasks as assigned.
The Successful Applicant:
- A minimum of 5 years in BSA/AML, sanctions, regulatory reporting, and money transmission/payment compliance, with at least 3 years in banking, fintech/payments, or cross-border financial services.
- Entrepreneurial mindset (flexible, self-starting and hard-working) in generating innovative solutions to build out the compliance infrastructure.
- Excellent communication skills oral, written and presentation.
- Ability to work effectively both independently and as part of a team.
- Bachelors degree required; a law degree and relevant professional certification (e.g., CAMS) are preferred.
- Bilingual in Mandarin Chinese is a plus, though not required.
Location:
This position is ideally based in New York City.
We also welcome applications from candidates in California and other states, with the opportunity to work fully remotely.