Head of Compliance (BSA Officer)

Monex USA•Washington, DC

3d•$140,000 - $170,000•Hybrid

About The Position

Monex USA is seeking a Head of Compliance to lead and oversee all compliance and financial crime functions across the business. This role is responsible for ensuring the firm maintains effective systems and controls to meet all applicable regulatory obligations, while providing strategic compliance guidance to executive leadership and supporting the company’s continued growth in the U.S. and international markets.

Requirements

Bachelor’s degree in Law, Finance, Business, or related field
10+ years of compliance experience within money transmission, foreign exchange, or international payments
Minimum 3 years of senior compliance leadership experience
Strong knowledge of AML/BSA, OFAC, USA PATRIOT Act, FATF recommendations, and U.S. money transmitter regulations
Experience managing regulatory examinations, audits, and remediation efforts
Prior experience serving as BSA Officer or MLRO with SAR/STR filing authority
Strong communication and stakeholder management skills
High standard of written and verbal English

Nice To Haves

Advanced degree in a related field
FINTRAC/PCMLTFA experience
CAMS or similar compliance certification
Fluency in additional languages, including Spanish, French, or Dutch
Experience working with international compliance governance structures

Responsibilities

Responsible for all Compliance related matters at MUSA
Principal contact for local regulators in the USA (FinCEN) and Canada (FINTRAC)
Take the lead role in the implementation of changes driven by current and forthcoming regulatory requirements
Respond to and/or coordinating responses to regulatory, FIU enquiries, LP and audit requests
Ensure there are sufficient resources and resources of the necessary quality to handle the firm’s regulatory compliance and financial crime operations and obligations
Arrange and overseeing regular Compliance Audits and Risk Assessments
Ensure any Audit or Risk findings are communicated to the Chief Executive Officer and other (relevant) senior managers (ICCO) in order to discuss and agree suggested changes and assist with the implementation of these (where applicable)
Ensure accurate and up to date Compliance records are maintained (including version control)
Provide concise and meaningful, data-driven management information to the firms executive and Board & Senior Managers, e.g. Quarterly compliance reports, Quarterly Board reporting etc.
Manage day-to-day compliance operations
Develop and align compliance initiatives for MUSA in partnership with international compliance teams, ensuring consistency with global strategic objectives under the guidance of the ICCO
Advise and assist the local Board to deliver on required management/governance structure, systems and internal controls and individual responsibilities of senior management
Oversee the firm’s AML/BSA, OFAC, sanctions, and financial crime compliance framework
Ensure adherence to USA PATRIOT Act, FATF recommendations, and state money transmitter licensing requirements
Continuously enhance the Compliance Programme, including policies, procedures, and training documentation
Ensure risk-based KYC and due diligence procedures are maintained and escalated appropriately
Oversee customer complaint reviews and regulatory reporting obligations
Maintain oversight of SAR/STR filing processes and financial crime investigations
Foster strong relationships across all business units while maintaining effective second-line oversight
Promote a culture of compliance and ethical conduct across the organization
Ensure all employees receive ongoing compliance and financial crime training
Coordinate bespoke training for senior leadership and Board members where appropriate
Maintain compliance registers and training records