Head of Compliance (BSA Officer)

Monex USA•Washington, DC

7d•$140,000 - $170,000•Hybrid

About The Position

Monex USA is seeking a Head of Compliance to lead and oversee compliance and financial crime functions across the business. The role ensures the firm maintains effective systems and controls to meet applicable regulatory obligations, provides strategic compliance guidance to executive leadership, and supports the company’s growth in the U.S. and international markets. The position is based in Washington, DC, with a hybrid schedule requiring four days in the office after the first 90 days in person. It is a full-time, exempt role reporting directly to the Chief Executive Officer and also to the International Compliance Officer. Typical work hours are 8:30 a.m. to 5:00 p.m., Monday through Friday. The Head of Compliance is responsible for all compliance matters at Monex USA and serves as the principal contact for U.S. and Canadian regulators, including FinCEN and FINTRAC. The role manages day-to-day compliance operations, leads implementation of regulatory changes, coordinates regulatory and audit responses, arranges compliance audits and risk assessments, maintains accurate compliance records, and provides data-driven reporting to executive leadership, the Board, and senior managers. The role also partners with international compliance teams and advises the local Board on governance, controls, and management responsibilities. The position oversees the AML/BSA, OFAC, sanctions, and financial crime compliance framework; ensures adherence to applicable laws and requirements; maintains risk-based KYC and due diligence procedures; oversees complaints and regulatory reporting; and maintains oversight of SAR/STR filing and financial crime investigations. It also promotes a culture of compliance, ensures ongoing employee training, coordinates tailored training for senior leaders and Board members, and maintains compliance registers and training records. The annual salary range is $200,000 to $230,000, with a 10% annual bonus. Salary is commensurate with experience and qualifications.

Requirements

Bachelor’s degree in Law, Finance, Business, or a 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, the USA PATRIOT Act, FATF recommendations, and U.S. money transmitter regulations.
Experience managing regulatory examinations, audits, and remediation efforts.
Prior experience serving as a 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 Monex USA.
Serve as the principal contact for local regulators in the United States (FinCEN) and Canada (FINTRAC).
Lead implementation of changes driven by current and forthcoming regulatory requirements.
Respond to or coordinate responses to regulatory and FIU enquiries, law enforcement partner requests, and audit requests.
Ensure sufficient resources and appropriate resource quality for regulatory compliance and financial crime operations and obligations.
Arrange and oversee regular compliance audits and risk assessments.
Communicate audit and risk findings to the Chief Executive Officer and relevant senior managers, discuss and agree on suggested changes, and assist with implementation where applicable.
Maintain accurate, up-to-date compliance records, including version control.
Provide concise, meaningful, data-driven management information to executive leadership, the Board, and senior managers, including quarterly compliance and Board reports.
Manage day-to-day compliance operations.
Develop and align compliance initiatives for Monex USA in partnership with international compliance teams, consistent with global strategic objectives and under the guidance of the International Compliance Officer.
Advise and assist the local Board on management and governance structures, systems, internal controls, and senior management responsibilities.
Oversee the AML/BSA, OFAC, sanctions, and financial crime compliance framework.
Ensure adherence to the 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 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.