Regulatory and Licensing Manager

Moneycorp•Stamford, CT

2d•$90,000 - $110,000•Hybrid

About The Position

This position will report to the Chief Compliance Officer. The Regulatory and Licensing Manager will ensure that Moneycorp adheres to all governmental (state and federal) laws and regulations. They will be responsible for researching, assessing, and monitoring new developments, ensuring policies and procedures are updated and upheld, and serving as primary point of contact and coordinator for regulatory examinations and internal and external audits.

Requirements

Three or more years of experience with money transmitter licensing compliance
Five or more years of NMLS experience
Three or more years of experience participating in state or federal compliance examinations
Two or more years of management/supervisory experience
Strong knowledge of statutes, regulations, and NMLS activities applicable to money transmitters
Must be able to work under pressure in a fast paced environment
Must have great organizational skills including the ability to prioritize
Must have excellent oral and written skills
Proficient in MS Excel and Word
Bachelor’s Degree or commensurate experience
English
The individual must have excellent work ethic and exceptional attention to detail
The individual must be professional and personable
The individual must be determined and driven
The individual must be self-motivated and have the ability to work independently and within a team environment

Responsibilities

Manage Regulatory Compliance function
Ensure compliance with, and manage company processes related to, state money transmitter licensing requirements and all Nationwide Multistate Licensing System (NMLS)-related activities
Maintain extra-provincial registrations for Moneycorp US Inc. in Canada
Conduct horizon scanning, liaise with regulators to ensure timely notice of any regulatory changes, and communicate all such changes promptly to the Chief Compliance Officer (CCO)
Prevent any disruption in licensing status by ensuring the company receives timely, accurate and complete documentation/information concerning licensing requirements
Strategize, plan, and prioritize licensing strategy and related risks
Timely file all required reports, renewal documents, and other information related to applicable licensing requirements
Identify and internally report licensing-related risk and compliance issues and participate in developing mitigation plans
Create accurate and timely reporting and analysis of regulatory and licensing activities
Monitor and resolve NMLS task list for all license item notifications
Monitor all regulatory filings managed by outside vendors (e.g. Secretary of State filings submitted by the company’s registered agent) to ensure timely and complete submissions
Monitor surety bond expiration dates and ensure renewals are processed in a timely manner
Provide management and executive level overview on the state of licensing
Hire and manage a Regulatory and Licensing Associate to serve as deputy
Assist as needed in other areas of Compliance
Manage external and internal audits
Act as principal coordinator, in collaboration with Finance, Legal, and Compliance departments, for all federal/state examinations, internal and external audits, annual independent AML compliance reviews (US), and biennial AML effectiveness reviews (Canada). This includes:
Organizing and coordinating initial document production
Preparing and maintaining examination trackers, issues logs, etc.
Acting as principal point of contact during the course of all examinations/audits
Supporting the Chief Compliance Officer, as needed, in preparing responses to the examiners
Managing the post-examination issues log and ensuring all action items are completed in a timely manner