Senior Compliance Associate, North America - 12 month contract

OFX•San Francisco, CA

22h•Hybrid

About The Position

The Senior Compliance Associate contributes Compliance expertise to the Risk and Compliance and Money Transmission Licensing function as well as to other departments within OFX to ensure all areas have the knowledge required to maintain compliance with our North American obligations. They are responsible for assessing, managing and enhancing the day-to-day compliance advisory functions for the North American OFX entities (US and Canada) and will work closely with senior members of the North American Licensing and Compliance function, as well as executive leaders across the Legal, Data and Finance functions within OFX globally. Initially, this role will primarily focus on money transmission licensing coordination relative to key individual and regulatory reporting obligations and will transition into other Compliance advisory tasks as the team structure is enhanced to meet business transformation needs.

Requirements

3+ years’ experience in a similar role in Risk and Compliance, or Auditing, ideally within financial services, Legal, and/or data analytics.
Knowledge of current Money Transmission licensing and broader financial services obligations and frameworks in the NA region.
Strong ability to extract, assess and gain insights from data, and experience in data visualization/management reporting.
Adept at operating in a global collaborative environment with a flexible schedule.
Ability to prioritize work and resources, keeping business objectives at the forefront of the decision-making process.
Strong stakeholder management and problem-solving skills.
Strong communication skills, both written and verbal.
Ability to maintain high standards of accuracy and work under pressure to achieve deadlines.
Demonstrated self-initiative and ability to work unsupervised.

Responsibilities

Money Transmission Licensure protocols and reporting in the US
Regulatory reporting, and data analytics/visualization
Data Analysis to support process design, implementation, and management
Understanding of Financial Crime Compliance obligations relevant to MSBs (BSA, and PCMLTFA)
Regulatory/legislative review and application relative to money transmission across North America (US licensing, RPAA, AML, OTC Derivatives, Card products, etc.)
Policy review and implementation/operationalization
Contribute to the update / review of Programs, Policies and Standards as applicable.
Support the NA Licensing Manager, NA Senior Compliance Officer and the Head of NA Compliance in new and emerging regulations compliance applicable to money transmission, consumer protections, and derivatives.
Promote efficiency through data analytics, automation, and reporting.
Promote development and cohesion throughout compliance teams across the company.
Other ad hoc tasks/projects as assigned.
Ensure compliance with Money Transmission Licensure reporting obligations, call reporting, key individuals, and significant events.
Provide prompt and thorough advice and guidance to the business and stakeholders on enquiries and complex matters.
Work effectively across the NA and global Compliance teams
Support the work done within the NA Compliance, and at times global Compliance function
Identify and progress control and process improvement opportunities.
Provide support to and leadership as a key member of the Compliance function.