Compliance Officer BSA AML & MTL Remote U.S. Only

• Manage MTL applications and active licenses through NMLS, including preparing filings, responding to regulator deficiency letters, completing MSB Call Reports, and tracking renewal deadlines and material change notifications.
• Build and maintain relationships with state money transmitter regulators, serving as a day-to-day point of contact for regulatory communications.
• Draft, implement, and update compliance policies and procedures in line with state money transmission laws, BSA, USA PATRIOT Act, and OFAC requirements.
• Support the AML compliance program, including risk assessments, transaction monitoring oversight, and escalation of potential suspicious activity.
• Coordinate internal preparations for regulatory examinations and bank partner reviews, including gathering documentation and assisting with remediation of findings.
• Conduct periodic reviews and testing of compliance controls to assess effectiveness and identify gaps.
• Monitor regulatory developments — including changes to state Money Transmitter Acts, FinCEN guidance, and OFAC requirements — and coordinate necessary updates to internal practices.
• Partner with Legal, Finance, Product, and Operations to integrate compliance requirements into business processes and new product offerings.
• Support employee compliance training and help reinforce a culture of compliance across the organization.
• A minimum of 5 years of compliance experience in a money transmitter, bank, or highly regulated financial services environment (e.g., securities, mortgage), with direct involvement in AML/BSA programs.
• Demonstrated, hands-on expertise with the Bank Secrecy Act, USA PATRIOT Act, FinCEN regulations, and OFAC sanctions programs.
• Required to hold a Certified Anti-Money Laundering Specialist (CAMS) credential.
• Working knowledge of state money transmitter licensing frameworks and hands-on experience with NMLS, including state-specific nuances (e.g., NYDFS, CA DFPI, Texas DOB).
• Experience managing or participating in federal and state regulatory examinations conducted by FinCEN, state banking departments, or OFAC.
• Strong written and verbal communication skills, with the ability to translate regulatory requirements into clear guidance for colleagues across product, engineering, and operations
• Juris Doctorate (J.D.) or active bar admission.
• Experience at a FinTech startup or growth-stage company, particularly building compliance infrastructure from an early stage.
• Familiarity with industry forums such as MTRA (Money Transmitter Regulators Association) or ACAMS membership.
• Experience evaluating or implementing automated transaction monitoring or sanctions screening platforms.

Originally posted on Himalayas