Money Transmitter Licensing Compliance Manager (Leading Fin Tech)

Mountain View, CA

Posted: 10/05/2018 Employment Type: Direct Hire Job Category: Compliance Job Number: 78
Job Synthesis and Description
The Money Transmitter Licensing (MTL) Compliance Manager will be responsible for oversight and implementation of MTL Compliance across the organization. This role will report to the Director of Compliance for Licensed Offerings, in the Global Compliance Group. We are looking for an innovative Compliance leader to provide strong leadership over the MTL program, acting as a strategic thought partner to business teams.   The ideal candidate should have experience in the design, build and execution of end-to-end compliance program for financial services, with a focus on money movement, across multiple states, business types, and across multiple products and services. 

Our client' s products must continuously delight our customers, conform to policy and practices, and meet the regulatory requirements imposed on money movement by state and federal agencies. If you are passionate about innovation, solving tough customer challenges, and compliance as a strategic advantage, then come join their team!  

Specific Responsibilities
  • Leads the MTL compliance function with development, implementation and continuous improvement of policies and compliance procedures, training, driving and maintaining standards and strategies of financial services licensing compliance program.
  • Ensures policies, procedures and processes for compliance execution, sustainability and reporting are established and effectively executed commensurate with client' s licensing risk profile, regulatory requirements of federal and state agencies, and business impacts. 
  • Interacts with federal and state licensing agencies, building confidence in our ability to manage and comply with licensing requirements.
  • Partners with process owners, business leaders and key stakeholders to develop adequate remediation plans and other action plans to address issues and audit findings.
  • Develops MTL licensing and compliance management as a strategic advantage for Intuit in product innovation with defined and proven ability in successfully navigating the regulatory environment.
  • Responsible for evaluating new products and services in early stages of design and development, and provides guidance on applicability of money transmitter licensing requirements, and alternative approaches to design that alleviate the need to engage in the licensing process.
  • Partners with business and process owners, Product Development, Product Management, Internal Audit, and other functions to enable design, build and implementation of sustainable systems, controls, processes and testing in the Product compliance environment. 
  • Supports Compliance Legislative Change management in tracking of regulatory changes, in developments and in trends in the industry and related fields of impact, to keep standards, policies, procedures and processes current and effective.
  • Ensures licensing compliance metrics are indicative of health, and uses management reporting to evaluate effectiveness of the program; provides licensing related advice to business leadership and staff on a regular basis.
Key Requirements
  • Bachelor’ s degree required. 
  • 5+ years in compliance program development, implementation and sustainability in financial services.   End-to-end program documentation, identification of critical controls with corresponding metrics, and program assurance.
  • MTL Compliance knowledge and experience
  • Regulatory relations, including direct engagement with regulators as lead representing company on a routine basis and in exams. 
  • Demonstrated leadership experience to unleash talent and foster an environment that enables teammates to do the best work of their life.
  • Reputation for integrity, and transparency with regulatory bodies, and ability to balance business partnership with the need to exercise independent judgment and to raise issues in a timely and constructive manner.
  • Excellent verbal and written communication skills.
  • Demonstrated ability to influence and collaborate with peers, senior management, business leaders, and executives to accomplish shared goals.
  • Exceptional ability to manage multiple programs in a fast-paced environment with changing priorities and significant time pressures.
  • Proven ability to communicate, collaborate and manage relationships with high-level internal and external stakeholders, and with regulatory and external independent review entities.
compliance, money transfer compliance, mtl compliance, money transfers

Spencer Knibbe
Managing Partner

Spencer is the Founder and Managing Partner of MBK Search, LLC - an executive search firm that specializes in the governance, risk, compliance, and cybersecurity market space. Prior to founding MBK, Spencer was Head of Operational Risk at Bridgewater Associates. Before moving to Bridgewater, Spencer was the Head of Risk for ICAP, Plc covering the Americas Region. He started his career in venture capital as an investment associate.

Spencer graduated from Harvard University in 2001 and resides in Ridgefield, CT with his wife and two sons.

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