Director Of Aml Compliance

Get to Know Us Better

RT² offers the most flexible cutting-edge Retail Management Solutions that encompass sales,
inventory management, frontline employee management and engagement, payments, business
intelligence, and digital automation tools for the wireless industry. We support Fortune 500
companies, unify their customer experience, and remove pain points across multiple retail touch
points. RT² prides itself on fostering a team-oriented culture and a dynamic work environment,
where team members are set up to make meaningful contributions across the organization.

Director of ALM Compliance - Our team here at RT² is seeking a Director of AML Compliance who will report to the VP of Operations and oversee risk management, licensing, governance, BSA/AML compliance, and regulatory relationships. Their expertise will significantly impact our growth and success.
Responsibilities:

• Serve as the company's BSA/AML Officer and represent the company in its dealings with our money transmission licensing authorities.
• Responsible for ensuring compliance with domestic money transmitter licenses, being the point person for regulation/licensing matters, and assisting with new license applications; managing global internal/external resources in license expansion efforts.
• Develop a licensing strategy, including a possible rollout plan.
• Coordinate and manage the license application process to obtain licenses and/or exemption coverage in all 52 states.
• Obtain strategic partners such as attorneys, banking partners, technology partners, surety bond companies, etc.
• Prepare and/or revise business documents such as business plans, flow of funds, etc.
• Develop the anti-money laundering compliance program and applicable compliance-related policies and procedures such as the Office of Foreign Assets Control (OFAC).
• Act as a liaison with state regulators for license renewal and ensure maintenance of those licenses once obtained. Build strong relationships with state regulators.
• Build out the tooling, systems, and processes required to ensure the organization complies with regulators.
• Oversee the design and implementation of training and control testing.
• Contribute to the design and deployment of policies, procedures, and controls to ensure compliance with local and international regulatory requirements.
• Supervise the BSA/AML, sanctions and transaction monitoring compliance program, ensuring adherence to regulatory standards and best practices.
• Responsible for overseeing compliance onboarding functions and working closely with cross-departmental teams including sales, customer success, and finance.
• Provide comprehensive compliance and risk advice to the executive team ensuring alignment with the company's strategic objectives.
• Manage responses to subpoenas and compliance-related legal processes.
• Proactively implement and maintain pertinent compliance policies and procedures, staying ahead of regulatory changes and industry trends.
• Coordinate and oversee internal audits and regulatory inquiries, ensuring transparency and cooperation in compliance matters.
• Review external compliance audits/assessments and ensure timely remediations as per findings.
• Update compliance policies and procedures to include risk assessments of new products as needed and be a change agent driving required changes in process/policies.

Qualifications:

• Experience dealing with local regulators and agencies, including Financial Crimes Enforcement Network (“FinCEN”), the Office of Foreign Assets Control (“OFAC”), and more.
• Experience working with the NYDFS process, along with significant experience with NYDFS’s Part 504
• Experience with business (merchant) compliance regulations and processes
• Preferred experience in MSB (Money Services Business) or global payments firms
• Bachelor/Master’s degree in law, compliance business, or a related field
• Minimum of 7+ years’ experience in Compliance at a regulated financial services company or fintech company, preferably with money transmission licenses (“MTLs”)
• Experience with US and International financial crimes-related regulations and comfort in translating into operational policies and systems-based solutions.
• Comfortable managing multiple aspects of an AML compliance program.
• Ability to navigate through ambiguity in a fast-paced, dynamic environment.
• Excellent attention to detail, with the ability to be action-oriented and seek to meet high standards.
• Excellent written and verbal communication, time management, analytical skills, and investigative skills.
• Expert-level understanding of key regulations (including the USA PATRIOT Act, Bank Secrecy Act, and OFAC requirements) and AML risks/typologies, as well as having the ability to identify emerging compliance trends and risks.
• Proficient in AML and sanctions regulatory requirements, with a history of engaging with MTL regulatory authorities.
• Ability and enthusiasm for both strategic thinking and hands-on implementation work
• Exhibits the poise and seriousness necessary to represent the organization in front of relevant regulatory bodies.

Powered by JazzHR

AabjF51EvI