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Money Transmitter Licensing Manager

Company: Medium
Location: San Francisco
Posted on: September 18, 2023

Job Description:

Nium, Global Leader in PaymentsNiumwas founded on the mission to build the global payments infrastructure of tomorrow, today. With the onset of the on-demand economy, its single platform for global payments and card issuing is shaping how banks, fintechs, and businesses everywhere to disburse and collect funds instantly across borders. Its payout network supports 100 currencies and spans 195+ countries, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium's growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in over 40 countries, enabling seamless onboarding, rapid integration, and compliance - regardless of geography. The company is co-headquartered in San Francisco and Singapore, with regional offices in London, Amsterdam, Hong Kong, Mumbai, Bengaluru, and Chennai.Key Responsibilities:License Renewals and Amendments---Manage timely renewal and amendments of money transmitter licenses.---Review requirements and prepare necessary documentation.---Coordinate with internal stakeholders for information and supporting documents.---Ensure compliance with renewal deadlines and accurate applications.---Handle license amendments and communicate changes effectively.License Renewals and Amendments---Stay updated on federal and state money transmission laws, regulations, and licensing requirements.---Identify and communicate licensing compliance obligations from regulatory changes.---Collaborate with relevant departments to implement necessary changes for compliance.---Develop a deep understanding of internal processes for risk anticipation and effective communication.---Implement required governance programs.Regulatory Compliance Monitoring---Prepare and deliver internal and external communications with US regulators in collaboration with key stakeholders.---Act as the first point of contact for regulatory examinations and audits, ensuring thorough planning.---Prepare and submit accurate compliance reports via NMLS.---Drive remediation efforts when needed and ensure proper internal and external reporting.As part of the US Compliance Team, you will be reporting to the Director of Compliance - MLRO for US and be responsible for overseeing and managing the ongoing maintenance and compliance of Nium's US money transmitter licenses, as well as play an important role in ensuring Nium's continued compliance with regulatory requirements and US operational activities.Qualifications

  • 5-7 years of compliance and licensing experience in the financial services industry.
  • Bachelor's degree or higher education qualifications.
  • Strong understanding of money transmitter licensing and NMLS system.
  • Knowledge of AML, KYC, and BSA regulations as applicable to license maintenance.
  • Experience engaging with US State Regulators in the money transmitter space.
  • Self-motivated with excellent attention to detail and analytical skills.
  • Strong communication and presentation skills.
  • Familiarity with regulatory bodies overseeing money transmission activities.
  • Strong organizational and project management abilities.$125,000 - $150,000 a yearWhat we offer at Nium We Value Performance: Through competitive salaries, performance bonuses, uncapped sales commissions & annual salary reviews, we ensure that all our employees are rewarded and incentivized for their hard workWe care for our Employees: The wellness of Nium'ers is our #1 priority, we offer medical coverage along with 24/7 employee assistance program & generous vacations, and year-end shut down. We also provide flexible working & a hybrid working environement (3 days per week in the office)We Upskill Ourselves: We are curious, always want to learn more & upskill ourselves: We therefore do not only provide role-specific traning but also offer all our employees LinkedIn learning solutions & dedicated learning allowancesWe Constantly Innovate: Nium has been awarded multiple times for its constant innovations & growth since our inception, such as the or the We Celebrate Together: Work is also about having fun with your colleagues & creating great relationships. We often celebrate together through company-wide social events, team bounding activities, happy hours, team offsites, and so much more! We thrive with Diversity: Nium has always thrived with a diverse & multicultural workforce, with more than 33 nationalities across 18+ countries. As an Equality Opportunity Employer, we are committed to providing a safe & welcoming environment for everyone. What's it like to be a Nium'er?At Nium we center our way of work around 3 core values globally:#KeepItSimple: We cut through complexity, simplify at speed and operate with scale in mind#MakeItBetter: We build innovative solutions that make our customers' lives better#WinItTogether: We win in this competitive market by collaborating as one teamFor more information visitYou may also access our Candidate Privacy Policy on our .

Keywords: Medium, San Francisco , Money Transmitter Licensing Manager, Executive , San Francisco, California

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