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Chief Compliance Officer - MSB Fintech Startup - 100% Remote

  • Location: New York, NY
  • Job Type: Right to Hire
  • Ref No: 21-00969
  • Date: February 24, 2021
  • Job title:

Job Description - Chief Compliance Officer - MSB Fintech Startup - 100% Remote

Chief Compliance Officer - MSB Fintech Startup

Our client is a New York based fin-tech specializing in account management services for consumers enrolled in debt settlement programs.  As a Money Services Business (and more specifically, a money transmitter), the Company is held to a significant number of licensing, reporting and examination obligations to comply with state and federal requirements. The primary role of the Compliance Consultant will be implementation of an effective BSA/AML Compliance Program, consistent with applicable regulatory requirements and "best industry practices with respect to KYC / CIP, transaction monitoring, and OFAC compliance.

Role Description & Requirements:

  • General understanding of Money Services Businesses (MSB) and the required processes for Money Transmitter License acquisition and license renewal;
  • Understanding and ensuring compliance with industry rules, regulations and trends;
  • Review and enhance the existing BSA/AML & OFAC Compliance Program and accompanying policies;
  • Operationalize and test effectiveness of compliance policies and procedures;
  • Review and test transaction monitoring requirements and thresholds, as applicable with NYDFS Part 504;
  • Facilitate filings of Suspicious activity reports (SAR);
  • Facilitate information requests from state and federal government; and,
  • Develop and implement effective BSA/AML internal training program.


  • The candidate must have 3+ years of experience in a bank or money transmitter institution, specifically with developing, executing and managing a comprehensive U.S. regulatory compliance AML/BSA program. 
  • Knowledge of the laws applicable to money laundering, terrorist financing, and other applicable financial/securities related crimes, including the Bank Secrecy Act (BSA), The USA PATRIOT Act, US Treasury AML guidelines, OFAC, FinCEN, NYDFS Part 504, and SAR filing requirements.
  • Understanding of the state and federal money transmitter licensing processes. Familiarity with NMLS a plus.
  • Experience in working with state regulators and auditors.
  • Strong knowledge of the financial services industry and regulatory environment.
  • Strong ability to interpret laws and regulations and succinctly communicate that information to management.
  • Ability to research and analyze regulatory issues and changes as they relate to the Company.
  • Highly attentive to detail.
  • Self-motivated, team player with entrepreneurial spirit.


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