Consultant – Money Transmitter Compliance

This is a fully remote position, open to applicants in United States.

📋 Description

• Serve as the lead compliance advisor and primary point of contact for client engagements, managing multiple relationships concurrently while ensuring that every engagement remains on schedule.

• Prepare and submit regular call reports for clients in the money transmitter sector.

• Accurately handle MU1, MU2, MU3, and MU4 filings, which include new applications, amendments, and changes to control persons, ensuring timely submissions.

• Prepare and submit ACN filings along with other ongoing regulatory notifications.

• Oversee applications for state money transmitter licenses, including renewals, surety bond renewals, and annual reporting across various jurisdictions.

• Maintain tracking systems for licenses and compliance calendars to ensure that nothing is overlooked.

• Convert intricate regulatory requirements into straightforward, actionable guidance that clients can effectively utilize.

• Design, implement, and continuously enhance compliance programs that are customized to each client's business model and regulatory responsibilities.

• Stay updated on federal and state regulatory changes, evaluate their implications, and proactively inform clients about these impacts.

• Assist clients during state regulatory examinations, respond to information requests, and address deficiencies.

• Compose responses to inquiries from regulators and coordinate remediation efforts from inception to completion.

• Collaborate with internal teams to provide integrated, high-quality solutions for clients.

⛳️ Requirements

• A minimum of 5 years of compliance experience in financial services, specifically supporting money transmitters, payment processors, or money service businesses (MSBs).

• Practical experience with NMLS, including handling license applications, maintenance, MU filings, and multi-state reporting.

• Comprehensive understanding of federal and state regulatory frameworks that apply to money transmitters and payment businesses.

• A demonstrated ability to draft compliance policies, procedures, and manuals for regulated financial services organizations.

• Strong analytical abilities to interpret complex regulations and convey their implications to clients.

• Experience in leading client engagements and managing several priorities in a dynamic environment.

• Exceptional written and verbal communication skills, capable of explaining regulatory complexities with clarity and confidence.

• Self-motivated individual with excellent organizational skills and meticulous attention to detail.

• Bachelor’s degree in Finance, Business, Law, or a related field; an advanced degree or relevant certifications is an advantage.

🏝️ Benefits

• Dental insurance

• Paid time off

• Retirement plan

• Vision insurance