Compliance & Licensing Analyst

$84,000 - $95,000/Yr

Rewire - Seattle, WA

Full-time - Mid Level

Seattle, WA

1,001-5,000 employees

Educational Services

About the position

The Compliance & Licensing Analyst at Remitly plays a crucial role in ensuring the company's compliance with regulatory requirements as a licensed financial institution. This position involves maintaining licensing databases, coordinating regulatory filings, and supporting audits and examinations, all while collaborating with various teams to uphold compliance standards and manage licensing obligations effectively.

Responsibilities

• Maintain a database of licensing requirements, including periodic reports and renewal applications for the Remitly Group of international money transmitters.
• Coordinate, prepare and submit money transmission license renewals, periodic reports, and ad hoc inquiries from regulators.
• Work across teams by being a source of information about relevant Compliance procedures, regulatory guidelines, and licensing requirements.
• Research regulatory requirements for new licensing obligations as changes to state laws or Remitly's business model occur.
• Be a liaison with state banking agencies for licensing matters and support third-party audits.
• Provide periodic internal reporting on licensing tasks and emerging risks.
• Assist Compliance Officers with projects on an ad-hoc basis.

Requirements

• Minimum of 3 years of experience in a Compliance or Licensing role within a financial services business, preferably in a Fintech environment.
• Understanding of US non-bank regulatory payments framework, state licensing requirements, and NMLS licensing system.
• Understanding of anti-money laundering regulations within the banking/financial services industry.
• Understanding of basic accounting principles.
• Competency in Excel or Google Sheets.
• Four-year degree and Compliance professional certification preferred.

Benefits

• Flexible paid time off
• Health, dental, and vision benefits + 401k plan with company matching
• Paid parental, medical, military and family care leave
• Mental Health & Family Forming Benefits
• Employee Stock Purchase Plan (ESPP)
• Continuing education and corridor travel benefits