Core Product Compliance Manager

$120,000 - $150,000/Yr

Remitly - Arlington, VA

Full-time - Mid Level

Arlington, VA

1,001-5,000 employees

Credit Intermediation and Related Activities

About the position

The Core Product Compliance Manager at Remitly is responsible for optimizing the compliance framework for the company's lending and stored value products. This role involves providing strategic guidance on new products, establishing compliance programs, and ensuring adherence to regulatory requirements. The ideal candidate will have substantial experience in compliance within the financial services industry, particularly in lending, payments, and wallet products, and will navigate a complex regulatory landscape effectively.

Responsibilities

• Collaborate with product and engineering teams to design and integrate compliance controls into product development and operations.
• Build productive relationships with compliance teams at partner banks.
• Develop and maintain comprehensive compliance programs for Remitly's products.
• Monitor and ensure compliance with federal, state, and international regulations, including AML, KYC, and consumer protection laws.
• Conduct risk assessments and develop strategies to mitigate compliance risks associated with new and existing products.
• Stay up to date with regulatory changes and provide timely updates and training to relevant stakeholders.
• Liaise with regulatory bodies and support regulatory examinations and audits.
• Prepare and submit compliance reports to senior management and regulatory authorities as required.

Requirements

• Bachelor's degree in Law, Business, Finance, or a related field; advanced degree or certifications (e.g., CAMS, CRCM) preferred.
• 5+ years of experience in a compliance role within the financial services industry, with a focus on lending and payments.
• In-depth knowledge of U.S. and international regulatory requirements related to financial services, including AML and KYC.
• Ability to solve complex issues with practical solutions.
• Ability to convey technical concepts to non-technical partners.
• Demonstrated leadership capabilities, with experience building consensus and driving change in a collaborative environment.

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