15 days old

Money Transmitter Compliance Officer

Winston-Salem, NC 27101
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The Money Transmitter Compliance Officer will have principal managerial authority over and responsibility for the creation and support for the companys money transmission program. The Money Transmitter Officer will coordinate all BSA/AML (bank services act/anti-money laundering) and OFAC (Office of Foreign Assets Control) activities institution-wide including, risk assessments, BSA reporting and record-keeping, CIP/CDD/EDD (Customer Identification Program/Customer Due Diligence). Continued development and maintenance of BSA and OFAC programs. The BSA / AML Officer will work closely with other risk and control functions, as well as Senior and Executive Leadership, to ensure accurate and ongoing reporting and compliance with BSA/AML and OFAC regulations in accordance with law, regulation, and supervisory requirements. The Officer will also recommend, develop, and present appropriate BSA/AML policies and procedures to ensure compliance and manage corporate BSA/AML risk. This position will be located in Winston Salem.

Primary Accountabilities:

Leadership 50%

  • Oversee the implementation of and continue to evolve Inmars BSA/AML programs, which includes oversight of the applicable regulations, policies, procedures, training, and monitoring to support ongoing compliance efforts.

  • Responsible for support of the enterprise BSA/AML compliance tool and overall management of information reporting strategy for area of oversight.

  • Manage the regulatory examination process and presence across all business lines and functions specific to the BSA/AML and OFAC programs.

  • Provide leadership and supervision to BSA/AML management and staff. Train, develop, and evaluate staff performance.

  • Serve as a liaison between senior management, product development and appropriate third-party compliance support to facilitate the research and review or regulatory compliance issues for new and existing products, services and programs.

  • Develop relationships with regulatory agencies and advocate on behalf of the company.

  • Work closely with executive and senior leadership to support on-going Money Transmitter product expansion.

Strategic 40%

  • Communicate and oversee the correction of any regulatory compliance deficiencies or potential problems and provide guidance in the development of alternative solutions or implementation of corrective action.

  • Lead the development of regulatory reporting implementation and provide guidance and oversight for Unusual Activity Reports (UARs) and Currency Transaction Reports (CTRs) to ensure accuracy and completeness. Process requests from government agencies inquiring about previously submitted SARs/CTRs.

Influence 10%

  • Act as the primary liaison with law enforcement and attorneys on issues, as appropriate. Prepare, gather and coordinate information and documentation required by regulators and attorneys for compliance-related issues.

  • Perform other duties as assigned.

Required Qualification:

  • Bachelor's Degree. CAMS or comparable advanced BSA/AML & OFAC training and/or certification required.

  • At least five (5) years verifiable experience in the Money Services Business industry. including banking, lawyers or consultants working in the space, etc.

  • Knowledgeable of compliance laws, rules, regulations, and procedures. Sound knowledge of principles of business.

  • Will be a W-2 employee and must be a citizen of the US or have legal immigration status to work in the US.

  • A credit report and background check will be required.

  • Hold physical employment at the main office of the applicant.

Individual Competencies:

  • Curious: A desire to inquire and learn, to seek new knowledge and wisdom, and to listen to the contributions of others with a genuine interest to better self, the team, and the organization.

  • Analytical & Critical Thinking: Ability to tackle a problem by using a logical, systematic, sequential approach.

  • Adaptable: Responds to change with a willingness to learn new ways to accomplish work objectives with a positive attitude.

  • Problem Solving: Gathers and analyzes information to generate and evaluate potential solutions to problems, issues and challenges while weighing the accuracy and relevance of the facts, data and information.

  • Effective Execution: Translates broad conceptual understanding of the company's strategy into a tactical plan of how it will happen including who will take on which tasks in what sequence, how long those tasks will take, how much the tasks cost, and how each task affects subsequent activities.

  • Urgency: Transfers mission to action by acting clearly and decisively to analyze and implement solutions regardless of pressure or uncertainty and maintains a sense of urgency to complete tasks, accomplish goals, and act in ambiguous and complex situations.

  • Communication: Giving and receiving messages and information in written, oral, and visual formats in a clear and concise way for a complete understanding of meaning and intent.

  • Integrity: Gains the trust of others by taking responsibility for own actions and telling the truth.

  • Personal Credibility: Demonstrates concern that one be perceived as responsible, reliable, and trustworthy.

  • Business Acumen: Understands and is aware of how to think about and successfully make the right business decisions through the utilization of industry-specific knowledge and skills and strategic thinking tools and skills.

The physical demands described here are representative of those that must be met by an associate to successfully perform the major job responsibilities (essential functions) of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the major job responsibilities. This job description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the job.

While performing the duties of this job, the associate is:

  • Regularly required to use hands to finger, handle or feel objects, tools or controls, and reach with hands or arms.

  • Regularly required to talk or hear and read instructions on a computer monitor and/or printed on paper.

  • Occasionally required to stand, kneel or stoop, and lift and/or move up to ## pounds.

  • Regularly required to view items at an extremely close range and must be able to adjust and readjust focus.


  • Support a safe work environment by following safety rules and regulations and reporting all safety hazards.

As an Inmar Associate, you:

  • Put clients first and consistently display a positive attitude and behaviors that demonstrate an awareness and willingness to listen and respond to clients in order to meet their short-term and long-term needs, requirements and exceed their expectations.

  • Treat clients and teammates with courtesy, consideration and tact; you also have the ability to perceive the needs of internal and external clients and communicate effectively with the objective of delighting and retaining the client.

  • Build collaborative relationships and work cooperatively with others, inside and outside the organization, to accomplish objectives, develop and maintain mutually-beneficial partnerships, leverage information and achieve results.

  • Set and attain achievable, yet aggressive, goals with a sense of urgency and accountability.

  • Understand that results are important and focus on turning mission into action to achieve results following the principles of Flawless Execution while consistently complying with quality, service and productivity standards to meet deadlines and exceed expectations by giving our clients the best possible outcome.

Jobs Rated Reports for Compliance Officer

Posted: 2020-10-05 Expires: 2020-11-03
Sponsored by:
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Money Transmitter Compliance Officer

Winston-Salem, NC 27101

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Compliance Officer
25th2018 - Compliance Officer
Overall Rating: 25/220
Median Salary: $67,870

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