Regulatory Reporting Manager, Flywire
$91-113k
+ Restricted Stock Units & Employee Stock Purchase Plan
Global payments processing
Be an early applicant
Global payments processing
1001+ employees
Be an early applicant
$91-113k
+ Restricted Stock Units & Employee Stock Purchase Plan
1001+ employees
Company mission
To save international students and their families money that would otherwise be lost on bank fees and unfavorable foreign exchange rates.
Role
Who you are
- Prior experience working in the financial services industry, at a payment company or at another state licensee, such as a lender
- Thorough understanding of regulatory requirements related to money transmission, including state-by-state reporting requirements
- Prior management-level experience preferred
- Strong communication skills (written and oral); with proven ability to communicate effectively with state regulators
- Excellent analytical and problem-solving skills with a keen attention to detail
- Results orientated, with the ability to handle multiple projects simultaneously
- Solid understanding of financial systems and MTL reporting, including report development and enhancement
- Bachelor’s degree or directly relevant experience
What the job involves
- We, at Flywire, are seeking a Manager within our Finance team to lead our MTL reporting process. This individual will play a critical role in managing MTL reporting for the company, ensuring compliance with the financial requirements of money transmitter licenses, to include:
- Prepare and present accurate financial statements, reports, and analysis in support of MTL reporting requirements
- Ensure timely and accurate reporting to state regulators
- Conduct financial analysis to support the regulated business and help guide its decision-making, including profitability analysis, cost control, and performance metrics
- Ensure compliance with the financial requirements of state and federal money transmitter licenses, including net worth, bonding, and liquidity requirements
- Coordinate with compliance and legal teams to maintain up-to-date knowledge of regulatory changes and ensure ongoing compliance with money transmission regulations
- Prepare and submit required financial reports to regulatory bodies, including the Nationwide Multistate Licensing System (NMLS) and individual state regulators
- Work cross-functionally to ensure the financial health of the licensee and compliance with money transmitter license requirements
- Develop financial forecasts and budgets in support of MTL reporting requirements
- Provide inputs into the overall company budgeting and forecasting process for MTL activities
- Collaborate with the treasury team on liquidity requirements and allowable investments for MTL entities, including forecasting cash needs and optimizing cash management strategies
- Ensure funds are appropriately allocated to meet operational needs and money transmission regulatory requirements
- Coordinate with state regulators on internal and external audits, ensuring all financial and regulatory audits are completed on time and without issue
- Implement and maintain effective internal controls to ensure the integrity of MTL reporting
- Identify and mitigate financial risks, including those related to money transmission, fraud, and compliance
Application process
- We are excited to get to know you! Throughout our process you can expect to meet with different FlyMates including the Hiring Manager, Peers on the team, the VP of the department, and a skills assessment. Your Talent Acquisition Partner will walk you through the steps and be your “go-to” person for any questions
Our take
Flywire is a digital platform that simplifies the paying experience for international transactions. Flywire leverages its vertical-specific software and payments technology to deeply embed within client's existing accounts-receivable workflows.
Flywire was first set up to help international students pay their tuition for American colleges, but has since grown into a global payments enablement and software company. It has processed billions of dollars in payments for clients across the world and recently secured approval for its major payment institution license, enabling it to operate domestic money transfer and cross-border money transfer services.
Flywire serves clients across education, healthcare, travel, and B2B, including several Ivy League schools, and top US hospital systems. The company appears to be focussed on growth, including by strategic acquisitions and entry into new markets, recently in the Asia Pacific and Australia, as well as further developing its channel partners ecosystem.
Steph
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
12% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Mar 2021
$60m
SERIES F
Feb 2020
$120m
SERIES E
Total funding: $323.2m
Company benefits
- Competitive compensation, including Restricted Stock Units
- Employee Stock Purchase Plan (ESPP)
- Flying Start - Our immersive Global Induction Program (Meet our Execs & Global Teams)
- Work with brilliant people that will keep you on your toes, learn more about their journeys by checking out #InsideFlywire on social media
- Dynamic & Global Team (we have been collaborating virtually for years!)
- Wellbeing Programs (Mental Health, Wellness, Yoga/Pilates/HIIT Classes) with Global FlyMates
- Be a meaningful part in our success - every FlyMate makes an impact
- Competitive time off including FlyBetter Days to volunteer in a cause you believe in and Digital Disconnect Days!
- Work From Home Stipend
- Great Talent & Development Programs (Managers Taking Flight – for new or aspiring managers!)
Company values
- Global Collaboration. We believe in teamwork. Together we are greater than the sum of individual FlyMates, across experience, location and position. We seek to understand and embrace everyone’s uniqueness, and leverage the power of our FlyMates and customers’ cultural differences and perspectives to create magic.
- Authenticity. We never compromise on integrity, honesty, and kindness. We believe in staying true to oneself, being courageous enough to share your voice and humble enough to admit when you are wrong. Above all, we are straight shooters who encourage both giving and receiving feedback.
- Fulfillment. We recognize that fulfillment comes from personal and professional satisfaction, from bringing our whole selves to work. It is understanding what ignites our individual passions and gets us excited, while being inclusive and knowing that this is different for everyone. We believe that by engaging with the wider community, giving back and contributing, our greater purpose is fulfilled.
- Execution. We take calculated risks and make smart decisions quickly to accomplish our objectives. We are helpful and supportive of each other, yet we hold each other accountable to delivering with a sense of urgency in all that we do.
- Ambitious Innovation. We continuously look for ways to deliver more and new value to our customers, partners and people. We are leaders not followers, curious and open-minded, we recognize there is always room for improvement and strive for excellence and welcome new ideas.
- Evolved Learning. The importance of actively listening, questioning, challenging, and accepting isn’t lost on us. We are a learning organization, eager to expand as individuals, as teams and as a company. We live by the knowledge that there is no endpoint to learning, that there is always room for growth.
Company HQ
Boston, MA
Articles
Leadership
Mike Massaro
(CEO, not founder)Consultant at PwC. VP Strategic Accounts at Carrier IQ, before joining Flywire as VP Business Development in 2013. Became CEO upon departure of founder Iker Marcaide in 2013.
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