Product Compliance Manager, Remitly
CA$126-140k
+ ESPP & Equity
Office located in New Westminster, British Columbia
International payments company
Open for applications
International payments company
1001+ employees
Open for applications
CA$126-140k
+ ESPP & Equity
Office located in New Westminster, British Columbia
1001+ employees
Company mission
To transform the lives of immigrants and their families by providing the most trusted financial service products on the planet.
Role
Who you are
- The ideal candidate will have substantial experience in compliance within the financial services industry, particularly in lending and payments, and will be adept at navigating the complex regulatory landscape
- 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
- Proven ability to manage multiple priorities and drive projects to successful completion within established timelines
- Demonstrated leadership capabilities, with a track record of building consensus and driving change in a collaborative environment
What the job involves
- Reporting to the Director of Compliance Services, the Product Compliance Officer will play a crucial role in overseeing and enhancing the compliance framework for Remitly's lending and payments products
- This role involves ensuring adherence to regulatory requirements, developing and implementing compliance policies, and providing strategic guidance on compliance matters
- Develop and maintain comprehensive compliance programs for Remitly's lending and payments products
- Monitor and ensure compliance with federal, state, and international regulations, including AML, KYC, and consumer protection laws
- Collaborate with product and engineering teams to integrate compliance controls into product development and operations
- Conduct risk assessments and develop strategies to mitigate compliance risks associated with new and existing products
- Stay abreast of regulatory changes and provide timely updates and training to relevant stakeholders
- Liaise with regulatory bodies and manage regulatory examinations and audits
- Prepare and submit compliance reports to senior management and regulatory authorities as required
- Lead internal investigations related to compliance breaches and recommend corrective actions
Our take
Since its inception in 2011 Remitly has focussed on helping immigrants to send money across the world faster, cheaper and easier. The company has grown exponentially since then and now operates across multiple continents. Remitly put down most of its success on putting its customers first.
The emergence of digital banks with low transaction fees cross-country has increased competition in a space where Remitly was dominant for many years. The company must continue to innovate its product to ensure it is the go-to place for these types of payments.
However, Remitly continues to partner with exciting companies and improve their service for loyal customers. The company is setting its sights beyond its core remittance service, such as through the recent introduction of Passbook, an app that allows customers to access digital banking through a partner bank.
Steph
Company Specialist at Welcome to the Jungle
Insights
19% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Jul 2020
$85m
LATE VC
Jul 2019
$135m
SERIES E
Total funding: $435.8m
Company benefits
- Spend up to $1,000 per year on costs related to continuing education or on travel to countries Remitly serves, allowing you to gain insights to our customer’s journeys
- All of our office spaces offer our employees a place to collaborate and celebrate. With locally sourced artwork and vibrant designs, they create an environment that all can enjoy
- Fill your cup up outside of work and take advantage of our generous paid time off policies, leave policies, and flex working hours to ensure you are able to meet the demands of life outside of work
- Tap into the learning routines, resources and affinity groups Remitly provides to help you further your own DEI journey
- Contribute to the communities we serve through volunteering, employee giving, or civic advocacy
- Remitly provides rich benefit plans intended to cover the needs of our diverse teammates
Company HQ
Central Business District, Seattle, WA
Leadership
Matt Oppenheimer
(CEO & Co-Founder)After completing an M.B.A from Harvard Business School he worked as a Director for Barclays before founding Remitly in 2011
Josh Hug
(Vice Chair & Co-Founder)He was a Director at Real Networks for 7 years before co-founding Shelfari, which was acquired by Amazon as he stayed onboard to run it as CEO
Salary benchmarks
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