Full-Time

Compliance & Licensing Analyst

Confirmed live in the last 24 hours

Remitly

Remitly

1,001-5,000 employees

Facilitates international money transfers for immigrants

Fintech
Social Impact
Financial Services

Compensation Overview

$84k - $95kAnnually

+ Equity

Mid

Seattle, WA, USA

Based in Seattle.

Category
Risk & Compliance
Legal & Compliance
Required Skills
Excel/Numbers/Sheets
Requirements
  • Minimum of 3 years of experience in a Compliance or Licensing role within a financial services business, preferably in a Fintech or 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.
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.

Remitly focuses on international money transfers, helping immigrants send money to their families quickly and securely at lower costs than traditional banks. The company charges transaction fees and earns from the exchange rate margin, offering various transfer options like bank deposits and cash pickups. Its user-friendly website and mobile app allow real-time tracking of transfers, while promotions and community engagement initiatives enhance customer loyalty. Remitly stands out by addressing the unique needs of immigrants and supporting social responsibility through educational initiatives.

Company Stage

IPO

Total Funding

$423.9M

Headquarters

Seattle, Washington

Founded

2011

Growth & Insights
Headcount

6 month growth

2%

1 year growth

12%

2 year growth

21%
Simplify Jobs

Simplify's Take

What believers are saying

  • Remitly's expansion into Vancouver supports growth in product development and engineering.
  • Partnership with Major League Cricket boosts brand visibility and attracts sports enthusiasts.
  • Collaboration with Visa enhances cross-border transactions and expands global reach.

What critics are saying

  • AI adoption by competitors could increase competition in efficiency and cost reduction.
  • Visa and CIBC's digital wallet services pose a competitive threat in key markets.

What makes Remitly unique

  • Remitly focuses on immigrants, offering tailored services for cross-border money transfers.
  • The company leverages technology to provide real-time tracking and transparency in transactions.
  • Remitly engages with immigrant communities through educational content and social responsibility initiatives.

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Benefits

Continuing Education or Travel Stipend

Office Culture

Flexible PTO, Schedules and Leaves

DEI Learning Opportunities

Community Engagement

Inclusive Benefits