M

Monex

Corporate foreign exchange services

Head of Compliance - BSA Officer

Regulatory Compliance & Ethics +1Updated on Nov 10
Full-timeWashington, DC, USA

About the Job

Requirements

  • A bachelor's degree in Law, Finance, Business, or a related field is required.
  • At least 10 years of compliance experience within money transmission, foreign exchange, or international payments is required.
  • At least 3 years of senior compliance leadership experience is required.
  • Strong knowledge of AML/BSA, OFAC, the USA PATRIOT Act, FATF recommendations, and U.S. money transmitter regulations is required.
  • Experience managing regulatory examinations, audits, and remediation efforts is required.
  • Prior experience serving as a BSA Officer or MLRO with SAR/STR filing authority is required.
  • Strong communication and stakeholder management skills are required.
  • A high standard of written and verbal English is required.

Responsibilities

  • Oversee all compliance-related matters at MUSA.
  • Serve as the principal contact for local regulators in the USA (FinCEN) and Canada (FINTRAC).
  • Lead implementation of changes driven by current and forthcoming regulatory requirements.
  • Respond to or coordinate responses to regulatory, FIU, LP, and audit requests.
  • Ensure there are sufficient resources of the necessary quality to handle the firm's regulatory compliance and financial crime operations and obligations.
  • Arrange and oversee regular compliance audits and risk assessments.
  • Communicate audit or risk findings to the Chief Executive Officer and relevant senior managers, including the ICCO, to discuss and agree on suggested changes and assist with implementation where applicable.
  • Ensure accurate and up-to-date compliance records are maintained, including version control.
  • Provide concise, meaningful, data-driven management information to the firm's executive, Board, and senior managers, including quarterly compliance reports and quarterly Board reporting.
  • Manage day-to-day compliance operations.
  • Develop and align MUSA compliance initiatives in partnership with international compliance teams, ensuring consistency with global strategic objectives under the guidance of the ICCO.
  • Advise and assist the local Board in delivering the required management and governance structure, systems, internal controls, and individual senior-management responsibilities.
  • Oversee the firm's AML/BSA, OFAC, sanctions, and financial crime compliance framework.
  • Ensure adherence to the USA PATRIOT Act, FATF recommendations, and state money transmitter licensing requirements.
  • Continuously enhance the Compliance Programme, including policies, procedures, and training documentation.
  • Ensure risk-based KYC and due diligence procedures are maintained and escalated appropriately.
  • Oversee customer complaint reviews and regulatory reporting obligations.
  • Maintain oversight of SAR/STR filing processes and financial crime investigations.
  • Foster relationships across business units while maintaining effective second-line oversight.
  • Promote a culture of compliance and ethical conduct across the organization.
  • Ensure all employees receive ongoing compliance and financial crime training.
  • Coordinate bespoke training for senior leadership and Board members where appropriate.
  • Maintain compliance registers and training records.

Desired Qualifications

  • FINTRAC/PCMLTFA experience is preferred.
  • CAMS or a similar compliance certification is preferred.
  • Fluency in additional languages, including Spanish, French, or Dutch, is preferred.
  • Experience working with international compliance governance structures is preferred.
  • An advanced degree in a related field is preferred.

About the Company

Monex

Corporate foreign exchange services

Monex is a corporate foreign-exchange and global-payments provider. Sales and advisory teams work with trading, operations, compliance, analytics, technology, and client service. It helps businesses execute cross-border payments, manage currency exposure, and use market information and hedging tools. The profile is Monex USA's business currency operation, not precious-metals dealers or every company in the wider group. Roles span foreign exchange, relationship management, payment operations, risk, finance, engineering, and support. The workforce connects regulated client service with technology, risk, operations, and professional support.

Company size
Not listed
Company stage
Not listed
Total funding
Not listed
Headquarters
Houston, TX
Founded
Not listed

Recently Posted Jobs

Explore more opportunities at Monex

See more jobs