Compliance and Licensing Associate

Summary

Join OFX's North American Compliance team as a Compliance and Licensing Associate for a 12-month contract. Support the Licensing Manager and Head of Compliance in maintaining US and Canadian money transmission licensing and related regulatory reporting. Responsibilities include state money transmitter reporting, federal/provincial regulatory reporting, surety bond management, and regulatory exam management. The ideal candidate possesses 2+ years of experience in audit or financial services, preferably with US Money Transmitter/Money Service Business entities, and a general understanding of Canadian regulations. The role offers a competitive salary, a flexible hybrid work model, and various benefits.

Requirements

• 2+ years of experience within audit or the financial services industry, preferably related to US Money Transmitter/Money Service Business entities
• Moderate to Advanced MS Office skillset with focus on excel functionality
• The ability to appropriately manage your schedule and focus in a hybrid, or remote work environment
• The ability to work effectively with cross functional, and globally diverse teams
• Strong attention to detail and ability to use a number of Compliance platforms and systems
• Possess strong organizational skills
• Diligence, honesty and reliability
• Excellent written and verbal communication skills with ability to collaborate with peers

Responsibilities

• Support the Licensing Manager and the North American Head of Compliance, to ensure US and Canadian money transmission licensing, and related federal, provincial, and state entity licensing, related regulatory reporting, and any other provisions is maintained proactively across the North America OFX Group entities
• Specific duties include, but are not limited to monthly, quarterly, and annual state report submissions, bond maintenance, funds escheatment, general license maintenance, assist during regulatory exams, and maintaining internal records as applicable
• Support North American regulatory engagements by managing requests for information or documentation across multiple functions and jurisdictions within the OFX group of entities
• Contribute as a member of the global Compliance function, and work effectively across multi-functional teams to achieve compliance objectives
• Ad hoc tasks/projects at Manager’s request

Preferred Qualifications

• A  general understanding of the Retail Payments Activtiies Act in Canada, and CFTC  derivatives payment compliance experience is also preferred
• Preferred data analytics, basic to moderate understanding of SQL, or data visualization tools (Google Data Studio)
• Immediately available has advantage

Benefits

• Health insurance
• Primary and secondary gender neutral carer parental leave (16 weeks)
• Birthday leave
• Hybrid work model