Regulatory Licensing Manager

About the Role

The U.S Licensing Manager will be the cornerstone of our U.S operations and compliance program, ensuring we have the freedom to operate and grow across the country. You will take full ownership of our state-level licensing portfolio, navigating the complex regulatory landscape with precision and strategic foresight. This role is critical to our success, directly enabling our product expansion and ensuring our services are available to millions of customers. 

You will liaise with regulators and manage those relationships in partnership with the rest of the Compliance team. You will oversee. You will oversee regulatory exams, and work cross-functionally with our Legal, Compliance, Product, Finance and other teams, providing expert guidance on exams, track findings, and manage regulatory findings and filings. 

You will work cross-functionally with our Legal, Compliance, Product, and Finance teams, providing the expert guidance needed to launch new products and expand our footprint while upholding the highest standards of regulatory compliance.

What you'll be doing:

• License Portfolio Management: Manage the entire lifecycle of our US state Money Transmitter Licenses (MTLs), including new applications, renewals, amendments, and surrenders, primarily through the Nationwide Multistate Licensing System & Registry (NMLS).

• Regulatory Reporting: Prepare and file all required reports with state regulators, including quarterly call reports, annual reports, permissible investment reports, and other ad-hoc filings.

• Regulatory Examinations: Act as the primary point of contact for state regulatory examinations. This includes coordinating exam requests, gathering documentation, and drafting responses to regulatory inquiries and findings.

• Permissible Investments: Act as primary point of contact for Finance, Data and other teams on Permissible Investments (ADTL) regulatory requirements in each state, as they apply to existing and planned products and monitoring for regulatory changes.

• Strategic Guidance: Proactively monitor the US regulatory landscape for changes in money transmission laws and advise the business on potential impacts. Develop and execute a strategic roadmap for acquiring new licenses to support business expansion.

• Cross-functional Collaboration: Partner with the Product team to assess licensing requirements for new products and features. Work closely with the Finance team on permissible investment and net worth requirements, and with the broader Compliance team on AML/BSA-related matters.

• Relationship Management: Build and maintain strong, positive relationships with state regulators across the United States.

• Process Improvement: Identify opportunities to streamline and automate licensing and reporting processes to increase efficiency and accuracy as we scale.

Qualifications:

• Minimum of 5 years of experience in regulatory compliance and licensing within a regulated money services business.

• In-depth knowledge of relevant laws and regulations related to money transmitter licensing and reporting requirements in the United States.

• Strong knowledge of accounting principles and practices, with experience in financial reporting for money services businesses.

• Proven track record of successfully managing complex licensing and regulatory reporting processes.

• Excellent organizational and project management skills, with the ability to effectively manage multiple tasks and priorities.

• Strong communication and interpersonal skills, with the ability to effectively collaborate with internal teams and external stakeholders.

• Demonstrated ability to work independently and maintain a high level of professional integrity.