InstaMed is a rapidly growing healthcare technology company that has established itself as a leader in the emerging market of healthcare payments. InstaMed’s solutions are delivered via its proprietary cloud-based platform and network of healthcare providers and payers. We are seeking motivated candidates to join our dynamic and growing company.
Position location: Philadelphia, Pennsylvania
Department: Compliance and Security
Division: Compliance and Security
Reports To: Chief Operating Officer
The Money Services Compliance Manager is responsible for the administration and maintenance of InstaMed’s US state money transmission licenses (MTL). In addition, the Money Services Compliance Manager will be supporting a wide variety of activities in support of InstaMed’s ongoing Bank Secrecy Act (BSA) compliance requirements, including Customer Identification Program (CIP), Know Your Customer (KYC) and Anti-Money Laundering (AML).
Completion and tracking of periodic state MTL reporting forms and deadlines
Completion and tracking of MTL renewal forms and deadlines
Tracking and renewals on surety bond portfolio
Material event reporting and regulatory approvals
Communications with regulators on routine or extraordinary matters
Prepare for state exams
Provide logistical coordination and assistance during state exams
Log, track and assist in execution of remedial actions stemming from state exams
Maintain access and setup of Nationwide Mortgage Licensing System (NMLS) used for MTL license maintenance and reporting
Maintain Financial Crimes Enforcement (FinCEN) registration
Prepare and submit US regulatory filings with FinCEN incl. Suspicious Activity Reports (SARs), and Currency Transaction Reports (CTRs)
Assist in maintaining AML policy and its requirements
Prepare and coordinate annual BSA/AML/OFAC independent testing
Log, track and assist in execution of remedial actions stemming from annual BSA/AML/OFAC independent testing
Identify opportunities for process, systems and application improvements in a dynamic environment architected to solve problems in the healthcare industry
Bachelor’s Degree (BA/BS or equivalent) – Required
2+ years Compliance experience (BSA/AML/OFAC) – Highly preferred
2+ years Money Services/Banking experience – Preferred
1+ years Payments experience – Preferred
1+ years Auditing experience – Preferred
1+ years NMLS or Governance, Risk Management and Compliance (GRC) tool/platform experience
Proven ability to work creatively and analytically in problem-solving scenarios
Effective communication (written and oral) and interpersonal skills
Solid Microsoft Office skills
Self-starter and able to manage small projects independently to completion
Effective in issues/risks escalations to senior management
Sound judgment in setting expectations and managing sensitive situations
HIGH GROWTH ENVIRONMENT:
The candidate will be operating in a high-energy, high-growth environment. This is an excellent opportunity for individuals looking to excel and learn in an open, professional, team-oriented environment, and grow their career with an industry innovator and recipient of several industry awards.
We offer a competitive compensation package. Benefits include medical, dental, Long-Term Disability, Life Insurance and 401(k). Salary history and experience will be considered.
InstaMed is an Equal Opportunity Employer.