Returning Candidate?

Money Services Compliance Manager

Money Services Compliance Manager

# of Openings 
Job Locations 
Compliance & Security

More information about this job



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).


Essential Functions:

  • 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

  • Provide regular monthly, quarterly and ad-hoc reporting/presentations to COO
  • Any other duties as assigned


  • 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



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.


Need help finding the right job?

We can recommend jobs specifically for you! Click here to get started.