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Money Services Compliance Manager

Money Services Compliance Manager

# of Openings 
1
Job Locations 
US-PA-Philadelphia
Category 
Compliance & Security

More information about this job

Overview

COMPANY PROFILE:

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          

 

JOB SUMMARY:

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).

Responsibilities

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

Qualifications

  • 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.

 

COMPENSATION:

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.

 

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